Vocabulary Words Every Wallet Specialist Should Know

Wallet

Definition: a small case for holding money and cards

• He keeps his money in his wallet.
• Her wallet was full of pictures and coupons.
• Don't forget to bring your wallet when you go shopping.

Wallet in a sentence

Money

Definition: Paper or coins used to buy things.

• I need money to buy a new book.
• He saved his money for a new bike.
• We use money to pay for food.

Money in a sentence

Cash

Definition: Money in the form of coins or banknotes.

• I prefer to pay in cash.
• He kept some cash in his wallet.
• They accepted cash for the ticket.

Cash in a sentence

Card

Definition: A small piece of paper or plastic with information.

• She gave me a birthday card.
• He paid with his credit card.
• I wrote a thank-you card for my teacher.

Card in a sentence

Buy

Definition: To get something by paying money.

• I want to buy a new phone.
• She bought a gift for her friend.
• They buy fresh vegetables from the market.

Buy in a sentence

Sell

Definition: To give something to someone in exchange for money.

• I want to sell my old toys at the yard sale.
• The shop will sell fresh fruits and vegetables.
• He decided to sell his bike because he needed money.

Sell in a sentence

Save

Definition: To keep something safe or to store for later.

• I save money for a new bike.
• Please save your work before turning off the computer.
• They save energy by using less electricity.

Save in a sentence

Cost

Definition: The amount of money needed to buy something.

• The cost of the book is ten dollars.
• She checked the cost of the concert tickets.
• It may cost more to travel during the holidays.

Cost in a sentence

Price

Definition: The amount of money required to buy something.

• The price of the shirt is ten dollars.
• I found a good price for my favorite book.
• Prices change depending on the store.

Price in a sentence

Change

Definition: To make something different; the act of becoming different.

• She decided to change her hairstyle.
• He likes to change his routine every month.
• Change is a natural part of life.

Change in a sentence

Shop

Definition: A place where goods are sold or the act of buying items.

• I will go to the shop to buy some groceries.
• We can shop for new clothes this weekend.
• The shop has many interesting toys for kids.

Shop in a sentence

Spend

Definition: To use money to buy something; to use time doing something.

• I want to spend my allowance on a new game.
• They decided to spend the weekend at the beach.
• She likes to spend time reading books.

Spend in a sentence

Bill

Definition: a statement of money owed

• He received a bill for his phone service.
• The bill was higher than expected.
• She paid the bill at the restaurant.

Bill in a sentence

Coin

Definition: A small, flat, round piece of metal used as money.

• He found a coin on the ground.
• She collected rare coins as a hobby.
• The coin was worth five cents.

Coin in a sentence

Bank

Definition: A place where money is kept or managed.

• I need to go to the bank to deposit my allowance.
• The bank offers loans for buying homes.
• He has a savings account at the bank.

Bank in a sentence

Pay

Definition: To give money for goods or services.

• I will pay for my lunch today.
• She forgot to pay the bill on time.
• They need to pay for their movie tickets.

Pay in a sentence

Earn

Definition: To receive money or reward for work done.

• She wants to earn money for a new bike.
• He hopes to earn a good grade this semester.
• You can earn points by completing tasks.

Earn in a sentence

Value

Definition: The importance or worth of something.

• Honesty has great value in life.
• The value of gold is very high.
• She understands the value of hard work.

Value in a sentence

Receipt

Definition: A document acknowledging that something has been received, especially in transactions.

• He kept the receipt for his new shoes.
• She asked for a receipt after buying the groceries.
• Understanding receipts is important for budgeting.

Receipt in a sentence

Wallet Specialist

Definition: an expert in digital wallets

• The wallet specialist helped me set up my account.
• I consulted a wallet specialist for security tips.
• The wallet specialist gave a presentation on best practices.

Budget

Definition: A plan for managing money; an estimate of income and expenses.

• I need to create a budget for my monthly spending.
• We saved money by sticking to our budget.
• The school has a budget for supplies and activities.

