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Advanced Vocabulary 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

to diminish in value, especially over time

[Verb]
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to fluctuate

to vary or waver between two or more states or amounts

[Verb]
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to plummet

to decline in amount or value in a sudden and rapid way

[Verb]
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to soar

to increase rapidly to a high level

[Verb]
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convertible

able to be changed from one form of currency, investment, or security into another

[Adjective]
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deregulatory

relating to the removal or reduction of governmental power or regulations from an industry, commodity, etc.

[Adjective]
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extravagant

costing a lot of money, more than the necessary or affordable amount

[Adjective]
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fiscal

relating to government revenue or public money, especially taxes

[Adjective]
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laissez-faire

relating to a policy in which private businesses are allowed to thrive without government control

[Adjective]
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overdue

‌not paid, done, etc. within the required or expected timeframe

[Adjective]
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alimony

the money that is demanded by the court to be paid to an ex-spouse or ex-partner

[noun]
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arrears

an unpaid debt that is past due

[noun]
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collateral

a loan guarantee that may be taken away if the loan is not repaid

[noun]
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incentive

a payment or concession to encourage someone to do something specific

[noun]
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audit

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

[noun]
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bailout

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

[noun]
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insolvency

the state or condition of not having enough money to pay one's debts

[noun]
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quotation

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

[noun]
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crunch

a challenging situation caused by a shortage, such as time, money, or resources, that requires immediate attention or action

[noun]
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deflation

(economics) a decrease in the amount of money in an economy, resulting in falling or unchanged prices

[noun]
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dividend

an amount of money paid regularly to the shareholders of a company

[noun]
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leverage

(finance) the value of a company's shares in relation to its debts

[noun]
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ransom

an amount of money demanded or paid for the release of a person who is in captivity

[noun]
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subsidy

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

[noun]
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tariff

a tax paid on goods imported or exported

[noun]
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usury

the act of loaning money to others and demanding a very high interest rate

[noun]
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liquidity

financial assets in the form of money or able to be easily converted into money

[noun]
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monetarism

the theory or policy of controlling the amount of money in circulation as the preferred method of stabilizing the economy

[noun]
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stagflation

an economic situation with persistent high inflation and a high unemployment rate

[noun]
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clientele

all the customers collectively

[noun]
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conglomerate

a corporation formed by merging different firms or businesses

[noun]
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subsidiary

a business company controlled or owned by a holding or parent company

[noun]
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infomercial

an advertising television program that tries to promote a product by giving a lot of information about it in a supposedly objective manner

[noun]
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curtailment

the act of reducing or limiting something in order to reach financial stability

[noun]
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outsourcing

the process of having someone outside of a company provide goods or services for that company

[noun]
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broker

a person whose job is to sell and buy assets and goods for other people

[noun]
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loan shark

a person who lends money to people, typically under illegal conditions, at a very high rate of interest

[noun]
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tycoon

a rich and powerful person who is successful in business or industry

[noun]
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magnate

a wealthy, influential, and successful businessperson

[noun]
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dog eat dog

(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

[phrase]
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