1. The rate at which employees leave a company and are replaced by new people The company has a high staff turnover. The large number of temporary contracts resulted in a high turnover of staff. turnover (noun) (ˈtɝn.oʊ.vɝ US They've had a lot of turnover at the factory recently. (US), ˈtɝːn.əʊ.və(r) (UK)) 2. The amount of business that a company does in a period of time Sales turnover increased by 10% last year. Large supermarkets have high turnovers (= their goods sell very quickly). The business has an annual turnover of £50,000. be reconciled (ˌrek.ənˈsaɪld (US), When two people are reconciled, they become friendly again after they have argued ˌrek.ənˈsaɪld (UK)) After years of not speaking, the two friends were finally reconciled. be reconciled with They were finally reconciled with each other, after not speaking for nearly five years. reconcile (verb) (ˌrek.ənˈsaɪl To find a way in which two situations or beliefs that are opposed to each other can (US), ˌrek.ənˈsaɪl (UK)) agree and exist together It's difficult to reconcile her statement with the evidence. It is sometimes difficult to reconcile science and religion. It's difficult to reconcile such different points of view. How can you reconcile your fur coat and/with your love of animals? outstanding (adjective) (ˌaʊt ˈstæn.dɪŋ (US), ˌaʊtˈstan.dɪŋ 1. Not yet paid, solved, or done (UK)) I still have some outstanding debts to pay off. $450 million in outstanding debts There are still a couple of problems outstanding. 2. Clearly very much better than what is usual She gave an outstanding performance in the play. an outstanding performance/writer/novel/year It's an area of outstanding natural beauty. Synonym excellent build-up (noun) (ˈbɪld.ʌp (US), The period of preparation before something happens ˈbɪld.ʌp (UK)) There was a huge build-up of traffic before the concert. There was a lot of excitement in the build-up to the Olympics. build (someone/something) up To increase or become larger or stronger, or to cause someone or something to do this (ˈbɪld...ʌp (US), ˈbɪld...ʌp (UK)) The gym has helped build up my strength and stamina. The build-up of troops in the region makes war seem more likely. The fact that someone is legally responsible for something The company could face legal liability if the product is faulty. liability (noun) (ˌlaɪ.əˈbɪl.ɪ.ti (US), He denies any liability for the damage caused. ˌlaɪ.əˈbɪl.ɪ.ti (UK)) [ plural ] FINANCE & ECONOMICS specialized debts: The business has liabilities of 2 million euros. Word (Pronunciation) Definition & Examples 1. Someone who provides secret information to a government or intelligence organization about another government or organization The spy was a valuable asset to the security agency. He was a South American military officer who served as a CIA asset. There was a suggestion that a Western intelligence asset may have been involved. 2. Something valuable belonging to a person or organization that can be used for the payment of debts They had to sell some assets to pay off their loans. asset (noun) (ˈæ.set (US), ˈæ.set liquid asset A lot of his wealth is in the form of stock, but he has little (UK)) in liquid assets (= money or things that can easily be changed into money). A company's assets can consist of cash, investments, specialist knowledge, or copyright material. 3. A useful or valuable quality, skill, or person His ability to speak several languages is a great asset. He'll be a great asset to the team. Knowledge of languages is a real asset in this sort of work. His eyes are his best asset (= most attractive feature). 1. To kill someone or destroy something The sniper was ordered to take out the target. The soldiers said that they were trying to take out the snipers. 2. To go somewhere and do something with someone, usually something planned and paid for I'm going to take my wife out for her birthday dinner. take someone out to something Dad's taking the whole family out to the cinema. take someone out for something Our boss took us out for drinks. take something out (ˈteɪk...aʊt 3. To buy food in a restaurant and eat it somewhere else (US), ˈteɪk...aʊt (UK)) Let's take out a pizza tonight instead of cooking. Is that to eat in or take out? 4. To get money from a bank account I need to take out some cash from the ATM. I took out some money for the weekend. 5. To remove something from somewhere Don't forget to take out the garbage tonight. They had to take out two of his teeth. deduct (verb) (dɪˈdʌkt (US), dɪ To take away an amount or part from a total ˈdʌkt (UK)) Tax will be deducted from your paycheck automatically. The player had points deducted (from his score) for arguing with the referee. tedious (adjective) (ˈti.di.əs (US), Boring and tiring, especially because long or often repeated ˈtiː.di.əs (UK)) Filling out all those forms was a tedious task. tedious work/tasks Learning a new computer program can be a tedious process. subtract (verb) (səbˈtrækt (US), To remove a number from another number səbˈtrækt (UK)) If you subtract 5 from 10, you get 5. Four subtracted from ten equals six.