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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to defray [verb]

to make up for the expense or cost of something

Ex: We are hoping that the fundraiser will defray the costs of the charity event .

to divest [verb]

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

Ex: The government 's actions sought to divest the dictator of political power .

to fleece [verb]

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

Ex: Many people have been fleeced by online scams promising quick profits .

to incorporate [verb]

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

Ex: She was incorporating the nonprofit to help underprivileged children .

to levy [verb]

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

Ex:

to mulct [verb]

to use deception to obtain someone's money or goods

Ex: The corrupt officials were mulcting citizens through fake permits and fines .

to slack [verb]

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

Ex: She has slacked on her assignments all semester , causing her grades to drop .

to speculate [verb]

to make a risky investment while hoping to profit from it

Ex: Investors speculated in gold , betting that its value would rise amid economic uncertainty .

to tender [verb]

to formally present or propose something

Ex: The company tendered a formal apology for the inconvenience caused to its customers .

to underwrite [verb]

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

Ex: Banks may choose to underwrite loans by providing financial backing for borrowers .

hedge [noun]

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

Ex: The company implemented a currency hedge to mitigate the impact of exchange rate fluctuations on its international transactions .

illiberality [noun]

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

Ex: Illiberality reigned in the classroom , where only one perspective was tolerated .

lagniappe [noun]

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

Ex: That second scoop of ice cream was a nice lagniappe .

offset [noun]

a thing that reduces or neutralizes the effect of another thing

Ex: Their efforts to increase efficiency were an offset to the higher initial investment .

pittance [noun]

a sum of money that is very insufficient

Ex: Her hourly wage amounted to a pittance , barely covering her daily expenses .

sinecure [noun]

a position that is not demanding or difficult but pays well

Ex: Many criticized the government 's decision to create a new sinecure role for a retired politician , arguing that taxpayer money should be spent more wisely .

spendthrift [noun]

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

Ex: Despite earning a high salary , his spendthrift ways left him in financial trouble .

stipend [noun]

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

Ex: The scholarship included a stipend to help with books and supplies .

venality [noun]

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

Ex: They criticized the judge 's venality , claiming it affected his impartiality .

exorbitant [adjective]

(of prices) unreasonably or extremely high

Ex: The exorbitant rent for the apartment in the city center was prohibitive for many potential tenants .

frugal [adjective]

careful to not spend money in an unnecessary or wasteful way

Ex: Despite his wealth , he maintains a frugal lifestyle , avoiding extravagant purchases .

impecunious [adjective]

severely lacking money

Ex: Despite his impecunious background , he worked hard and earned a scholarship to attend college .

insolvent [adjective]

incapable of fulfilling financial obligations due to a lack of money

Ex: The insolvent firm had to negotiate with creditors for a settlement .

internecine [adjective]

referring to internal disputes among members of the same group

Ex: The internecine conflict among the board members stalled all progress .

lavish [adjective]

generous in giving or expressing

Ex: She gave him a lavish gift to celebrate his promotion .

net [adjective]

final amount after the deduction of all costs

Ex: The company 's net worth increased significantly following the sale of its assets .

parsimonious [adjective]

spending money very reluctantly

Ex: Players complained the team owner was too parsimonious to pay for good free agents .

pecuniary [adjective]

involving or about money

Ex: The pecuniary interests of the investors influenced the company 's decisions .

penurious [adjective]

extremely poor or unwilling to spend money

Ex: The charity provided assistance to the penurious elderly who could n't afford healthcare .

prodigal [adjective]

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

Ex: His prodigal habits caught up with him , leaving him in severe debt .

provident [adjective]

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

Ex: Her provident nature was evident in her well-organized retirement plan .

stingy [adjective]

unwilling to spend or give away money or resources

Ex: They were surprised by his stingy nature , given his high-paying job .

thrifty [adjective]

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

Ex: The thrifty couple managed to buy their home by cutting back on luxuries .

to consolidate [verb]

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

Ex: The investor decided to consolidate their various investment accounts into a single brokerage account .

Advanced Vocabulary for the GRE
Likes and Dislikes	Features and Attributes	Characteristics and Disposition	Traits and Behavior
Quality and Temperament	Aspects and Manners	Hold an Opinion, Give an Advice!	What's on Your Mind?
Everyone Is Entitled to Their Own Opinion!	Make Up Your Mind!	Open and Shut Case	Ripples in a Pond
Only Change Is Constant!	The Soul of a Soulless World	Civil Society and Religiosity	Cultural Sphere and Arts
Artsy Endeavors	Government as a Necessary Evil	Appearance Could be Deceptive!	As It Appears!
Beyond Measure!	Ensure Good Health!	Success Is a Sure Thing, Failure Is Not!	Experiment, Learn, and Repeat!
Stay on the Safe Side!	From Rags to Riches