Termes related to Finace

12 Dealing with Debt terms

To help nstudents undrestand some termes related to Finance

Assets

Noun

The property of a deceased person subject by law to the payment of his or her debts and legacies

Example: The state's natural assets include mountains and beautiful lakes.

fr: Les atouts

bankruptcy

a person who becomes insolvent

Example: Several risky deals bankrupted the company.

fr: faillite

complusion

noun

the act of compelling

Example: We should be able to get them to cooperate without using compulsion

fr: complusion

counseling

noun

advice given especially as a result of consultation

Example: The student sought counsel from her teache

fr: conseil

creditors

noun

a person to whom money or goods are due

Example: She owes thousands of dollars to creditors.

fr: criditeurs

Debt

noun

a state of being under obligation to pay or repay someone or something in return for something received

Example: He is trying to pay off gambling debts

fr: Dette

drawbacks

noun

a refund of duties especially on an imported product subsequently exported or used to produce a product for export

Example: The trip sounds great, but cost is a major drawback.

fr: désavantages

fraudulent

adjective

: characterized by, based on, or done by fraud

Example: Corrupt leaders were chosen in a fraudulent election.

fr: frauduleux

Gain

Noun

the act or process of acquiring something

Example: I took the job to gain experience.

fr: Gain

interest

noun

Example: With short-term interest rates near zero however, businesses generated little return.

fr: intérêt

loan

noun

money lent at interest

Example: he got a car loan

fr: prêt

welfare

noun

aid in the form of money or necessities for those in need

Example: She donates to organizations concerned about animal welfare.

fr: aide sociale