[VOA] The US Housing Rescue Plan: What It Includes

The US Housing Rescue Plan: What It Includes

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Congress : the group of people elected to make laws in the US, consisting of the Senate and the House of Representatives

finance : the management of money by governments, large organizations etc

loan : an amount of money that you borrow from a bank etc

lender : a person or organization that lends money to people on condition that they pay it back

owe : to need to pay someone for something that they have done for you or sold to you, or to need to give someone back money that they have lent you

mortgage : a legal arrangement by which you borrow money from a bank or similar organization in order to buy a house, and pay back the money over a period of years

debt : a sum of money that a person or organization owes

capital : money or property, especially when it is used to start a business or to produce more wealth

invest : to buy shares, property, or goods because you hope that the value will increase and you can make a profit

shareholder : someone who owns shares in a company or business

investor: someone who gives money to a company, business, or bank in order to get a profit

intervene : to become involved in an argument, fight, or other difficult situation in order to change what happens

the Treasury (Department) : a government department that controls the money that the country collects and spends

critics : someone whose job is to make judgments about the good and bad qualities of art, music, films etc

borrowing : when a person, government, company etc borrows money, or the money that they borrow

deplore : to disapprove of something very strongly and criticize it severely, especially publicly

disapprove : to think that someone or their behaviour, ideas etc are bad or wrong

spending : the amount of money spent, especially by a government or organization

campaign : a series of actions intended to achieve a particular result relating to politics or business, or a social improvement

lobby : an attempt to persuade a government to change a law, make a new law etc

supervision : when you supervise someone or something

budget : the money that is available to an organization or person, or a plan of how it will be spent

rescue (noun) : when someone or something is rescued from danger

resure (verb) : to save someone or something from a situation of danger or harm

taxpayer : a person that pays tax