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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annual [adjective]

happening, done, or made once every year

Ex: She received her annual performance review in January .

asset [noun]

a valuable resource or quality owned by an individual, organization, or entity, typically with economic value and the potential to provide future benefits

Ex:

auction [noun]

a public sale in which goods or properties are sold to the person who bids higher

Ex: The auction attracted collectors from around the world .

to bargain [verb]

to negotiate the terms of a contract, sale, or similar arrangement for a better agreement, price, etc.

Ex:

benefit [noun]

a financial aid provided by the government for people who are sick, unemployed, etc.

Ex: The government has increased the benefits for families with children who are in need .

betting [noun]

the act of risking money on the result of an unpredictable event

budget [noun]

a specific amount of money set aside for a particular use

Ex: The travel budget covered flights and lodging .

to decrease [verb]

to become less in amount, size, or degree

Ex: The noise decreased as the construction work came to an end .

discount [noun]

the amount of money that is reduced from the usual price of something

Ex: With the discount applied , the final price was much more affordable .

economics [noun]

the study of how money, goods, and resources are produced, distributed, and used in a country or society

Ex: The professor explained the basic principles of economics in the lecture .

expense [noun]

the amount of money spent to do or have something

Ex: Rent and utilities are among the most common monthly expenses for homeowners and renters alike .

fair trade [noun]

trading practices that do not put consumers at a disadvantage

fare [noun]

the amount of money we pay to travel with a bus, taxi, plane, etc.

Ex: The airline offers lower fares for early morning flights .

fund [noun]

a sum of money that is collected and saved for a particular purpose

Ex: He contributed to a scholarship fund .

globalization [noun]

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

Ex: The rise of multinational corporations is one of the most visible effects of globalization .

inflation [noun]

the ongoing increase in the general price level of goods and services in an economy over a period of time

Ex: Rising inflation led to higher food and fuel prices .

investment [noun]

the act or process of putting money into something to gain profit

Ex: The company 's investment in new technology has already started to pay off with increased productivity .

mortgage [noun]

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

Ex: The monthly mortgage payments include principal and interest , as well as property taxes and insurance .

pension [noun]

a regular payment made to a retired person by the government or a former employer

Ex: After working for the company for over thirty years , he was able to retire with a comfortable pension .

recession [noun]

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

Ex: Families had to tighten their budgets and cut back on spending due to the recession .

refund [noun]

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

Ex: After returning the damaged item , he got a refund to his credit card .

revenue [noun]

income collected by a government through taxes and other official sources

Ex: The government allocated part of the revenue for education .

stock market [noun]

the business of trading and exchanging shares of different companies

Ex: News of the company 's breakthrough product led to a surge in its stock market value .

unstable [adjective]

prone to sudden change or alteration

Ex: The market has been unstable lately , with drastic fluctuations in stock prices .

wage [noun]

money that a person earns, daily or weekly, in exchange for their work

Ex:

to appreciate [verb]

(of value or price) to gradually rise

Ex: Real estate in the city tends to appreciate faster than in rural areas .

bankruptcy [noun]

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

Ex: Bankruptcy can provide a fresh start for individuals in severe debt .

capitalism [noun]

an economic and political system in which industry, businesses, and properties belong to the private sector rather than the government

Ex: Critics of capitalism argue that it leads to income inequality and exploitation of labor .

Vocabulary for IELTS (General)
Communication	Art	Music	Literature
Movie and Theater	The Media	Argument and Agreement	Certainty and Uncertainty
Expressing an Opinion	Advice and Suggestion	Making a Decision	Sickness and Health
Cause and Effect	Success and Failure	Education	Space
Money	Business	The environment	Likes and Dislikes
Persuasion and Involvement	Similarity and Difference	Signposting	Problems and Solutions
Being in Charge	Talking about Senses	Possession	Talking about Change
Talking about Events and Incidents	Lifestyles	Tourism	The Planet Earth
Phrasal Verbs