Lesson
Basic money and currency vocabulary
Text
This lesson introduces key words and expressions about money used in business and daily life. You will learn terms related to income, expenses, payments, and financial documents so you can understand and use them in professional contexts.
Table
| Term | Part of speech | Meaning | Example |
|---|---|---|---|
| income | noun | Money received (individual or company) | Our income doubled after the product launch. |
| revenue | noun | Total money generated by sales | Revenue for the quarter reached $2 million. |
| expenses | noun (plural) | Costs required to run a business | We must reduce expenses to improve margins. |
| profit | noun | Money left after expenses are deducted | The company reported a profit this year. |
| budget | noun | A plan for income and expenses | Set a realistic budget for the project. |
| invoice | noun | A bill requesting payment for goods or services | Please send the invoice by email. |
| receipt | noun | Proof of payment | Keep the receipt for your expense report. |
| loan | noun | Money borrowed that must be repaid | They took a loan to expand operations. |
Tip
Some word combinations and prepositions are common with money vocabulary. Learn these collocations to sound natural and accurate.
Memorize verbs that pair with financial nouns (e.g., 'issue an invoice', not 'do an invoice').
Example
The company's revenue increased last quarter.
She pays her suppliers by bank transfer.
We need to cut expenses to improve profits.
He received his salary on Friday.
Tip
Learners often make predictable errors with money vocabulary. Watch out for these universal problems.
When unsure, check whether the noun is countable and which verb or preposition commonly pairs with it.
Quiz
Which sentence uses 'invoice' correctly?
Hint: Think about documents that request payment and serve as proof.
Correct!
'Invoice' is a bill requesting payment. You keep an invoice as proof of what was billed.
Incorrect
The correct answer was: I kept the invoice as proof of payment.
'Invoice' is a bill requesting payment. You keep an invoice as proof of what was billed.
Quiz
Complete: The company needs to _____ expenses to stay profitable.
Hint: Think of a verb that means 'make smaller' or 'lower'.
Correct!
'Reduce' means to make something smaller; in business we often reduce expenses to improve profit.
Incorrect
The correct answer was: reduce
'Reduce' means to make something smaller; in business we often reduce expenses to improve profit.
Quiz
Which word best completes the sentence: "A company's profit after expenses is its _____"?
Hint: Think about the final amount after subtracting costs.
Correct!
Net profit is the amount remaining after all expenses have been deducted from revenue.
Incorrect
The correct answer was: net profit
Net profit is the amount remaining after all expenses have been deducted from revenue.
Vocabulary
Money received by a person or organization, typically regularly.
Our income increased after we launched the new service.
Vocabulary
The total amount of money a company receives from its business activities.
Quarterly revenue exceeded forecasts.
Vocabulary
Costs incurred in the operation of a business or personal spending.
Travel expenses will be reimbursed after approval.
Vocabulary
A document that lists goods or services provided and requests payment.
Please send the invoice by the end of the month.
Vocabulary
A written acknowledgement that payment has been made.
Keep the receipt for expense reimbursement.
Vocabulary
A plan that estimates income and expenses for a period.
We prepared a budget for the marketing campaign.
Vocabulary
Money borrowed that must be paid back, usually with interest.
The bank approved a loan for the new office.
Vocabulary
Profit remaining after all expenses, taxes, and costs are deducted.
Net profit improved after the cost-cutting measures.