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What is a SPAC? Special Purpose Acquisition Companies Explained

164,329 views

Intro:

Special thanks to The Free Dictionary for providing us with the information used in this web page

Video Vocabulary

/ˈyo͞oZH(o͞o)əlē/

usually
adverb

Normally; regularly.

contract
noun verb

agreement intended to be legally enforceable. To become ill as a result of getting a disease.

/inˈvest/

invests
verb

To use resources to build for the future.

/ˈspeSHəl/

special
adjective noun

Different, better or greater than normal. Heavily discounted sales item.

/ˈmanijmənt/

management
noun

People who are in control of a business or group.

/əˈkwī(ə)r/

acquire
verb

To get or earn something by thinking or working.

/ˈpərpəs/

purpose
noun verb

Reason for which something is done; aim; goal. have as intention or objective.

/ˈ(h)weT͟Hər/

whether
conjunction

expressing doubt or choice between alternatives.

/ˈtipik(ə)lē/

typically
adverb

In a normal or usual way.

/ˈbiznəs/

business
noun

A company formed for making profit.

/ˈwôrənt/

warrant
noun verb

Official authorization for some action or decision. To guarantee or legally swear something.

/ˌakwəˈziSH(ə)n/

acquisition
noun

Process of acquiring; thing that is acquired.

/prəˈpôrSH(ə)n(ə)l/

proportional
adjective

corresponding in size or amount to something else.

/ˈspänsər/

sponsors
noun other verb

person or organization that pays for or contributes to costs involved in staging sporting or artistic event in return for advertising. People giving money for someone's education. To help someone succeed by giving them money.

/əˈkount/

account
noun verb

A description, often written, of events; report. consider or regard.

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