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audit

audit

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

Examples

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bankroll

bankroll

/ˈbæŋˌkɹoʊɫ/
noun
a roll of currency notes (often taken as the resources of a person or business etc.)

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bankruptcy

bankruptcy

/ˈbæŋkɹəpsi/, /ˈbæŋkɹəptsi/
noun
a situation in which a person or business is unable to pay due debts

Examples

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voucher

voucher

/ˈvaʊtʃɝ/
noun
a digital code or a printed piece of paper that can be used instead of money when making a purchase or used to receive a discount

Examples

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to undercut

to undercut

/ˈəndɝˌkət/
verb
sell cheaper than one's competition

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treasury

treasury

/ˈtɹɛʒɝi/
noun
the funds of a government or institution or individual

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tax evasion

tax evasion

/tˈæks ɪvˈeɪʒən/
noun
the offense of not paying taxes

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taxation

taxation

/tækˈseɪʃən/
noun
the imposition of taxes; the practice of the government in levying taxes on the subjects of a state

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tariff

tariff

/ˈtɛɹəf/
noun
a tax paid on goods imported or exported

Examples

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subsidy

subsidy

/ˈsəbsɪdi/
noun
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

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stagflation

stagflation

/stæɡˈfɫeɪʃən/
noun
an economic situation with persistent high inflation and a high unemployment rate

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collateral

collateral

/kəˈɫætɝəɫ/
noun
something pledged as a guarantee for a loan that will be forfeited if the loan is not repaid

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contingency

contingency

/kənˈtɪndʒənsi/
noun
*** ‌a sum of money that you keep for additional payments

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cryptocurrency

cryptocurrency

/kɹˈɪptəkˌɜːɹənsi/
noun
*** any system of electronic money, used for buying and selling online and without the need for a central bank

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depression

depression

/dɪˈpɹɛʃən/
noun
a time of little economic activity and high unemployment, which lasts for a long time

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equity

equity

/ˈɛkwəti/
noun
the monetary value of a property that remains after all due debts or the mortgages are paid
Click to see examples

Examples

Now you have negative equity and owe the bank almost $400,000.

You still have $100,000 in equity in your home, and you have $240,000 to spend.

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face value

face value

/fˈeɪs vˈæljuː/
noun
the apparent worth as opposed to the real worth

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fiscal

fiscal

/ˈfɪskəɫ/
adjective
relating to government revenue or public money, especially taxes

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fluctuation

fluctuation

/ˌfɫəktʃuˈeɪʃən/
noun
the quality of being unsteady and subject to changes

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incentive

incentive

/ˌɪnˈsɛnɪv/, /ˌɪnˈsɛntɪv/
noun
a payment or concession to encourage someone to do something specific
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Examples

Over time, the incentive to survive led people to develop devices that would fix these impaired conditions.

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liquidity

liquidity

/ɫɪˈkwɪdəti/, /ɫɪˈkwɪdɪti/
noun
financial assets in the form of money or able to be easily converted into money

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monetarism

monetarism

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

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overdraft

overdraft

/ˈoʊvɝˌdɹæft/
noun
a draft in excess of the credit balance

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to quote

to quote

/ˈkwoʊt/
verb
name the price of
Click to see examples

Examples

You're gonna quote me, yes, that's not how that works.

And then a couple of days later or the next day I quote tweeted it

Profiles can include photos, quotes, inside jokes, and lists of their favorite bands and TV shows.

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commodity

commodity

/kəˈmɑdəti/
noun
(economics) a basic product or raw material that can be purchased or sold

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conglomerate

conglomerate

/kənˈɡɫɑmɝət/
noun
a corporation formed by merging different firms or businesses

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dividend

dividend

/ˈdɪvɪˌdɛnd/
noun
an amount of money paid regularly to the shareholders of a company

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proprietor

proprietor

/pɹəˈpɹaɪətɝ/
noun
the owner of a property or business

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subsidiary

subsidiary

/səbˈsɪdiˌɛɹi/
noun
a business company controlled or owned by a holding or parent company

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venture

venture

/ˈvɛntʃɝ/
noun
a business activity that is mostly very risky

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artisan

artisan

/ˈɑɹtəzən/
noun
a person whose job requires special skills and making things using hands

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labor-intensive

labor-intensive

/lˈeɪbɚɹɪntˈɛnsɪv/
adjective
requiring a large expenditure of labor but not much capital

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menial

menial

/ˈminiəɫ/
adjective
(of work) not requiring special skills, often considered unimportant and poorly paid

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painstaking

painstaking

/ˈpeɪnˌsteɪkɪŋ/
adjective
requiring, involving, or done with a lot of effort and care

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sabbatical

sabbatical

/səˈbætɪkəɫ/
noun
a leave usually taken every seventh year

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taxing

taxing

/ˈtæksɪŋ/
adjective
not easily borne; wearing

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tedious

tedious

/ˈtidiəs/
adjective
continuing for too long and boring
Click to see examples

Examples

It was a tedious processthe skeleton battle took four and a half months to film.

but wasn't as tedious and it could be more easily done than what is required of doing YouTube?

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minute

minute

/ˈmɪnət/, /maɪˈnut/, /maɪnˈjut/
noun
a short note

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hectic

hectic

/ˈhɛktɪk/
adjective
busy and full of activity

Examples

great

you-have-reviewed-all-the-words-in-this-lesson