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Law and contracts – English vocabulary

12 words · English vocabulary · Created by Openquiz Team

12 English words with meanings: agreement, cancellation, commit, liability, lock into… Study them with flashcards, quizzes and AI speaking practice on…

Part of the learning path: 600 Essential Words for the TOEIC Exam

Word list

  1. agreement /ə'ɡri:.mənt/ (noun) — a deal between people
    Example: They reached an agreement after several hours of negotiation.
    Synonyms: contract, deal, arrangement
  2. cancellation /,kæn.səl'eɪ.ʃən/ (noun) — the act of canceling an event or plan
    Example: The sudden cancellation of the flight disappointed many passengers.
    Synonyms: termination, revocation, withdrawal
  3. commit /kə'mɪt/ (verb) — to promise to do something; to dedicate oneself
    Example: He promised to commit to the project until it was completed.
    Synonyms: pledge, dedicate, obligate
  4. liability /,laɪə'bɪləti/ (noun) — a legal duty
    Example: The company has a legal liability for any damages caused.
    Synonyms: responsibility, obligation, accountability
  5. lock into /lɒk 'ɪntu:/ (phrasal verb) — to be bound to an agreement you cannot easily change
    Example: The company was locked into a long-term contract.
    Synonyms: commit, bind, obligate
  6. party /'pɑ:rti/ (noun) — a person or group in a contract
    Example: Each party must sign the agreement before it becomes valid.
    Synonyms: side, participant, entity
  7. penalty /'pen.əl.ti/ (noun) — punishment or a fine
    Example: The company paid a large penalty for breaking the safety rules.
    Synonyms: fine, punishment, sanction
  8. petition /pə'tɪʃn/ (noun, verb) — a written request
    Example: The students signed a petition to improve the cafeteria food.
    Synonyms: appeal, request, complaint
  9. promise /'prɑ:mɪs/ (noun, verb) — a promise or to promise
    Example: He made a promise to call her once he arrived safely.
    Synonyms: vow, pledge, commitment
  10. provision /prə'vɪʒ.ən/ (noun) — a rule or condition in a contract
    Example: The contract includes a provision for early termination.
    Synonyms: clause, stipulation, supply
  11. terms /tɜ:rmz/ (noun) — a rule or condition
    Example: Please review the terms of the contract before signing.
    Synonyms: conditions, provisions, clauses
  12. vested /'vɛstɪd/ (adjective) — having the right to get
    Example: Employees have a vested right to their pension benefits.
    Synonyms: secured, guaranteed, entitled

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