Money and shopping

Lesson 5

Tax

Title: Tax

Pronunciation: /tæks/

Part of speech: noun and verb

Irregular spelling and irregular forms: none

Formal or informal: formal

Countable or uncountable: countable and uncountable (as a noun)

Transitive or intransitive: transitive (as a verb)

Stress marks: tæks (noun), tæks (verb)

Synonym (noun): duty, levy 

Opposite (noun): rebate, refund 

Synonym (verb): levy 

Opposite (verb): exempt

a compulsory contribution to state revenue, levied by the government on workers’ income

The government collects taxes to fund public services

a compulsory contribution to state revenue, levied by the government on workers’ income

Value

Title: Value

Pronunciation: /ˈvælju/

Part of speech: noun and verb 

Irregular spelling and irregular forms : none 

Formal or informal : formal 

Countable or uncountable : countable and uncountable (as a noun) 

Transitive or intransitive : transitive (as a verb) 

Stress marks : ˈvælju 

Synonym (noun) : worth 

Opposite (noun) : worthlessness 

Synonym (verb) : assess 

Opposite (verb) : devalue

the regard that something is held to deserve; the importance, worth, or usefulness of something

The antique vase has both aesthetic and monetary value

the regard that something is held to deserve; the importance, worth, or usefulness of something

Expense

Title: Expense

Pronunciation : /ɪkˈspɛns/ 

Part of speech : noun 

Irregular spelling and irregular forms : none 

Formal or informal : formal 

Countable or uncountable : countable and uncountable 

Transitive or intransitive : intransitive 

Stress marks : ɪkˈspɛns 

Synonym : cost 

Opposite : income

the cost required for something; the money spent on something

The company had to cut expenses in order to stay profitable

the cost required for something; the money spent on something

Donate

Title: Donate

Pronunciation : /dəˈneɪt/ 

Part of speech : verb 

Irregular spelling and irregular forms : none 

Formal or informal : formal 

Countable or uncountable : countable 

Transitive or intransitive : transitive 

Stress marks : dəˈneɪt 

Synonym : contribute 

Opposite : withhold 

 

give (money or goods) for a good cause, for example to a charity

Many people choose to donate to humanitarian causes during times of crisis

give (money or goods) for a good cause, for example to a charity

Debt

Title: Debt

Pronunciation : /dɛt/ 

Part of speech : noun 

Irregular spelling and irregular forms : none 

Formal or informal : formal 

Countable or uncountable : countable and uncountable 

Transitive or intransitive : intransitive 

Stress marks : dɛt 

Synonym : obligation 

Opposite : credit 

 

something, typically money, that is owed or due

He was struggling with a large amount of debt

something, typically money, that is owed or due

Credit

Title: Credit

Pronunciation : /ˈkrɛdɪt/ 

Part of speech : noun and verb 

Irregular spelling and irregular forms : none 

Formal or informal : formal 

Countable or uncountable : countable and uncountable (as a noun) 

Transitive or intransitive : transitive (as a verb) 

Stress marks : ˈkrɛdɪt (noun), krɛdɪt (verb) 

Synonym (noun) : trustworthiness, recognition 

Opposite (noun) : debit, discredit  

Synonym (verb) : acknowledge 

the ability of a customer to obtain goods or services before payment

The bank approved her for a line of credit. She received credit for her contributions to the project

the ability of a customer to obtain goods or services before payment

Lend

Title: Lend

Pronunciation : /lɛnd/  

Part of speech : verb  

Irregular spelling and irregular forms : lent (past tense and past participle)  

Formal or informal : formal  

Countable or uncountable : countable  

Transitive or intransitive : transitive  

Stress marks : lɛnd  

Synonym : loan  

Opposite : borrow  

 

allow someone to use (something that one possesses) with the intention of giving it back

She agreed to lend me her car for the weekend

allow someone to use (something that one possesses) with the intention of giving it back

Borrow

Title: Borrow

Pronunciation : /ˈbɒroʊ/  

Part of speech : verb  

Irregular spelling and irregular forms : borrowed (past tense and past participle)  

