Vocabulary and useful expressions

A current account – a bill of exchange drawn on a bank by the holder of a current account payable into a bank account, if crossed, or on demand, if uncrossed.

To pay in – to hand (money, a cheque, etc.) to a cashier for depositing in a bank, etc.

Salary – a fixed regular payment made by an employer, often monthly, for professional or office work as opposed to manual work.

To withdraw – to take or draw back or away; to remove.

To pay one’s everyday bills – to pay money every day.

A regular bank statement – a statement of transactions in a bank account, especially one of a series sent at regular intervals to the depositor.

Saving account – an account at a bank that accumulates interest.

To deposit – to put or set down, especially carefully or in a proper place; place

To take money out – to extract or remove money.

An overdraft – a draft or withdrawal of money in excess of the credit balance on a bank or building-society cheque account.

Overdrawn – to draw on (a bank account) in excess of the credit balance.

To be in the red – (informal) in debit; owing money.

In the black – in credit or without debt.

To lend – to permit the use of (something) with the expectation of return of the same or an equivalent.

A bank loan – a variable-rate bank loan used on international markets that is automatically replaced by a fixed-rate long-term bond if the long-term interest rates fall to a specified level.

A mortgage – an agreement under which a person borrows money to buy property, especially a house, and the lender may take possession of the property if the borrower fails to repay the money.

To pay for it outright – to pay for it without qualifications or limitations.

To refund – to give back (money), as when an article purchased is unsatisfactory.

A receipt – a written acknowledgment by a receiver of money.

A fee – a payment asked by professional people or public servants for their services.

A fare – a sum charged or paid for conveyance in a bus, train, aeroplane.

Tax – a compulsory financial contribution imposed by a government to raise revenue, levied on the income or property of persons or organizations, on the production costs or sales prices of goods and services.

Customs or excise duties – a refund of customs or excise duty paid on goods that are being exported or used in the production of manufactured exports.

Value added tax – the difference between the total revenues of a firm, industry, etc., and its total purchases from other firms, industries, etc. The aggregate of values added throughout an economy (gross value added) represents that economy's gross domestic product.

Unemployment benefit – a regular payment to a person who is out of work: replaced by jobseeker's allowance in 1996 Informal term: dole.

The dole – a small portion or share, as of money or food, given to a poor person.

Disability allowances – the condition of being unable to perform a task or function because of a physical or mental impairment.

Special currency – a metal or paper medium of exchange that is in current use in a particular country.

Rates of exchange – the rate at which the currency unit of one country may be exchanged for that of another.

Date: 2015-12-24; view: 895