Definition, Meaning & Synonyms

financial situation

noun

/faɪˈnænʃəl ˌsɪtʃuˈeɪʃən/

Definition

The state of one’s finances, encompassing income, expenses, debts, and assets.

Examples

After reviewing his financial situation, he decided to create a budget.
Understanding your financial situation is essential for planning future investments.
She assessed her financial situation before applying for a loan.

Meaning

Financial situation refers to the overall economic status of an individual or organization, which includes an analysis of financial health and resources available.