2.Zombie Funds:A colloquial term for a closed fund, this term refers to a for-profit life insurance fund that has been closed to new business.
Ex:Joe’s life insurance company is nothing more than a zombie fund, so it’s better stay away from it.

3. Liquid Asset:This refers to cash, or any asset that can be quickly converted to cash without loss in value.
Ex:He insisted that I need to have enough liquid assets to qualify for a home loan.

4. Net Asset Value (NAV):The NAV is the value of an entity’s assets, minus the value of its liabilities.
Ex:A mutual fund’s net asset value will tell you if your investment is worth it.

5. Oligopoly(n)[ɔli'gɔpəli ]:An oligopoly is a name for a market which is dominated by a few sellers, and therefore has less competition.
Ex:If you want to make it big in an oligopoly, keep an eye out for rival markets and be strategic about your financial decisions.

6. Pay As You Earn (PAYE):This is a tax payment method where your taxes are deducted from your salary itself, before you receive your salary.
Ex:I thought the PAYE system would cut down on my earnings, but it has actually made my life easier.

7. Quota(n)['kwoutə]:This is a share or a set number of things or people. In economics, quotas are usually limitations on imports or exports.
Ex:The new reform in the import quota is a great help for domestic suppliers.

8. Real Interest Rate:This is the current rate of interest offered by a bank, minus the rate of inflation.
Ex:The bank’s new interest rate is 5.5% but with the rate of inflation currently at 2%, the real interest rate is only 3.5%.

9. Shareholder(n)['∫eə,houldə]:A shareholder is any person or company that owns shares of stock in a corporation.
Ex:James recently became a shareholder in a major corporation.

10. Tax Haven:Simply speaking, this refers to an area where taxes are imposed at a low rate (or not at all).
Ex:Jimmy wanted to know more about offshore accounts so I told him to research tax havens.