Economy and bank

Lesson 16

To credit

Title: To credit

Pronunciation: /tʊ ˈkrɛdɪt/

Part of speech: verb

Formal or informal: Can be both formal and informal

Countable or uncountable: Countable

Transitive or intransitive: Transitive

Stress marks: tʊ ˈkrɛdɪt

Synonym: acknowledge, recognize

Opposite: discredit, disacknowledge

to publicly acknowledge someone as a participant in the production of something published

The film will credit the director for his work

to publicly acknowledge someone as a participant in the production of something published

Economy

Title: Economy

Pronunciation: /ɪˈkɒnəmi/

Formal or informal: Can be both formal and informal

Countable or uncountable: Countable

Stress marks: ɪˈkɒnəmi

Synonym: financial system, fiscal state

Opposite: extravagance, wastefulness

 

the wealth and resources of a country or region, especially in terms of the production

The country’s economy has been growing steadily

the wealth and resources of a country or region, especially in terms of the production

Economic

Title: Economic

Pronunciation: /ˌiːkəˈnɒmɪk/

Part of speech: adjective

Formal or informal: Can be both formal and informal

Countable or uncountable: Uncountable

Stress marks: ˌiːkəˈnɒmɪk

Synonym: financial, monetary

Opposite: non-economic, uneconomical

 

Relating to economics or the economy

The economic situation has improved

Relating to economics or the economy

Accounting

Title: Accounting

Pronunciation: /əˈkaʊntɪŋ/

Part of speech: noun

Formal or informal: Can be both formal and informal

Countable or uncountable: Uncountable

Stress marks: əˈkaʊntɪŋ

Synonym: bookkeeping, auditing

Opposite: mismanagement, disorganization

 

The action or process of keeping financial accounts

She studied accounting in college

The action or process of keeping financial accounts

Asset

Title: Asset

Pronunciation: /ˈæsɛt/

Part of speech: noun

Formal or informal: Can be both formal and informal

Countable or uncountable: Countable

Stress marks: ˈæsɛt

Synonym: advantage, benefit

Opposite: liability, drawback

 

A useful or valuable thing, person, or quality

Her creativity is her greatest asset

A useful or valuable thing, person, or quality

Budget

Title: Budget

Pronunciation: /ˈbʌdʒɪt/

Part of speech: noun/verb/adjective

  Formal or informal: Can be both formal and informal

  Countable or uncountable: Countable (noun), Uncountable (verb)

  Transitive or intransitive: Transitive (verb)

  Stress marks: ˈbʌdʒɪt

  Synonym (noun): financial plan, allowance, funds

  Synonym (verb): allocate, apportion, allot

  Synonym (adjective): economical, thrifty, cost-effective

  Opposite (noun): overspending, extravagance 

  Opposite (verb): overspend 

  Opposite (adjective): expensive, lavish

 

(noun): an estimate of income and expenditure for a set period of time

(noun): We need to stick to our budget this month

(noun): an estimate of income and expenditure for a set period of time

(verb): allocate a specified amount of money to a particular person, activity, or item

(verb): They budgeted 500 for the project

Capital

Title: Capital

Pronunciation : /ˈkapɪtl/  

Part of speech : noun/adjective  

Formal or informal Can be both formal and informal       

Countable or uncountable Countable       

Stress marks ˈkapɪtl       

Synonym (noun) : city, metropolis      

Synonym (adjective) : excellent, outstanding      

Opposite (noun) : provincial town      

Opposite (adjective) : mediocre

 

(adjective) : excellent; first-rate

(adjective) : She made a capital suggestion

(adjective) : excellent; first-rate

the city or town that functions as the seat of government and administrative center of a country

(noun) : Washington D.C. is the capital of the United States

Debit

Title: Debit

Pronunciation : /ˈdɛbɪt/  

Part of speech : noun/verb  

Formal or informal Can be both formal and informal       

Countable or uncountable: Countable       

Transitive or intransitive :Transitive       

Stress marks ˈdɛbɪt       

Synonym (noun) : deduction, charge      

Synonym (verb) : record, enter      

     

