Banking and Finance Flashcards
bureau de change
an office where you can change one currency for another
The machines take coins of any DENOMINATION.
a unit of value, esp. of money
I deposited $500 in my savings account last week.
to put money in a bank
Will you get your deposit back if you cancel the trip?
A deposit is also a sum of money that is given in advance as part of a total payment for something
There is a 10% ceiling on rent increases.
A ceiling is also an upper limit put on something that varies
direct debit
an instruction to your bank to allow someone else to take money from your account, usually as part of a regular arrangement
overdraft
an amount of money that a customer with a bank account is temporarily allowed to owe to the bank
payer
nguoi tra tien
payee
nguoi duoc tra tien
remittance
an amount of money that is sent somewhere as payment for something
One of the secrets of successful saving is to set up a STANDING ORDER from your current account to a deposit account.
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
deposit account
a bank account that pays interest
current account
a bank account that you can take money from at any time and use for making payments , that usually earns little or no interest
statement
a piece of paper that lists financial details
traveler’s check
a check that you buy from a bank or other company and that can be used as money or exchanged for the local money of a country
