Bank, Bureaucracy, Properties and Legal Stuff

Question 1

purchase

Answer 1

to acquire by the payment of money or its equivalent; buy.

Question 2

mortgage

Answer 2

hipoteca

Question 3

borrow

Answer 3

préstamos

Question 4

invest

Answer 4

invertir

Question 5

loan

Answer 5

préstamo.

Borrowed for temporary use

Question 6

fixed-rate

Answer 6

Tasa fija

ej. fixed rate mortgages

Question 7

rate

Answer 7

tasa

Question 8

budget

Answer 8

presupuesto

Question 9

interest payment

Answer 9

pago de intereses

Question 10

lenders

Answer 10

prestamistas

Question 11

insurance

Answer 11

seguro

home insurance, life insurance

Question 12

tax-free

Answer 12

libre de impuestos

Question 13

Payroll

Answer 13

Nómina
(lista de empleados en nómina)
tb. salary

Question 14

Joint Return

Answer 14

Declaración (de la Renta) Conjunta.

Question 15

Apt. no.

Answer 15

Apartment Number

Question 16

Income

Answer 16

Ingresos, Renta

Question 17

SSN

Answer 17

“Social Security Number”, a number which the government uses to identify each resident in the country.

Question 18

ballpark

Answer 18

give (someone) a ballpark

A “ballpark” is a rough estimate. In other words, it’s a guess about an amount that’s close to the correct number, but not exact. You use it like this:
- “Here’s an estimate of the cost. Keep in mind, it’s just a ballpark”.

• “We’ll call up the electrician and have them give us a ballpark, but I’ll check with you before I have them do any work”.

This phrase comes from the sport of baseball. A “ball park” in a place where people watch baseball games. If two locations are within the same ball park, then they’re not exactly close to each other, but they’re not too far away either.
(aproximación, cálculo aproximado, rango estimado)

Question 19

Real Estate

Answer 19

“Real estate” means buying and selling homes, apartments, buildings, and land.
(bienes inmuebles)

Question 20

Develoment (talkin’ about real-estate)

Answer 20

urbanización

Question 21

En Suite

Answer 21

forming one unit [eg: bedroom with bathroom en suite]

adjacent, (room: adjoining, private)

Question 22

Freehold

Answer 22

the holding of land or property for an unlimited period of time
(propiedad vitalicia)

Question 23

Furnished

Answer 23

[of a house, apartment etc] let with furniture - to furnish v.

Question 24

Leasehold

Answer 24

the holding of land or property for a predetermined period of time
(arrendamiento)

Question 25

Tenant

Answer 25

a person who rents an apartment, house, office etc from a landlord
(inquilino)

Question 26

Yard

Answer 26

space or ground surrounding a building; garden (patio)

Question 27

Pay hike

Answer 27

an increase in your pay

incremento salarial

Question 28

Pay cut

Answer 28

a decrease in your pay

recorte salarial

Question 29

pay off a loan

Answer 29

finish paying back money that you borrowed

Question 30

refinance a home

Answer 30

get a new loan that you use to pay off a previous loan

Question 31

tax deduction

Answer 31

money that you can subtract from your income when you’re calculating how much you have to pay for taxes

Question 32

IRS

Answer 32

the U.S. tax agency

(Internal Revenue Service) -Servicio de Rentas Internas; Hacienda Pública.

Question 33

capital gains tax

Answer 33

A tax on money that you make by selling something like your house for more than you bought it for.

Question 34

Purchase

Answer 34

(buy, something bought, the act of buying, acquire - compar, compra, adquirir)

Question 35

Tuition

Answer 35

Matrícula (de registro en una escuela, universidad, instituto, etc)
Tuition fee - cuota/tasa de matrícula.

Question 36

Student Loans

Answer 36

When people study at a college or university, they sometimes need to borrow money to pay for their tuition. Banks offer special loans for students which the students can pay off after they’ve graduated from school. These loans are called “student loans”.

Question 37

Layoff

Answer 37

Despido (make redundant)
Despedir, poner de patitas en la calle, echar a la calle.

Laid off (informal) despedido.

• I was laid off today.
• Half of our staff was laid off this year.

Question 38

Make Cutbacks

Answer 38

To “make cutbacks” means to reduce the expenses of a business or government.

In the example above, the speaker says “make cutbacks” to avoid directly saying that the company laid people off. The reason that companies lay off employees is to save money, so when you say that you’re “making cutbacks”, it is often understood to mean that you’re laying people off.

Example:
Your company recently laid off 15% of the employees. You’re running a meeting with your staff to talk about how to deal with the layoffs. After starting the meeting, you begin by saying: “As you’re all aware, we’ve been forced to make significant cutbacks”.

(Reducción de gastos, recortes. Economizing)

Question 39

Eviction

Answer 39

getting kicked out of an apartment or house

desalojo, desahucio

Question 40

Lease

Answer 40

arrendar / Contrato de Arrendamiento
“If you have a roommate who is having trouble putting together all the necessary documentation to sign a lease, chances are that person won’t be a reliable roommate”.

A “lease” is a legal document for renting a house, apartment, business space, car, etc. It’s an agreement between the owner and the renter.

