Personal Finance Terms

noun A legal process for dealing with debt problems when an individual or business cannot repay their debts

• The company declared bankruptcy after failing to meet its financial obligations.
• My uncle's business went bankrupt last year and he had to start over.
• I'm broke as a joke, might as well declare bankruptcy.
• Their relationship was on the brink of bankruptcy before they decided to seek counseling.

noun a record of money deposited or withdrawn from a checking account

• I opened a checking account at the bank to manage my finances.
• I set up a checking account so I can easily pay my bills online.
• I got a checking account to stash my cash.
• Having a checking account is like having a financial safety net.

noun the management of large amounts of money, especially by governments or large companies

verb not applicable

adjective not applicable

adverb not applicable

pronoun not applicable

preposition not applicable

conjunction not applicable

interjection not applicable

article not applicable

• The company's finance department is responsible for managing the budget and financial transactions.
• I'm looking into my personal finance to see where I can save some money.
• I need to figure out how to get my finance in order before the end of the month.
• Investing in your education is a way to finance your future success.

noun lack of wisdom or good judgment; the quality of being imprudent

• Her imprudence in handling sensitive information led to serious consequences.
• Tom's imprudence in spending all his money on gadgets left him broke.
• Don't be so imprudent with your choices, you might regret it later.
• The imprudence of rushing into decisions without thinking things through can be detrimental in the long run.

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 word that represents a person, place, thing, or idea

adjective a word that describes or modifies a noun or pronoun

• Implementing energy-efficient practices is key to money saving in the long run.
• Using coupons and shopping during sales are great ways to save money.
• I'm all about that money saving life - always looking for deals and discounts.
• Investing in quality products may seem expensive upfront, but it's a form of money saving in the grand scheme of things.

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.

noun a small bag or pouch used for carrying money, cards, and other personal items

• She reached into her pocketbook to retrieve her business card.
• I always keep my keys in my pocketbook so I don't lose them.
• Hey, can you spot me some cash? I left my pocketbook at home.
• His knowledge of economics is like a well-worn pocketbook, filled with valuable insights.

adjective showing care and thought for the future; wise; sensible

• It is prudent to carefully consider all options before making a decision.
• It's probably a good idea to think things through before you decide.
• You'd be smart to think it over before jumping in.
• Being prudent is like looking both ways before crossing the street.

noun a type of insurance coverage that pays for medical and surgical expenses incurred by the insured

• It is important to have medical insurance to cover any unexpected healthcare expenses.
• Make sure you have medical insurance in case you need to go to the doctor.
• Don't skip out on getting medical insurance, you never know when you might need it.
• Having medical insurance is like having a safety net for your health.