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Advanced Vocabulary for the GRE - From Rags to Riches

Here you will learn some English words about money and business, such as "divest", "slack", "frugal", etc. that are needed for the GRE exam.

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Advanced Words Needed for the GRE
to defray
to defray
[Verb]

to make up for the expense or cost of something

Ex: The scholarship defrays a large portion of her college tuition each year. 
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to divest
to divest
[Verb]

to take away someone's possession, right, authority, etc.

Ex: The court divested the business owner of their controlling shares due to fraud. 
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to fleece
to fleece
[Verb]

to rob someone of their money by either overcharging or tricking them

Ex: The dishonest vendor fleeced tourists by charging double for souvenirs. 
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to incorporate

to legally form a company or organization and to give it a separate legal identity from its owners

Ex: They incorporated their startup last year to protect their personal assets. 
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to levy
to levy
[Verb]

to enforce a type of payment, such as fees, taxes, or fines and collect them

Ex: The HOA levied $50 fines on homeowners who didn't shovel their sidewalks during the snowstorm. 
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to mulct
to mulct
[Verb]

to use deception to obtain someone's money or goods

Ex: The con artist mulcted the elderly woman out of her life savings. 
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to slack
to slack
[Verb]

to not put in the required amount of effort, care, energy, or attention toward one's responsibilities or obligations

Ex: They tend to slack during the last hour of their shift. 
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to speculate

to make a risky investment while hoping to profit from it

Ex: He decided to speculate in the stock market, hoping for a big return on his investments. 
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to tender
to tender
[Verb]

to formally present or propose something

Ex: She tendered her resignation to the company, providing a two-week notice. 
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to underwrite

to financially support a project, activity, etc. and take responsibility for potential loss

Ex: Investors are hesitant to underwrite new tech startups without seeing a prototype first. 
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hedge
hedge
[noun]

a thing or method that protects one against potential problems, particularly financial ones

Ex: The investor used a hedge to protect their portfolio against market volatility. 
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illiberality

the quality of being against generosity and the freedom of thought, action, and expression

Ex: Due to his illiberality, diverse viewpoints were consistently shut down. 
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lagniappe
lagniappe
[noun]

(Louisiana) a small bonus or extra gift, often given unexpectedly

Ex: The baker threw in a lagniappe with my order of king cakes. 
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offset
offset
[noun]

a thing that reduces or neutralizes the effect of another thing

Ex: The tax credit acted as an offset to the higher cost of purchasing electric vehicles. 
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pittance
pittance
[noun]

a sum of money that is very insufficient

Ex: Despite working long hours, he was paid a mere pittance for his efforts. 
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sinecure
sinecure
[noun]

a position that is not demanding or difficult but pays well

Ex: Despite having little responsibility, the director's position at the company was considered a sinecure due to its generous salary and minimal workload. 
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spendthrift

an individual who is in the habit of spending money in a careless and wasteful way

Ex: The spendthrift lifestyle was unsustainable and eventually caught up with him. 
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stipend
stipend
[noun]

a fixed amount of money given to a person regularly as an allowance or salary

Ex: She received a monthly stipend while she was completing her internship. 
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venality
venality
[noun]

the willingness to do something that is immoral or dishonest for money

Ex: The politician’s venality was evident when he accepted bribes to influence his decisions. 
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exorbitant
exorbitant
[Adjective]

(of prices) unreasonably or extremely high

Ex: The exorbitant price of the concert tickets was beyond their budget. 
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frugal
frugal
[Adjective]

careful to not spend money in an unnecessary or wasteful way

Ex: His frugal habits allowed him to save money for unexpected expenses. 
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impecunious
impecunious
[Adjective]

severely lacking money

Ex: As a student, he led an impecunious existence, relying on part-time jobs to make ends meet. 
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insolvent
insolvent
[Adjective]

incapable of fulfilling financial obligations due to a lack of money

Ex: The company became insolvent after several poor financial decisions. 
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internecine
internecine
[Adjective]

referring to internal disputes among members of the same group

Ex: The company's leadership was torn apart by internecine rivalries. 
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lavish
lavish
[Adjective]

generous in giving or expressing

Ex: The team received lavish praise for their outstanding performance. 
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net
net
[Adjective]

final amount after the deduction of all costs

Ex: The net profit for the quarter exceeded expectations, signaling strong financial performance. 
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parsimonious
parsimonious
[Adjective]

spending money very reluctantly

Ex: Critics argued the government had grown too parsimonious in funding for education and social programs. 
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pecuniary
pecuniary
[Adjective]

involving or about money

Ex: The contract outlined the pecuniary benefits offered to the employees. 
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penurious
penurious
[Adjective]

extremely poor or unwilling to spend money

Ex: The penurious family struggled to afford even the basic necessities of life. 
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prodigal
prodigal
[Adjective]

habitually spending money or other resources in a reckless, extravagant, and wasteful way

Ex: His prodigal spending on luxury cars and vacations soon depleted his savings. 
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provident
provident
[Adjective]

planning and preparing for the future, particularly by managing one's finances

Ex: The economic downturn served as a stark reminder of the importance of provident financial planning. 
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stingy
stingy
[Adjective]

unwilling to spend or give away money or resources

Ex: He was so stingy that he wouldn't even buy a coffee for his friend. 
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thrifty
thrifty
[Adjective]

(of a person) careful with money and resources, avoiding unnecessary spending

Ex: She is a thrifty shopper, always finding the best deals. 
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to consolidate

to merge several financial accounts, debts, funds, into one

Ex: After reviewing their finances, the couple decided to consolidate their multiple credit card debts into a single, lower-interest loan. 
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