Essential Vocabulary for the GRE - Money Doesn't Grow on Trees!
Here you will learn some English words about finance, such as "audit", "undercut", "subsidy", etc. that are needed for the GRE exam.
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a formal inspection of a business's financial records to see if they are correct and accurate or not
the total amount of money a person or business has for spending or investing
a situation in which a person or business is unable to pay due debts
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
to demand a lower price than one's rivals
the funds and resources that a country or organization controls
the illegal acts done to pay less tax than what is owed or to avoid paying taxes altogether
the system by which a government collects money from citizens and businesses to fund public services
a tax paid on goods imported or exported
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
an economic situation with persistent high inflation and a high unemployment rate
a loan guarantee that may be taken away if the loan is not repaid
the funds that are set aside for unforeseen expenses that may arise in the future
a digital or virtual form of currency secured by cryptography
a time of little economic activity and high unemployment, which lasts for a long time
the value of an asset after deducting all claims, debts, or liens against it
the obvious meaning or worth of something, without looking deeper
relating to government revenue or public money, especially taxes
the irregular or unpredictable variation in something over time, characterized by alternating changes
a payment or concession to encourage someone to do something specific
financial assets in the form of money or able to be easily converted into money
the theory or policy of controlling the amount of money in circulation as the preferred method of stabilizing the economy
a deficit in a bank account caused by withdrawing more money than is available
to estimate how much money something will cost
(economics) an unprocessed material that can be traded in different exchanges or marketplaces
a corporation formed by merging different firms or businesses
an amount of money paid regularly to the shareholders of a company
the owner of a property or business
a business company controlled or owned by a holding or parent company
a business activity that is mostly very risky
a skilled craftsperson who creates objects partly or entirely by hand
related to a line of work that requires large groups of workers to be able to function
(of work) not requiring special skills, often considered unimportant and poorly paid
requiring a lot of effort and time
a paid leave from work, often taken every seven years, for study or personal growth
demanding or requiring a considerable amount of effort and energy to deal with
boring and repetitive, often causing frustration or weariness due to a lack of variety or interest
