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Banking and Finance

EQUITY ɛkwɪti

Noun

  • the value of a company’s shares.
Example Sentence: This quarter produced a return on equity of 8.85%.
 

BANKRUPT bæŋkrʌp

Noun

  • financially unable to continue business.
Example Sentence: The company went bankrupt due to mismanagement.
 

STONE BROKE /stoʊni broʊk/

Phrase

  • If you are stone broke, you are completely without money.
Example Sentences: Don't ask Jim to lend you any money; he's stone broke.
 

LETTER OF CREDIT  

Noun

  • a letter from a bank that guarantees a payment to a specified person.
Example Sentence: The seller requires a letter of credit to secure payment.
 
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