(noun) : an entry recording an amount owed, listed on the left-hand side or column of an account

(noun) : The debit was incorrectly recorded

(noun) : an entry recording an amount owed, listed on the left-hand side or column of an account

(verb) : enter (an amount) on the left-hand side of an account

(verb) : The accountant will debit the amount

Finance

Title: Finance

Pronunciation : /fʌɪˈnæns/  

Part of speech : noun/verb  

      Formal or informal Can be both formal and informal        

      Countable or uncountable Countable        

      Transitive or intransitive Transitive        

      Stress marks fʌɪˈnæns        

      Synonym (noun) : banking, money management       

      Synonym (verb) : fund, back       

      

 

(noun) : the management of large amounts of money, especially by governments or large companies

(noun) : She works in finance

(noun) : the management of large amounts of money, especially by governments or large companies

(verb) : provide funding for a person or enterprise

(verb) : They will finance the project

Investment

Title: Investment

Pronunciation : /ɪnˈvɛstmənt/  

Part of speech : noun  

     Formal or informal :Can be both formal and informal          

     Countable or uncountable: Countable               

     Stress marks :ɪnˈvɛstmənt          

     Synonym: venture, speculation        

     Opposite :loss

 

The action or process of investing money for profit

They made an investment in stocks

The action or process of investing money for profit

Financing

Title: Financing

Pronunciation : /ˈfaɪnænsɪŋ/  

Part of speech : noun      

     Formal or informal :Can be both formal and informal          

     Countable or uncountable: Uncountable           

     Stress marks :ˈfaɪnænsɪŋ          

     Synonym :funding, capitalization        

              

 

The act of providing funding for a project

The financing for the new building was secured

The act of providing funding for a project

Borrowing

Title: Borrowing

Pronunciation : /ˈbɒrəʊɪŋ/  

Part of speech : noun  

     Formal or informal: Can be both formal and informal          

     Countable or uncountable: Uncountable             

     Stress marks: ˈbɒrəʊɪŋ          

     Synonym :loaning, taking on loan        

     Opposite :lending

 

The action of borrowing something

The borrowing of books from the library is free

The action of borrowing something

In debt

Title: In debt

Pronunciation : /ɪn dɛt/  

Part of speech : phrase  

     Formal or informal: Can be both formal and informal          

     Countable or uncountable: Uncountable                 

     Stress marks :ɪn dɛt          

     Synonym: indebted, owing money        

     Opposite :debt-free

 

owing money to someone

They are in debt to the bank

owing money to someone

Grant

Title: Grant

Pronunciation : /grænt/  

Part of speech : noun/verb  

      Formal or informal Can be both formal and informal        

      Countable or uncountable: Countable        

      Transitive or intransitive: Transitive        

      Stress marks :grænt        

      Synonym (noun) : subsidy, endowment       

      Synonym (verb) : allow, permit       

      Opposite: refuse

 

(noun) : a sum of money given by an organization, especially a government, for a particular purpose

(noun) : She received a grant for her research project

(noun) : a sum of money given by an organization, especially a government, for a particular purpose

(verb) : agree to give or allow

(verb) : The city council will grant permission for the event

(verb) : agree to give or allow

loan

Title: loan

Pronunciation : /ləʊn/  

Part of speech : noun/verb  

      Formal or informal Can be both formal and informal        

      Countable or uncountable :Countable        

      Transitive or intransitive :Transitive        

      Stress marks ləʊn        

      Synonym (noun) : advance, credit       

      Synonym (verb) : lend, give credit       

      Opposite :borrow

 

a thing that is borrowed, especially a sum of money that is expected to be paid back with interest

(noun) : He took out a loan to buy a car

a thing that is borrowed, especially a sum of money that is expected to be paid back with interest

(verb) : lend (a sum of money)

