Recession Terms

Carlos A.
Words and terms that are commonly used during this current economic downturn. Maybe there are others out there. rnUnemployment, contract work, stress, displacement, 1099 work.rnPlease add and comment.
27 words 62 learners

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Full list of words from this list:

words only definitions & notes
  1. frugal
    avoiding waste
  2. thrifty
    mindful of the future in spending money
  3. bargain
    an agreement between parties fixing obligations of each
  4. debt
    the state of owing something, especially money
  5. foreclosure
    proceedings initiated to repossess the collateral for a loan
  6. arrears
    the state of being behind in payments
  7. unemployment
    the state of not having a job
  8. credit
    an estimate of ability to fulfill financial commitments
  9. GDP
    the measure of an economy adopted by the United States in 1991; the total market values of goods and services produced by workers and capital within a nation's borders during a given period (usually 1 year)
  10. derivative
    a compound obtained from another compound
  11. mortgage
    a conveyance of property as security for repaying a loan
  12. repossession
    the action of regaining possession
  13. depression
    a sunken or lowered geological formation
  14. scandal
    a disgraceful event
  15. corruption
    use of a position of trust for dishonest gain
  16. mismanagement
    management that is careless or inefficient
  17. bonus
    extra pay or reward given to employees for good performance
  18. bond
    a connection that fastens things together
  19. interest
    a sense of concern with and curiosity about something
  20. bail out
    remove water from a boat by throwing it over the side
  21. temporary
    not permanent; not lasting
  22. contract
    a binding agreement that is enforceable by law
  23. downsize
    reduce in magnitude or number
    My company is downsizing meaning a reduction in headcount.
  24. short sale
    sale of securities or commodity futures not owned by the seller (who hopes to buy them back later at a lower price)
  25. fungible
    freely exchangeable for something of like nature
  26. malaise
    a feeling of mild sickness or depression
    Remember former president Jimmy Carter and the "malaise speech".
  27. thrifty
    mindful of the future in spending money
Created on Wed Jan 13 12:54:31 EST 2010

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