[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