Definition, Meaning & Synonyms
financial-situation
noun
/faɪˈnænʃəl sɪtʃuˈeɪʃən/
Definition
The state or condition of a person’s or organization’s monetary resources and obligations.
Examples
- After reviewing his financial situation, Tom decided to cut down on unnecessary expenses.
- The company is facing a challenging financial situation due to declining sales.
- Understanding your financial situation is crucial before making any major investments.
Meaning
A financial situation refers to how much money someone has, what they owe, and how well they can manage these aspects over time.
Synonyms
- economic status
- fiscal condition
- monetary situation
