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 examination of financial records to check that they are accurate and properly maintained
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 money, funds, or financial resources belonging to a government, organization, or institution
the illegal acts done to pay less tax than what is owed or to avoid paying taxes altogether
the system or process by which a government imposes and collects taxes
a tax imposed by a government on goods imported into or exported from a country
money provided by a government or organization to support or encourage an activity, industry, service, or expense
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 prolonged period of severe economic decline marked by low business activity and high unemployment
the value of an asset after subtracting any debts or other financial claims against it
the obvious meaning or worth of something, without looking deeper
relating to government revenue, spending, taxation, or other public finances
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
a product or raw material that can be bought and sold, especially in large quantities on financial markets
a corporation formed by merging different firms or businesses
a share of a company's profits paid to its shareholders
the owner of a property or business
a company owned or controlled by another, usually larger, 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
