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Topic: Finance

abatement

IPA: /əˈbeɪtmənt/

KK: /əˈbeɪtmənt/

noun

Definition: A reduction in the amount, degree, or intensity of something, often used in legal or financial contexts to refer to the act of lowering or eliminating a charge or obligation.

Example: The city implemented an abatement program to reduce pollution levels.

abater

IPA: /əˈbeɪtə/

KK: /əˈbeɪtər/

noun

Definition: A person or thing that reduces or lessens something, often in terms of intensity or amount.

Example: The abater of the noise ensured a peaceful environment for everyone.

accessorial

IPA: //əkˈsɛsəriəl//

KK: /ækˈsɛsəriəl/

adjective

Definition: Relating to something that is additional or supplementary, often serving as an accessory to a main item or concept.

Example: The accessorial role of the assistant was crucial to the project's success.

noun

Definition: A charge or fee that is added to the main cost of a service or product, often for additional services or features.

Example: The shipping company included an accessorial for the extra handling of the fragile items.

account

IPA: /əˈkaʊnt/

KK: /əˈkaʊnt/

noun

Definition: A record or description of events, a relationship with a business for transactions, or a summary of financial activities.

Example: She opened a new account at the bank to manage her savings.

transitive verb

Definition: To regard or think of someone or something in a particular way.

Example: Many people account him as one of the greatest artists of our time.

accountability

IPA: /əˌkaʊntəˈbɪləti/

KK: /əˌkaʊntəˈbɪləti/

noun

Definition: The state of being responsible for something, where a person must explain their actions or decisions. It means being answerable for what you do and being willing to accept the consequences.

Example: The manager emphasized the importance of accountability in the workplace.

accountable

IPA: /əˈkaʊntəbl/

KK: /əˈkaʊntəbl/

adjective

Definition: This word describes someone who is responsible for their actions and must explain them to others. It means being answerable for what you do.

Example: As a manager, she is accountable for her team's performance.

accountably

IPA: /əˈkaʊntəblɪ/

KK: /əˈkaʊntəblɪ/

adverb

Definition: In a way that shows responsibility for actions and decisions, often involving being answerable to others.

Example: The team must work accountably to ensure transparency in their actions.

accountancy

IPA: /əˈkaʊntənsi/

KK: /əˈkaʊntənsi/

noun

Definition: The practice of keeping track of financial records, including the preparation of reports that show a company's financial status. It involves tasks like recording transactions, analyzing data, and ensuring that financial information is accurate.

Example: She decided to pursue a career in accountancy after completing her degree in finance.

accountant

IPA: //əˈkaʊntənt//

KK: /əˈkaʊntənt/

noun

Definition: A person whose job is to manage and examine financial records, ensuring accuracy and preparing reports related to finances and taxes.

Example: The accountant prepared the annual financial statements for the company.

accountantship

IPA: /əˈkaʊntəntʃɪp/

KK: /əˈkaʊntəntʃɪp/

noun

Definition: This term refers to the position or job of a person who manages financial records and prepares financial statements for individuals or organizations.

Example: After years of study, she finally secured a position in accountantship.

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