1. ATM
Meaning: 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.
2. Bank balance Meaning:
The amount of money
in a bank account.
Example: I'd like to check my bank balance, please.
3. Bank statement Meaning:
A printed record of
the money put into and removed from a bank account
4.
Bounce
Meaning:
when a check cannot
be paid or accepted by a bank because of a lack of money in the account:
Example: I had to pay a penalty fee when my check bounced.
5.
Cash
Meaning: (noun) money in the form of notes and
coins, rather than checks or credit cards:
Example: Do you have any cash on you?
Example: Do you have any cash on you?
6. Cash a check/Cheque
Meaning: (verb) to exchange a check for cash:
Example: Would you cash a check for me?
7.
Checkbook
(US) / Chequebook (UK)
Meaning:
a book of checks /
cheques with your name printed on them which is given to you by your bank to
make payments with.
8.
Check
(US) / Cheque (UK)
Meaning:
a printed form, used
instead of money, to make payments from your bank account:
Example: I wrote him a check for $100.
9.
Credit
1. Money in your bank
account.
Example: I was relieved to see from my statement that my
account was in credit
2. A method of paying for
goods or services at a later time, usually paying interest as well as the
original money.
Example: They decided to buy the car on credit.
10. Credit card
Meaning:
a small plastic card
which can be used as a method of payment, the money being taken from you at a
later time.
11. Checking account (US) / Current
account (UK)
Meaning:
a bank account that
you can take money from at any time and which usually earns little or no
interest.
12. Debit
Meaning: (a record of) money taken out of a
bank account.
The
account was in debit at the end of the month (= more money had been spent than
was in the account at that time).
13. Debt
Meaning:
money, which is owed
to someone else, or the state of owing something:
Example: He managed to pay off his debts in two years.
Example: The firm ran up huge debts.
Example: The firm ran up huge debts.
14. Deposit (US) / pay in (UK)
Meaning:
to put money into a
bank account.
Example: If you go to the bank, will you deposit these checks
for me?
15. Direct debit
Meaning:
an arrangement for
making payments, usually to an organization, in which your bank moves money
from your account into the organization's account at regular times:
Example: I pay my electricity bill by direct debit.
16. Expense
Meaning:
when you spend or use
money.
Example: Buying
a bigger car has proved to be well worth the expense.Example: We've just had a new garage built at great expense.
17. Insurance
Meaning:
an agreement in which
you pay a company money and they pay your costs if you have an accident,
injury, etc:
Example: life/health/car/travel insurance
18. Interest
1. money which is charged
by a bank or other financial organization for borrowing money.
Example: I got a loan with an interest rate of 10%.
2. money that you earn
from keeping your money in an account in a bank or other financial
organization.
Example: You should put the money in a savings account
where it will earn interest.
19. Loan
Meaning:
a sum of money which
is borrowed, often from a bank, and has to be paid back, usually together with
an additional amount of money that you have to pay as a charge for borrowing.
Example: She's trying to get a $100 000 loan to start her
own business.
20. Payee
Meaning:
a person who money is
paid to or should be paid to.
21. Savings account (US) / deposit account
(UK)
Meaning:
a bank account in
which you usually leave money for a long time and which pays you interest.
22. Standing account (UK)
Meaning:an instruction to a bank to pay a
particular amount of money at regular times from a person's bank account to
another bank account (compare direct
debit)
23. Tax
Meaning: (an amount of) money paid to the
government, which is based on your income or of the cost of goods or services
you have bought:
Example: They're putting up the tax on cigarettes.
24. Traveler's check
Meaning:
a piece of paper that
you buy from a bank or a travel company and that you can use as money or
exchange for the local money of the country you visit
25. Withdraw
Meaning:
to take money out of
a bank account.
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