From Rags to Riches

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18 min
Advanced Vocabulary for the GRE - From Rags to Riches

Advanced Vocabulary for the GRE
to defrayverb

bear the expenses of

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to divest
to divestverb

take away possessions from someone

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to fleeceverb

rip off; ask an unreasonable price

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to incorporateverb

form a corporation

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to levyverb

impose and collect

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to mulctverb

deprive of by deceit

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to slackverb

avoid responsibilities and work, be idle

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to speculateverb

invest at a risk

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to tenderverb

offer or present for acceptance

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to underwriteverb

guarantee financial support of

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hedgenoun

any technique designed to reduce or eliminate financial risk; for example, taking two positions that will offset each other if prices change

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illiberalitynoun

a disposition not to be liberal (generous) with money

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lagniappenoun

a small gift (especially one given by a merchant to a customer who makes a purchase)

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offsetnoun

a compensating equivalent

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pittancenoun

an inadequate payment

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sinecurenoun

an office that involves minimal duties

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spendthriftnoun

a person who wastes money or uses it extravagantly

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stipendnoun

a sum of money allotted on a regular basis; usually for some specific purpose

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venalitynoun

prostitution of talents or offices or services for reward

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exorbitantadjective

(of a price) extremely high or expensive

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frugaladjective

avoiding waste

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impecuniousadjective

not having enough money to pay for necessities

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insolventadjective

unable to meet or discharge financial obligations

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internecineadjective

(of conflict) within a group or organization

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lavish
lavishadjective

very generous

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netadjective

final amount after the deduction of all costs

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parsimoniousadjective

excessively unwilling to spend

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pecuniaryadjective

relating to or involving money

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penuriousadjective

not having enough money to pay for necessities

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prodigaladjective

recklessly wasteful

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providentadjective

providing carefully for the future

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stingyadjective

unwilling to spend (money, time, resources, etc.)

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thriftyadjective

mindful of the future in spending money

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to consolidateverb

to merge several financial accounts into one

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