English Synonyms for Money and Finance Vocabulary Words – Online Quiz!

annuity (noun) /əˈnjuːɪti/
Meaning: It is essentially a contract between an individual and a financial institution, in which the latter agrees to make regular payments to the individual, usually on a monthly or annual basis, in exchange for a lump sum payment or a series of payments made by the individual.
Find the synonym: Which option is closest in meaning to annuity?
Options: pension; lump sum; one-time payment; single transaction
Answer: pension
Synonyms: allocation; allotment; allowance; earnings; endowment; entitlement; fund; gain; stipend
Example: "After retiring, she received a monthly annuity to support her financially."

arrears (noun) /əˈrɪəz/
Meaning: This can refer to payments for bills, loans, rent, or other financial obligations.
Find the synonym: Which option is closest in meaning to arrears?
Options: debt; advance; prepayment; surplus
Answer: debt
Synonyms: arrearage; claim; debit; deficiency; deficit; indebtedness; liability; obligation
Example: "The tenant fell into arrears with the rent."

avarice (noun) /ˈav(ə)rɪs/
Meaning: It represents an intense greed or covetousness, often characterized by a relentless pursuit of riches and an utter disregard for ethical, moral, or social considerations.
Find the synonym: Which option is closest in meaning to avarice?
Options: greed; generosity; philanthropy; charity
Answer: greed
Synonyms: acquisitiveness; avariciousness; covetousness; cupidity; desire; greed; mammonism; materialism; miserliness; parsimony; rapacity; venality
Example: "His avarice led him to engage in unethical business practices."

bursary (noun) /ˈbəːs(ə)ri/
Meaning: Bursaries are usually awarded based on financial need and are intended to help students who may not be able to afford the full cost of tuition, books and other expenses related to their education.
Find the synonym: Which option is closest in meaning to bursary?
Options: scholarship; loan; debt; liability
Answer: scholarship
Synonyms: aid; allowance; assistance; award; benefaction; charity; donation; endowment; fellowship; grant; loan; reward
Example: "She applied for a bursary to cover her tuition fees."

collateral (noun) /kəˈlat(ə)rəl/
Meaning: The collateral serves as a form of protection for the lender, who can seize and sell the asset if the borrower fails to repay the loan.
Find the synonym: Which option is closest in meaning to collateral?
Options: security; risk; hazard; liability
Answer: security
Synonyms: assurance; belongings; deposit; guarantee; holdings; pledge; possessions; surety
Example: "The car served as collateral for the auto loan."

debit (verb) /dɛb ɪt/
Meaning: When one debits an account, they record a transaction that reduces the available funds or increases the liabilities associated with that account.
Find the synonym: Which option is closest in meaning to debit?
Options: withdraw; credit; deposit; add
Answer: withdraw
Synonyms: abate; charge; decrease; deduct; dock; draw; reduce; remove; subtract; take; withdraw
Example: "The cashier will debit the purchase amount from your account."

deposit (noun) /dɪpɒzɪt/
Meaning: It typically involves transferring funds or valuable assets for safekeeping, storage, or future use.
Find the synonym: Which option is closest in meaning to deposit?
Options: down payment; withdrawal; retrieval; spending
Answer: down
Synonyms: advance; cache; collateral; contribution; earnest; installment; payment; pledge; reserve; security; stash
Example: "He made a large deposit into his savings account to start saving for a down payment."

depreciate (verb) /dɪˈpriːʃɪeɪt/
Meaning: The term is most commonly used in reference to financial or material assets, such as stocks, real estate, or vehicles, but can also be used more broadly to refer to the diminishing value of other types of assets, such as skills, knowledge, or reputation.
Find the synonym: Which option is closest in meaning to depreciate?
Options: devalue; appreciate; increase; enhance
Answer: devalue
Synonyms: cheapen; deflate; depress; devalue; downgrade; lessen; lower; reduce; shrink; sink
Example: "The car's value began to depreciate rapidly after the first year."

devalue (verb) /diˈvæl yu/
Meaning: When something is devalued, its perceived or assigned value is decreased, leading to a decline in its worth or reputation.
Find the synonym: Which option is closest in meaning to devalue?
Options: diminish; appreciate; enhance; value
Answer: diminish
Synonyms: belittle; cheapen; deflate; depreciate; diminish; discredit; downgrade; impair; lessen; reduce; undermine; undervalue
Example: "The company's decision to outsource production caused the value of its brand to devalue significantly."

discount (verb) /ˈdɪs kaʊnt/
Meaning: When an item or service is discounted, it means that the price has been lowered to encourage sales or attract customers.
Find the synonym: Which option is closest in meaning to discount?
Options: reduce; increase; raise; augment
Answer: reduce
Synonyms: decrease; deduct; deprice; devaluate; devalue; disregard; reduce; slash; undervalue
Example: "The store decided to discount the price of the product for a limited time."

