Vocabulary for IELTS (General) - Money
Here you will learn some English words about money, such as "asset", "discount", "pension", etc. that are needed for the IELTS exam.
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a valuable resource or quality owned by an individual, organization, or entity, typically with economic value and the potential to provide future benefits
a public sale in which goods or properties are sold to the person who bids higher
to negotiate the terms of a contract, sale, or similar arrangement for a better agreement, price, etc.
a financial aid provided by the government for people who are sick, unemployed, etc.
the sum of money that is available to a person, an organization, etc. for a particular purpose and the plan according to which it will be spent
the study of how money, goods, and resources are produced, distributed, and used in a country or society
the fact that the cultures and economic systems around the world are becoming connected and similar as a result of improvement in communications and development of multinational corporations
the ongoing increase in the general price level of goods and services in an economy over a period of time
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
a regular payment made to a retired person by the government or a former employer
a hard time in a country's economy characterized by a reduction in employment, production, and trade
an amount of money that is paid back because of returning goods to a store or one is not satisfied with the goods or services
an economic and political system in which industry, businesses, and properties belong to the private sector rather than the government