ang kolos 2

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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

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