financial status
nounUK /faɪˈnænʃəl ˈsteɪtəs/
US /faɪˈnænʃəl ˈsteɪtəs/
How much money a person or group has and how they spend it.
The family's financial status improved after both parents found new jobs.
OTHER MEANINGS
2. A person's official record of money owed and money owned, often checked when applying for loans.
The bank reviewed her financial status before approving the mortgage.
3. The overall money condition of a company, shown in its reports.
Investors looked at the company's financial status before buying shares.
4. A category describing how much money someone has, such as low, middle, or high income.
Scholarships are sometimes given based on a student's financial status.