Business English – Supply And Demand Quiz 5

Settle up – to pay or be paid what is owed
Example: We need to settle up before we leave the restaurant.

Write off – to remove an amount of money from a company’s accounts because it is unlikely to be paid
Example: The bank had to write off millions of dollars in bad debts.

Take out – to borrow money from a bank or other lender
Example: We need to take out a loan to buy a new car.

Put away – to save money for a future purpose
Example: I’ve been putting away money every month for my retirement.

Cut back – to reduce expenses or spending
Example: We need to cut back on our dining out expenses to save money.

Please fill in the blanks with the appropriate phrasal verbs from the box above.