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Each entry provides a word, its phonetic transcription, and a clear definition covering accounts, banking services, cash instruments, payment cards, currency exchange, credit and debt, and common financial agreements. The set includes practical terms such as ATM, balance, bank charge, cheque, deposit, interest rate, loan, mortgage, overdraft, salary, and statement to support learning and accurate 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An arrangement with a bank which allows you to deposit and withdraw money and they keep a record of it |\n| ATM (automated teller machine) | eɪ-tiː-ɛm | A machine from which you take cash |\n| balance | bæləns | The amount of money available in an account |\n| bank | bæŋk | A ﬁnancial institution |\n| bank charge | bæŋk ʧɑːʤ | A fee from the bank for certain\u003Cbr>activities, such as transferring money |\n| beneﬁt | bɛnɪfɪt | Financial support payments made by the government |\n| to borrow | tu ː bɒrəʊ | To take and use temporarily with the intention of returning it |\n| branch | brɑːnʧ | The location of a banking centre |\n| building society | bɪldɪŋ səsaɪəti | A ﬁnancial institution |\n| bureau de change | bjʊərəʊ diː ʧeɪnʤ | An establishment where foreign money can be exchanged |\n| cash | kæʃ | Money in coins or notes |\n| cashier | kæʃɪə | A person handling payments in a company |\n| cheque | ʧɛk | An order to a bank written on aspeciﬁc printed form |\n| cheque book | ʧɛk bʊk | A book made up of numerous cheques |\n| coin | kɔɪn | A circular piece of metal representative of a value of money |\n| counterfeit | kaʊntəfɪt | Fake |\n\nCopyright © 2023 Virtually Fluent Ltd.  \n| Word | Phonetic Transcription | Deﬁnition |\n| --- | --- | --- |\n| credit card | krɛdɪt kɑːd | A small plastic card that allows payments to be made from a bank account on credit |\n| currency | kʌrənsi | A system of money in a country |\n| debit card | dɛbɪt kɑːd | A small plastic card that allows payments to be made from a bank account on debit |\n| debt | dɛt | Money that is owed |\n| denomination | dɪnɒmɪneɪʃn | The value of a note |\n| deposit | dɪpɒzɪt | A sum of money paid to ensure a service/product is delivered, a pledge for a contract |\n| due | dju ː | Expected |\n| exchange rate | ɪksʧeɪnʤ reɪt | The value of one currency compared to another |\n| foreign exchange | fɒrɪn ɪksʧeɪnʤ | The institution for numerous currencies around the world |\n| interest free | ɪntrɪst fri ː | No money is paid on top of any money borrowed |\n| interest rate | ɪntrɪst reɪt | The percentage of money borrowed that needs to be paid on top of the original amount |\n| to invest | tu ː ɪ nvɛst | To put money into a scheme |\n| joint account | ʤɔɪnt əkaʊnt | Two or more individuals hold one account together |\n| legal tender | li ːɡəl tɛndə | Coins and banknotes that are legally accepted as payment |\n| to lend | tu ː lɛnd | To give with the expectation it will be returned |\n| loan | ləʊn | Money that is borrowed and will be paid back with interest |\n\nCopyright © 2023 Virtually Fluent Ltd.  \n| Word | Phonetic Transcription | Deﬁnition |\n| --- | --- | --- |\n| loan shark | ləʊn ʃɑːk | A moneylender that lends money with extremely high interest rates, typically illegal |\n| mortgage | mɔːɡɪʤ | An agreement with a ﬁnancial institution to lend you money to buy a house |\n| note (banknote) | nəʊt | A piece of paper representative of a value of money |\n| overdraft | əʊvədrɑːft | Ability to take out more money than available in your account, therefore lent by the ﬁnancial institution |\n| pension | pɛnʃn | Money received during retirement |\n| petty cash | pɛti kæʃ | Easily accessible money, typically coins and notes |\n| piggy bank | pɪɡi bæŋk | A money box to store coins |\n| PIN code | pɪ n kəʊd | A secret code used to make payments from a debit or credit card |\n| safe | seɪf | A locked vault to protect money or valuable belongings inside |\n| salary | sæləri | Money received for doing your job |\n| standing order | stændɪŋ ɔːdə | A regular payment set up to automatically come out of your account |\n| statement | steɪtmənt | A document showing all outgoing and incoming payments in your account fora set period of time |\n| till | tɪl | Drawer for money to be kept in a shop |\n| to withdraw | tu ː wɪðdrɔː | To take out |\n\nCopyright © 2023 Virtually Fluent Ltd.","cbCaiel7TAIJQmFR","https://ap.wps.com/l/cbCaiel7TAIJQmFR","pdf",83727,"English","# Money\n## Banking and accounts\n## Cash, payments, and documents\n## Credit, debt, and borrowing","[{\"question\":\"What does “balance” mean in finance vocabulary?\",\"answer\":\"“Balance” means the amount of money available in an account.\"},{\"question\":\"What is the difference between a credit card and a debit card?\",\"answer\":\"A credit card lets payments be made from a bank account on credit, while a debit card lets payments be made from a bank account on debit.\"},{\"question\":\"What does “interest rate” refer to?\",\"answer\":\"“Interest rate” is the percentage of money borrowed that needs to be paid on top of the original amount.\"}]","Money - Vocabulary | PDF",1790592327]