Does it Take Money to Make Money? Flashcards

1
Q

Poverty

A

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.

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2
Q

Notable

A

adjective

Remarkable / worthy of attention

This area is notable for its vintage clothing stores.

Her notable intelligence played a big part in her success.

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3
Q

Affluent

A

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.

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4
Q

From rags to riches

A

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.

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5
Q

A windfall

A

noun

Money one wins or receives unexpectedly

They received a windfall of €3,000 each.

Luckily we got a windfall from the government.

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6
Q

Wealth

A

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.

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7
Q

Buffer

A

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.

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8
Q

Tide over

A

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.

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9
Q

Find one’s footing

A

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.

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10
Q

Collective mass

A

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.

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11
Q

Cash pooling

A

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.

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12
Q

The State

A

noun

The government

The state has decided to increase business taxes.

He is indebted to the state.

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13
Q

Welfare

A

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.

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14
Q

Inherent

A

adjective

Existing as a basic part of something

There are inherent risks in all businesses.

She has an inherent distrust of men.

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15
Q

Burden every actor

A

idiom

To give some problems / responsibility to everyone

This new law will certainly burden every actor

Taking care of the environment burdens every actor.

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16
Q

Author

A

verb

To create / write something

He was able to author his own life after dropping out of college.

She authored several books on the subject.