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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 organization will defray the costs of your participation in the program .
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to divest
to divest
[Verb]

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

Ex: Legal actions may divest a landlord of ownership rights if they fail to meet certain obligations .
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to fleece
to fleece
[Verb]

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

Ex: She discovered too late that the contractor was fleecing her for unnecessary repairs .
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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: By the time we found out , the firm had already incorporated in another state .
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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 authorities were levying fines on businesses that violated the regulations .
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to mulct
to mulct
[Verb]

to use deception to obtain someone's money or goods

Ex: Scammers will mulct unsuspecting people by posing as charity workers .
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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 were slacking on maintenance , which led to the equipment breakdown .
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to speculate

to make a risky investment while hoping to profit from it

Ex: He did n’t just save money ; he speculated in the market to grow his wealth quickly .
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to tender
to tender
[Verb]

to formally present or propose something

Ex: The team captain tendered a suggestion for improving the team 's performance during the meeting .
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to underwrite

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

Ex: The investment firm is currently underwriting a public offering for a tech company .
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hedge
hedge
[noun]

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

Ex: An options hedge can be an effective way to limit potential losses in a volatile market .
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illiberality

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

Ex: The illiberality of the regime left no room for open debate or criticism .
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lagniappe
lagniappe
[noun]

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

Ex: She always adds a lagniappe when serving gumbo .
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offset
offset
[noun]

a thing that reduces or neutralizes the effect of another thing

Ex: The company 's new eco-friendly practices served as an offset to its previous pollution levels .
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pittance
pittance
[noun]

a sum of money that is very insufficient

Ex: They offered him a pittance for the artwork , far less than its true value .
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sinecure
sinecure
[noun]

a position that is not demanding or difficult but pays well

Ex: She was offered a sinecure job at a prestigious law firm , where her main task was to attend social events and represent the firm in public settings , leaving her with ample free time and a handsome salary .
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spendthrift

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

Ex: He tried to change his spendthrift ways , but old habits were hard to break .
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stipend
stipend
[noun]

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

Ex: The artist ’s stipend supported him while he worked on his project .
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venality
venality
[noun]

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

Ex: The businessman 's venality tarnished his reputation when he was caught embezzling funds .
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exorbitant
exorbitant
[Adjective]

(of prices) unreasonably or extremely high

Ex: The exorbitant tuition fees at prestigious universities can deter some students from pursuing higher education .
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frugal
frugal
[Adjective]

careful to not spend money in an unnecessary or wasteful way

Ex: Her frugal mindset encourages her to repair items rather than replacing them .
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impecunious
impecunious
[Adjective]

severely lacking money

Ex: They offered to help their impecunious friend by paying for his groceries and other necessities .
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insolvent
insolvent
[Adjective]

incapable of fulfilling financial obligations due to a lack of money

Ex: Being declared insolvent meant they had to restructure their debt .
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internecine
internecine
[Adjective]

referring to internal disputes among members of the same group

Ex: The movement collapsed under the weight of internecine bickering.
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lavish
lavish
[Adjective]

generous in giving or expressing

Ex: The lavish host made sure every guest felt special and well taken care of .
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net
net
[Adjective]

final amount after the deduction of all costs

Ex: The net proceeds from the sale of the property will be used to repay outstanding debts .
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parsimonious
parsimonious
[Adjective]

spending money very reluctantly

Ex: He will become more parsimonious if he loses his job and needs to cut expenses .
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pecuniary
pecuniary
[Adjective]

involving or about money

Ex: The pecuniary rewards for the successful completion of the project were substantial .
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penurious
penurious
[Adjective]

extremely poor or unwilling to spend money

Ex: His penurious lifestyle was marked by constant worry about where the next meal would come from .
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prodigal
prodigal
[Adjective]

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

Ex: The film portrayed the prodigal son who squandered his inheritance on frivolous pursuits .
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provident
provident
[Adjective]

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

Ex: Being provident, she made sure to set aside funds for her children 's education .
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stingy
stingy
[Adjective]

unwilling to spend or give away money or resources

Ex: The stingy donor gave only a minimal amount , even though they could afford much more .
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thrifty
thrifty
[Adjective]

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

Ex: A thrifty traveler , she always seeks budget-friendly accommodations .
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to consolidate

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

Ex: The nonprofit organization consolidated its fundraising efforts by merging several fundraising accounts .
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