Unit 14 Money and happiness | Baamboozle - Baamboozle

there is a direct correlation between ... and

about the direct connection between ... and ...

do little to increase happiness

do not try hard to contribute to felicity

lift people out of abject poverty

to help people overcome horrific financial position

tackle a question

to deal with this issue

look for the answer to the eternal question

to try to get to the bottom of some fundamental questions that have been asked since the beginning of time

treasure valuables

important or expensive items

take a moral stand

to follow some moral standard

compromise one's principles

to give up on one's attitudes

attach importance to one's beliefs

consider one's values most significant

adhere to a strict ethical code

to stick to some precise set of rules about what is right and wrong

accuse someone of being moralistic

blame this person for having or showing strong opinions about what is right and what is wrong

unprincipled

without moral principles

principled

having high moral standards

system of ethics

a set of standards governing the conduct of a person or the members of some group

traditional values

refer to those beliefs, moral codes, and customsthat are passed down from generation to generation within a culture, subculture or community

standards of behaviour

rules that specify what members can and can't do on the site

set of principles

an organized scheme or method

valueless objects

having no value

invaluable objects

of geat value

moral stand

one's position regarding moral issues

ethics

rules provided by an external source

individual morals

an individual's own principles regarding right and wrong (personal morals)i

moral standards

principles that reflect beliefs about what is ethical and what is unethical

savings plan

a step-by-step approach for putting money aside in savings

savings account

a bank account that earns interest

price range

the spread between the highest and lowest price line offered for sale

price cut

a reduction in price

income tax

a tax on people's earnings

income statement

a financial statement showing the revenue and expenses for a fiscal period.

income bracket

income group, i.e. a group earning a particular amount of money

finance director

another name for chief financial officer (CFO)

finance department

the part of an organization that manages its money

expenditure pattern

trend in consumer spending that can be observed over time

expenditure cut

reducing the expenses

debt mountain

a heavy burden of debt

debt collector

a person or company hired by a creditor to collect the overdue balance on an account

debt collection

process of aggressively pursing payments of debts owed by individuals or businesses

debt burden

the responsibility of having to pay back a lot of money

currency speculation

purchase or sale of a currency with the expectation that its value will change and generate a profit

currency fluctuation

changing of the value of a currency

currency conversion

the exchange of one currency for another based on the rate of exchange between the two

credit transfer

transferring money from one account to another electronically

credit terms

the payment terms of purchase or sale as stated on the invoice

credit limit

the maximum amount that you may charge on your credit account

credit facilities

arrangements for paying for goods or services at a later time, usually paying interest as well as the original amount

credit agreement

contract that stipulates repayment terms for credit cards

cash payment

any type of transaction involving the payment of cash

cash reserves

cash and other liquid assets such as demand deposits or treasury bills that an individual possesses

cash settlement

the cash value of the underlying asset (rather than the asset itself) is delivered to satisfy the contract

cash limit

maximum amount of cash that can be withdrawn by cardholders

cash flow

the difference between cash coming in and cash going out of a business

cash crop

a crop that is grown mainly to be sold, rather than used by the people who grew it or those living in the area it is grown in

cash crisis

a situation in which a company, country, etc. does not have enough money available to do the things it usually does

investment income

the result of earnings from dividends, interest, and rent

family income

the total amount of monetary income brought in by all members of a family unit

capital income

any form of payment that derives from owning physical or financial capital

household finances

the way we manage the family spending

government finance

similar to corporate finance but in a government organization

welfare expenditure

government spending on aid to the poor

public expenditure

government spending on public services and payments such as pensions

government expenditure

the market value of government purchases of goods and services

education expenditure

the public expenditure on education as a percent of GDP

consumer expenditure or spending

the total amount spent by consumers on newly produced goods and services (excluding purchases of new homes, which are considered investment goods)

money market

a market in which money is lent for periods of one year or less

money management

planning how to get the most from your money

money laundering

engaging in financial transactions to conceal the identity, source, or destination of illegally gained funds

counterfeit money

fake money