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go bankrupt: to be unable to pay one’s debts
extravagant: a habit of spending more
frugal: simple which costs you less
mortgage: convey (a property) to a creditor as security on a loan
exorbitant: unreasonably high priced
good bargain: a good deal
Run over: to exceed a planned amount of money or time
Pay off (someone*): to reward/ to bribe*
cash flow: the money coming in and going out of a business
Payback: to repay, to return a loan
Rake in: to make a lot of money
niche business: a business that serves a small, particular market
sales figures: a report of the income a company generates through sales of products or services
stiff competition: strong competition
to win a contract: when a business gets legally-binding work with an individual or company
Hammer out: to produce something with much difficulty
Nail down: to finalize something
balance the books: balance the expenditure
cold call: to make a sales call to someone without asking them for permission first
drum up business: to try to get customers
earn a living: to earn money
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