Understanding Financial Vocabulary: Key Terms and Concepts
This guide covers essential financial vocabulary to enhance your understanding of money-related concepts. Learn the meanings of terms like "appreciate," which indicates an increase in value, and "bankrupt," referring to a state of having no money. Discover other terms such as "budget," "contribute," and "extravagant," and understand their relevance in everyday financial situations. Additionally, we address terms related to economic conditions, like "poverty" and the importance of frugality. This resource is designed to help you navigate the financial landscape more effectively.
Understanding Financial Vocabulary: Key Terms and Concepts
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Presentation Transcript
Vocabulary Group 5
appreciateuh pre she ate V money 1) to increase in value or 2) to recognize the value of The value of the bracelet appreciated to double its original cost.
bankruptbangkrupt A Money having no money The local grocery store went bankrupt due to lack of customers.
budgetbuh jet N money a plan for spending money within a certain time frame The family’s budget helped them save up for a vacation.
contributekun tribbuoot V money to give (money, time, knowledge, or assistance) Everyone on the team contributed time and energy to the project.
extravagantikstra vi gunt A money excessive or unreasonable Santa always brings me extravagant and outlandish gifts.
feefe N money the charge for services My doctor charges a fee of $25 for each visit.
frugalfroo-guhl A MONEY economical or penny-pinching The frugal woman only bought clothes that were on sale.
invaluablein valyuhbuhl A money priceless My phone is invaluable to me; I don’t know what I would do without it.
povertypahver tee N money the condition of being poor During the Great Depression, many people lived in poverty.
