Words related to "The Economy" | Essential Vocabulary for TOEFL

to finance

Verb

f

i

aɪ

n

a

æ

n

c

s

e

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to provide funds or an amount of money

Example

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Banks play a crucial role in financing businesses through loans and credit.

Investors often finance startups to support their growth and development.

Grammatical Information:

transitive

capital

noun

c

k

a

æ

p

i

ə

t

a

ə

l

money or property owned by a person or company that is used for investment or starting a business

debit

noun

d

e

ɛ

b

i

ɪ

t

an entry indicating an increase in assets or an expense, and a decrease in debts or income

credit

expense

noun

e

ɪ

x

ks

p

e

ɛ

n

s

e

the amount of money spent to do or have something

due

Adjective

d

u

ju

e

(of a payment, debt, etc.) scheduled or required to be paid immediately or at a specific time

undue

yield

noun

y

j

ie

i

l

d

an amount of profit gained from an investment or business

bank statement

noun

/bˈæŋk stˈeɪtmənt/

a document given by a bank to an account holder, providing a summary of all financial transactions within a specified period

Grammatical Information:

compound noun

to climb

Verb

c

k

l

i

aɪ

m

b

to increase in terms of amount, value, intensity, etc.

Grammatical Information:

intransitive

to crash

Verb

c

k

r

a

æ

sh

ʃ

(economics) to lose value suddenly and significantly

Grammatical Information:

intransitive

collapse

noun

c

k

o

ə

ll

l

a

æ

p

s

e

a sudden decrease in something's value, such as a price or stock

income

noun

i

ɪ

n

c

k

o

ə

m

e

the money that is regularly earned from a job or through an investment

outgo

revenue

noun

r

e

ɛ

v

e

ə

n

ue

u

the total income generated from business activities or other sources.

fortune

noun

f

o

ɔ

r

t

ʧ

u

ə

n

e

a very large sum of money

fee

noun

f

ee

i

the money that is paid to a professional or an organization for their services

to deposit

Verb

d

e

ə

p

o

ɑ

s

z

i

ɪ

t

to put an amount of money or other item of value into a bank account

withdraw

Grammatical Information:

transitive

to withdraw

Verb

w

i

ɪ

th

ð

d

r

a

ɔ

w

to take money out of an account, fund, or financial institution

deposit

Grammatical Information:

transitive

to freeze

Verb

f

r

ee

i

z

e

to legally prevent money, property, or a bank account from being used or sold

unblock

Grammatical Information:

transitive

to overdraw

Verb

/ˈoʊvɝˌdɹɔ/

to withdraw more money from a bank account than is available

donation

noun

d

o

oʊ

n

a

eɪ

t

ʃ

io

ə

n

something that is voluntarily given to someone or an organization to help them, such as money, food, etc.

budget

noun

b

u

ʌ

dg

ʤ

e

ɪ

t

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

broke

Adjective

b

r

o

oʊ

k

e

having little or no financial resources

bankruptcy

noun

b

a

æ

n

k

r

u

ə

p

t

c

s

y

i

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

to transfer

Verb

t

r

a

æ

n

s

f

e

ɜ

r

to make a person or thing move from a place, situation, or person to another

Grammatical Information:

transitive

economy

noun

e

i

c

k

o

ɑ

n

o

ə

m

y

i

the system in which money, goods, and services are produced or distributed within a country or region

stock market

noun

/stˈɑːk mˈɑːɹkɪt/

the business of trading and exchanging shares of different companies

Grammatical Information:

compound noun

recession

noun

/ˌɹiˈsɛʃən/, /ɹɪˈsɛʃən/

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

invoice

noun

i

ɪ

n

v

oi

ɔɪ

c

s

e

a list of goods or services received and their total cost

fundraising

noun

f

u

ə

n

d

r

ai

eɪ

s

i

ɪ

n

g

the process or provision of financial aid for something such as a charity or cause, usually through holding special events

free trade

noun

/fɹˈiː tɹˈeɪd/

a system of international trading in which there are no restrictions or taxes on goods bought or sold

Grammatical Information:

compound noun

free market

noun

/fɹˈiː mˈɑːɹkɪt/

an economic system that is not operated by the government rather by free competition and supply and demand

Grammatical Information:

compound noun

decline

noun

d

e

ɪ

c

k

l

i

aɪ

n

e

a continuous reduction in something's amount, value, intensity, etc.

improvement

commodity

noun

c

k

o

ə

mm

m

o

ɑ

d

i

ə

t

y

i

(economics) an unprocessed material that can be traded in different exchanges or marketplaces

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