Meaning & use
financial status
Last updated
Meanings
phraseuncountable
the condition of someone's or something's money situation, such as income, savings, and debts
Grammar: Used as a singular uncountable phrase; it often follows 'someone's' or 'the'.
Patterns
- someone's financial status
- change someone's financial status
The bank asked about her financial status before approving the loan.
His financial status improved after he paid off his credit card debt.
The survey asked people to describe their financial status.
phraseuncountableformal
a person's official position in terms of money, often used in forms or legal contexts
Grammar: Often appears on application forms and in legal or financial documents.
Patterns
- state your financial status
- financial status of someone
Please state your financial status on the application form.
The court considered his financial status when setting the fine.
Applicants must provide proof of their financial status.
Common combinations
- financial status of
- The report describes the financial status of the company.
- improve your financial status
- Getting a better job can improve your financial status.
- current financial status
- We need to review our current financial status.
- change in financial status
- A change in financial status may affect your benefits.
Synonyms and how they differ
- financial situation
- Very similar and often interchangeable, but 'situation' can be more temporary, while 'status' sounds more official and fixed.
- financial standing
- Similar, but 'standing' often refers to reputation and creditworthiness, especially in business.
Commonly confused: financial status or financial state?
financial status vs financial state
'Financial state' is close but less common; 'financial status' is the usual phrase in forms and official contexts.
Practice
Which sentence uses 'financial status' correctly?
Choose one answer.
'Financial status' refers to someone's overall money situation, so it fits the bank context. Option 2 treats it as a specific amount, option 3 uses it as an adjective, and option 4 uses it as a verb.
Make it your own
Write a sentence using “financial status”, then check it and compare it with the examples above.