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contigency plan
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a plan for dealing with a future event or situation that might cause problems
hedge
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if you hedge a financial risk, you protect yourself against it, for example with futures or options
subsidiary
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a company that is at least half-owned by another company
churn out
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constantly produce
charlatan
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a fake, imposter
maverick
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non-conformist and independent thinker
mainstream
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the current of thought of the majority
laureate
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a person who is given an award for outstanding achievement
concoct
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create, invent
staggering
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overwhelming, amazing, shocking
preclude
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prevent, avert, cease
against the odds
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to do sth although it is unlikely to succeed
at odds
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in conflict, disagreement
beat the odds
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to succeed despite not having a good chance of succeeding
make no odds
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to not be important, to not change a situation or result
long odds
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a poor chance of succeeding
odds and sods/ends
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small things of various kinds without much value
odds are in someone's favors
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someone is very likely to succeed
chance would be a fine thing
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sth you would like to happen is very unlikely
the chances are...
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it is likely that...
they don't stand a chance
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they cannot possibly achieve it
it's the luck of the draw
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the result of sth cannot be controlled and depends on chance
strike it lucky
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to suddenly have a lot of unexpected luck
it's anyone's call
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the outcome of a situation is uncertain and any result is equally likely
bonanza
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boom, a good situation to make money
embargo
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an order of a government prohibiting the departure of commercial ships from its ports
glitch
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an error
imbroglio
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very awkward, complicated, confusing situation
mogul
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important, powerful
per capita
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for each person
tycoon
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someone wealthy, successful
status quo
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to leave sth as it is
pundit
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an expert in a particular subject who is frequently called upon to give their opinions to the public
pro rata
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proportionally
bubble
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rapidly rising prices in a particular sector, followed by a rapid collapse
credit crunch
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a huge reduction in the amount of credit available for banks to lend
default
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failure to repay a loan
deregulation
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the removal of many government controls from an industry or sector
go bankrupt
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to become insolvent - unable to pay debts
prime rate
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the interest rate that commercial banks charge their most creditworthy borrowers
recession
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a decline in business activity lasting several months- officially six moths or more
securitization
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pooling financial assets which produce a cash flow, converting them into securities, and selling them to investors, in order to get liquidity
subprime
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adjective describing a loan offered to a borrower with a poor credit rating
write off
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to cancel a worthless asset or a bad debt from an account
liquidity
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the availability of liquid assets to a market or company
interest rate
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the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding
down payment
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an initial payment made when sth is bought on credit
hedge fund
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actively managed investment that pools money from accredited investors and seeks high returns by using complex strategies and significant risk
myriad
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endless, countless, a lot
account for
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give reason for, explain
in a nutshell
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very briefly, giving only the main points
viability
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life, activity
mitigate
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to make a situation or the effects of sth less unpleasant, harmful or serious
prominent
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outstanding, important
granular
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including small details
topple
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collapse, fall
perch
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an object that is placed very high
espouse
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support, defend
threshold
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beginning, opening, verge
grandiose
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extravagant
purport
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pretend, pose as
be under siege
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very seriously attacked or criticized by many people
opine
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think
plaintiff
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accuser
obscure
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complicated, confusing, cryptic
fork out
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to pay a large amount of money, especially unwillingly
profit warning
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occurs when a company advises shareholders and the public that its earnings results will not meet analyst expectations
beat someone to market
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to be on the market before someone else
legitimate
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authentic, valid, legal
venture
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take a chance, operate
valid
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legitimate, authentic
incubator
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an organization that helps startup companies and individual entrepreneurs to develop their businesses
trace to
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finding the origin or cause of something
to cite as the reason for
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to state sth as the official reason for a case
factor in, take account for
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to take into consideration
counter-productive
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achieving the opposite result to the one desired
blockbuster
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a highly successful product, service, or investment that generates significant revenue and popularity, often exceeding expectations, RUNAWAY SUCCESS
make sb tick
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making someone behave in a certain way
winning streak
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an uninterrupted sequence of success
clouded judgement
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when the ability to think clearly and make sound decisions is impaired
to accord with
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to agree with
primeval
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ancient, prehistoric
inherent
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instinctive, ingrained, natural
tap into
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to utilize or access a resource, supply, or market for your own advantage
bust
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a period of decline, failure, or bankruptcy
feedback loop
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a process in which information about the outcome of an action or decision is used to modify future actions or decisions
trading floor
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a large, open workspace where stocks, bonds, currencies, and other financial instruments are bought and sold
lionize
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idolize glorify
whistle-blower
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an individual who reports wrongdoing, misconduct, or illegal activity within an organization, typically to the appropriate authorities or the public
feel-good-guru
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an expert or leader who is recognized for their knowledge and influence in the field
canard
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an unfounded rumour or story
risk exposure
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a measure of possible future loss which may result from an activity or occurrence
underestimate
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take too lightly
researchers
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scholarly or scientific investigators
bluffers
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fakers or pretenders
randomness, unpredictability
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uncertainty
forecast
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prediction
improbable
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not likely to happen
estimate
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to calculate approximately

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