dividend (noun) /ˈdɪvɪˌdɛnd/
Meaning: Dividends are typically paid out on a regular basis, such as quarterly or annually, and are calculated as a percentage of the company's earnings.
Find the synonym: Which option is closest in meaning to dividend?
Options: profit; loss; debt; deficit
Answer: profit
Synonyms: bonus; earnings; gain; payout; profit; remittance; return; reward; share; yield
Example: "Investors eagerly awaited news of the dividend payout."

emolument (noun) /ɪˈmɒljʊm(ə)nt/
Meaning: It can include wages, salaries, bonuses, profits, or any other benefits received as a result of holding a particular position or job.
Find the synonym: Which option is closest in meaning to emolument?
Options: salary; nonpayment; debt; loss
Answer: salary
Synonyms: compensation; earnings; income; pay; payment; profit; remuneration; revenue; reward; salary; stipend; wage
Example: "The CEO received a substantial emolument as a bonus for his outstanding performance."

excise (noun) /ˈɛksʌɪz/
Meaning: The tax is typically imposed at the production or distribution stage of the product and is usually a specific amount per unit, such as per liter, per pack, or per pound.
Find the synonym: Which option is closest in meaning to excise?
Options: tax; exemption; subsidy; rebate
Answer: tax
Synonyms: charge; customs; duty; fee; imposition; impost; levy; surcharge; tariff; toll
Example: "The government increased the excise on tobacco products."

expenditure (noun) /ɪkˈspɛn dɪ tʃər/
Meaning: It represents the outflow or consumption of financial or non-financial resources in exchange for something of value.
Find the synonym: Which option is closest in meaning to expenditure?
Options: spending; saving; hoarding; retention
Answer: spending
Synonyms: consumption; cost; disbursal; disbursement; expense; investment; outgoings; outlay; overhead; payment; spending
Example: "We need to carefully track our monthly expenditures to stay within our budget."

fiat (noun) /ˈfiːat/
Meaning: The value of fiat currency is determined by supply and demand in the market, as well as the stability and strength of the issuing government.
Find the synonym: Which option is closest in meaning to fiat?
Options: currency; barter; trade; exchange
Answer: currency
Synonyms: banknote; bill; cash; currency; greenback; money; note; tender
Example: "The economy relies on the stability of the fiat currency."

fiscal (adjective) /ˈfɪskl/
Meaning: It encompasses the financial policies, practices, and management of a government, organization, or individual, focusing on how money is earned, spent, and managed.
Find the synonym: Which option is closest in meaning to fiscal?
Options: financial; bodily; challenging; annoying
Answer: financial
Synonyms: bookkeeping; budgetary; commercial; economic; monetary; pecuniary; revenue; tax
Example: "The government presented its fiscal budget for the year."

frugal (noun) /ˈfruːɡl/
Meaning: A frugal person is someone who is thrifty and avoids waste, being mindful of not spending more than what is necessary.
Find the synonym: Which option is closest in meaning to frugal?
Options: economical; wasteful; extravagant; profligate
Answer: economical
Synonyms: austere; budgeting; careful; economical; modest; parsimonious; pinching; prudent; saving; scrimping; sparing; stingy
Example: "Her frugal lifestyle allowed her to save for the future."

fund (noun) /fʌnd/
Meaning: Funds are often managed by organizations, institutions, or individuals to support specific projects, initiatives, or activities.
Find the synonym: Which option is closest in meaning to fund?
Options: reserve; debt; liability; deficit
Answer: reserve
Synonyms: bankroll; cache; coffer; hoard; kitty; pool; purse; reserve; resources; stash; stockpile; treasury
Example: "The organization established a fund to support underprivileged children's education."

gratuity (noun) /ɡrəˈtjuːɪti/
Meaning: It is typically given to service employees such as waiters, bellhops, and taxi drivers, but can also be given to other professionals such as hairstylists, barbers and delivery drivers.
Find the synonym: Which option is closest in meaning to gratuity?
Options: tip; non-reward; penalty; fine
Answer: tip
Synonyms: baksheesh; benefaction; bonus; contribution; donation; lagniappe; offering; perquisite; tip
Example: "The restaurant automatically added a gratuity to our bill for large groups."

indebtedness (noun) /ɪnˈdɛt ɪd nɪs/
Meaning: It encompasses the concept of owing gratitude, money, or favors to another party.
Find the synonym: Which option is closest in meaning to indebtedness?
Options: obligation; autonomy; independence; self-sufficiency
Answer: obligation
Synonyms: accountability; arrear; burden; commitment; debt; duty; encumbrance; liability; obligation; owing; responsibility
Example: "The young entrepreneur felt a sense of indebtedness towards her investors for their financial support."

