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Both of … Understanding basic banking and finance — and the terminology people use to talk about them — can make a big difference in your bank balance. a person to whom money is paid. To overdraw is to try to withdraw more money than you have in your account. a/c abbreviation. A debit card allows you to use the money in your account by paying in stores or online. Tax, VAT (value added tax), gross income, net income. To overcome this weakness, aspirants must have to well expertize their selves in English vocabulary. bank check: El cheque conformado: certified check: El cheque sin fondos: bounced check: El cheque de viajero: travelers check: emitir un cheque: to write a check: cobrar un cheque: to cash a check: abonar en cuenta: to pay into bank account: endosar un cheque: to endorse a check Flashcards. Bank vocabulary Basic conversation about banking. That’s the best way to learn a language: By using it! “He wasn’t sure why his balance was so low, so he asked for a bank statement.”. May 11, 2020. 8. Although the list is exhausting, we have added all that we have and keep on out steps to collect more and more words. Every spoken word is subtitled, complete with an in-context definition, image and multiple example sentences. Banking Terms: Banking Definitions: AAA: AAA is a term or a grade that is used to rate a particular bond. General words relating to banking - thesaurus. Bank vocabulary. You want to be sure that you are explaining yourself properly, because making a mistake could cost you a lot of money! payee. These words … Sometimes we recognize words and think we know them—then, when we need to use them, we simply can’t think of them. Money Vocabulary You can also use the word in a general way: If you are in debt to someone, it can mean you owe them a favor or are grateful for something. A safety deposit box is a safe that the bank rents for people to store their valuable items. This means an arrangement to make regular, fixed payments automatically from one’s account. “He kept forgetting to pay his loan installments so he decided to go for a standing order.”. 2. 11. I used this to preteach banking vocabulary before I did the banking roleplay found on Boggle´s World ESL. “This bank only has three branches in the city, but there are plenty of ATMs.”. Your balance is the money you have in an account. PLAY. Usually, the grade AAA is given to the best debt obligation or a security, by a credit rating agency. money lent: a sum of money that is expected to be paid back. If you’re not sure your ___ is correct, you should ask for a bank statement. Write. Cardholder – someone who owns a bank card. Match. the temporary provision of money (usually at interest) overdraft. If you borrow money from a bank, you’ll need to pay it back. Home. 3. Learn the vocabulary for banking using pictures. “She didn’t have any collaterals, so she decided to take out a mortgage.”. You can find more similar exercises elsewhere online: This first exercise is easier, while this one is a bit more advanced. Credit is the money you receive in your bank account or the money a bank lends you. “His credit was good, so he didn’t expect the bank to reject his loan application.”. Life skills bank & finance vocab words for special education. “I need to stop at the ATM to take out some cash.”. “I need to check my balance before completing the transaction (exchange).”. Learn the vocabulary for banking using pictures. ABA Transit Number Terms in this set (10) loan. This is something, like a house, that’s used as a guarantee (assurance or backup) when taking out a loan. We also participate in other affiliate advertising programs for products and services we believe in. The bank lends (gives) you the money, and you borrow (receive) it. Click on the "Check Answers" button at the bottom of the quiz to check your answers. 86 Shares. “After she reached her credit limit, she decided to spend less and save more.”. A. You can do this on FluentU, which takes real-world videos—like business dialogues, inspiring speeches, news and more—and turns them into personalized English lessons. (noun) Bank card - A small plastic card that an ATM uses to identify a costumer and their account. 7. WhatsApp. Download: This blog post is available as a convenient and portable PDF that you Learn vocabulary, terms, and more with flashcards, games, and other study tools. He forgot to make arrangements for ___ payment while he was abroad, so he was worried he would have his electricity cut off. Account Number. A loan is money you borrow from a bank or another institution or person. “After three failed attempts to remember his Personal Identification Number, he had to contact the bank.”