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)