mortgage /ˈmɔːrɡɪdʒ/
(noun) a legal agreement by which a bank or similar organization lends you money to buy a house, etc., and you pay the money back over a particular number of years; the sum of money that you borrow
Example: Hiram mortgaged his home to get extra money to invest in his business
(noun) a legal agreement by which a bank or similar organization lends you money to buy a house, etc., and you pay the money back over a particular number of years; the sum of money that you borrow
Example: Hiram mortgaged his home to get extra money to invest in his business
signature /ˈsɪɡnətʃər/
(noun) your name as you usually write it, for example at the end of a letter
Example: The customer's signature was kept on file for identification purposes
(noun) your name as you usually write it, for example at the end of a letter
Example: The customer's signature was kept on file for identification purposes
transaction /trænˈzækʃn/
(noun) a piece of business that is done between people, especially an act of buying or selling
Example: Banking transaction will appear on your monthly statement
(noun) a piece of business that is done between people, especially an act of buying or selling
Example: Banking transaction will appear on your monthly statement
debt /det/
(noun) a sum of money that somebody owes
Example: The banks are worried about your increasing debt
(noun) a sum of money that somebody owes
Example: The banks are worried about your increasing debt
authorize /ˈɔːθəraɪz/
(verb) to give official permission for something, or for somebody to do something
Example: We cannot share the test results with you until we have been authorized to do so by your doctor
(verb) to give official permission for something, or for somebody to do something
Example: We cannot share the test results with you until we have been authorized to do so by your doctor
statement /ˈsteɪtmənt/
(noun) something that you say or write that gives information or an opinion
Example: My bank sends me monthly statement
(noun) something that you say or write that gives information or an opinion
Example: My bank sends me monthly statement
limit /ˈlɪmɪt/
(noun) the greatest or smallest amount of something that is allowed
Example: We were reaching the limits of civilization.
(noun) the greatest or smallest amount of something that is allowed
Example: We were reaching the limits of civilization.
cheque /tʃek/
(noun) a printed form that you can write on and sign as a way of paying for something instead of using money
Example: to write a cheque
(noun) a printed form that you can write on and sign as a way of paying for something instead of using money
Example: to write a cheque
bank /bæŋk/
(noun) an organization that provides various financial services, for example keeping or lending money
Example: There is only one bank in this town.
(noun) an organization that provides various financial services, for example keeping or lending money
Example: There is only one bank in this town.
card /kɑːrd/
(noun) thick, stiff paper; a piece of this for writing on
Example: a piece of card
(noun) thick, stiff paper; a piece of this for writing on
Example: a piece of card
grant /ɡrænt/
(verb) to agree to give somebody what they ask for, especially formal or legal permission to do something
Example: He has been awarded a research grant.
(verb) to agree to give somebody what they ask for, especially formal or legal permission to do something
Example: He has been awarded a research grant.
withdraw /wɪðˈdrɔː/
(verb) to take money out of a bank account
Example: Both powers withdrew their forces from the region.
(verb) to take money out of a bank account
Example: Both powers withdrew their forces from the region.
pin /pɪn/
(noun) a short thin piece of stiff wire with a sharp point at one end and a round head at the other, used especially for fastening together pieces of cloth when sewing
Example: Pin all the pieces of material together.
(noun) a short thin piece of stiff wire with a sharp point at one end and a round head at the other, used especially for fastening together pieces of cloth when sewing
Example: Pin all the pieces of material together.
cost /kɔːst/
(noun) the amount of money that you need in order to buy, make or do something
Example: It costs a fortune to fly first class.
(noun) the amount of money that you need in order to buy, make or do something
Example: It costs a fortune to fly first class.
trace /treɪs/
(verb) to find or discover somebody/something by looking carefully for them/it
Example: The ship had vanished without (a) trace.
(verb) to find or discover somebody/something by looking carefully for them/it
Example: The ship had vanished without (a) trace.
cash /kæʃ/
(noun) money in the form of coins or notes
Example: Payments can be made by cheque or in cash.
(noun) money in the form of coins or notes
Example: Payments can be made by cheque or in cash.
credit /ˈkredɪt/
(noun) an arrangement that you make, with a shop for example, to pay later for something you buy
Example: Your credit limit is now £2000.
(noun) an arrangement that you make, with a shop for example, to pay later for something you buy
Example: Your credit limit is now £2000.
Interest rate /ˈɪntrəst reɪt/
(noun)
Example: I don’t know what the interest rate is.
(noun)
Example: I don’t know what the interest rate is.
mandate /ˈmændeɪt/
(noun) the authority to do something, given to a government or other organization by the people who vote for it in an election
Example: The election victory gave the party a clear mandate to continue its programme of reform.
(noun) the authority to do something, given to a government or other organization by the people who vote for it in an election
Example: The election victory gave the party a clear mandate to continue its programme of reform.
cash flow /ˈkæʃ fləʊ/
(noun) the movement of money into and out of a business as goods are bought and sold
Example:
(noun) the movement of money into and out of a business as goods are bought and sold
Example:
exceed /ɪkˈsiːd/
(verb) to be greater than a particular number or amount
Example: The price will not exceed £100.
(verb) to be greater than a particular number or amount
Example: The price will not exceed £100.
current account /ˈkɜːrənt əkaʊnt/
(noun) a type of bank account that you can take money out of at any time, and that provides you with a debit card and (sometimes) a chequebook
Example:
(noun) a type of bank account that you can take money out of at any time, and that provides you with a debit card and (sometimes) a chequebook
Example:
in words /ɪn wɜːdz/
to explain it more clearly
Example:
to explain it more clearly
Example:
in figures /ɪn ˈfɪɡə(r)z/
the symbol for a number or an amount expressed in numbers
Example:
the symbol for a number or an amount expressed in numbers
Example:
swift /swɪft/
(adjective) happening or done quickly and immediately; doing something quickly
Example:
(adjective) happening or done quickly and immediately; doing something quickly
Example:
account holder /əˈkaʊnt ˈhəʊldə/
Example:
Example:
pay into /peɪ ˈɪntʊ/
(phrasal verb) to put money into a bank account
Example:
(phrasal verb) to put money into a bank account
Example:
debit /ˈdebɪt/
(noun) a written note in a bank account or other financial record of a sum of money owed or spent
Example:
(noun) a written note in a bank account or other financial record of a sum of money owed or spent
Example:
standing order /ˌstændɪŋ ˈɔːrdər/
(noun) an instruction that you give to your bank to pay somebody a fixed amount of money from your account on the same day each week/month, etc.
Example:
(noun) an instruction that you give to your bank to pay somebody a fixed amount of money from your account on the same day each week/month, etc.
Example:
online account /ɒnˈlʌɪn /
Example:
Example: