Words related to wealth or the lack of it are commonly used in the world of business and the media The details of economic events and financial transactions are important for everyone to comprehend The words in this lesson will help you understand wealthrelated issues ID: 649948
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Vocabulary Lesson 9: Wealth and Poverty
Words related to wealth or the lack of it are commonly used in the world of business and the media. The details of economic events and financial transactions are important for everyone to comprehend. The words in this lesson will help you understand wealth-related issues.Slide2
Austerity
Severe and rigid restrictions, especially those brought about by difficult economic times
The quality of lacking luxury or ornamentation
The quality of being severe or stern in appearance or mannerSlide3
Depreciate
To decrease or cause to decrease in value or priceSlide4
Equity
Net value; the value of a business or property minus debt owed
Property value
- Mortgage owed
= Equity (net value)
http://www.investopedia.com/video/play/what-is-equity
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Fairness; justiceSlide5
Frugal
Economical; thrifty; careful or strict in avoiding unnecessary spendingSlide6
Indigent
Extremely poor; impoverished; lacking basic necessities
Bread line during The Great DepressionSlide7
Munificent
Generous; liberal in giving
https://
www.youtube.com/watch?v=rFrvIK3BzD8
Slide8
Pecuniary
Having to do with money (finances)Slide9
Recession
A general decline in business activity
The act of withdrawing or going backSlide10
Remunerate
To pay for goods provided, services rendered, or losses incurred; to compensate for
Breaking Bad: “Better call Saul”
https://www.youtube.com/watch?v=3F2oO98C6Nw&list=PLw2w9PIWLB8bQBW8rZiyDQ_dQkQpAdlb0&index=4
Slide11
Solvent
Capable of meeting financial obligations; able to pay debts