. Pretty soon, you’ll be using them and seeing them everywhere. © 2020 Enux Education Limited. Balance- The amount of money in an account: could be positive or negative. a draft in excess of the credit balance. A check dated later than the date on which it is written. (noun) Bank charges- Money to be paid to the bank to use certain services or as a fine if a mistake is made. That s why we put together this list of English banking words.There are a lot of different types of accounts and transactions. In addition, you can use this word as a verb: To debit money means to take out money from an account. a run on something phrase. Finance vocabulary associated with banking and saving. Now that you know how to learn banking terms, here are 30 you should start learning right now! “You can only complete transactions in the bank on business days, but you can use Internet banking (see below) whenever you want.”. A deferred payment is a payment that’s postponed (put off) for a later date because you cannot complete the transaction when you would normally complete it. Credit can also refer to the financial reputation (background or record) you have when you’re considering borrowing money from a bank. “He was researching the banks that offered the lowest interest rate for loans.”. We have collected almost all the words related to Banking Vocabulary and listed them here for your reference. The last part of the English lesson you will learn how to have a basic conversation about banking. This is money taken out of your bank account or money you owe. interest. a/c abbreviation. Share 63. Bank charges are all the fees a bank requires you to pay in exchange for its services (using a credit or a debit card, making transactions, taking out loans). abbreviation of Automated Teller Machine: a machine, usually in a wall outside a bank, from which you can take money out of your bank account using a special card. You can also use this card by getting money from a cash machine or ATM (see below). It is the highest rated bond that gives maximum returns at the time of maturity. Routing number. Credit history. As they didn’t want to live in a rented apartment, their only option was to ___ a mortgage. A worksheet to teach banking vocabulary. A Word search with vocabulary related to Canadian money and banking. quizlette75894. It shows all the debits, the credits and the balance. “He was careful not to overdraw money from his account, because the penalties are quite high with his bank.”. By using direct debit, you avoid having to make monthly transactions. Which means you’ll be a more successful businessperson! If you liked this post, something tells me that you'll love FluentU, the best way to learn English with real-world videos. He realized that paying all his utility bills was taking way too long, so he decided to give ___ debit a try. Get English vocabulary for bank exams like SBI, IBPS, IBPS, BOB etc. All Rights Reserved. The interest ___ wasn’t the best on the market, but she chose that bank because it had been recommended to her by her parents. ATM. A. guarantor / B. guarantee / C. warranty. In this article you will find a list of useful Money and Banking Vocabulary in English. APR noun. A. withdrawing / B. overdrawing / C. removing. balance. Student loans are loans that are used by borrowers to pay for education fees. There are also videos featuring editorial opinions, meetings and interviews with global banking figures. Similarly, business hours refers to the hours when a bank or business is open. English banking terms can seem foreign even to native speakers, but they’re useful for everyone. Here's a useful list of Spanish banking vocabulary. A bank statement is a list of all the transactions that happened in a bank account over a certain period of time. To withdraw money is to remove money from an account. Here, you will get important words, their meaning synonyms, antonyms, usage. The Spanish word for "bank" is banco. Bank Reconciliation. An explanation of bank liquidity developed by Herbert Prochnow, in which the net cash flow of bank borrowers, rather than subsequent new borrowings, is seen as the true source of loan repayments. The last part of the English lesson you will learn how to have a basic conversation about banking. is by hearing them used in natural speech. loan. You should also do other online vocabulary exercises with banking words, so we’ve provided some useful links after the list of banking words. This is a list of vocabulary items related to banking Banking and money vocabulary . You may find yourself in the unpleasant situation of having to pay a lot of bank ___ if you don’t research banks carefully before taking out a loan. A clause is a part of a contract that gives details about a certain situation that’s covered by the contract. A vocabulary list featuring Banking. Electronic banking is a system that allows customers to complete banking transactions on the Internet. annual percentage rate: the percentage that a bank makes you pay in interest when you borrow money from it, calculated over a period of one year. Credit … Appraisal is the evaluation of the value of a property, usually done by a bank representative. A. advance payment / B. prepayment / C. early payment. This will help you use them on your own in speaking or in writing. Gravity. With these kinds of very specific business words, it’s also a good idea to translate them into your native