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GLOSSARYreal estate n. Am£[U] 1 land or buildings2 the business of selling land or buildingsreceipt n. 1 [U] the act of receiving something2 [C) a written statement showing that you have receivedmoney, goods or services3 receipts [plural] money that has been receivedrecession n. [C, U] a period of time when an economyor industry is doing badly, and business activity andemployment decrease. Many economists consider thatthere is a recession when industrial production falls for sixmonths in a row.recommend v. [T] 1 to advise someone to do something,especially because you have special knowledge of asituation or subject2 to say that something or someone would be a good thingor person to chooserecommendation n. [C, U] 1 official advice given to someoneabout what to do2 a suggestion that someone should choose a particularthing or person because they are very good or suitablerecover v. 1 [I] to increase or improve after fa lling in value orgetting worse2 [T] to get back money that you have spent or lost3 [T] to get back something that was stolen, lost or almostdestroyedrecovery n. (plural recoveries) 1 [C, U] when prices increase, orwhen the economy grows again after a period of difficulty2 [U] the act of getting something back, such as money thatyou are owedrecruit v. [I, T] to find new people to work for an organisation,do a job, etc.recruitment n. 1 [U] the process or the business of recruitingnew people2 [C] an occasion when someone is recruitedredundancy n. (plural redundancies) [C, U] especially 8r£ whensomeone loses their job in a company because the job is nolonger neededredundant adj. especially 8r£ If you are made redundant, youlose your job because your employer no longer has a job fo ryou.reference n. [C] 1 a letter written by someone who knows youwell, usually to a new employer, giving information aboutyour character, abilities or qualifications2 a person who provides information about your character,abilities or qualifications when you are trying to get a job(= referee)reliable adj. Someone or something that is reliable can betrusted or depended on.reliability n. [U]relocate v. [I, T] If a company or workers relocate or arerelocated, they move to a different place.relocation n. [C, U]requirement n. [C] 1 something that an official organisationsays a company or person must have or do2 something that someone needs or wantsreschedule v. [T] to arrange a new time or date for a meeting oreventresignation n. [C, U] when someone officially states that theywant to leave their job, position, etc.respond v. [I] 1 to react to something that has happened2 to reply to a letter, telephone call, etc.restriction n. [C] an official rule that limits or controls whatpeople can do or what is allowed to happenrestructure v. [I, T] If a company restructures, or someonerestructures it, it changes the way it is organised orfinanced.retail n. [U] 1 the sale of goods to customers for their own use,rather than to shops, etc.2 retail trade/market/business, etc. the selling of goods orservices to members of the public, or companies involvedin this3 retail shop/outlet/store, etc. a shop, etc. that is open tomembers of the publicretailer n. [C] 1 a business that sells goods to members of thepublic, rather than to shops. etc.2 someone who owns or runs a shop selling goods tomembers of the publicreturn! v. [T] to take a product back to the shop you boughtit from to get your money back, or to get other goods inexchange fo r itreturn2 n. [C. U] the amount of profit made from an investmentrevenue n. [C] (also revenues) money that a business ororganisation receives over a period of time. especially fromselling goods or servicesreward! n. 1 [C] something that you receive because you havedone something good or helpful2 [C, U] money that you earn for doing a job or providing aservice3 [C. U] money earned by an investment4 [C] an amount of money offered to someone in return forsome information about somethingreward2 v. [T] to give someone something such as moneybecause they have done something good or helpfulrise! v. (past tense rose; past participle risen) [I] to increase innumber. amount or valuerise2 n. 1 [C] an increase in number. amount or value2 [C] 8r£ an increase in salary or wages (= raise ArnE)3 [singular] the process of becoming more important,successful or powerfulsale n. 1 [C, U] the act of selling someone property, food orother goods2 sales [plural] the total number of products that a companysells during a particular period of time3 sales [U] the part of a company that deals with sellingproductssample n. [C] a small amount of a product that people can useor look at in order to find out what it is likesaving n. 1 [U] the act of keeping money to use later rather thanspending it2 [C, usually singular] an amount of something that youhave not used or spent. especially compared with a largeramount that you could have used or spent3 savings [plural] money that is kept in a bank to be usedlater or invested, rather than spentscanned for Paul Jennings173