TOEIC Vocabulary

#201

agreement

Noun

Example sentences

1. Both sides reached an agreement after a long meeting.
2. Please read the agreement before you sign it.
3. Our service agreement ends in December.

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#202

approval

Noun

Example sentences

1. The purchase needs the director's approval.
2. We received approval to begin the project.
3. Please wait for approval before making any changes.

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#203

bid

Noun

Example sentences

1. Our company submitted the lowest bid for the project.
2. Three firms were invited to bid for the contract.
3. The committee will review every bid next week.

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#204

buyer

Noun

Example sentences

1. The buyer asked for a lower price.
2. We arranged a meeting between the buyer and the supplier.
3. The buyer checked the goods before accepting them.

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#205

clause

Noun

Example sentences

1. This clause explains how to end the contract.
2. The lawyer asked us to change one clause.
3. Please read the payment clause carefully.

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#206

condition

Noun

Example sentences

1. The equipment arrived in excellent condition.
2. One condition of the agreement is early payment.
3. The offer is valid under these conditions.

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#207

delivery date

Noun

Example sentences

1. The supplier confirmed the delivery date by email.
2. We need an earlier delivery date for this order.
3. The delivery date is printed on the purchase order.

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#208

item

Noun

Example sentences

1. This item is currently out of stock.
2. Please check each item before packing the box.
3. The invoice lists the price of every item.

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#209

procurement

Noun

Example sentences

1. The procurement team selected a new supplier.
2. All large purchases follow the procurement procedure.
3. She works in procurement for a construction company.

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#210

purchase order

Noun

Example sentences

1. The supplier cannot ship without a purchase order.
2. Please write the correct quantity on the purchase order.
3. We emailed the signed purchase order this morning.

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#211

quantity

Noun

Example sentences

1. Please confirm the quantity before placing the order.
2. The price depends on the quantity purchased.
3. We received the correct quantity of chairs.

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#212

quotation

Noun

Example sentences

1. The contractor sent us a detailed quotation.
2. We requested quotations from three suppliers.
3. The quotation includes labor and material costs.

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#213

renew

Verb

Example sentences

1. We need to renew the office lease next month.
2. She renewed her professional license online.
3. The company decided not to renew the contract.

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#214

requisition

Noun

Example sentences

1. Please submit a requisition for the new laptops.
2. The manager approved the purchase requisition.
3. Each requisition must include a clear reason.

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#215

sign

Verb

Example sentences

1. Please sign your name at the bottom.
2. Both directors signed the agreement yesterday.
3. The red sign points to the emergency exit.

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#216

specification

Noun

Example sentences

1. The machine meets every technical specification.
2. Please include the product specifications in your quotation.
3. The supplier delivered items with the wrong specification.

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#217

supplier

Noun

Example sentences

1. Our main supplier delivers paper every Monday.
2. We asked the supplier to reduce the price.
3. The supplier replaced the damaged goods quickly.

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#218

tender

Noun

Example sentences

1. The city published a tender for the construction work.
2. Our company plans to submit a tender.
3. The tender documents explain all project requirements.

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#219

term

Noun

Example sentences

1. Payment is due according to the contract terms.
2. The course runs for one academic term.
3. Please explain this technical term in simple language.

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#220

vendor

Noun

Example sentences

1. The event vendor will provide food and drinks.
2. We added the new vendor to our payment system.
3. Each vendor must follow our safety rules.

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