Money and finance

In this Vocabulary Lesson about Money and Finance, you will learn a wide range of terms and expressions that are essential for discussing personal and business financial matters effectively. Check the pictures and read the texts and definitions below.

bill is a printed statement showing the money you owe for services, goods.
fee is a fixed price you pay a person or organization for their services.
Expenses are the money that a person or company has to pay for goods or services, such as food and bills.
Revenue is the total amount of money made by an organization’s operations over a given period
income is the money that remains from the revenue after all the taxes and expenses have been deducted.
Funding is money given to finance a specific project or purpose, which can come from various sources like governments, organizations, or investors.
A grant is a type of funding that is typically given by a government or organization for a specific purpose, such as education and does not need to be repaid.
A budget is the amount of money that you have available to spend.
An installment is one of a number of payments of a fixed amount paid for goods or services over a specific period of time.
A lump sum is a single payment that is made at a given time instead of paying in installments..
A mortgage is a particular kind of loan specifically for purchasing property, such as a house or apartment.
interest rate is the percentage charged by the lender for the loan, which influences the total amount that will be repaid over time.
The cost of living refers to the amount of money needed for basic necessities like housing, food, taxes, and healthcare.
The standard of living, on the other hand, is the general level of wealth and comfort of people in a specific society.
A bargain is an item offered for sale at a lower price than expected.
A rip-off is something that you buy that was too expensive for the quality you got.

Adjectives and modifiers

Worthless means without value, so something that is worthless is worth nothing.
Good value, on the other hand, means something is of good quality or abundant and therefore well worth the money you spend on it.
frugal are careful or economical with money and don’t overspend
prodigal spend money carelessly on unnecessary things.
cheap, stingy, or tight-fisted is mean with their money and tries to spend as little as possible.
Affluent and well-off are both adjectives that mean financially comfortable or wealthy.
Loaded has a similar meaning, but is much stronger and means extremely rich.
Broke, skint, penniless, and bankrupt are all ways of saying someone has no money.
Being bankrupt is slightly more serious, however, as it means one is legally recognised as being unable to pay off their debts.
in the red, on the other hand, they have spent more money than was in their account and therefore owe money to the bank.

Verbs, phrasal verbs and verb phrases

invest money in something (e.g., shares, a financial scheme, or a business venture), you put money into it in the hope of making more money from it.
save up money, you accumulate it for a specific future purpose.
Set aside is similar to save up, and when you set money aside, you put money aside for a particular thing.
put down a deposit, you make an initial basic payment for something, such as a house or a course, with the intention of paying the rest later or in installments.
make a profit, you get more money than you invested in something.
make a loss, however, you make less money from it than you invested.
go broke, you spend all your money and end up without any, and if you go bankrupt, you declare yourself broke in the eyes of the law.
live off another person, you depend on them financially.
breaks the bank, you use all or most of your money to get it, so you don’t have any left.
A buck is a slang word for a dollar.
make a fast buck, you make money quickly, and often unscrupulously, from something.
haggle with someone, you negotiate a lower price for something with a seller.
make ends meet, you earn just enough money to live and pay for your basic needs.