Advanced Words Needed for TOEFL - Money and Business
Here you will learn some English words about money and business, such as "soar", "overdue", "quotation", etc. that are needed for the TOEFL exam.
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convertible
[adjective]
able to be changed from one form of currency, investment, or security into another
extravagant
[adjective]
costing a lot of money, more than the necessary or affordable amount
laissez-faire
[adjective]
relating to a policy in which private businesses are allowed to thrive without government control
audit
[noun]
a formal inspection of a business's financial records to see if they are correct and accurate or not
bailout
[noun]
an act of giving money to a foreign country, a failing company, or an organization on the verge of collapse to ensure their safety from bankruptcy
deflation
[noun]
(economics) a decrease in the amount of money in an economy, resulting in falling or unchanged prices
monetarism
[noun]
the theory or policy of controlling the amount of money in circulation as the preferred method of stabilizing the economy
infomercial
[noun]
an advertising television program that tries to promote a product by giving a lot of information about it in a supposedly objective manner
curtailment
[noun]
the act of reducing or limiting something in order to reach financial stability
outsourcing
[noun]
the process of having someone outside of a company provide goods or services for that company
loan shark
[noun]
a person who lends money to people, typically under illegal conditions, at a very high rate of interest
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