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Insight - Advanced - Unit 3 - 3A

Here you will find the vocabulary from Unit 3 - 3A in the Insight Advanced coursebook, such as "ethos", "fritter away", "strapped", etc.

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Insight - Advanced
foraging
foraging
[noun]

the act of searching or gathering food, resources, or provisions in the natural environment, typically done by animals

Ex: The bear spent the morning foraging for berries in the forest. 
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self-sufficient
self-sufficient
[Adjective]

capable of providing everything that one needs, particularly food, without any help from others

Ex: After years of practice, the farm became self-sufficient, growing enough food and resources to sustain itself year-round. 
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flat-pack
flat-pack
[noun]

a piece of furniture or equipment that is sold in parts and is delivered to the buyer in a box so that they can put it together and then use it

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assembly line

a production process where a product is put together in a step-by-step manner by different people or machines, each responsible for a specific task

Ex: Cars are built on an assembly line to improve efficiency. 
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ethos
ethos
[noun]

the fundamental values and beliefs that influence and guide the behavior and attitudes of a person, group, or organization

Ex: The company’s ethos emphasizes innovation and sustainability. 
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pipe dream

an impractical or impossible idea, plan, or wish

Ex: Starting a company with no money, no product, and no team is just a pipe dream. 
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to splash out

to spend a lot of money on fancy or unnecessary things

Ex: After completing a challenging project, the team decided to splash out on a spa day to relax and rejuvenate. 
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to [live] beyond {one's} means

to spend in a way that exceeds one's income

Ex: He bought a car he couldn't afford; he's living beyond his means. 
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to [make] (both|) ends meet

to make enough money to pay for one's basic needs

Ex: With rent so high, it is hard to make ends meet. 
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to fritter away

to slowly and carelessly waste or use up something, such as time, money, resources, or opportunities

Ex: He tends to fritter away his weekends by watching TV and playing video games. 
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poverty-stricken
poverty-stricken
[Adjective]

suffering from extreme deprivation

Ex: The poverty-stricken village struggled with limited access to clean water. 
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to squander

to waste or misuse something valuable, such as money, time, or opportunities

Ex: Instead of investing wisely, he chose to squander his inheritance on extravagant vacations. 
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insurance
insurance
[noun]

the arrangement with an institute or agency according to which they guarantee to make up for the damages in the event of an accident or loss

Ex: He decided to purchase car insurance to protect himself against potential accidents. 
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standing order

a permanent instruction or procedure that remains in effect until it is altered or terminated

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premium
premium
[noun]

the amount of money paid to an insurance company in exchange for coverage or protection against specified risks or potential losses

Ex: She pays a monthly premium for her health insurance. 
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contactless
contactless
[Adjective]

(of interactions or payments) done without physical touch, often using wireless technology

Ex: She paid for her coffee using a contactless card. 
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liability insurance

a form of insurance that offers financial protection to individuals or businesses against legal obligations and expenses resulting from injuries, damages, or losses caused to others

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current account

a bank account that allows frequent deposits and withdrawals, typically using checks, with no prior notice required

Ex: They offer free banking services with their current account. 
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debit
debit
[noun]

an entry indicating an increase in assets or an expense, and a decrease in debts or income

Ex: The accountant recorded the purchase as a debit. 
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bonus
bonus
[noun]

the extra money that we get, besides our salary, as a reward

Ex: Our bonus is calculated based on our performance ratings. 
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comprehensive
comprehensive
[Adjective]

covering or including all aspects of something

Ex: The comprehensive report provided a detailed overview of the project, addressing every aspect from start to finish. 
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policy
policy
[noun]

a set of ideas or a plan of action that has been chosen officially by a group of people, an organization, a political party, etc.

Ex: The government introduced a new fiscal policy to stimulate economic growth. 
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third party

a person or entity that is not directly involved in a particular transaction or agreement, but may have legal rights or obligations related to it

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strapped
strapped
[Adjective]

having a limited amount of something, especially of money

Ex: I can't go out tonight; I'm strapped. 
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the breadline

an informal threshold of income that marks the level at which a person or household is regarded as very poor or barely able to afford basic necessities

Ex: Many families are living below the breadline. 
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