Business Finance Vocabulary

noun an internal tax imposed on the production, sale, or consumption of a commodity within a country

verb to impose an excise on

• The government decided to excise certain items from the budget in order to reduce spending.
• I heard they're going to excise some unnecessary expenses from the budget.
• They're gonna cut out some stuff from the budget to excise the waste.
• Sometimes we need to excise toxic people from our lives in order to move forward.

noun General Practitioner

• The GP prescribed me some medication for my cold.
• I have an appointment with my GP next week.
• I need to see my GP about this rash.
• The GP of the company is responsible for overseeing all operations.

noun a person or organization that gives a guarantee, typically to pay a debt if the original debtor does not

• The guarantor of the loan must meet certain financial criteria.
• My dad agreed to be my guarantor for the apartment lease.
• I'll be your guarantor, no worries!
• In this story, the wise old owl serves as the guarantor of knowledge.

adjective indebted is an adjective that describes someone who owes money or gratitude to someone else.

• I am indebted to you for your generous donation to the charity.
• I feel so indebted to my best friend for always being there for me.
• I owe you big time for covering my shift at work, I'm totally indebted to you.
• Her captivating performance left the audience feeling emotionally indebted to her talent.

noun a list of goods or services provided with a statement of the sum due

verb none

adjective none

adverb none

pronoun none

preposition none

conjunction none

interjection none

article none

• Please make sure to send the invoice to the accounting department for processing.
• Hey, don't forget to shoot over the invoice so we can get paid.
• I'll need that invoice ASAP, so we can settle up.
• The invoice served as a reminder of the debt owed in more ways than one.

noun place or stead; in place of; instead

preposition in place of; instead of

• The meeting will take place at the designated lieu.
• Let's meet at the usual spot instead of changing the lieu.
• I'm down to hang out at that new lieu downtown.
• In lieu of flowers, donations can be made to the charity of your choice.

noun a medium of exchange in the form of coins and banknotes

adjective relating to or consisting of money

• The company is currently focused on raising money for their new project.
• I need to save up some money before going on vacation.
• I can't go out tonight, I'm low on money.
• Time is money, so let's not waste any more of it.

noun an instance of overwhelming, spreading, or occupying in a rapid or uncontrollable manner

verb to spread over or occupy in a rapid or uncontrollable manner

• The city was overrun by a horde of invading soldiers.
• The party was so crowded, it felt like we were overrun with people.
• The mall was totally overrun with teenagers on Friday night.
• Her emotions were so intense, they seemed to overrun her rational thoughts.

verb to spend more money than is available or than is considered appropriate

• It is important for individuals to track their expenses to avoid overspending.
• I always overspend when I go shopping with my friends.
• I tend to splurge and overspend whenever I see a sale.
• His generosity knows no bounds, often leading him to overspend on gifts for others.

verb to pay someone for services rendered or work done

• The company promised to remunerate their employees fairly for their hard work.
• I hope they remunerate us well for the overtime we put in.
• I'm gonna need them to remunerate me big time for this gig.
• Kindness and gratitude are forms of remuneration that money can't buy.

noun A thing that is needed or necessary; a necessary condition

• The company's policy states that meeting the dress code is a requirement for all employees.
• You gotta follow the rules and wear the uniform, it's a requirement here.
• Dude, you gotta be dressed to impress, it's a must-do around here.
• In order to succeed, dedication and hard work are the requirements for reaching your goals.

noun a separate person or thing

adjective existing or considered independently

adverb in a separate or distinct manner

• The two experiments were conducted separately to ensure accurate results.
• Let's meet separately to discuss our individual contributions.
• We should chill separately tonight and catch up on our favorite shows.
• Their paths in life diverged, leading them to walk separately towards their dreams.

noun COC

• The Committee on Climate Change (COC) plays a crucial role in advising the government on environmental policies.
• I heard that the COC is meeting tomorrow to discuss the new sustainability initiatives.
• I can't believe the COC approved that project, it's such a waste of resources.
• In the game of politics, the COC is like the queen on a chessboard, making strategic moves to protect the environment.

noun a measure of how quickly a company is using up its cash reserves

• The company's burn rate is carefully monitored to ensure financial stability.
• We need to keep an eye on our burn rate to make sure we're not spending too much.
• Our burn rate is off the charts - we need to cut back on expenses.
• His burn rate for eating pizza is impressive - he can finish a whole pie in minutes.

noun A sum of money that is much larger than the other scheduled payments in a loan agreement.

