Reading Comprehension: Carney defends plan to convert unsold B.C. condos into affordable housing amid ‘bailout’ criticism

Taken in or included as part of something larger, or completely focused on something

The small local company was absorbed by a large international corporation last year.

Feeling extreme worry or sadness, or in a very difficult financial or physical situation

The charity provided food and shelter to distressed families who had lost their homes in the flood.

The value of something you own after subtracting any money you still owe on it, or fairness in how people are treated

After paying the mortgage for ten years, she had built up significant equity in her home.

A situation where there is too much of something, more than is needed or can be used

A glut of cheap imported goods made it hard for local manufacturers to compete.

The state of not having enough money to pay what you owe to other people or companies

The small business owner declared insolvency after losing most of his customers during the economic crisis.

Using something you already have, such as money, skills, or connections, to gain a greater advantage or result

She succeeded by leveraging her strong network of contacts to find new clients for her business.

A situation where a large amount of something, such as debt or supply, exists and puts pressure on a market or economy

The overhang of unsold apartments in the city kept housing prices from rising for several years.

A difficult and complicated situation that is hard to escape from, like being stuck in soft wet ground

The government found itself in a quagmire when it tried to fix the broken healthcare system.

Done with great precision and care, targeting only what is necessary without affecting other things

The police carried out a surgical operation to arrest the suspect without harming anyone nearby.

Never having happened or existed before in history

The speed at which the vaccine was developed was unprecedented in the history of modern medicine.