[BUSINESS]IELTS Vocabulary: Learn 300 Essential Words for IELTS
💰audit=> auditing=> audited=> auditor
=> Each year they audit our accounts and check if they are accurate.
=> They plan to audit the company.
=> The bank found out the problem when they carried out an internal audit.
-an accountant audits
-audit accounts
-audit a company
-company audit
----> check----> investigation----> review----> scrutiny----> inspection----> analysis
💰compensate=> compensating=> composition
=> When the bank collapsed, the government compensated customers for their losses.
=> She promised to compensate her victims for the trauma they suffered.
=> The court ordered him to pay £300 compensation.
-compensate someone
-compensate for a loss
-fully compensated
-adequately compensated
---->pay back----> repay----> make up for----> reimburse
💰reimburse=> reimbursement
=> Participants will have their travel expenses reimbursed.
=> The funds will reimburse policyholders in the event of insurer failure.
=> She is demanding reimbursement for her medical expenses.
-reimburse someone for
-reimburse costs
-reimburse expenses
-seek reimbursement
---->pay back----> repay----> refund----> compensate
💰revenue
=> Last year, we enjoyed a massive increase in revenue.
=> The government increased revenue by raising taxes.
=> Fishing is the town’s main source of revenue.
-generate revenue
-boost revenue
-raise revenue
-extra revenue
----> proceeds----> income----> earnings----> receipts----> profit----> funds
💰turnover
=> The company had a turnover of $1.2 billion in 2015.
=> Total turnover rose by 13%.
=> The manager admitted that staff turnover was high.
-a turnover of
-annual turnover
-high turnover
-staff turnover
----> revenue----> earning----> income
💰creditor=> creditors
=> The company said that it would repay all its creditors.
=> It will be the second bailout of Greece and its creditor banks.
=> You must pay back your creditors within 30 days.
-creditor banks
-owe creditor
-repay creditor
-persuade creditor
----> bank----> lender----> banker----> loan shark
💰debtor=> debtors
=> Debtors must manage their finances carefully.
=> If you are a debtor, we can give you financial advice.
=> In Europe, economic decisions often pit creditor nations against debtor nations.
-debtor owes
-debtor repays
-debtor country
-debtor nation
----> borrower
💰enterprise=> enterprising
=> Small enterprises are flourishing under current government policies.
=> It’s one of Hungary’s most successful enterprises.
=> Their enterprise, energy, and thrift made them natural leaders in the community.
-a commercial enterprise
-a profitable enterprise
-private enterprise
-state enterprise
----> business----> firm----> undertaking---->company----> activity----> project
💰entrepreneur=> entrepreneurship (n.)=> entrepreneurs=> entrepreneurial (a.)
=> The two entrepreneurs set up their company two years ago.
=> The government is providing financial incentives for entrepreneurs to innovate.
=> Bill Fish, the Californian entrepreneur, founded a new Internet search engine in 2006.
-a successful entrepreneur
-a budding entrepreneur
-an entrepreneur founds
-an entrepreneur builds
----> businessman----> businesswoman----> business owner----> proprietor----> solopreneur
💰found=> founded=> founding=> foundation
=> Facebook was founded by Mark Zuckerberg.
=> The business, founded in 1923, recently suffered severe financial setbacks.
=> He founded the company in 2007.
-founded by
-founded in
-found a business
-found an organization
----> begin----> initiate----> organize----> start-----> form----> establish
💰franchise=> franchised
=> They won the franchise to run the railway system.
=> The franchise holders were unhappy with the policies of the parent company.
=> She bought a franchise to run a Starbucks coffee shop in the new shopping centre.
-a fast food franchise
-franchise holder
-franchise owner
-run a franchisee
💰merge=> merger=> merged=> merging=> unmerge=> emerge
=> The Bank of America merged with Merrill Lynch.
=> Modern and traditional architectural elements merge in a clever way.
-merge with
-merge into
-merge together
----> blend----> join----> combine----> unite
💰restructure=> restructured=> restructuring
=> The president called on educators to help him restructure the American education system.
=> Many banks were forced to restructure after the banking collapse of 2008.
=> They made every effort to restructure their company.
-restructure the company
-restructure the economy
-radically restructure
-successfully restructure
----> reorganize----> reconstruct----> reform----> reshuffle
💰subsidiary----> subsidiaries
=> British Asia Airways is a subsidiary of British Airways.
=> It’s one of 10 subsidiaries of Cossack Holdings.
=> CNPC agreed to buy a 10% holding in Vankorneft, a subsidiary of Rosneft.
-a subsidiary of
-a subsidiary of a company
-subsidiary company
-wholly-owned subsidiary
----> subordinate