Have you ever found yourself wondering where all those different words in your economics courses come from? Lose no more sleep! A handy word origins list is presented below. Each term is listed, so all you have to do is click on the word and you'll go right to a brief discussion of its origin.
| 1. Bonds | 8. Coin | 15. Finance | 22. Salary |
| 2. Borrow | 9. Commerce | 16. Labor | 23. Securities |
| 4. Budget | 10. Communism | 17. Manager | 24. Socialism |
| 4. Business | 11. Company | 18. Merger | 25. Stocks |
| 5. Capital | 12. Consumer | 19. Money | 26. Surplus |
| 6. Cartel | 13. Deposit | 20. Monopoly | 27. Tariff |
| 7. Cash | 14. Economist | 21. Revenue | 28. Trade |
Bonds. This term is taken from the early English word band, which means
a fastening. The word bond implies that one is "bound"
to repay an obligation.
Borrow. The word borrow derives from the Old English word borg,
which means "pledge".
Budget. In the Middle Ages, French merchants carried their
money in a bougette, or "little bag". The word
borrows from the Latin word bulga, meaning "a leather
bag". Within the bag, one's monetary resources were kept.
Business. Business originally applied to a person suspected of taking
part in mischievous activity. Eventually, it related to any type
of activity, and later still to a type of vocation.
Capital. This word comes ultimately from the Latin word
for "head". The words capital and cattle
come from this same root. Cattle were and are a source of wealth,
and are typically measured in terms of how many "head of
cattle".
Cartel. This word originates with the Latin word charta, which
means "paper" and led to the English word for chart.
Initially, the word referred to a written challenge to a fight.
Later, it changed its meaning and referred to a libelous written
statement. By the 1600s, it became an agreement associated with
prisoner of war exchanges. Eventually, the word came to take on
its current meaning, "an agreement in restraint of trade".
Cash. This word stems from the Latin word for "box", cassa.
Originally, the French used this term to refer to the "moneybox"
holding any cash, but later the term applied to the cash
itself.
Coin. The word coin comes originally from the Latin word cuneus, meaning
"wedge". The term came to apply to the wedge-shaped
die that made these small pieces of money. Later, the word coin
was applied to the stamped image on the money, but eventually
referred to the money itself.
Commerce. This word is a combination of two Latin words:
com, meaning "together"; and merx, meaning
"goods".
Communism. This is a term developed by Karl Marx from the Old French
word for "common" and based upon the Latin word communis,
or "essential goods". It was thought that essential
goods should be owned in common and thus shared.
Company. The Latin words cum, "with",
and panis, "bread", combine to form the source
of the word company. Initially, the word was relational,
corresponding with the word companion. Eventually, it came
to exist within a business context as well.
Consumer. The Latin term consumo means "eat
up completely", which understandably led to our current use
of the term consumer.
Deposit. Deposit is created by putting together two Latin words: de,
a relatively common prefix that means "away"; and positus,
meaning "placed".
Economist. This important word is taken from the Greek word oikonomia,
which means "house management". It originally applied
to persons who were good administrators within a community, business
or home.
Finance. Finance derives from the Latin and Old French word for
fine, which originally meant "end". The French
word for finance came to mean both "payment"
and "ending", but in the 18th century the English adapted
it to mean "the management of money".
Labor. This word comes from the Latin word laborare,
which means "to be tired". Beginning with the Reformation,
labor supposedly came to be regarded as a duty.
Manager. The word manager comes from the Italian word maneggiare,
"to train horses", which derives from their word mano,
meaning "hand".
Merger. The Roman word for "plunge" or "sink"
is mergo.
Money. One of the responsibilities of the Roman goddess
Juno was to warn the Romans of impending danger. In this capacity,
she was called Juno Moneta, where the name Moneta derives
from a Latin word meaning "warn". As a tribute to Juno,
the Romans built a temple in her honor on Capitoline Hill, which
later became the place where coinage was kept. Becoming known
also as the guardian of finances, the name Moneta would
evolve into our word money.
Monopoly. In Greek, the word monopolion means "the
right to exclusive sale".
Revenue. The word revenue was created by combining the Latin words: re,
which means "back"; and venio, which means "come".
Salary. The Latin word salarium, meaning "salt
allowance", is the origin of the word salary. A necessary
part of one's diet, Roman soldiers were supposedly given an allowance
to buy salt as part of their income. In time, this word applied
more generally to one's wages.
Securities. The Latin words se and cura combine
to form this word. Translated literally, these words mean "without
care".
Socialism. This term originates with the Latin word socius, which
had the basic meaning of "sharing", but was also used to
refer to a comrade, a sharer or an ally.
Stocks. Stocks originates from the Old English word stocc,
a word for tree trunk. It implied that something was solid, or
even safe.
Surplus. The word comes from two related French words:
sur, which means "over"; and plus, which
means "more".
Tariff. This word comes from an ancient Arabic term, tarrif,
which means "notification".
Trade. When suppliers were less mobile, they walked between
places where their goods were sold. The Old English word for "tread"
is trod, and the root of the word trade.