Financial Planning

noun a useful or valuable thing, person, or quality

adjective relating to or describing something that is valuable or beneficial

• The company's assets include real estate, equipment, and intellectual property.
• She's got some serious assets - a nice car, a big house, you name it.
• Check out his assets, he's loaded!
• Her assets go beyond just money; she has a wealth of knowledge and experience.

noun an amount of money that is subtracted from someone's income or from the price of something, especially as a business expense

• The insurance policy has a high deductible, meaning you will have to pay a significant amount out of pocket before coverage kicks in.
• I didn't realize my car insurance deductible was so high until I had to file a claim.
• I can't believe how much my deductible is for this medical procedure, it's gonna cost me an arm and a leg!
• In life, sometimes we have to pay a deductible of hard work and perseverance before we can achieve success.

noun initiative and resourcefulness

• The enterprise is focused on expanding its market share through strategic partnerships.
• Our enterprise is launching a new product line next month.
• The enterprise is all about making that money.
• The enterprise is a well-oiled machine, with everyone working together towards a common goal.

noun a retreat or withdrawal

verb to move back or retreat in the face of danger or difficulty

• In case of failure, we have a contingency plan to fall back on.
• If all else fails, we can always fall back on our original idea.
• When things get tough, sometimes you just have to fall back and regroup.
• When faced with a difficult decision, I tend to fall back on my instincts.

noun A thing that is worth buying because it may be profitable or useful in the future

• The company made a strategic investment in new technology to improve efficiency.
• I'm thinking of making an investment in that new startup.
• I heard that new cryptocurrency is a good investment right now.
• Education is an investment in yourself that always pays off in the long run.

verb to list or detail individually

adverb in a detailed or specific manner

• Please make sure to itemize all expenses on your report for proper documentation.
• Don't forget to itemize all your receipts when doing your taxes.
• Make sure you itemize everything so you can get the most out of your deductions.
• In order to understand the full picture, we need to itemize all the factors at play.

verb to retire someone from work and pay them a pension

• The company decided to pension off several long-time employees as part of their cost-cutting measures.
• They finally pensioned off that old guy who never did any work around here.
• They were planning to pension off the dead weight in the office.
• It's time to pension off that outdated technology and upgrade to something more modern.

noun control over one's emotions or actions

• The police officer used a technique called physical restraint to control the suspect.
• She had to use all her restraint not to laugh during the serious meeting.
• I had to show some serious restraint to not buy those shoes.
• His restraint in not retaliating showed great maturity and self-control.

verb a word that expresses an action, occurrence, or state of being

• The new software system saved the company thousands of dollars in operating costs.
• I saved a bunch of money by switching to a cheaper phone plan.
• I totally saved my skin by coming up with a last-minute excuse.
• Her quick thinking saved the day during the crisis.

verb to avoid or stay away from something

adverb modifies the verb 'steer', indicating the manner in which the action is performed

• It is advisable to steer clear of making any hasty decisions without proper research.
• I would suggest you steer clear of that sketchy neighborhood late at night.
• Dude, just steer clear of that guy, he's bad news.
• In order to maintain a healthy lifestyle, it's important to steer clear of negative influences.

noun an arrangement allowing a customer to buy goods or services on credit

• The company was approved for a $1 million credit line from the bank.
• I just got my credit line increased to $10,000!
• I maxed out my credit line buying all those new clothes.
• His creativity has no credit line; it's limitless.

noun a book in which financial transactions are recorded

• The accountant meticulously recorded all transactions in the account book.
• I need to update my account book with all the recent expenses.
• I can't find my account book anywhere, it's driving me crazy!
• Her memory was like an accurate account book, never forgetting a detail.