Answer Key

Retirement – New Vocabulary Practice

You have already passed this section on 2015-03-02 at 6:09.

Fill in the missing words. Choose one of the words below. Sometimes you need to put them in the right form.
  • BROKE
  •  
  • ODDS
  •  
  • STEEPLY
  •  
  • OFFSET
  •  
  • PREMIUM
  •  
  • WINDFALL
  •  
  • SPOUSE
  •  
  • DEDUCT
  • BREADWINNER
  •  
  • LAPSE
  1. I'm not sure if we can  [deduct] the fee from our taxes. We'd better consult a tax advisor. 
  2. A life insurance  [lapse] can occur when you fail to pay your premium on the policy. 
  3. The amount paid for an insurance policy is a  [premium] . 
  4. In this chart, we  [broke] out all the costs so that we could analyze what we have to cut back in the next quarter. 
  5. There was an unexpected  [windfall] of one million pounds more in license fee income than planned. 
  6. The costs of living in this city are rising  [steeply] . 
  7. A client can change the loan contract only upon the written consent of his or her  [spouse] .
  8. The  [odds] of the two events occuring at the same time are more than one million to one. 
  9. If a  [breadwinner] dies without life insurance, his dependants will face real problems. 
  10. In the long-term viewpoint, this contract is advantageous for us. It will  [offset] our possible future losses.