Vocabulary Lesson 9: Wealth and Poverty

Pecuniary (adjective)

(Short Definition: having to do with money)

Equity (noun)

Net value; the value of a business or property minus the debt owed (Short Definition: net value)

Recession (noun)

A general decline in business activity. (Short Definition: a decline in the economy)

Solvent (adjective)

Capable of meeting financial obligations; able to pay debts. (Short Definition: able to meet financial obligations)

Frugal (adjective)

Economical; thrifty; careful or strict in avoiding unnecessary spending (Short Definition: thrifty)

Indigent (adjective)

Extremely poor; impoverished; lacking basic necessities. (Short Definition: impoverished; lacking necessities)

Munificent (adjective)

Generous; liberal in giving. (Short Definition: generous)

Austerity (noun)

Severe and rigid restrictions, especially those brought about by difficult economic times. (Short Definition: severe restrictions)

Depreciate (verb)

To decrease or cause to decrease in value or price (Short Definition: to decrease in value)

Remunerate (verb)

To pay for goods provided, services rendered, or losses incurred; to compensate for. (Short Definition: to pay for something)