indemnity (noun) /ɪnˈdɛm nɪ ti/
Meaning: An indemnity agreement is a legal contract between two parties in which one party agrees to compensate the other for any losses or damages that may occur due to specified events or circumstances.
Find the synonym: Which option is closest in meaning to indemnity?
Options: compensation; liability; debt; obligation
Answer: compensation
Synonyms: amends; payment; quittance; redress; refund; reimbursement; remuneration; reparation
Example: "The company provided an indemnity against any potential damages caused by their product."

inflation (noun) /ɪnˈfleɪ ʃən/
Meaning: It is typically accompanied by a decrease in the purchasing power of currency, as the same amount of money can buy fewer goods and services.
Find the synonym: Which option is closest in meaning to inflation?
Options: price increase; deflation; price drop; stability
Answer: price
Synonyms: appreciation; boost; escalation; expansion; growth; hike; increment; rise; surge; upsurge; upswing; upturn
Example: "High inflation erodes the purchasing power of consumers."

insolvent (adjective) /ɪnˈsɒlv(ə)nt/
Meaning: It refers to a state of financial distress in which someone's liabilities exceed their assets or income, and they are unable to pay their bills or meet their financial obligations.
Find the synonym: Which option is closest in meaning to insolvent?
Options: bankrupt; solvent; financially stable; affluent
Answer: bankrupt
Synonyms: bankrupt; broke; bust; failed; impoverished; indebted; penniless; ruined; strapped
Example: "He was personally insolvent and couldn't pay his debts."

invest (verb) /ɪnˈvɛst/
Meaning: When someone chooses to invest, they commit their resources, such as funds, effort, or expertise, in a manner that is intended to generate profits, income, or long-term growth.
Find the synonym: Which option is closest in meaning to invest?
Options: allocate; withdraw; divest; withhold
Answer: allocate
Synonyms: allocate; back; commit; contribute; deposit; devote; finance; inject; pledge; sink; venture
Example: "He decided to invest his savings in the stock market."

invoice (noun) /ˈɪn vɔɪs/
Meaning: It serves as a formal request for payment and acts as a financial record of the transaction between the two parties involved.
Find the synonym: Which option is closest in meaning to invoice?
Options: bill; gift; donation; grant
Answer: bill
Synonyms: ccount; balance; bill; check; chit; ledger; receipt; reckoning; statement; tab; tally; voucher
Example: "Please make sure to include the invoice number when making the payment."

ledger (noun) /ˈlɛdʒ ɛr/
Meaning: It serves as a central repository for documenting and organizing financial information, typically for a business or organization.
Find the synonym: Which option is closest in meaning to ledger?
Options: record; disarray; unrecorded; disorder
Answer: record
Synonyms: book; cashbook; daybook; journal; log; record; register; statement
Example: "The company's ledger showed a significant increase in sales for the quarter."

liquidate (verb) /ˈlɪk wɪˌdeɪt/
Meaning: When someone or a business liquidates their assets, they sell or dispose of them to settle debts, meet financial obligations, or wind down operations.
Find the synonym: Which option is closest in meaning to liquidate?
Options: sell; retain; keep; hoard
Answer: sell
Synonyms: cash; clear; close; convert; disburse; dispose; distribute; divest; resolve; sell; settle; unload
Example: "The company had to liquidate its remaining inventory to cover its outstanding debts."

lucrative (adjective) /ˈluːkrətɪv/
Meaning: When an opportunity, venture, or endeavor is referred to as lucrative, it means that it has the potential to yield significant earnings or returns on investment.
Find the synonym: Which option is closest in meaning to lucrative?
Options: profitable; unprofitable; loss-making; unrewarding
Answer: profitable
Synonyms: advantageous; enriching; fruitful; gainful; moneymaking; paying; productive; profitable; remunerative; successful
Example: "The tech startup secured a lucrative funding round."

niggard (noun) /ˈnɪg ərd/
Meaning: It describes an individual who is unwilling to spend or give money, often displaying a strong desire to accumulate and hoard wealth.
Find the synonym: Which option is closest in meaning to niggard?
Options: miser; spender; philanthropist; donor
Answer: miser
Synonyms: cheapskate; curmudgeon; grinch; hoarder; misanthrope; miser; pinchpenny; scrooge; skinflint; tightfisted; tightwad
Example: "The niggard refused to contribute to the office charity fund."

parsimonious (adjective) /ˌpɑːsɪˈməʊnɪəs/
Meaning: A parsimonious person is often excessively tightfisted and inclined to be overly economical, even to the point of being considered stingy or miserly.
Find the synonym: Which option is closest in meaning to parsimonious?
Options: stingy; generous; lavish; extravagant
Answer: stingy
Synonyms: avaricious; cheap; closefisted; economical; frugal; miserly; niggardly; penurious; scrimping; selfish; stingy; thrifty
Example: "The parsimonious shopper carefully compared prices before making a purchase."

