Money Vocabulary
Counterfeit Money – currency produced without the legal sanction of the State or government, usually in a deliberate attempt to imitate that currency.
Sentence – The highway authority in Anhui province launched a campaign against counterfeit money, pitting toll gate workers against each other in a contest to distinguish real notes from fakes.
Debt – something, especially money, that is owed to someone else, or the state of owing something.
Sentence – They will eventually be able to claw back all or most of the debt.
Interest-Free Credit – charging no interest on money that has been borrowed.
Sentence – The machine gave good service for just over a year and then I bought my next one on interest-free credit.
Purchase – to buy something.
Sentence – The new couple spent some money for the purchase of the furniture necessary for their new house.
Partial Refund – when only part of the money is given back to the client.
Sentence – The ruling entitled objectors to a partial refund, based on the percentage of the overall fee that supported such activities.
Annuity – a fixed amount of money paid to someone every year, usually until their death, or the insurance agreement or investment that provides the money that is paid.
Sentence – Given that annuity markets are imperfect, people may leave substantial estates even though they have no altruistic feelings towards their heirs.
Public Money – any funds or money obtained by the holder from any governmental entity.
Sentence – Nearly ￡1 billion of public money and over ￡4 billion of private money has gone into Docklands since 1981.
Income – money that is earned from doing work or received from investments.
Sentence – This latest cut in government spending will affect income support recipients and their families.
Non-Refundable – used to describe money that you pay that you cannot get back.
Sentence – The school bus fee is non-refundable and non-transferable, except in the situation where the school cancels the service.
Duty-Free Store – a store, for example, in an airport, that sells goods without charging the tax that would normally be added to their price.
Sentence – There is a tax exemption when you buy perfume at the duty free store.
Distribution Costs – the sum total of all those expenses which are incurred by the producer of a product in order to make possible the delivery of the product from its location to the location of the end customer.
Sentence – The model considers the impact of the perish ability as part of the overall distribution costs and a heuristic approach, based on the tabu search is used to solve the problem.
Finance Department – Finance Department is the part of an organization that is responsible for acquiring funds for the firm, managing funds within the organization and planning for the expenditure of funds on various assets.
Sentence – Finance Department of college not only hides enormous non-physical assets, but also has geographical advantage. So we have no reason to develop and utilize it as practical base.
Family Finances – Monies, usually in the form a loan, that a business owner gets from either family members or friends in order to help finance their startup or growing business.
Sentence – About 1843, he began concentrating on the practice of law, a decision that brought some stability to the family finances and enabled him to have a house built.
