OpenQuiz

Money and finance – English vocabulary

12 words · English vocabulary · Created by Openquiz Team

12 English words with meanings: accounting, audit, balance, borrow, budget… Study them with flashcards, quizzes and AI speaking practice on OpenQuiz.

Part of the learning path: 600 Essential Words for the TOEIC Exam

Word list

  1. accounting /ə'kaʊntɪŋ/ (noun) — work of recording money
    Example: He works in the accounting department of a large company.
    Synonyms: bookkeeping, finance
  2. audit /'ɔ:dɪt/ (verb) — to check accounts
    Example: The firm will conduct an annual audit of its financial records.
    Synonyms: inspection, review, examination
  3. balance /'bæləns/ (noun) — the amount of money in an account
    Example: He tries to keep a good balance between work and family life.
    Synonyms: equilibrium, stability, harmony
  4. borrow /'bɑ:roʊ/ (verb) — to take and use money and pay back later
    Example: Can I borrow your pen for a moment?
    Synonyms: take temporarily, use, lend (opposite sense)
  5. budget /'bʌdʒɪt/ (noun, verb) — a money plan; to plan spending
    Example: We need to set a budget before planning the trip.
    Synonyms: financial plan, spending plan, allocation
  6. charge /tʃɑ:rdʒ/ (noun, verb) — a fee; to ask someone to pay a price
    Example: The hotel will charge an extra fee for late check-out.
    Synonyms: fee, cost, price
  7. compensate /'kɑ:mpenseɪt/ (verb) — to give something to make up for a loss
    Example: The company will compensate customers for the delay.
    Synonyms: reimburse, repay, make up for
  8. debt /det/ (noun) — money you owe
    Example: He is trying to pay off his credit card debt.
    Synonyms: liability, obligation, arrears
  9. deduct /dɪ'dʌkt/ (verb) — to take away
    Example: The company will deduct taxes from your monthly salary.
    Synonyms: subtract, remove, take away
  10. down payment /daʊn 'peɪmənt/ (noun) — money paid first as a guarantee
    Example: We made a down payment before moving into the new apartment.
    Synonyms: deposit, advance payment, initial payment
  11. equivalent /ɪ'kwɪvələnt/ (noun/adjective) — something of equal value
    Example: Ten dollars is roughly equivalent to nine euros.
    Synonyms: equal, comparable, similar
  12. expense /ɪk'spɛns/ (noun) — money spent on something
    Example: Traveling abroad can be a major expense.
    Synonyms: cost, expenditure, outlay

This page in other languages