Does it Take Money to Make Money? Flashcards
Poverty
noun
The condition of being very poor
Poverty in the US is an increasing issue for the Biden administration.
9.2% of the world lives in extreme poverty.
Notable
adjective
Remarkable / worthy of attention
This area is notable for its vintage clothing stores.
Her notable intelligence played a big part in her success.
Affluent
adjective
Having a lot of money
They live in quite an affluent suburb outside of Tokyo.
Japan has become one of the most affluent societies in Asia.
From rags to riches
idiom
To go from being poor to being rich
Ed Sheeran is one of the many musicians with a rags to riches story.
Taiwan went from rags to riches within a single generation.
A windfall
noun
Money one wins or receives unexpectedly
They received a windfall of €3,000 each.
Luckily we got a windfall from the government.
Wealth
noun
The condition of being very rich
There is a big wealth gap in many developed nations.
Musk is planning on spending his wealth on space exploration.
Buffer
verb
Something that protects from harm
Having savings can act as a buffer against losing your job.
Many believe that cryptocurrencies can act as a buffer against inflation.
Tide over
phrasal verb
To help someone through a difficult period with financial assistance
This money will hopefully be able to tide you over after you leave school.
Luckily our savings were able to tide us over that period.
Find one’s footing
verbal phrase
To become comfortable / successful in a new situation
It took him many years to fond his footing after arriving in Tokyo.
She was able to find her footing fast.
Collective mass
noun
The unified action of a group
Their collective mass was able to create a much needed change.
I think with our collective mass we will succeed.
Cash pooling
noun
A technique where companies or subsidiaries put their financial resources together
Cash pooling will enable us to optimize our auditing.
We can decrease bank fees through cash pooling.
The State
noun
The government
The state has decided to increase business taxes.
He is indebted to the state.
Welfare
noun
Payments made by a government to those who are ill / poor
Most Scandinavian countries have great welfare systems.
There is little to no welfare in most African countries.
Inherent
adjective
Existing as a basic part of something
There are inherent risks in all businesses.
She has an inherent distrust of men.
Burden every actor
idiom
To give some problems / responsibility to everyone
This new law will certainly burden every actor
Taking care of the environment burdens every actor.