Financial Management Terms

noun A person who manages the financial matters of a college or university, such as collecting fees and paying salaries.

• The bursar is responsible for managing the university's finances.
• I need to go see the bursar to sort out my tuition payment.
• The bursar is the one who handles all the money stuff around here.
• In the world of finance, the bursar is like the gatekeeper to financial stability.

noun a book of blank checks that are used for making payments from a bank account

• I always keep my checkbook balanced to ensure accurate financial records.
• Don't forget to grab your checkbook before we head to the store.
• I never use my checkbook anymore, everything is digital now.
• Her generosity is like a blank checkbook, always ready to help others in need.

verb to combine or merge multiple things into a single more effective or coherent whole

• The company aims to consolidate its position in the market through strategic mergers and acquisitions.
• We need to consolidate all the information before the meeting tomorrow.
• Let's consolidate all our plans and meet up at the usual spot.
• She tried to consolidate her thoughts before making a decision.

verb past tense of drain, meaning to remove liquid from something

adjective exhausted of physical or mental strength

• After a long day at work, I felt completely drained of energy.
• I can't hang out tonight, I'm too drained from studying for my exams.
• I was so drained after that workout, I could barely move.
• The constant stress of the job drained all the joy out of her life.

verb To deteriorate or decline in quality or condition; to become ruined or useless.

• The once thriving neighborhood started to go to pot after the factory closed down.
• Ever since the new manager took over, this company has really started to go to pot.
• His grades have been going to pot ever since he started skipping class.
• If we don't address this issue soon, our project will go to pot.

noun the act of keeping several objects in motion in the air at the same time by repeatedly throwing and catching them

verb to continuously toss and catch objects in the air, typically for entertainment or skill demonstration

• She had to juggle multiple tasks to meet the project deadline.
• I don't know how he manages to juggle work, school, and a social life.
• I can't believe she's able to juggle all those responsibilities like a boss.
• Trying to juggle too many things at once can lead to burnout.

noun a legal document that allows someone to act on behalf of another person in legal or financial matters

• A power of attorney is a legal document that allows someone to make decisions on your behalf.
• Hey, have you thought about getting a power of attorney in case something happens?
• Dude, you should totally get a power of attorney just in case.
• Having a power of attorney is like having a backup plan for important decisions.

verb the action of searching for or obtaining something without permission or payment

• The homeless man was caught scrounging for food in the dumpster behind the restaurant.
• I saw my brother scrounging for change in the couch cushions.
• She's always scrounging for freebies at events.
• The writer was scrounging for inspiration to finish their novel.

noun a decorative addition or ornament, such as a strip of material or a piece of lace

verb to make something neat or tidy by cutting away irregular or unwanted parts

adjective neat and orderly in appearance, having a tidy or well-groomed appearance

• The tailor will trim the excess fabric from the suit jacket.
• I need to trim my hair before the party tonight.
• I'm going to trim down my wardrobe and donate some clothes.
• It's important to trim unnecessary expenses from your budget to save money.

noun a state or condition of distress, disturbance, or difficulty

verb to cause distress, disturbance, or difficulty to

adjective causing distress, disturbance, or difficulty

• The company is facing financial trouble due to poor management.
• I heard Sarah got into trouble for skipping class again.
• I don't want to get into any trouble with the boss, so let's finish this project on time.
• His reckless behavior is like inviting trouble into his life.

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.