flip

Vocabulary Word

Definition

'Flip' can mean to quickly turn over something, or it can symbolize a sudden change in a situation or decision. Picture flipping a coin - it can land on heads or tails.

Examples in Different Contexts

In real estate, to 'flip' a property means to buy, renovate, and quickly resell it for profit. A real estate developer might claim, 'We aim to flip three properties this quarter to capitalize on the booming market.'

Practice Scenarios

Business

Scenario:

We have a new property that needs substantial improvements. It's located in a fast-growing neighborhood.

Response:

That sounds like a great opportunity. Let's flip the property after careful renovations.

Impact

Scenario:

The current mindset about homelessness needs a reinvention. We have an opportunity to provide lasting change.

Response:

I agree. We need to flip the perception and provide a fresh perspective on homelessness.