parsimony (noun) /ˈpɑr səˌmoʊ ni/
Meaning: It reflects a mindset or behavior that prioritizes saving and minimal expenditure in order to conserve resources.
Find the synonym: Which option is closest in meaning to parsimony?
Options: stinginess; generosity; lavishness; extravagance
Answer: stinginess
Synonyms: austerity; economy; efficiency; frugality; moderation; prudence; restraint; simplicity; sparingness; stinginess; thrift; tightfistedness
Example: "Parsimony is often valued in scientific theories, favoring simpler explanations over complex ones."

pecuniary (adjective) /pɪˈkjuːnɪəri/
Meaning: When an issue or concern is characterized as pecuniary, it pertains to financial transactions, assets, liabilities, or other fiscal aspects.
Find the synonym: Which option is closest in meaning to pecuniary?
Options: monetary; non-financial; non-monetary; intangible
Answer: monetary
Synonyms: banking; budgetary; budgeting; capital; cash; commercial; economic; financial; fiscal; monetary; revenue
Example: "The businessman faced pecuniary challenges due to the economic downturn."

prodigal (adjective) /ˈprɒdɪɡl/
Meaning: It implies a lack of restraint or discipline in spending, and a tendency to indulge in excess or to squander resources.
Find the synonym: Which option is closest in meaning to prodigal?
Options: spendthrift; frugal; economical; thrifty
Answer: spendthrift
Synonyms: dissolute; excessive; extravagant; immoderate; improvident; intemperate; lavish; profligate; reckless; spendthrift; squandering; unthrifty
Example: "His prodigal spending habits left him in financial ruin."

recoup (verb) /rɪˈkuːp/
Meaning: It can also mean to gain back or retrieve something, or to make up for something that has been lost or wasted.
Find the synonym: Which option is closest in meaning to recoup?
Options: recover; lose; forfeit; surrender
Answer: recover
Synonyms: compensate; reacquire; recapture; redeem; reimburse; replenish; repossess; retake; retrieve
Example: "I hope to recoup my investment in the stock market."

reimburse (verb) /ˌriːɪmˈbəːs/
Meaning: When a person is reimbursed, they are repaid for money that they have spent on something, such as travel expenses, medical bills, or business costs.
Find the synonym: Which option is closest in meaning to reimburse?
Options: compensate; charge; debit; bill
Answer: compensate
Synonyms: indemnify; reciprocate; recompense; redress; refund; remunerate; repay; restore; return
Example: "The company will reimburse you for your travel expenses."

remittance (noun) /rɪˈmɪt(ə)ns/
Meaning: Remittances are commonly associated with financial support provided by immigrants or individuals working abroad to their families or loved ones in their home country.
Find the synonym: Which option is closest in meaning to remittance?
Options: transfer; non-payment; withdrawal; confiscation
Answer: transfer
Synonyms: allowance; consideration; contribution; delivery; deposit; disbursement; fund; pay; payment; remission; salary; settlement
Example: "The overseas worker eagerly awaited the monthly remittance from their family back home."

remunerate (verb) /rɪˈmjuːnəreɪt/
Meaning: It is used in situations when an individual or organization is being compensated for their time, effort and skills.
Find the synonym: Which option is closest in meaning to remunerate?
Options: pay; underpay; exploit; shortchange
Answer: pay
Synonyms: award; compensate; grant; indemnify; recompense; refund; reimburse; requite; reward
Example: "The company is committed to remunerate employees fairly for their hard work."

revenue (noun) /ˈrɛvəˌnu/
Meaning: It is the total amount of money that a company or government receives from its customers or taxpayers during a specific period.
Find the synonym: Which option is closest in meaning to revenue?
Options: income; loss; debt; expense
Answer: income
Synonyms: dividend; gain; interest; money; proceeds; profit; receipts; return; rewards; takings; yield
Example: "The company's revenue increased significantly after the successful launch of their new product."

stipend (noun) /ˈstʌɪpɛnd/
Meaning: The payment is often made to cover basic expenses, such as living costs, and it is usually less than a full salary.
Find the synonym: Which option is closest in meaning to stipend?
Options: allowance; non-payment; debt; deduction
Answer: allowance
Synonyms: allocation; allowance; award; benefaction; donation; endowment; grant; subsidy
Example: "Graduate students often receive a monthly stipend."

thrifty (adjective) /ˈθrɪfti/
Meaning: A thrifty person is someone who is diligent in saving money and avoiding unnecessary expenses.
Find the synonym: Which option is closest in meaning to thrifty?
Options: economical; extravagant; profligate; wasteful
Answer: economical
Synonyms: budgeting; careful; economical; efficient; frugal; parsimonious; provident; prudent; resourceful; saving; scrimping; sparing
Example: "The thrifty couple rarely indulged in luxury purchases."