Unit 20. Financial Systems

Word

Definition

Example

allocate

to give out different amounts for different purposes

Du Pont has allocated funds for the design of four plants

commodity

a primary product that can be bought and sold, e.g. grain, oil, or wood

A number of commodities is rising in price

decline

to decrease or go down

He said he'd drive, but I declined his offer

equity

the value of shares in an investment

Equity is the capital that a company has from shares rather than from loans

inflation

a general increase in prices

Inflation decreased last month

net

after all costs have been subtracted from an amount

'The Net' is what everyone calls the Internet

per capita

per person

Belgians eat more chocolate per capita than any other nation in Europe

regulate

to control according to a set of rules

You can regulate the temperature in the house by adjusting the thermostat.

subsidy

money given by a government or other organization to support an activity

Federal subsidies would be available to help employers pay the insurance premiums

tangible

real, able to touch

As with Western systems, tangible assets include land, buildings and constructions.