Money

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16 min
Vocabulary for IELTS (General) - Lesson 17

Vocabulary for IELTS (General)
accountant
accountantnoun

someone whose job is to keep or check financial accounts

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annualadjective

happening or calculated yearly

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assetnoun

a valuable person, thing, or quality that is considered to be useful

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auctionnoun

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

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to bargainverb

to negotiate the terms and conditions of a contract, sale, or transaction for a better agreement, price, etc.

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benefitnoun

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

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bettingnoun

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

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budget
budgetnoun

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

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to decreaseverb

to become less in amount, size, or degree

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discount
discountnoun

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

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economicsnoun

a field of study that deals with a country's finances and its distribution or consumption

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expensenoun

the amount of money spent to do or have something

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fair tradenoun

trading practices that do not put consumers at a disadvantage

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farenoun

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

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fundnoun

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

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globalizationnoun

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

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inflationnoun

the condition in which a currency is losing its purchasing power and the prices generally increase

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investmentnoun

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

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mortgage
mortgagenoun

an official contract or arrangement by which a bank gives money to someone as a loan to buy a house and the person must return the money with interest at monthly intervals

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pensionnoun

a monthly payment that a retired person receives from the government or a private company, for which they used to work

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recessionnoun

a period of economic decline marked by a rise in unemployment and the fall in the GDP

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refundnoun

an amount of money that is paid back because of returning goods to a store or one overpaying for something

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revenuenoun

money that a government collects in tax each year

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stock marketnoun

the business of trading and exchanging shares of different companies

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unstableadjective

prone to sudden change or alteration

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wage
wagenoun

money that a person earns, daily or weekly, through work or giving services

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to appreciateverb

(of value or price) to gradually rise

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bankruptcynoun

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

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capitalismnoun

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

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depressionnoun

a time of little economic activity and high unemployment, which lasts for a long time

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