Business English: Money Vocabulary
Money is not the most important thing in life, some people may affirm, but how necessary it is! Some things money cannot buy, but it produces, manages, distributes, trades, puts on display, brags, gives importance and meaning. Money cannot buy happiness, but somehow it helps!
Money Vocabulary
Bank charge - money that a customer pays to a bank for its services.
Bank statement - a document that keeps record of the money put into and taken out of a bank account.
Broke - without money. "I can't afford to go out tonight. I'm broke."
Cheque - a printed form, used instead of money, to make payments from your bank account.
Currency - the money that is used in a particular country.
Debt - money which is owed to someone else.
Draft - a written order for money to be paid by a bank, especially to another bank.
Exchange - to give something to someone and receiving something in return. "The skirt I bought was too small so I exchanged it for a bigger one."
Funds - an amount of money that has been saved or has been made available for a particular purpose. "The company does not have the funds to buy new equipment."
Haggle - to argue with somebody in order to reach an agreement about the price of something.
Inherit - to receive money from somebody when they die.
Interest rate - the per cent of an amount of money which is charged or paid by a bank or other financial company.
Invest - to put money into something to make a profit.
Loan - a sum of money which is borrowed, often from a bank, and has to be paid back.
Rate - an amount or level of payment.
Save - to prevent money being wasted or spent.
Transfers - when money moves from one place to another e.g. from one bank account to another.
Withdraw - to take out or remove money from the bank.
Fill the gaps while you learn vocabulary related with money:
- 1. When I need money I ___ some from a cash machine.
- 2. They ___ ten per cent of their wages every month to go on holiday.
- 3. The banks give ___ to people or companies to help them with their projects.
- 4. The ___ is a price that people or companies pay in order to use the money for a certain period of time.
- 5. The dollar is the most important ___ in the foreign exchange market.
- 6. The movements of money between banks are called ___.
- 7. When people decide to start a business they need to ___ money, looking for profitable returns.
- 8. When I want to buy something I always ___in order to get a lower price.
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