Vocabulary for Achievement Fourth Course Lesson 9

austerity

1. severe and rigid restrictions

2. the quality of lacking luxury or ornamentation

3. the quality of being severe or stern in appearance or manner

depreciate

to decrease or cause to decrease in value or price

equity

1. net value, the value of a business or property minus debt owed

2. fairness, justice

frugal

economical, thrifty, careful or strict in avoiding unnecessary spending

indigent

extremely poor, impoverished, lacking basic necessities

munificent

generous, liberal in giving

pecuniary

having to do with money

recession

1. a general decline in business activity

2. the act of withdrawing or going back

remunerate

to pay for goods provided, services rendered, or losses incurred; to compensate for

solvent

capable of meeting financial obligations; able to pay debts