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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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Advanced Words Needed for TOEFL
to depreciate
[verb]
to diminish in value, especially over time
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to fluctuate
[verb]
to vary or waver between two or more states, conditions, or amounts
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to plummet
[verb]
to decline in amount or value in a sudden and rapid way
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to soar
[verb]
to increase rapidly to a high level
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convertible
[adjective]
able to be changed from one form of currency, investment, or security into another
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deregulatory
[adjective]
relating to the removal or reduction of governmental power or regulations from an industry, commodity, etc.
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extravagant
[adjective]
costing a lot of money, more than the necessary or affordable amount
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fiscal
[adjective]
relating to government revenue or public money, especially taxes
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laissez-faire
[adjective]
relating to a policy in which private businesses are allowed to thrive without government control
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overdue
[adjective]
‌not paid, done, etc. within the required or expected timeframe
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alimony
[noun]
the money that is demanded by the court to be paid to an ex-spouse or ex-partner
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arrears
[noun]
owed money that should have already been paid
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collateral
[noun]
a loan guarantee that may be taken away if the loan is not repaid
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incentive
[noun]
a payment or concession to encourage someone to do something specific
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audit
[noun]
a formal inspection of a business's financial records to see if they are correct and accurate or not
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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
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insolvency
[noun]
the state or condition of not having enough money to pay one's debts
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quotation
[noun]
a statement indicating the cost of a specific service or piece of work
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crunch
[noun]
a critical situation that arises because of a shortage (as a shortage of time or money or resources)
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deflation
[noun]
(economics) a decrease in the amount of money in an economy, resulting in falling or unchanged prices
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dividend
[noun]
an amount of money paid regularly to the shareholders of a company
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leverage
[noun]
(finance) the value of a company's shares in relation to its debts
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ransom
[noun]
an amount of money demanded or paid for the release of a person who is in captivity
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subsidy
[noun]
an amount of money that a government or organization pays to lower the costs of producing goods or providing services so that prices do not increase
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tariff
[noun]
a tax paid on goods imported or exported
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usury
[noun]
the act of loaning money to others and demanding a very high interest rate
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liquidity
[noun]
financial assets in the form of money or able to be easily converted into money
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monetarism
[noun]
the theory or policy of controlling the amount of money in circulation as the preferred method of stabilizing the economy
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stagflation
[noun]
an economic situation with persistent high inflation and a high unemployment rate
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clientele
[noun]
all the customers collectively
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conglomerate
[noun]
a corporation formed by merging different firms or businesses
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subsidiary
[noun]
a business company controlled or owned by a holding or parent company
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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
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curtailment
[noun]
the act of reducing or limiting something in order to reach financial stability
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outsourcing
[noun]
the process of having someone outside of a company provide goods or services for that company
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broker
[noun]
a person whose job is to sell and buy assets and goods for other people
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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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tycoon
[noun]
a rich and powerful person who is successful in business or industry
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magnate
[noun]
a wealthy, influential, and successful businessperson
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dog eat dog
[phrase]
(in business, politics, etc.) a situation in which the competition is so fierce that everyone is willing to do whatever it takes to be successful, even if it means harming others
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