Sixteen terms. Four groups of four. Find the connection.

How to play

Sort the sixteen terms into four groups of four. Select four tiles, then check the group.

Each group sits at a tier from 1 to 4. Tier 1 is the gentlest, Tier 4 the meanest. You find out which tier you hit only once the group is right.

Get three of the four and you'll be told you're one off. You won't be told which one.

Four wrong guesses ends the grid and reveals the answers.

Several terms are placed to look like they belong somewhere else. That's the puzzle, not a bug.

New grid every morning, with the Digest.

Mistakes 0 / 4

Finance never accepts the shorthand

The people who approve the spend are rarely the people who chose the vendor. Procurement wants to know why two suppliers that sound identical cost different money. Finance wants the invoice to reconcile against words nobody in the room defined the same way. Legal wants to know which contract the term appears in and what it obliges. None of them will accept the shorthand a trading desk uses among itself, and none of them should have to. A practitioner spends more of the week translating than trading, and the translation only holds if the words underneath it are exact. Sorting them is how you find out whether yours are.