• The borrower will have to make a large balloon payment at the end of the loan term.
• Watch out for that balloon payment at the end of the loan, it's a big one!
• That balloon payment is gonna hit you like a ton of bricks!
• The balloon payment looming ahead feels like a heavy weight on my shoulders.

noun four-wall profit: the amount of money a business makes after subtracting all expenses related to the physical location or 'four walls' of the establishment

• The company's financial report showed a significant increase in four-wall profit compared to last quarter.
• The store manager was thrilled to see the four-wall profit go up after implementing new sales strategies.
• We're killing it in terms of four-wall profit this year!
• His dedication to improving the store's operations really paid off in terms of four-wall profit.

noun the quality or state of being able to be received or accepted

• The receivability of the application will be determined by the admissions committee.
• Whether or not you get in depends on the receivability of your application.
• Your chances of getting accepted hinge on how receivable your application is.
• The receivability of her message was crystal clear to everyone in the room.

noun a financial institution that specializes in accepting bills of exchange and promissory notes in order to facilitate international trade

• The acceptance house provided a safe and supportive environment for individuals in recovery.
• I heard that the acceptance house is a great place to get help for addiction.
• The acceptance house is like a home away from home for those struggling with substance abuse.
• To me, the acceptance house represents a beacon of hope for those seeking a fresh start.

noun a bill of exchange that is accepted by a bank on behalf of a customer

• The accommodation bill for the conference attendees was settled by the company.
• We split the accommodation bill for the weekend getaway.
• I'll cover the accom bill for the hotel room.
• Paying the accommodation bill symbolizes our commitment to hospitality.

noun a word that refers to a person, place, thing, event, substance, or quality

• The accounting equation, assets = liabilities + equity, must always balance in financial statements.
• You always have to make sure the accounting equation adds up correctly in the books.
• The accounting equation is like the math problem that never goes away in accounting.
• Think of the accounting equation as the scales of justice for your company's financial health.

noun a record or statement of financial expenditure or receipts relating to a particular period or purpose

verb to consider or regard in a specified way

• The company's financial accounts need to be audited annually.
• I need to check my bank accounts before making any big purchases.
• I can't believe she hacked into his social media accounts!
• His reckless behavior on the road could be seen as settling old accounts.

noun a liability account in a general ledger representing the company's obligation to pay suppliers or vendors for goods or services purchased on credit

• The accounts payable department is responsible for managing the company's outstanding invoices.
• I need to check with accounts payable to see if my expense report has been processed yet.
• I heard accounts payable is swamped with work this week.
• In the grand scheme of things, keeping track of accounts payable is like balancing a never-ending stack of plates.

noun a liability that has been incurred but not yet paid

adjective accrued (accumulated or added over time) is describing the type of liability

• The company's accrued liability for employee benefits increased significantly this quarter.
• The amount the company owes for employee benefits went up a lot this quarter.
• The company's tab for employee benefits really piled up this quarter.
• The weight of the company's accrued liability is starting to feel heavy on their balance sheet.

adjective characterized by gradual accumulation or growth

• The company's success was a result of the accumulative efforts of all its employees.
• The savings account grows through accumulative interest over time.
• I can't believe the accumulative amount of homework we have this week.
• The accumulative weight of her responsibilities was starting to take its toll on her.

noun a French term meaning 'on account' or 'on credit', typically used in financial contexts

• Il a effectué un paiement à compte pour sécuriser sa réservation.
• Elle a décidé de verser un acompte pour réserver sa place.
• J'ai mis un petit acompte pour bloquer la date.
• Investir dans ce projet est un acompte sur notre avenir.