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Dictionary of Financial Terms in Georgian Language
The first Dictionary of Financial Terms in Georgian Language is a joint project of Mastercard, the Free University of Tbilisi and the Free University Alumni Fund. The project entails the creation of both printed and electronic editions of the dictionary. The students, professors and the administration of Free University were working on creating the dictionary.
The lack of financial terms and their explanations in Georgian language is a significant barrier for increasing financial literacy in Georgia. The dictionary will help Georgian students and users to understand the terms better in Georgian. Free University’s team will also try to develop the professional language and establish new financial terms in Georgian language, which have been used in forms of barbarisms until now.
Free University will use the dictionary in its learning process.
“We are pleased to present the first Georgian Dictionary of Financial Terms, which is a joint project of Mastercard, the Free University of Tbilisi and the Free University Alumni Fund. The project entails the creation of both printed and electronic editions of the dictionary.
The publication contains over 300 financial terms, selected for the first Georgian dictionary of financial terms by members of the Free University’s working group.
The team working on identifying Georgian-language equivalent terminology, elaborating definitions and finetuning the publication, consisted of Free University professors, management and the Free and Agricultural Universities’ Press. A selected group of Free University students assisted the team in this process.
Financial terminology is often used without translation. Foreign words are transplanted directly and assimilated into the language, which, on the one hand, may be beneficial for the common understanding of a given term, however, on the other hand, is often an arbitrary and unnecessary attempt to replace possible Georgian terms.
Further, it is challenging to first identify Georgian equivalent terms, then to elaborate telling definitions, and then to anchor them into daily usage. We would like to sincerely thank our partners and everyone who contributed to the creation of this dictionary, and express the hope that our joint and professional effort will be successful. The book is intended for all persons interested in the field of finance.”
Free University of Tbilisi
“Mobile technology is expanding access to financial services for more people around the globe. By working with fintechs, as well as with traditional financial service providers, we aim to expand digital financial services and complement informal financial practices, leveraging social networks and engaging clients in real time, while using data to tailor products and to extend the access to and use of financial services.
There is an opportunity to address important financial needs through existing digital services. At Mastercard we believe that financial literacy is prerequisite of financial inclusion which is a main pillar for the development of the country, development of society and achieving an inclusive sustainable economy.
The lack of definition of financial terms in local language is one of the barriers keeping citizens from being proficient in financial literacy and joining to an inclusive economy. Having “doing good by doing well” as Mastercard’s main motto, we are proud to partner up with Free University on creating Explanatory Dictionary of Financial Terms in Georgia.”
Mastercard
Freeuni Alumni Fund would like to express its best appreciation to Free University’s students, professors, and administration for creating a Dictionary of Financial Terms and to Mastercard for its generous support of the project. The dictionary will help Georgian students and users in understanding financial terms better in the Georgian language. Moreover, by introducing new terms the dictionary will contribute to the development of the Georgian language. It is an honor for Alumni Fund to support such a project.
Freeuni Alumni Fund
