Study

Unit 14 Money and happiness

  •   0%
  •  0     0     0

      Back   Restart
  • system of ethics
    a set of standards governing the conduct of a person or the members of some group
  • credit agreement
    contract that stipulates repayment terms for credit cards
  • savings account
    a bank account that earns interest
  • currency speculation
    purchase or sale of a currency with the expectation that its value will change and generate a profit
  • cash reserves
    cash and other liquid assets such as demand deposits or treasury bills that an individual possesses
  • household finances
    the way we manage the family spending
  • income tax
    a tax on people's earnings
  • debt collector
    a person or company hired by a creditor to collect the overdue balance on an account
  • principled
    having high moral standards
  • savings plan
    a step-by-step approach for putting money aside in savings
  • compromise one's principles
    to give up on one's attitudes
  • standards of behaviour
    rules that specify what members can and can't do on the site
  • expenditure cut
    reducing the expenses
  • currency conversion
    the exchange of one currency for another based on the rate of exchange between the two
  • government expenditure
    the market value of government purchases of goods and services
  • 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
  • education expenditure
    the public expenditure on education as a percent of GDP
  • counterfeit money
    fake money
  • cash payment
    any type of transaction involving the payment of cash
  • cash limit
    maximum amount of cash that can be withdrawn by cardholders
  • traditional values
    refer to those beliefs, moral codes, and customsthat are passed down from generation to generation within a culture, subculture or community
  • money laundering
    engaging in financial transactions to conceal the identity, source, or destination of illegally gained funds
  • credit terms
    the payment terms of purchase or sale as stated on the invoice
  • valueless objects
    having no value
  • welfare expenditure
    government spending on aid to the poor
  • price range
    the spread between the highest and lowest price line offered for sale
  • public expenditure
    government spending on public services and payments such as pensions
  • cash settlement
    the cash value of the underlying asset (rather than the asset itself) is delivered to satisfy the contract
  • credit facilities
    arrangements for paying for goods or services at a later time, usually paying interest as well as the original amount
  • lift people out of abject poverty
    to help people overcome horrific financial position
  • do little to increase happiness
    do not try hard to contribute to felicity
  • expenditure pattern
    trend in consumer spending that can be observed over time
  • adhere to a strict ethical code
    to stick to some precise set of rules about what is right and wrong
  • debt mountain
    a heavy burden of debt
  • individual morals
    an individual's own principles regarding right and wrong (personal morals)i
  • investment income
    the result of earnings from dividends, interest, and rent
  • currency fluctuation
    changing of the value of a currency
  • capital income
    any form of payment that derives from owning physical or financial capital
  • moral standards
    principles that reflect beliefs about what is ethical and what is unethical
  • treasure valuables
    important or expensive items
  • take a moral stand
    to follow some moral standard
  • moral stand
    one's position regarding moral issues
  • government finance
    similar to corporate finance but in a government organization
  • invaluable objects
    of geat value
  • finance department
    the part of an organization that manages its money
  • unprincipled
    without moral principles
  • family income
    the total amount of monetary income brought in by all members of a family unit
  • cash crisis
    a situation in which a company, country, etc. does not have enough money available to do the things it usually does
  • debt collection
    process of aggressively pursing payments of debts owed by individuals or businesses
  • cash flow
    the difference between cash coming in and cash going out of a business
  • attach importance to one's beliefs
    consider one's values most significant
  • income bracket
    income group, i.e. a group earning a particular amount of money
  • 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
  • money management
    planning how to get the most from your money
  • debt burden
    the responsibility of having to pay back a lot of money
  • credit transfer
    transferring money from one account to another electronically
  • money market
    a market in which money is lent for periods of one year or less
  • ethics
    rules provided by an external source
  • set of principles
    an organized scheme or method
  • income statement
    a financial statement showing the revenue and expenses for a fiscal period.
  • accuse someone of being moralistic
    blame this person for having or showing strong opinions about what is right and what is wrong
  • credit limit
    the maximum amount that you may charge on your credit account
  • price cut
    a reduction in price
  • finance director
    another name for chief financial officer (CFO)
  • 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)
  • there is a direct correlation between ... and
    about the direct connection between ... and ...
    • Your experience on this site will be improved by allowing cookies.