Formal or informal : formal  

Countable or uncountable : countable  

Transitive or intransitive : transitive  

Stress marks : ˈbɒroʊ  

Synonym : take on loan  

Opposite : lend 

take and use (something that belongs to someone else) with the intention of returning it

Can I borrow your pen for a moment?

take and use (something that belongs to someone else) with the intention of returning it

Checkout

Title: Checkout

Pronunciation : /ˈtʃɛkaʊt/  

Part of speech : noun and verb  

Irregular spelling and irregular forms : none  

Formal or informal : informal  

Countable or uncountable : countable  

Transitive or intransitive : intransitive  

Stress marks : ˈtʃɛkaʊt  

Synonym (noun) : payment desk  

Opposite (noun) : check-in  

Synonym (verb) : pay for  

Opposite (verb) : return 

the action of leaving a hotel after paying one’s bill; proceed to pay for goods at a counter

We waited in line at the checkout to pay for our groceries

the action of leaving a hotel after paying one’s bill; proceed to pay for goods at a counter

Goods

Title: Goods

Pronunciation : /ɡʊdz/  

Part of speech : noun  

Irregular spelling and irregular forms : none  

Formal or informal : formal  

Countable or uncountable : countable and uncountable  

Transitive or intransitive : intransitive  

Stress marks ɡʊdz  

Synonym  merchandise, possessions

merchandise or possessions; beneficial qualities; that which is morally right

The store sells a variety of goods, including clothing and electronics

merchandise or possessions; beneficial qualities; that which is morally right

Luxury

Title: Luxury

Pronunciation: /ˈlʌkʃəri/

Part of speech: noun

Irregular spelling and irregular forms: none

Formal or informal: formal

Countable or uncountable: uncountable

Transitive or intransitive: intransitive

Stress marks: ˈlʌkʃəri

Synonym: opulence

Opposite: necessity

a state of great comfort or elegance, especially when involving great expense

She enjoyed the luxury of staying in a five-star hotel

a state of great comfort or elegance, especially when involving great expense

Overpriced

Title: Overpriced

Pronunciation: /ˌoʊvərˈpraɪst/

Part of speech: adjective

Irregular spelling and irregular forms: none

Formal or informal: informal

Countable or uncountable: countable

Transitive or intransitive: intransitive

Stress marks: ˌoʊvərˈpraɪst

Synonym: expensive

Opposite: affordable

too expensive; costing more than something is worth

The restaurant’s food was overpriced for the quality

too expensive; costing more than something is worth

Worth

Title: Worth

Pronunciation: /wɜrθ/

Part of speech: noun

Irregular spelling and irregular forms: none

Formal or informal: formal

Countable or uncountable: uncountable

Transitive or intransitive: transitive

Stress marks: wɜrθ

Synonym: value

Opposite: worthless

the value equivalent to that of someone or something under consideration

The painting was appraised at a worth of $10,000

the value equivalent to that of someone or something under consideration

Saving

Title: Saving

Pronunciation: /ˈseɪvɪŋ/

Part of speech: noun

Irregular spelling and irregular forms: none

Formal or informal: formal

Countable or uncountable: countable and uncountable

Transitive or intransitive: intransitive

Stress marks: ˈseɪvɪŋ

Synonym: economy

Opposite: spending

 

an economy of or reduction in money, time, or another resource

Making small changes can lead to significant savings over time

an economy of or reduction in money, time, or another resource

Production

Title: Production

Pronunciation: /prəˈdʌkʃən/

Part of speech: noun

Irregular spelling and irregular forms: none

Formal or informal: formal

Countable or uncountable: uncountable

Transitive or intransitive: intransitive

Stress marks: prəˈdʌkʃən

Synonym: manufacturing

Opposite: consumption

the action of making or manufacturing from components or raw materials

The company increased its production to meet the high demand

the action of making or manufacturing from components or raw materials

Possession

Title: Possession

Pronunciation: /pəˈzɛʃən/

Part of speech: noun

Irregular spelling and irregular forms: none

Formal or informal: formal

Countable or uncountable: uncountable

Transitive or intransitive: intransitive

Stress marks: pəˈzɛʃən

Synonym: ownership

Opposite: lack

 

the state of having, owning, or controlling something

The possession of illegal drugs is a criminal offense

the state of having, owning, or controlling something