voc 4 Flashcards
Pink slip
A notice of job termination, usually due to layoffs.
Portentous
Something that suggests a significant or serious future event, often used for economic predictions.
Posit
To propose an idea or theory, often about how the economy works.
To pull down
When economic conditions or prices lower
Quote
The price of a financial asset, like a stock, at a given time.
Real state
Property like land or buildings, bought as an investment or for use.
Recession
A period of economic decline lasting several months, with less spending and higher unemployment.
Reckoning
A time when financial consequences are felt, like when debts come due.
Recovery
When the economy improves after a downturn or recession
Repossession
When a lender takes back an item (like a house) because payments were not made
A rise in interest rates
When borrowing money becomes more expensive because lenders charge higher interest.
Run-of-the-mill
Ordinary or average, often referring to economic activity or a type of product.
To set off
When an event starts or triggers economic changes.
A scam
A dishonest scheme to cheat people out of money.
Shares/ stocks
Parts of a company that people can buy and sell as investments.