To show that you accept a legal agreement like a lease, you “sign” your name. This means that you write your name in a way that is specific to you.

So when you’re going to rent some property, you have to “sign the lease”.

Question 41

Assets

Answer 41

bienes, activos, propiedades
(possessions, property, goods)
“When a couple get divorced, they’re going to split their assets (separar sus bienes)”.

Question 42

Overhead

Answer 42

(US) financial expenses.

Gastos generales.

Question 43

Fee(s)

Answer 43

• Payment for participation -The admission fee to the zoo is cheap. (la entrada al zoo es barata) -pago, entrada, precio.
• Professional charge (honorarios) The lawyer charges a fee for his service.
• Charge for public services (tarifa)
• There is a fee for getting your driving license.
• You pay your visa fees (price of the process to apply for the visa) and submit your application (y presenta su solicitud)
• Administrative fee (payment made for registration or setup - gastos administrativos)
• Advance fee (money paid upfront, deposit - cuota por adelantado)
• Bank fee (charges made by a bank - cuota bancaria)
• Base fee (tarifa mínima/base)
• Booking fee (comisión por reserva)
• Delivery fee (price for transporting sth to customer/gastos de envío)
• Entry fee (cuota de inscripción, precio de entrada)
• Filing fee (administration charge - gastos administrativos)
• Handling fee (amount charged to process sth - gastos de tramitación)
• Hidden fee - cargos extra
• Licence fee - canon
• Nominal fee - cuota mínima.

Question 44

Comply, Comply with

Answer 44

Meet requirements (cumplir con los requisitos) 
- If you comply with all the requirements (meet the standards) then you’re eligible (apto) and it’s likely that you’ll be granted (approved for -otorgado, concedido) the permit (autorización) to visit or live in that country

Question 45

Maintain a Minimum Balance

Answer 45

Some bank accounts require that you keep a certain amount of money in the account. If you have less money than that, you’ll be charged a fee. The amount that you have to keep is called the “minimum balance”, and keeping more money than that number is called “maintaining” a minimum balance.

Example:You’re starting a bank account. Some bank accounts charge a fee if you don’t keep enough money in the account. You ask whether this bank does that: “Will I need to maintain a minimum balance?”

(mantener un saldo mínimo)

Question 46

External Transfer

Answer 46

Sending money from a bank account to some other account is called “making a transfer” or “transferring money”.

If you send the money to another account at the same bank, it’s an internal transfer. “Internal” means “inside”.

If you send the money to an account at another bank, it’s an external transfer. “External” means “outside”

Question 47

Recurring Transfer

Answer 47

Something that repeats again and again is “recurring”. We talk about:recurring problems, a recurring dream, a recurring theme

For a bank account, a “recurring transfer” is money that is automatically sent somewhere at regular times. For example, you might automatically send $200 from your checking account to your savings acount every month.
Example:
You have bank accounts at two different banks. You want to send some money from one bank to the other every month automatically. You visit the first bank’s website and click this link: Set up a recurring external transfer.

Question 48

Quarterly Profits

Answer 48

A “quarter” (trimestre) is one fourth of the year. Companies often measure their performance by quarters.

A company’s “quarterly profits” are the amount of money that the company makes in one quarter. Specifically, the “profits” are the money that’s left after the company pays for expenses like equipment, employee salaries, and so on.
- Our quarterly profits are up 10% over last year.

Question 49

Funds

Answer 49

Money generally available (fondos, fondo, inversión) Provide money for (financiar)

“Funds” means “money”. We use the word “funds” when talking about money in a technical sort of way. Here are some examples:
- The survey seemed innocuous until it asked for a bank-account number for depositing funds.

• The school system is constantly complaining about their lack of funds, yet here they are spending millions of dollars to renovate their football field.
• Your funds will be available in two to three business days.

There’s another meaning to the word “fund”, which is a bank account or a set of money that’s set aside for a specific purpose: a mutual fund, a campaign fund, a pension fund.

Question 50

(someone’s) balance

Answer 50

The “balance” of a bank account is the amount of money that you have in the account. So your account balance is a number. For example:
- Your balance is $2,154.

The action most commonly associated with a bank balance is “checking”:
- When’s the last time you checked the balance?

Question 51

A high-yield checking account

Answer 51

A “checking account” is a bank account that you can freely take money out of and put money into.

Usually you don’t earn much interest from a checking account. So if you keep $10,000 in the bank for a year, you’ll still have something like $10,000 to $10,025 at the end of they year.

However, a “high-yield checking account” pays a higher interest rate than usual. This allows you to earn more money. Usually there’s some other restriction on this type of checking account. For example, you might need to maintain a minimum balance.

Question 52

Tax return

Answer 52

Declaración de la Renta, declaración de impuestos.

‘I mustn’t forget to do my tax return’.

Question 53

To work/study Hard

Answer 53

estudiar, trabajar… mucho
Cuando decís “trabajar mucho” y “estudiar mucho”, lo más normal en inglés es decir “to work hard” y “to study hard”.

Have you been studying hard? - ¿Has estado estudiando mucho?
–> Utilizar ‘hard’ en vez de ‘a lot’

Question 54

Legal niceties

Answer 54

Pormenores legales.