Finance Vocabulary Flashcards

1
Q

Automatic teller machine

A

ATM/ Cajero Automatico

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2
Q

The amount of money present in an account

A

Balance/ Balance de Cuenta

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3
Q

A company used by lenders or creditors to recover past-due funds

A

Collections Department/Departamento de Cobros

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4
Q

A third-party account that holds the asset until the conclusion of a specific event or time

A

Escrow Account/ Cuenta de deposito en garantias

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5
Q

The action fo taking back property that was bought with borrowed money because the money was not being paid back as formally agreed

A

Foreclosure/ Ejecucion Hipotecaria

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