(verb) : The bank agreed to loan him the money

Distribution

Title: Distribution

Pronunciation : /ˌdɪstrɪˈbjuːʃ(ə)n/  

Part of speech : noun  

     Formal or informal :Can be both formal and informal          

     Countable or uncountable: Uncountable            

     Stress marks :ˌdɪstrɪˈbjuːʃ(ə)n          

     Synonym :allocation, dispersal        

     Opposite :collection

 

The action of sharing something out among a number of recipients

The distribution of food to the refugees was organized

The action of sharing something out among a number of recipients

Inflation

Title: Inflation

Pronunciation : /ɪnˈfleɪʃ(ə)n/  

Part of speech : noun  

     Formal or informal: Can be both formal and informal          

     Countable or uncountable: Uncountable         

     Stress marks :ɪnˈfleɪʃ(ə)n          

     Synonym :price increase, cost rise        

     Opposite :deflation

 

A general increase in prices and fall in the purchasing value of money

Inflation has caused prices to rise

A general increase in prices and fall in the purchasing value of money

welfare

Title: welfare

Pronunciation: /ˈwɛlfɛə/

Part of speech: noun

Formal or informal: Can be both formal and informal

Countable or uncountable: Uncountable

Stress marks: ˈwɛlfɛə

Synonym: well-being, comfort

Opposite: poverty, hardship

 

The health, happiness, and fortunes of a person or group

The government provides welfare for those in need

The health, happiness, and fortunes of a person or group

Profit

Title: Profit

Pronunciation: /ˈprɒfɪt/

Part of speech: noun/verb

  Formal or informal: Can be both formal and informal

  Countable or uncountable: Countable (noun), Uncountable (verb)

  Transitive or intransitive: Transitive (verb)

  Stress marks: ˈprɒfɪt

  Synonym (noun): earnings, revenue, gain

  Synonym (verb): benefit, gain, make money

  Opposite (noun): loss, deficit

  Opposite (verb): lose, cost

 

(verb): obtain a financial advantage or benefit

(verb): They hope to profit from the new investment

(verb): obtain a financial advantage or benefit

Balance

Title: Balance

Pronunciation: /ˈbaləns/

Part of speech: noun/verb

  Formal or informal: Can be both formal and informal

  Countable or uncountable: Countable (noun), Uncountable (verb)

  Transitive or intransitive: Transitive (verb)

  Stress marks: ˈbaləns

  Synonym (noun): stability, equilibrium, symmetry

  Synonym (verb): stabilize, steady, level

  Opposite (noun): imbalance, instability

  Opposite (verb): unbalance, destabilize

 

(noun): an even distribution of weight enabling someone or something to remain upright and steady

(noun): She lost her balance and fell

(noun): an even distribution of weight enabling someone or something to remain upright and steady

(verb): keep or put (something) in a steady position so that it does not fall

(verb): He balanced the books at the end of the month

(verb): keep or put (something) in a steady position so that it does not fall

Bank statement

Title: Bank statement

Pronunciation: /bæŋk ˈsteɪtmənt/

Part of speech: noun

Formal or informal: Can be both formal and informal

Countable or uncountable: Countable

Stress marks: bæŋk ˈsteɪtmənt

Synonym: account summary, financial record



a summary of all transactions that have occurred in a bank account over a specific period of time

She reviewed her bank statement to check for any errors

a summary of all transactions that have occurred in a bank account over a specific period of time

Collapse

Title: Collapse

Pronunciation: /kəˈlæps/

Part of speech: verb/noun

  Formal or informal: Can be both formal and informal

  Countable or uncountable: Countable (noun), Uncountable (verb)

  Transitive or intransitive: Intransitive

  Stress marks: kəˈlæps

  Synonym (verb): fall, crumble, fail

  Synonym (noun): breakdown, failure, ruin

  Opposite (verb): stand, succeed, rise

  Opposite (noun): success, recovery

 

(verb): to fall down or give way suddenly; to fail suddenly and completely

(verb): The building collapsed after the earthquake

(verb): to fall down or give way suddenly; to fail suddenly and completely

(noun): a sudden failure or breakdown; a complete breakdown of someone’s mental health

(noun): His collapse was unexpected

(noun): a sudden failure or breakdown; a complete breakdown of someone’s mental health

