Essential Vocabulary for the GRE - Money Doesn’t Grow on Trees!

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 money one owns in a property after paying back any money one borrowed to buy 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

a written record summarizing the proceedings and decisions made

extremely busy and chaotic