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Specific English Vocabulary for Money: 01
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Accounting:
The process of recording and classifying financial transactions.
Amortization:
The process of paying off a debt over time.
Asset:
Anything that has value and can be sold.
Balance sheet:
A financial statement that shows a company’s assets, liabilities, and equity.
Bankruptcy:
When a person or business declares that they are unable to pay their debts.
Compound:
To add interest to the principal of a loan.
Borrow:
To take money from a lender.
Lend:
To give money & expect it to be repayed.
To improve your money knowledge and English vocabulary.
Here are 5 money-related words and definitions:
Account:
A record of financial transactions.
Accounting:
The process of recording, classifying, and summarizing financial transactions.
Accrue:
To accumulate over time.
Accumulate:
To gather or collect.
Advance:
A loan or payment made before it is due.
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© 2022 created by David Alalade | david1venice@yahoo.co.uk
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