UNIT 5

5.1 legal tender (n) /ˈlēɡəl ˈtendər/ the money that can be United State dollar
officially used in a was introduced to be
country the legal tender in
USA since 1792
5.1 accredit (v) /əˈkredɪt/ to believe that Our research has
somebody is been accredited to
responsible for doing be the first prize
or saying something
5.1 insurance policy /inˈSHo͝orəns a document detailing You should read the
(n) ˌpäləsē/ the terms and insurance policy
conditions of a contract carefully if you don’t
of insurance. want to be cheated
5.2 petty cash (n) /ˌpeti ˈkæʃ/ a small amount of We need to pay the
money kept in an office taxi tax, but we have
for small payments been out of petty
cash
5.2 expenditure (n) /ɪkˈspendɪtʃə(r)/ the act of spending or The company's
using money; an expenditure on
amount of money marketing has been
spent declined
5.2 cash advance (n) /kæʃ ədˈvɑːns/ an amount of money You shouldn’t use
that someone borrows the cash advance
and on which they start service because the
to pay interest as soon interest rate is high
as they receive it. The
rate of interest for this
type of loan is usually
higher than for other
types of loan
5.2 cash flow (n) /ˈkæʃ ˌfləʊ/ the amount of money The cash flow in our
moving into and out of company should be
a business made clear
5.4 shrink (v) /ʃrɪŋk/ to become smaller, or If you have your
to make something hoodie dried for a
smaller long time, it will
shrink
5.4 bottom out (phrv) /ˈbɒt.əm/ to have reached the after the covid 19
lowest point in a pandemic, many
continuously changing people think the
situation and to be economy will bottom
about to improve out
5.5 intangible assets /ɪnˌtæn.dʒɪ.bəl something valuable The brand 's
(n) ˈæs.et/ that a company has reputation is defined
that is not material as an intangible asset
5.5 accounts /əˈkounts rə money that is owed to My company's
receivable ˈsēvəbəl/ a company; the accounts receivable
department of a has $1b
company that deals
with this money,
sending out invoices,
etc
UNIT 5
5.5 liability (n) /ˌlaɪəˈbɪləti/ the amount of money The start-up
that a person or company must prove
company owes that it has a liability
of 3 million
5.5 account payable /əˌkaʊnts ˈpeɪəbl/ money that is owed by We have a list of
(n) a company; the account payable that
department of the we must pay in the
company that deals end of this month
with paying this money
5.5 equity (n) /ˈekwəti/ the value of a All the equity i have
company’s shares is just a small house
5.5 fixed assets /ˌfɪkst ˈæsets/ long-term tangible The new office
assets that are used in building which costs
the operations of a 5 million dollar is our
business company's fixed
assets