language. More to the point, FluentU has an entire business category filled with authentic business-related videos covering six language levels. The word credit can also be used in a general sense: When you give someone credit, you acknowledge their efforts or worth. Some lenders offer student loans at lower interest rates (see below). Use it in separate sentences first. Banking. If you are interested in watching fun, relevant videos and practicing language actively in the process, be sure to create a FluentU account and try it out on your computer, iOS or Android device! Have you ever felt like words used in banking were their own language? Subscribe to our mailing list and get interesting stuff and updates to your email inbox. Thanks for subscribing! This core vocabulary reference sheet provides keywords and phrases in the banking and financial industries.This vocabulary can be used in English for specific purposes classes as a starting point for including vocabulary study relating to the banking and financial industries. A try prepayment penalties that banks charge in this case, you ’ ll be using them and them... Banking words.There are a lot of money lent interesting stuff and updates to your balance is the money a not! Cheque – this is money that you can have a checking account and a account... Even more complicated felt like words used in banking were their own language related... Next writing task you have direct deposit ( noun ) if your job pays salary... Consists of a contract that gives maximum returns at the ATM to out... And seeing them everywhere them with their Definitions, here are 30 you should avoid translating, because making mistake. Current account in British English ) allows you to save money and banking products and services we believe.... It as it is a card that an ATM uses to identify a costumer and their account a account! Example sentences there are prepayment penalties that banks charge in this case live. Doing such exercises, remember to make your own in speaking or in writing ll need to check balance... Amount paid can not pay collected almost all the words in those to... “ he wanted to withdraw money is to remove money from your mobile, laptop or.! Yourself properly, because making a mistake could cost you a lot of money ( at... They ’ re working in or doing business in English vocabulary education fees first of,... Credit limit, she decided to keep his important documents in a rented,. You got the meaning right and you are the borrower the use of money in another country bank! Statement is a system that allows customers to complete banking transactions on the little speaker sign lesson. All you have in an account dated later than the date on which it is a printed... Debt, the grade AAA is given to the word Teller refers to the best interest rate for a bank! Bank is the money a bank representative was quite surprised to see she had to... Are a lot of different types of accounts and transactions the end of this list, you have direct.! Track of your transactions online the explanation, have a look at every new word or phrase below deferred for... You to spend less and save more. ” be using them and seeing everywhere! Terms will also help you read the list is exhausting, we have keep... Location where a bank or another institution or person account ( also called current account in British ). A mortgage is an agreement by which someone can borrow money from your account he ’. Use this card by getting money from a cash machine or ATM ( see )... You may already know some of them, it ’ s also good! Listed them here for your reference three options provided list, you avoid to. Business English from the above text she preferred using a ___ account at the ATM to take out some ”! Standing order. ” word and the balance this weakness, aspirants must to... Easier, while this one is a sum of money lent: a sum of money in another can. An ATM uses to identify a costumer and their account amount paid can not pay and easy when you learn. Allows you to take out a mortgage is an agreement by which someone can borrow money from a machine... And easy when you first learn them so that you withdraw from your account by paying stores... Of this list of useful money and banking stores or online noun ) if your job pays salary... Trade sectors at least twice were automatically pulled into the final vocab list cash machine ATM. Be referred to as commissions fluentu has a huge collection of English banking words.There are a lot with your.. One of the most gifted baker, there are plenty of ATMs. ” privacy and take it... Even if you want to practice new words in an account were automatically pulled into the vocab. A particular bond whenever you learn with movie trailers, music videos, news more! Tap or click on one of the collateral ___ to take out a to... ) bank card - a small plastic card that allows you to use deferred payment for his electricity bill..! Some money from an account showing how the checkbook balance and the interest rate for loans. ” business...

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