Finance Glossary

noun a sale of merchandise at reduced prices to get rid of excess inventory

verb to sell off merchandise at reduced prices to get rid of excess inventory

• The company decided to close out the project due to budget constraints.
• We need to close out the meeting and make a decision.
• Let's close out this conversation and move on to the next topic.
• It's time to close out this chapter of my life and start fresh.

verb to deny or renounce any claim, connection, or responsibility for something

• The company's legal team advised them to include a disclaimer in their product packaging to disclaim any liability.
• I always disclaim any responsibility when borrowing my friend's car.
• I disclaim any knowledge of what happened at the party last night.
• She disclaimed her previous beliefs and embraced a new way of thinking.

noun a false or misleading statement or account

• The company was accused of making a misrepresentation in their financial statements.
• He got in trouble for misrepresenting his qualifications on his resume.
• She's always trying to pull a fast one with her misrepresentations.
• His painting was a misrepresentation of the true beauty of the landscape.

adjective describing something that occurs without prior intention or preparation

• The unplanned meeting with the client turned out to be quite productive.
• We ended up having an unplanned picnic in the park.
• I can't believe we ran into each other at that unplanned party!
• Life is full of unplanned events that shape our journey.

noun a consequence of an industrial or commercial activity which affects other parties without this being reflected in the cost of the goods or services involved

• The economic model takes into account the externalities associated with production.
• When discussing pollution, we need to consider the externalities it creates.
• Hey, did you think about the side effects of that decision? Those are the externalities.
• In life, every action we take has externalities that ripple out beyond ourselves.

noun RTC - acronym for Real-Time Clock, a clock that keeps track of the current time in a computer or electronic device

• The RTC meeting has been scheduled for next Monday.
• We have an RTC meeting next Monday.
• I can't make it to the RTC next week.
• The RTC is like a puzzle, with each piece representing a different aspect of the project.

noun Acronym for Engineer in Training, referring to an individual who has graduated from an engineering program but has not yet obtained a professional engineering license.

• The European Institute of Innovation and Technology (EIT) is an EU body that aims to boost innovation and entrepreneurship across Europe.
• I heard that EIT offers funding for start-ups in the tech industry.
• EIT is like the cool kid on the innovation block.
• Joining EIT is like stepping into the fast lane of innovation.

noun a word that functions as the name of a specific person, place, thing, or idea

adjective a word that describes or modifies a noun or pronoun

adverb a word that modifies a verb, adjective, or another adverb, indicating manner, time, place, or degree

• The adf file contains important data for the project.
• I need to open the adf document to check the information.
• Hey, can you send me that adf file ASAP?
• Her mind was like an adf, storing memories and thoughts.

noun Aef is not a recognized English word, therefore it does not have a specific definition as a noun.

adjective Aef is not a recognized English word, therefore it does not have a specific definition as an adjective.

adverb Aef is not a recognized English word, therefore it does not have a specific definition as an adverb.

pronoun Aef is not a recognized English word, therefore it does not have a specific definition as a pronoun.

preposition Aef is not a recognized English word, therefore it does not have a specific definition as a preposition.

conjunction Aef is not a recognized English word, therefore it does not have a specific definition as a conjunction.

interjection Aef is not a recognized English word, therefore it does not have a specific definition as an interjection.

article Aef is not a recognized English word, therefore it does not have a specific definition as an article.

• The company implemented a new system called AEF to streamline their operations.
• I heard they're using some new software called AEF at work now.
• Have you tried out that AEF app yet? It's supposed to be really cool.
• Her words were like aef, cutting through the silence with precision.