Upper Intermediate Deck 12

any form of currency that only exists digitally, that usually has no central issuing or regulating authority but instead uses a decentralized system to record transactions and manage the issuance of new units, and that relies on cryptography to prevent counterfeiting and fraudulent transaction

a person or company offering insurance policies in return for premiums

a set of quantifiable measurements used to gauge a company’s overall long-term performance

non-disclosure agreement; an agreement in which a person (such as an employee) agrees to keep information (such as a trade secret) confidential

in business, it is the difference between the cost of buying or producing something and the price that it is sold for

the initial funding used to begin creating a business or a new product

the term used in the venture capital industry to describe a startup company with a value of over $1 billion