Vocabulary for IELTS Academic (Band 6-7) - Finance

the total income generated from business activities or other sources.

a record or statement of financial transactions, typically detailing debits, credits, and balances

the act of buying or obtaining something, especially something that is valuable

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

the extra money that we get, besides our salary, as a reward

an entry recording an increase in assets or a decrease in liabilities in an accounting system, typically on the right side of a ledger account

a system that provides the amount of prices, costs, etc. so that one can compare them with their previous value

a situation in which a person or business is unable to pay due debts

an official contract or arrangement by which a bank gives money to someone as a loan to buy a house and the person agrees to repay the loan over a specified period, usually with interest

the funds acquired by a company or corporation through the issuance and purchase of shares

the management and handling of financial matters or transactions

ivestments, securities, and assets held by an individual or entity for financial gain or future use

a group of shares that a person or organization owns

a hard time in a country's economy characterized by a reduction in employment, production, and trade

an amount of profit gained from an investment or business

an accountant's profession or tasks

the practice of reducing expenses or overhead in order to increase profitability or save money