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.

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