- extract
- A supplementary license or certificate issued by a competent authority for part of the quantity authorised by an existing license or certificate. HM Customs & Revenue Glossary
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▪ I. extract ex‧tract 1 [ɪkˈstrækt] verb [transitive]1. MANUFACTURING to remove raw material S, such as gold or oil, from a place, for example the sea or the ground, so that they can be sold or used in an industrial or manufacturing process:• The landowner has appealed for planning permission to extract the peat.
• The three most heavily taxed commodities are alcohol, tobacco, and the oil being extracted from the North Sea.
• The roots are crushed in the local sugar factory to extract the sugary juice.
• Cocoa butter and cocoa powder are extracted from the beans.
3. to get information or facts from a piece of writing or set of figures:• The software extracts data directly from the accounting system.
• He would not leave until he'd extracted every detail.
4. to get information or an agreement from someone, although it is difficult to do so:• The full employment of the 1950s gave trade unions the power to extract better terms and conditions from employers.
[m0] ▪ II. extract ex‧tract 2 [ˈekstrækt] noun [countable]1. a small part of a piece of writing, music, or a film:extract from• an extract from a memorandum to a US delegate
• vanilla extract
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Ⅰ.extract UK US /ɪkˈstrækt/ verb [T]► NATURAL RESOURCES to remove a substance from the ground or from another substance: »In this area brown coal is extracted in open pits.
extract sth from sth »Ethanol can be extracted from potatoes, switchgrass, garbage, and timber waste.
► to get something, such as information or money, from someone, especially when they do not want to give it: »The proposed law would allow unions to extract fees from non-union workers for services that unions provide.
extract a promise »He managed to extract a promise from the board that his department would not be subject to cuts.
► to get a piece of information from a book, document, computer file, etc.: »The website itself does not automatically extract any information from users or about user behaviour.
Ⅱ.extract UK US /ˈekstrækt/ noun [C]► a small part that has been taken from a book, document, computer file, etc.: extract from sth »In addition to its news, sport, and business coverage, the online version of the paper includes extracts from the weekend magazine.
► NATURAL RESOURCES a substance that has been got from another substance, using a particular process: »medicinal plant extracts
Financial and business terms. 2012.