Budget in a sentence

Loan

Definition: Money borrowed that is expected to be paid back.

• He took a loan to buy a car.
• The bank offered her a loan for school.
• She is paying off her loan slowly.

Loan in a sentence

Expense

Definition: The cost incurred in the course of doing business or personal activities.

• She tracked her monthly expenses carefully.
• The expense report was submitted for approval.
• Understanding expense management is crucial for budgeting.

Expense in a sentence

Credit

Definition: Recognition or acknowledgment, often for work done.

• She received credit for her hard work.
• You need to give credit to the author.
• He got credit for his contribution to the project.

Credit in a sentence

Debit

Definition: An entry recording an amount owed or payment made, often in a bank account.

• The debit from my account was for groceries.
• She checked her bank statement for recent debits.
• Understanding debits is important for managing money.

Debit in a sentence

Balance

Definition: A state of stability; an equal distribution of weight or amount.

• It's important to maintain a balance between work and play.
• She tries to balance her studies and hobbies.
• The scale showed a perfect balance.

Balance in a sentence

Transaction

Definition: an instance of buying or selling something

• The transaction was completed online.
• He received a receipt for the transaction.
• They tracked the transaction in their records.

Transaction in a sentence

Purchase

Definition: to buy something

• She plans to purchase a new laptop.
• He made a purchase at the store.
• The purchase of the tickets was easy online.

Purchase in a sentence

Savings

Definition: Money that has been set aside or saved for future use.

• She deposited her savings in a bank account.
• His savings helped him buy a new bike.
• Understanding savings is important for financial planning.

Savings in a sentence

Account

Definition: A record of financial transactions; a personal description of events.

• She opened an account at the bank.
• He shared his account of what happened.
• The account showed all his expenses.

Account in a sentence

Deposit

Definition: To put money into a bank account; a sum of money given as security.

• He made a deposit to open a new account.
• She needs to deposit her paycheck.
• They require a deposit for the rental.

Deposit in a sentence

Withdraw

Definition: to take back or remove something

• He decided to withdraw his application.
• She had to withdraw money from the bank.
• Understanding withdraw helps in financial contexts.

Withdraw in a sentence

Fee

Definition: A charge or payment for services or privileges.

• There is a small fee to enter the amusement park.
• He paid the registration fee for the event.
• The library has a late fee for overdue books.

Fee in a sentence

Limit

Definition: to set a maximum amount or boundary

• We need to limit the number of students in the classroom.
• The speed limit on this road is 30 miles per hour.
• Understanding limits helps in setting rules.

Limit in a sentence

Security

Definition: The state of being free from danger.

• They installed security cameras in the building.
• Security is important in our daily lives.
• She feels safe with good security measures.

Security in a sentence

Online

Definition: Connected to or via the internet.

• I like to shop online.
• He took an online course to learn programming.
• They met each other online through a game.

Online in a sentence

Payment

Definition: Money given for goods or services.

• I made my payment for the concert tickets.
• The payment is due at the end of the month.
• We can process your payment online.

Payment in a sentence

Currency

Definition: The money used in a particular country.

• The dollar is the currency of the United States.
• She exchanged her currency for euros.
• Understanding currency is important for travel.

Currency in a sentence

Investment

Definition: The action of putting money into something to earn more money in the future.

• He made a smart investment in stocks.
• They discussed investment options for their savings.
• Her investment in education paid off.

Investment in a sentence

Expenditure

Definition: the amount of money spent

• The expenditure for the trip was higher than expected.
• She tracked her monthly expenditure carefully.
• Understanding expenditure helps in financial planning.

Expenditure in a sentence

Interest

Definition: A feeling of wanting to know or learn about something; a stake in something.

• She has a strong interest in science.
• His interest in music started at a young age.
• They learned about how to manage their interest in saving.

Interest in a sentence

Inflation

Definition: The rate at which prices for goods and services rise, reducing purchasing power.

