Cambridge English ~ Vocabulary unit 3

bankruptcy

a situation in which a business or a person becomes bankrupt

squander

to waste time, money, etc.

lucrative

it makes a lot of money

rip-off

when someone is cheated by being made to pay too much for something

expenditure

the total amount of money that a government or person spends

asset

something which a person or company owns which has a value

break even

to not make money but also not lose money

prosperity

when a person or group is succesful, usually by earning a lot of money

affluent

having a lot of money

overdraft

you have taken more money out of your bank account than you had in it

pay

to give money to someone because you are buying something from them, or because you owe them money

make

to earn

spend

to use money to buy or pay for something

waste

to use too much of something or use something badly when there is a limited amount of it

lose

to make less money than you spend

rags to riches

used to describe what happens to a person who was poor but becomes rich

born with silver spoon in their mouth

someone whose parents were very rich

hand to mouth

having only just enough money to live

make ends meet

to have just enough money to pay for the things that you need