Glossary Account - an agreement in which a bank looks after your money.
Asset - something such as money or property that a person or company owns.
Agribusiness - big business connected to agriculture, either owning or operating large scale farms, or catering to those who do.
Cash - money in the form of notes and coins.
Cooperation- a situation in which people or organizations work together to achieve a result that will benefit all of them.
Credit-an arrangement to receive goods from a shop or money from a bank and pay for it later.
Currency - the system of money used in a particular country.
Customer - a person or company that buys goods or services.
Debit - 1) an amount of money taken from a bank account;
2) an amount of money that you owe, especially when it is recorded in a company’s account or on a bank statement.
Devaluation - an official reduction in the value of a country’s money
Dumping - selling goods at less than their normal price, especially in the export market as a means of securing a monopoly.
Demand - The amount of a good or service that consumers are willing to buy at a particular price.
Depression – The intentional or deliberate lowering of a currerncy`s value compared to another country`s currency or a standard value.
Endowment - the act of giving money to a school, hospital, or other institution.
Export – to sell and send goods to another country.
Exporter – a person, company or country that sells goods to another country.
Exchange – the process of changing an amount of one CURRENCY ( the money used in one country ) for an equal value of another.
Economist – a person who studies or writes about economics.
Fund - 1) an amount of money that you collect, save, or invest; 2) a financial organization that manages an amount of money by investing it; funds pl money.
Finance company – a company that lends money to people or business.
Financial aid – money that is given or lent to students at a university or college who cannot pay the full cost of their education.
Fixed costs – the costs that a business must pay that do not change even if the amount of work produced changes.
Financial year –a period of twelve months over which the accounts and taxes of a company or a person are calculated.
Grant – an amount of money that the government or an
organization gives you for a specific purpose and does not
ask you to pay back.
Government spending –the total amount of money that the government spends in a particular period.
Gross domestic product – a measure of the economic production of particular territory. In financial capital terms over a specific time period.
Gross national product – The total market value of all the goods and services produced by a nation ( citizens of a country, whether living at home or abroad ) during a specified period.
Income money –that someone gets from working or from investing money.
Interest money – that a person or institution such as a bank charges
you for lending you money or money that you receive
from an institution such as a bank when you keep money
in an account there.
Investment – 1) money used in a way that may earn you more money,
for example money used for buying property or shares in a
company; 2) the process of spending money in order to
improve something or make it more successful.
Inflation –An increase in the general level of prices or in the cost of living.
Income tax – A tax levied on earned and unearned income, net of allowed deductions.
Loan - an amount of money that a person, business, or company
borrows, especially from a bank.
Mortgage - a legal agreement in which you borrow money from a bank in order to buy a house.
Premises - the buildings and land that a business or organization uses.
Price – the amount of money that you have to pay in order to buy something.
Profit – money that you make by selling something or from your business, especially the money that remains after you have paid all your business costs.
purchase the process of buying something or something that you buy.
Recession –a period when trade and industry are not successful and there is a lot of unemployment.
Share – one of the equal parts of a company that you can buy as a way of investing money.
Trade – the activities of buying and selling goods or services.
Transaction – the action or process of buying or selling something.
Trust - an organization that manages money or property so that it
can help other people or organization.
