CONCURRENT: existing, happening, or done at the same time.
There are three concurrent art fairs around the city.
CONFISCATE: take or seize (someone's property) with authority.
The guards confiscated his camera.
CONSTITUTE: be (a part) of a whole.
Single parents constitute a great proportion of the poor.
DECIPHER: convert (a text written in code, or a coded signal) into normal language.
Enable the government to decipher coded computer transmissions.
DEFAULT: failure to fulfill an obligation, especially to repay a loan or appear in a court of law.
It will have to restructure its debts to avoid default.
HYPOTHETICAL: of, based on, or serving as a hypothesis.
That option is merely hypothetical at this juncture.
NOMINAL: (of a role or status) existing in name only.
Thailand retained nominal independence under Japanese military occupation.
PREDOMINANT: present as the strongest or main element.
Its predominant color was red.
PREREQUISITE: a thing that is required as a prior condition for something else to happen or exist.
Sponsorship is not a prerequisite for any of our courses.
RECESSION: a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
Job losses are symptomatic of the recession.