General Business TOEIC Vocabulary Flashcards

A set of vocabulary flashcards covering key terms related to business contracts, negotiations, and general commerce as found in the TOEIC preparation notes.

Bind

To tie or legally obligate someone, often used in the passive form 'be bound' by a contract.

Breach

The breaking or violating of an agreement or contract, such as a breach of trust or etiquette.

Clause

A specific provision or item in a contract, such as a penalty clause or a savings clause.

Contractual

Related to or governed by a contract, such as a contractual agreement or obligation.

Obligation

A legal or moral duty and responsibility, such as an obligation to pay under a contract.

Party

One of the participants or sides involved in a legal agreement or negotiation, such as the guilty party or a third party.

Persuasion

The act of convincing someone or the process of being convinced to sign an agreement or take an action.

Satisfy

To fulfill requirements, comply with terms, or meet standards specified in a contract.

Accommodate

To provide or supply something needed, such as a better offer, or to provide lodging.

Aggressive

Being forceful, xông xáo, or determined in promoting products to break into a market.

Apprehensive

Feeling anxious, worried, or fearful about a responsibility or project.

Bargain

To negotiate or haggle over terms and prices in a transaction.

Compromise

The act of reaching an agreement or settlement through mutual concessions.

Concede

To admit or yield, such as admitting that a project has been a failure.

Offset

To counterbalance or compensate for a loss or damage incurred during business operations.