Definition, Meaning & Synonyms
financial situation
Noun Phrase
/faɪˈnæn.ʃəl ˌsɪtʃ.uˈeɪ.ʃən/
Definition
The state of a person’s or organization’s monetary resources and obligations at a particular time.
Examples
- After reviewing his financial situation, he decided to create a budget.
- The family’s financial situation improved when they both started working.
- Understanding your financial situation can help you make better investment choices.
Meaning
Financial situation refers to how much money someone has, how much they owe, and their overall financial health.
Synonyms
- financial condition
- economic status
- monetary circumstances
