Cambridge English: CAE (C1 Advanced) - Financial Management & Economic Health

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Cambridge English: CAE (C1 Advanced)

a member of an organization with limited membership

Ex: He was honored to be invited as an associate of the prestigious research institute .
audit [noun]

a formal inspection of a business's financial records to see if they are correct and accurate or not

Ex:
deficit [noun]

the difference between the needed amount that is higher than the available amount, especially money

Ex:

the process of using money to pay for goods, services, or obligations

Ex: Expenditure on marketing has increased this quarter .
invoice [noun]

a list of goods or services received and their total cost

Ex: The invoice included a breakdown of the services provided and their respective costs .
margin [noun]

(business) the difference between the amount of money spent to buy or produce something and the amount of money gained from its sale

Ex: The retailer offers discounts to increase sales volume while maintaining a healthy margin .
turnover [noun]

the overall amount of profit made by a business or company over a specific period of time

Ex: The turnover for the quarter exceeded expectations , leading to a boost in shareholder confidence .
yield [noun]

an amount of profit gained from an investment or business

Ex: The financial advisor recommended diversifying the investment portfolio to maximize yield and minimize risk .
affluent [adjective]

possessing a great amount of riches and material goods

Ex: She grew up in an affluent family , attending private schools and traveling abroad frequently .

to save someone or something from a difficult financial situation

Ex:
bankrupt [adjective]

(of organizations or people) legally declared as unable to pay their debts to creditors

Ex: The once-thriving neighborhood became desolate after the major employer went bankrupt .

(of a business) to reach a point that yields no success due to the profit being almost as equal as the costs

Ex: He invested heavily , hoping to break even before turning a profit .

to subtract or take away an amount or part from a total

Ex: Freelancers often deduct home office expenses as a business expense .
funds [noun]

assets held in the form of money, available for spending or investment

Ex: The school has limited funds for extracurricular activities .
gross [noun]

the total amount of income before any deductions, taxes, or expenses are subtracted

Ex:
interest [noun]

the fee paid for borrowing money, calculated as a percentage of the loan amount over time

Ex:

to make enough money to pay for one's basic needs

Ex: She is working extra hours to make both ends meet while she looks for a better-paying job .

to withdraw more money from a bank account than is available

Ex: She overdrew her balance while shopping and did n’t realize it until later .
prosperous [adjective]

rich and financially successful

Ex: She invested wisely and became prosperous .

to spend a lot of money on fancy or unnecessary things

Ex: To celebrate their anniversary , the couple splashed out on a gourmet dinner and a weekend getaway .
well-off [adjective]

having enough money to cover one's expenses and maintain a desirable lifestyle

Ex: He considered himself well-off after securing a stable job with a decent income .

to manage to stay strong and determined, despite the likelihood of failure

Ex: We have so much debt that we 're barely able to keep our heads above water .
balance [noun]

the sum of money that is left in a bank account

Ex: He checked his balance online to confirm that his paycheck had been deposited .
low-cost [adjective]

relatively cheap compared to others of its kind

Ex: The supermarket offers a wide selection of low-cost groceries to help families save money .
tariff [noun]

a tax paid on goods imported or exported

Ex: Negotiations between countries often focus on reducing tariffs to promote free trade .

to add credit or money to a prepaid phone account to enable continued use of its services

Ex: Can you top up my account with $ 20 for additional data ?
profitable [adjective]

(of a business) providing benefits or valuable returns

Ex: Investing in renewable energy has turned out to be a profitable venture for many companies .

a statement indicating the cost of a specific service or piece of work

Ex: The company sent a quotation to the client outlining the costs and timeline for the software development project .

the state of having a large amount of money, valuable possessions, or other material resources

Ex: His affluence was evident from his expensive cars and private jet .
net [noun]

the amount remaining after all deductions, especially the excess of revenues over outlays during a given period

Ex:
Cambridge English: CAE (C1 Advanced)
Ecological Principles & Conservation Pollution, Waste & Human Impact Energy, Resources & Environmental Events Physics & States of Matter
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