Financial Management Vocabulary

adjective relating to or concerned with the efficient use of resources

• The company decided to implement more economical practices in order to reduce costs.
• I always try to be economical when shopping for groceries.
• I'm all about finding the most bang for my buck, so I'm all about being economical.
• She found a way to be more economical with her time, allowing her to accomplish more tasks in a day.

noun a person who owns or rents a house or property

• The householder was responsible for maintaining the property and ensuring everything was in order.
• The householder was the one in charge of taking care of the house.
• The householder had to deal with all the house-related stuff.
• As the householder of his own life, he made sure to keep everything in order and organized.

noun a word that functions as the name of something, such as a person, place, or thing

verb a word used to describe an action, state, or occurrence

adjective a word or phrase naming an attribute, added to or grammatically related to a noun to modify or describe it

adverb a word that modifies a verb, adjective, or other adverb, typically answering the questions how, when, or where

preposition a word governing, and usually preceding, a noun or pronoun and expressing a relation to another word or element in the clause

• It is important to keep down noise levels in a library.
• Can you please keep down the volume on the TV?
• Hey, keep it down! You're being too loud.
• She struggled to keep down her emotions during the difficult conversation.

noun a book or other collection of financial accounts of a particular type

• The accountant meticulously recorded all financial transactions in the ledger.
• Hey, can you jot down that expense in the ledger for me?
• I'll just scribble it in the ledger real quick.
• Her mind was a ledger of memories, each one carefully cataloged and stored.

adjective relating to a city or town, especially its local government

• The municipal government is responsible for maintaining public services such as roads and sanitation.
• The municipal pool is a popular spot for locals to cool off in the summer.
• I heard there's a big party at the municipal park tonight.
• The municipal library is a treasure trove of knowledge waiting to be explored.

noun A local governing body, typically a city or town

adjective Relating to a municipality

• The municipality is responsible for maintaining public services such as waste management and road maintenance.
• The municipality is where you go to get your dog license and pay your property taxes.
• I heard the municipality is cracking down on people who don't clean up after their dogs.
• In the grand scheme of things, the municipality acts as the backbone of our community.

adjective Describing something that is not able to be managed or restrained

preposition Indicating a situation where something is beyond regulation or restraint

• The situation quickly spiraled out of control as the protesters refused to disperse.
• The party last night got way out of control with people dancing on tables and breaking things.
• The fight at the bar was totally out of control, with bottles flying everywhere.
• Her emotions were out of control, causing her to burst into tears at the slightest provocation.

adjective showing an excessive concern with unimportant details or minor faults

• The petty cash fund should only be used for small, incidental expenses.
• I can't believe she's still upset over such a petty argument.
• Stop being so petty about it, it's not a big deal.
• His petty behavior was like a dark cloud hanging over the office.

noun an amount of money owed to a person or organization for goods or services provided

adjective able to be received or collected, especially in terms of money

• The company recorded the accounts receivable on its balance sheet.
• I have a few outstanding receivables that need to be collected.
• I'm waiting on some cash from my clients, got some receivables coming in.
• Patience is a virtue, like waiting for receivables to be paid in full.

noun a person who manages or looks after something, such as a steward on a plane or ship

verb to act as a steward, to manage or oversee something

• The steward on the plane ensured that all passengers were comfortable during the flight.
• The steward at the party made sure everyone had a drink in hand.
• The steward at the concert was handing out freebies to the fans.
• As a teacher, I see myself as a steward of knowledge, guiding my students towards success.

noun a person who collects taxes on behalf of the government

• The tax collector came to our office to collect the quarterly payments.
• I heard the tax collector is making his rounds in the neighborhood today.
• Watch out for the tax collector, he's on the hunt for unpaid taxes.
• The tax collector of consequences will come knocking if you don't pay your dues.

noun a person who is responsible for the management of finances and funds, especially in an organization or government

• The treasurer presented the financial report at the annual meeting.
• Hey, did you see the treasurer counting the money last night?
• I heard the treasurer is the one who handles all the cash.
• In a way, the treasurer holds the keys to the company's financial success.

noun the responsibilities or duties of a trustee

• The trusteeship of the organization was handed over to a new board of trustees.
• I heard that John got the trusteeship for the charity group.
• She's been holding onto the trusteeship for years, nobody else stands a chance.
• Taking on the trusteeship of the project felt like carrying the weight of the world on my shoulders.

verb to incline or bend from a vertical position

adverb in a manner that involves leaning out

• The architect instructed the workers to lean out of the window to get a better view of the construction site.
• I like to lean out of my car window and feel the wind in my hair when I drive down the highway.
• I saw him lean out of the car and give a thumbs up as they drove past.
• Sometimes you have to lean out of your comfort zone to experience new things in life.

noun Entity is a noun that refers to a thing with distinct and independent existence.

• Effective entity governance is crucial for ensuring compliance with regulations and achieving organizational goals.
• Entity governance involves setting rules and guidelines for how a company operates.
• You gotta have your entity governance game on point to avoid any trouble with the law.
• Just like a well-oiled machine, entity governance keeps everything running smoothly in a business.

noun a person who avoids paying for transportation fares

• The farebeat technology has revolutionized the public transportation system in our city.
• Have you tried using the farebeat app? It makes paying for the bus so much easier.
• I always farebeat my way onto the subway without paying, but don't tell anyone!
• Her quick thinking and resourcefulness were her farebeat in navigating through the difficult situation.

noun max - a maximum amount or value

• The government implemented austerity measures to the austerity max in order to reduce the national debt.
• We're on a strict budget right now, like austerity max levels.
• I'm living that austerity max life until my next paycheck.
• After losing my job, I had to live in austerity max mode to make ends meet.

noun an obsessive preoccupation with shopping or buying things

• Oniomania is a serious condition characterized by compulsive shopping behavior.
• I think my friend might have oniomania because she can't stop buying things.
• Some people joke about having 'shopaholic syndrome' but oniomania is a real issue.
• His oniomania for collecting vintage records knows no bounds.

noun the position or job of being an accountant

• Her accountantship was highly regarded in the industry for her attention to detail and accuracy.
• I heard she's pursuing accountantship as her career path.
• I never knew crunching numbers could be so cool until I got into accountantship.
• In the business world, mastering accountantship is like having a superpower to navigate financial challenges.