• Inflation affects how much we can buy with our money.
• The inflation rate increased last year.
• He learned about inflation in economics class.

Inflation in a sentence

Asset

Definition: Something valuable owned by a person or company.

• The house is their biggest asset.
• Her skills are a great asset to the team.
• Investing in education is an important asset.

Asset in a sentence

Liability

Definition: the state of being responsible for something, especially in law

• He accepted liability for the accident.
• The company has a liability to its employees.
• Understanding liability is important in business.

Liability in a sentence

Financial

Definition: Related to money or the management of money.

• She took a course in financial planning.
• The company is in a strong financial position.
• He needs financial advice for his budget.

Financial in a sentence

Portfolio

Definition: a collection of work or documents

• She showed her portfolio during the job interview.
• His art portfolio impressed the gallery.
• The student created a portfolio of her best essays.

Portfolio in a sentence

Revenue

Definition: The income generated from normal business operations.

• The company's revenue increased this year.
• They need to find ways to boost their revenue.
• Government revenue comes from taxes.

Revenue in a sentence

Expenses

Definition: Costs or amounts of money spent on something.

• His monthly expenses include rent and food.
• She keeps track of her expenses to save money.
• They reduced their expenses by eating at home more.

Expenses in a sentence

Profit

Definition: The financial gain made after subtracting expenses.

• The business made a profit last year.
• They hope to increase their profit this quarter.
• His hard work led to a profit for the company.

Profit in a sentence

Loss

Definition: the state of losing something; not having something anymore

• His loss of a pet made him very sad.
• The team felt the loss of their star player.
• She experienced a loss when her grandmother passed away.

Loss in a sentence

Capital

Definition: The city where a government is based; also refers to wealth used for investment.

• London is the capital of England.
• The company needs capital to expand its business.
• Understanding the concept of capital is important in economics.

Capital in a sentence

Diversification

Definition: The process of varying investments or activities to reduce risk.

• Diversification in business can lead to greater stability.
• They discussed the importance of diversification in farming.
• Understanding diversification helps in planning.

Diversification in a sentence

Risk

Definition: The possibility of something bad happening.

• There is a risk of falling if you climb too high.
• We need to assess the risk before starting the project.
• Taking risks can lead to great rewards if managed well.

Risk in a sentence

Equity

Definition: Fairness or justice in the way people are treated; ownership in a property.

• They believe in equity for all students.
• The company focuses on promoting equity in the workplace.
• She discussed equity in education during the meeting.

Equity in a sentence

Market

Definition: A place where people buy and sell things.

• We went to the market to buy vegetables.
• The market was very crowded today.
• She sells fruits at the local market.

Market in a sentence

Valuation

Definition: the process of determining the value of an asset

• The valuation of the company was conducted last week.
• He learned how to perform a business valuation.
• Valuation helps in making investment decisions.

Valuation in a sentence

Liquidity

Definition: The ease with which an asset can be converted into cash.

• High liquidity means you can quickly access your money.
• She learned about liquidity in her finance class.
• Understanding liquidity is essential for financial management.

Liquidity in a sentence

Forecast

Definition: a prediction about future events

• The weather forecast says it will rain tomorrow.
• We reviewed the economic forecast for next year.
• The forecast showed sunny skies ahead.

Forecast in a sentence

Analysis

Definition: The detailed examination of something to understand it better.

• He did an analysis of the data for his project.
• Her analysis showed interesting results.
• They worked together on the analysis of the report.

Analysis in a sentence

Statement

Definition: A clear expression of something in speech or writing.

• The teacher asked for a statement about the project.
• He made a statement about his favorite book.
• She wrote a statement to explain her opinion.

Statement in a sentence

Withdrawal

Definition: The act of taking something back or removing it.

• His withdrawal from the game surprised everyone.
• She faced withdrawal symptoms after stopping the medication.
• The bank charges a fee for withdrawal from the ATM.

Withdrawal in a sentence

Yield

Definition: To produce or provide something; to give way to.

