Glossary borrow l'borau/ verb [transitive/intransitive to receive and use something that belongs to someone else, and promise to give it back to them later: Can I borrow your calculator? failure

know-how l' n~u,hau/ noun [uncount] INFORMAL knowledge
that is needed to do something, usually something
practical
physiotherapist /,fizi~u'Ser~pist/ noun [count] someone whose job is to treat injuries using special physical exercises
youth /ju:S/ noun [uncount] young people in general: youth culture/unemployment/training


elevator /'el~veit~(r)/ noun [count] AMERICAN a lift in a building lift /hft/ noun [count] BRITISH a machine that carries people up or down between different levels of a tall
building: Do you want to take the lift or use the stairs?
fee /fi:l noun [count] [usually plural] money that you pay to a professional person or institution for their work: Tuition fees at Stanford have now reached $40,000 a year.
franchise fee /'frrentJaiz ,fi:l noun [count] BUSINESS the initial sum of money that the franchisee pays to the franchiser for the right to join the franchise
franchiser or franchisor /'frrentJaiz~(r)/ noun [count] BUSINESS a person who licences a franchise; a business that sells franchises
lawyer /'b:j~(r)/ noun [count] someone whose profession is
to provide people with legal advice and services
obligatory /~'bhg~t(~)ri/ adjective FORMAL something that is obligatory must be done in order to obey a law or rule: It
is obligatory for members to be insured.
royalty /'roi~Iti/ noun [count] a payment that someone such as a writer or musician gets each time their work is sold or performed; a payment from a franchisee to the franchiser,
usually a percentage of gross sales
background music /'brekgraund ,mju:Zikl noun [count]
quiet music that plays in a public place
chair /tJe~(r)/ verb [transitive] to be the person in charge
of a meeting, committee or company: She subsequently
chaired the executive board of the UN Children's Fund.