Decrease

Title: Decrease

Pronunciation: /dɪˈkriːs/

Part of speech: verb/noun

  Formal or informal: Can be both formal and informal

  Countable or uncountable: Countable (noun), Uncountable (verb)

  Transitive or intransitive: Transitive/Intransitive

  Stress marks: dɪˈkriːs

  Synonym (verb): reduce, lessen, diminish

  Synonym (noun): reduction, decline, drop

  Opposite (verb): increase, grow, expand

  Opposite (noun): increase, growth, expansion

 

(verb): to make or become smaller or fewer in size, amount, intensity, or degree

(verb): They decided to decrease the budget for next year

(verb): to make or become smaller or fewer in size, amount, intensity, or degree

(noun): an instance of becoming smaller or fewer

(noun): There has been a decrease in sales this quarter

(noun): an instance of becoming smaller or fewer

Loss

Title: Loss

Pronunciation: /lɒs/

Part of speech: noun

Formal or informal: Can be both formal and informal

Countable or uncountable: Countable

Stress marks: lɒs

Synonym: defeat, failure, deprivation

Opposite: gain, profit, victory

Definition: the fact or process of losing something; the feeling of grief after losing something

valuable; a business that operates at a loss is spending more money than it is earning

 

 

Example

The company suffered a huge loss last quarter

Example

Analyst

Title: Analyst

Pronunciation : /ˈænəlɪst/  

Part of speech : noun  

Formal or informal :Can be both formal and informal         

Countable or uncountable: Countable               

Stress marks :ˈænəlɪst         

Synonym :expert, specialist       

    

A person who conducts analysis

The financial analyst predicted the market trends

A person who conducts analysis

Banker

Title: Banker

Pronunciation : /ˈbæŋkə/  

Part of speech : noun    

Formal or informal Can be both formal and informal         

Countable or uncountable: Countable             

Stress marks: ˈbæŋkə         

Synonym :financier       

    

A person who works in banking

The banker helped me with my mortgage application

A person who works in banking

To price

Title: To price

Pronunciation : /tu praɪs/  

Part of speech : verb  

Formal or informal :Can be both formal and informal               

Transitive or intransitive: Transitive         

Stress marks :tu praɪs         

Synonym :value, cost       

Opposite :undersell

 

To determine the price of something

They are pricing the new product

To determine the price of something

To purchase

Title: To purchase

Pronunciation : /tu ˈpɜrtʃəs/  

Part of speech : verb       

Formal or informal :Can be both formal and informal               

Transitive or intransitive: Transitive         

Stress marks :tu ˈpɜrtʃəs         

Synonym: buy, acquire       

Opposite: sell

 

To buy something

We will purchase new equipment for the office

To buy something

Rate

Title: Rate

Pronunciation : /reɪt/  

Part of speech : noun/verb  

Formal or informal Can be both formal and informal       

Countable or uncountable: Countable       

Transitive or intransitive :Transitive       

Stress marks reɪt       

Synonym (noun) : level, standard      

Synonym (verb) : evaluate, assess      

      

 

(noun) : a measure, quantity, or frequency typically measured over a specified period of time

(noun) : The exchange rate is favorable

(noun) : a measure, quantity, or frequency typically measured over a specified period of time

(verb) : assign a standard or value to something according to a particular scale

(verb) : They will rate the performance

(verb) : assign a standard or value to something according to a particular scale

Rip-off

Title: Rip-off

Pronunciation : /rɪp’ɒf/  

Part of speech : noun/adjective  

Formal or informal Can be both formal and informal       

Countable or uncountable: Countable         

Stress marks rɪp’ɒf       

Synonym (noun) : scam, swindle  

Synonym (adjective) : overpriced, worthless    

(noun) : an act of cheating someone by charging too much for something

(noun) : That store is a rip-off

(noun) : an act of cheating someone by charging too much for something

(adjective) : used to describe something that is not worth what is paid for it

(adjective) : They bought a rip-off product

(adjective) : used to describe something that is not worth what is paid for it