Unit 11: Currency

Accrue

to be added over a given period

Acquire

to come into possession or ownership of, to buy, to purchase

Accrue

to be added over a given period

Acquire

to come into possession or ownership of, to buy, to purchase

Barter

to trade by exchanging goods rather than money

Bond

a certificate of ownership of a specified amount which can be redeemed

Charge

a fee, cost or expense which has to be paid

Crypto currency

a currency that is designed around exchanging secure information rather than an actual item

Decentralize

to distribute the powers of a central organization over a wider area

Designated

previously named or selected for a certain function

Determine

to decide upon

Endorse

to sign ones name on a commercial document

Fluctuation

constant changes and instability

Freeze

to stop or limit the use of

Incentive

something which provides stimulus or encouragement to do something

Instrument

a means by which something is effected or done

Merchant

a storekeeper, retailed or wholesaler. One who sells products

Require

to need or have need of

Seizure

taking possession of an item or monies legally or by force

Third Party

a person or organization who is involved in a legal matter by chance

or to a small degree

Transaction

an item of business which has been carried out or conducted

Variable

something which does not remain fixed or stable