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Vocab Lesson 23

AB
Austeritystrict economy, especially that imposed by force
Depreciateto decrease in value
Equitythe value of a property after subtracting the liabilities that can be claimed against it; net value
Frugalavoiding the unnecessary expenditure of money; thrifty
Indigentlacking money or resources to provide adequately the necessities of life; needy; impoverished
Munificentvery generous in giving
Pecuniaryconsisting of or having to do with money
Recessiona moderate and brief decline in economic activity
Remunerateto pay compensation for goods, services, or losses
Solventcapable of meeting all financial obligations, such as the payment of debts


Daniel Hand High School

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