Voc 1 Flashcards
Abuzz
When people or markets are actively discussing something
Arrears
When you owe money and have missed payments, you’re said to be “in arrears.”
Bail out(vb)
When a government or another entity helps a company or country in financial trouble by giving it money
Bailout (n)
The money or support given to save a struggling business or economy.
Banking
The business carried on by or with a bank
Bond
A type of loan that companies or governments issue to raise money, which they pay back with interest.
Bonus
A type of loan that companies or governments issue to raise money, which they pay back with interest.
To boost growth
Actions taken to help the economy grow, like creating jobs or lowering taxes.
A borrower
Someone who takes out a loan and promises to pay it back with interest.
Catch on
When an idea or trend becomes popular, often applied to economic strategies or products
Contract
In economic terms, it means the economy is shrinking or slowing down.
Corruption
Dishonest behavior by those in power, often involving bribery or theft, which harms the economy.
Credit
Money you borrow and have to pay back later, often with interest.
