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.
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?
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.
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.
Buying a bigger car has proved to be well worth the expense.
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. Travelers cheque
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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