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MIA6 Posted 19 years ago
Vocabulary

collateral

1. Bureaucracy: over-regulated administrative system marked by red tape. What does 'red tape' here mean? How about 'over-regulated'?

2. Collateral: Security given for loan. What does it mean? Security here means safety? I don't think so.

Thanks.
  

Top answer

Hi, 1. Bureaucracy: over-regulated administrative system marked by red tape. What does 'red tape' here mean?

— Clive

  • Hi, 1.
  • Bureaucracy: over-regulated administrative system marked by red tape.
  • What does 'red tape' here mean?
  • How about 'over-regulated'?
  • red tape = excessive use of and adherence to unimportant formalities, especially in government offices and procedures.
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2 Answers
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Hi,

1. Bureaucracy: over-regulated administrative system marked by red tape. What does 'red tape' here mean? How about 'over-regulated'?

red tape = excessive use of and adherence to unimportant formalities, especially in government offices and procedures.

2. Collateral: Security given for loan. What does it mean? Secur
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