• The farm will yield a good crop this year.
• He hopes to yield better results with hard work.
• The tree can yield fruit in the summer.

Yield in a sentence

Risk Assessment

Definition: The process of identifying and analyzing potential problems or dangers.

• They conducted a risk assessment before the project began.
• His job involves risk assessment for workplace safety.
• Risk assessment helps in making informed decisions.

Risk Assessment in a sentence

Leverage

Definition: To use something to maximum advantage; often refers to resources or influence.

• He used his connections to leverage a better job offer.
• Understanding leverage can help in negotiations.
• She aims to leverage her skills for career growth.

Leverage in a sentence

Fiduciary

Definition: A person entrusted with the responsibility to manage someone else's money or assets.

• A fiduciary must act in the best interest of their clients.
• He serves as a fiduciary for the family trust.
• Understanding fiduciary duties is essential in finance.

Fiduciary in a sentence

Volatility

Definition: The degree of variation in a trading price series over time.

• Stock market volatility can be stressful for investors.
• High volatility means prices can change quickly.
• Understanding volatility is crucial for traders.

Volatility in a sentence

Return

Definition: To go back to a place or give something back.

• I will return the book to the library.
• Please return the favor when you can.
• He plans to return home next week.

Return in a sentence

Hedge

Definition: A fence or boundary formed by a dense row of shrubs or low trees.

• The garden was surrounded by a tall hedge.
• They planted a hedge for privacy.
• He trimmed the hedge to keep it neat.

Hedge in a sentence

Benchmark

Definition: A standard used for comparison.

• They set a benchmark to measure student progress.
• The benchmark helps evaluate the effectiveness of programs.
• She used the benchmark to track her improvement.

Benchmark in a sentence

Appreciation

Definition: Recognition and enjoyment of the good qualities of someone or something.

• He expressed his appreciation for her help.
• I have a deep appreciation for art.
• Showing appreciation can strengthen relationships.

Appreciation in a sentence

Depreciation

Definition: the decrease in value of an asset over time

• The car's depreciation means it's worth less than when we bought it.
• Understanding depreciation helps in calculating taxes.
• He learned about depreciation in his finance class.

Depreciation in a sentence

Securities

Definition: Financial instruments that represent ownership or debt.

• Investors buy and sell securities in the stock market.
• Understanding securities is essential for trading.
• Securities can provide income through dividends.

Securities in a sentence

Derivatives

Definition: financial securities whose value is based on an underlying asset; also, things derived from others

• They discussed derivatives in their economics class.
• The company trades in various financial derivatives.
• Understanding derivatives can help manage investment risks.

Compliance

Definition: Following rules or standards.

• The company is in compliance with safety regulations.
• They ensured compliance with the new laws.
• She checked for compliance with the guidelines.

Compliance in a sentence

Fiscal

Definition: Related to government revenue, spending, and financial matters.

• The government announced a new fiscal policy.
• Fiscal responsibility is important for a healthy economy.
• She studied fiscal management in her finance course.

Fiscal in a sentence

Market Capitalization

Definition: The total value of a company's outstanding shares; synonymous with market cap.

• Market capitalization helps investors assess a company’s size.
• Her portfolio included stocks with high market capitalization.
• They analyzed the market capitalization of various firms.

Market Capitalization in a sentence

Arbitrage

Definition: The practice of buying and selling assets to profit from price differences.

• Arbitrage opportunities can occur in financial markets.
• She studied arbitrage strategies in her economics class.
• Understanding arbitrage can lead to investment gains.

Arbitrage in a sentence

Underwriting

Definition: the process of evaluating risk for insurance

• Underwriting is essential for approving insurance policies.
• He works in underwriting for a large company.
• Understanding underwriting helps in managing risks.

Underwriting in a sentence

Risk Management

Definition: The identification and assessment of risks followed by coordinated efforts to minimize them.

• Effective risk management is important for businesses.
• He studied risk management in his business course.
• The team focused on risk management strategies.

Risk Management in a sentence