C2 Level Wordlist - Finance

Here you will learn all the essential words for talking about Finance, collected specifically for level C2 learners.

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C2 Level Wordlist

an agreement between business rivals to not sell products at a lower price

Ex: Cartels often engage in price fixing to control market prices and limit competition , resulting in higher prices for consumers .
alimony [noun]

the money that is demanded by the court to be paid to an ex-spouse or ex-partner

Ex: The terms of the divorce settlement included provisions for alimony and child support .
arrears [noun]

money that is owed and not yet paid

Ex: Interest continued to accumulate on the outstanding arrears .

a loan guarantee that may be taken away if the loan is not repaid

Ex: In the event of default , the lender has the right to seize and sell the collateral to recover the outstanding debt .

the funds that are set aside for unforeseen expenses that may arise in the future

Ex: Non-profit organizations often establish contingency funds to prepare for unexpected drops in donations or to address urgent community needs .
lump sum [noun]

a single, large payment made in full, instead of smaller payments made over time

Ex: Instead of monthly pension payments , retirees sometimes opt for a lump sum payout , allowing them more flexibility in managing their finances .
overhead [noun]

the regular costs required for maintaining a business or an organization

Ex:
top-up [noun]

an extra amount of money added to an existing sum so that it reaches the required total

Ex:
bubble [noun]

a rapid trend of increase in prices that eventually leads to a collapse

Ex: Many analysts warn that the rapid rise in cryptocurrency prices may be indicative of a speculative bubble that could burst at any moment .
outlay [noun]

the sum of money spent

Ex: Initial outlay for the equipment was high .

the amount of unpaid debt that a company expects to receive from its customers or another company

Ex: The aging report showed that a large portion of the company 's receivables were overdue , prompting management to take action to expedite payments .

the initial amount of money needed to start a business or project

Ex: The university 's innovation center offers seed money grants to faculty members to support the development of promising research projects .
gratuity [noun]

an additional amount of money given to someone for their services

Ex: It 's customary to leave a gratuity for the waiter or waitress when dining at a restaurant .

an organization that lends money to people for buying a house or pays interest on the money that they save there

Ex: Members of the community pooled their savings to establish a local savings and loan association to provide affordable loans to small businesses .

a financial institution that oversees exchanging cheques and other financial transactions

Ex: The international clearing house handles transactions between banks from different countries , ensuring smooth and efficient cross-border payments .

the maximum amount of loan that a customer is allowed to receive

Ex: The company 's line of credit with its suppliers allowed it to maintain inventory levels without tying up excessive capital .
fintech [noun]

the technological innovation in financial services

Ex: The fintech industry is rapidly evolving , with new players entering the market to disrupt established financial institutions by offering innovative solutions for lending , insurance , and wealth management .

the total accumulated savings set aside for retirement

Ex: After years of diligent saving , John 's pension pot had grown significantly , providing him with a substantial income during retirement .

a regular payment from one parent to financially support the child after a divorce

Ex: Failure to pay child support can result in legal consequences , including wage garnishment or even imprisonment .

subsidies, incentives, or benefits given by the government to big or growing businesses and corporations

Ex: Proponents of corporate welfare claim that such financial support is necessary to protect jobs and stimulate economic growth .
giro [noun]

a British banking system in which funds are transferred from one account to another upon authorization, often via bank or post office

Ex: Customers can authorize giro transfers at their local post office .

to clear one's debt

Ex: She worked extra hours to liquidate her student loans .

the value of a company's assets minus its liabilities, divided by the number of outstanding shares

Ex: The net asset value per share of the real estate investment trust ( REIT ) increased significantly due to rising property values .

money or property donated to an institution, the income from which is used for its support

Ex: The hospital receives income from its endowment for medical research .