Definition, Meaning & Synonyms
financial situation
noun
/fəˈnænʃəl sɪtʃuˈeɪʃən/
Definition
The current state of an individual’s or organization’s monetary status, including income, expenses, assets, and liabilities.
Examples
- Before making a big purchase, consider your financial situation.
- His financial situation improved after he secured a better job.
- Understanding your financial situation can help in planning for the future.
Meaning
Financial situation refers to how well someone or a company is doing in terms of money management and economic health.
Synonyms
- financial status
- monetary condition
- economic position
- fundamental standing
