BUSINESS ENGLISH Financial Terms

Profit

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Turnover

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Interest rate

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Costs

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Asset

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Liability

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BUSINESS ENGLISH Financial Terms

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Profit

Money which is earned after paying the cost of producing and selling goods and services.

Turnover

The total amount of money received from sales of goods and services.

Interest rate

The amount that a bank charges on money that it lends.

Costs

The money you need to spend to keep an organisation functioning.

Asset

Something valuable belonging to an organisation which can be used for the payment of debts.

Liability

debt

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