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BEC : Finance - Vocabulary

Hello, this is AJ. Welcome to the vocabulary lesson. Let’s start.

Our first phrase is ‘covers quite a lot of ground’. You can also say covers quite a bit of ground. So what this means is talks about or discusses or covers a lot of information, a wide variety of information. So if you say that speech covered quite a lot of ground or that speech covered a lot of ground or covered a bit of ground, any of those, it all means the same, it means the speech talked about a lot of information, a wide variety of information. So to cover a lot of ground means to really discuss a lot of information, a wide variety or to address a wide variety of information or topics.

Next, ‘the top dog’, the top dog. This is a nice little slang phrase. It used in business and in general English. It just means the top person, the person at the top. You might call the boss the top dog. You know he’s the top dog. It means he’s the one in charge.

She’s the top dog. She’s the top dog of this company. She’s the top boss of this company.

‘To comply with’, to comply with - To comply with just means to follow. So if you comply with rules it means you follow the rules. It means you do what you’re supposed to do. So we comply with regulations. We comply with rules. That means we obey them or we follow them.

‘What-if scenarios’ is the next phrase, what-if scenarios. So here what-if is used as an adjective. It’s a kind of scenario. A what-if scenario is a scenario. It’s a possibility that might happen. So in a meeting someone might say what are the what-if scenarios? That means what are the possibilities. We don’t know exactly what will happen, but what are the scenarios? What are the possibilities that might happen? ‘An influx’, an influx of something; for example, an influx of money - An influx means a lot coming in. It usually has the idea of a sudden large amount of something coming in.

If we get an influx of money it means we get a lot of money coming in quickly. That word influx has the word ‘in’ as part of it, so influx; a lot of stuff coming in. It could be money.

It could be anything. It depends on the situation.

We talked about ‘profit margins’ in the conversation and we explained what that means. Sometimes you’ll just hear the word ‘margins’. People won’t say profit margin, they’ll just say margins. That company has great margins, meaning a large amount of their revenue is profit.

‘A revenue picture’. A revenue picture just means a revenue budget or a revenue situation. So if you commit to a revenue picture it means you’re committing to a revenue situation or goal.

An ‘expense picture’, again, that just means an expense situation. It could be a goal, an expense goal. That’s all it means.

‘On a massive scale’ –It means on a huge scale, on a large scale. So let’s say we’re talking about real estate. We have personal real estate and then we say corporations also invest in real estate on a massive scale, meaning in much larger amounts, in huge amounts. So an individual person might buy one house, a corporation could buy thousands of houses or whole subdivision or whole apartment buildings. It’s a much bigger scale. It’s still real estate, but it’s on a massive scale. It’s on a huge scale; huge amounts.

‘Stockholders’ - Those are simply people who own stock in a company. So large corporations they sell stock, meaning they sell shares of ownership in the company. So a stockholder means they own at least one share of the company. They own at least one small part of the company.

‘Land holdings’, land holdings - It’s exactly what it sounds like. It means real estate. It means land that you own. You could say that company has huge land holdings. It means they have a huge amount of land that they own. They hold the land. They own it.

‘Financing’ - Financing can mean lending, right? If you say the financing department, that could be the department that lends money to people for interest. Financing is this idea of loaning and borrowing, especially when we’re talking about it on a smaller scale.

Finance can have a lot of complicated meanings, but if you’re talking about financing, I need financing for this car, you need a loan for the car or I need to get financing, I need to get a loan. So, financing in this case is referring to lending.

You heard the phrase ‘a financing arm’ or the financing arm of a company. Here ‘arm’ just means department or segment. We also used the word ‘wing’ to describe this, the financing wing of the company, meaning the financing section, the financing department of the company. You can say the financing arm. You can say the financing wing. You could use this with any part of the company. You could say the marketing arm or wing or the advertising arm or wing. It just means part or segment.

‘When you get right down to it’ - This is a very common phrase in general English, when you get right down to it. It really means what’s most important. So if you say when you get right down to it, it’s a way to introduce the most important topic or to say what the most central idea is. So you’re introducing the key topic or the central topic or you’re summarizing something and you say this before you do that. So you might say when you get right down to it, financing is a big topic. I’m summarizing the main idea. So when you get right down to it, it means we’re getting rid of everything else, we’re getting down to. It means we’re focusing on the main point.

And, finally, ‘revenue stream’ - So you know revenue is just money coming in. ‘Steam’ is like the idea of cash flow. It means it’s constantly coming in. So a revenue stream is revenue that keeps coming continually, every day, every week, every month. It’s not just one check or one stack of cash that you get one time.

For example, if you say the financing department is a great revenue stream, it means that department is producing revenue constantly. It’s like a stream. It’s like a river. It flows. It moves. It’s constantly coming. More is constantly coming. So that’s the idea of a revenue stream. It’s also really the idea of cash flow. That’s why we use the word ‘flow’ when we use that phrase cash flow because, again, it gives this idea that it keeps coming. That it’s flowing. It’s moving. It keeps coming in, keeps coming in, keeps coming in and it goes out too.

All right, that is the end of our vocabulary lesson. Listen, listen, listen, you already know this I’ve said it many times. Listen every day, once a day at least for seven to 10 to 14 days. See you next time, bye-bye.

The End.