2013.09.25 word (week3-3)

1.commodities(n.)anything that can be bought and sold: ▪The goal is to raise the productivity of basic food commodities such as grains.

 2. reciprocity (n.)
a situation in which two groups agree to help each other by behaving in the same way or by giving each other similar advantages: ▪We offer to all our trading partners a commitment to reciprocity and fairness.

 3. asset (n.)
something having value, such as a possession or property, that is owned by a person, business, or organization

 4. liability  (n.)
the responsibility of a person, business, or organization to pay or give up something of value:
▪He denies any liability in the accident.

5. solvency ( n.)
having enough money to pay all your debts
▪The government should certify the solvency of the companies it regulates