Shopping & Money

20 words

1. 1

   balancenoun/ˈbæl.əns/

   the amount of money left in an account or after expenses

   “My bank balance is lower than I expected after the trip.”

2. 2

   withdrawverb/wɪðˈdrɔː/

   to take money out of a bank account or ATM

   “I withdrew $50 from the ATM this morning.”

3. 3

   inflationn/ɪnˈfleɪʃən/

   a general increase in prices and fall in the purchasing value of money

   “High inflation has made everyday goods much more expensive over the year.”

4. 4

   retailern/rɪˈteɪlə(r)/

   a person or business that sells goods directly to the public

   “The retailer reduced prices to clear stock before the new season.”

5. 5

   exorbitantadj/ɪɡˈzɔːbɪtənt/

   much higher than is reasonable or fair (about price or cost)

   “The repair shop wanted an exorbitant sum for a small replacement part.”

6. 6

   wagenoun/weɪdʒ/

   Money paid to a worker, often calculated by the hour or week rather than as a fixed annual salary.

   “Many factory workers depend on weekly wages to cover basic expenses.”

7. 7

   retailadj / verb / noun/ˈriːteɪl/

   the sale of goods to the public in relatively small quantities; or to sell goods to the public

   “The company moved from wholesale into retail operations last year.”

8. 8

   mortgagen / v/ˈmɔːɡɪdʒ/

   a loan to buy property, usually paid back over many years; or the legal agreement connected with such a loan

   “They have a 30‑year mortgage on their home.”

9. 9

   consumernoun/kənˈsjuːmə(r)/

   a person who buys and uses goods or services

   “Consumer confidence fell after the company announced mass layoffs.”

10. 10

    installmentn/ɪnˈstɔːlmənt/

    one of a series of payments that are made over a period of time

    “They bought the refrigerator and agreed to pay in monthly installments.”

11. 11

    bankruptcynoun/ˈbæŋ.krʌpt.si/

    a legal state in which a person or business cannot pay its debts and seeks legal protection

    “The company filed for bankruptcy after months of declining sales.”

12. 12

    luxuriousadj/lʌɡˈʒʊəriəs/

    very comfortable and expensive; providing great comfort and pleasure

    “They spent their honeymoon in a luxurious seaside resort.”

13. 13

    consumerismnoun/kənˈsjuːmərɪz(ə)m/

    the practice or ideology of encouraging the acquisition of goods and services in ever-increasing amounts

    “Many Task 2 essays criticise consumerism as harmful to the environment.”

14. 14

    markupnoun/ˈmɑːkʌp/

    the amount added to the cost price to determine the selling price

    “Retailers often apply a markup to cover overheads.”

15. 15

    subsidynoun/ˈsʌbsədi/

    financial support paid typically by a government to reduce the cost of a service or production

    “The government introduced a subsidy for renewable energy projects.”

16. 16

    wholesaleadj / noun/ˈhəʊlseɪl/

    the sale of goods in large quantities to be retailed by others; sold in large quantities

    “They buy clothing wholesale and sell it in their own boutiques.”

17. 17

    outletnoun/ˈaʊt.lət/

    a shop or store, often a discounted brand store or a place that sells goods directly

    “We bought the jacket at a factory outlet.”

18. 18

    pensionnoun/ˈpɛnʃən/

    A regular payment made to a person, usually after they retire from work.

    “After thirty years with the company she finally received her pension.”

19. 19

    commoditynoun/kəˈmɒdəti/

    a raw material or primary agricultural product that can be bought and sold, especially one that is traded internationally

    “Oil is a key commodity that affects global markets.”

20. 20

    couponnoun/ˈkuːpɒn/

    a voucher or code giving a buyer a discount on a product or service

    “I used a coupon at checkout to save £5.”