Money Flashcards
Afford
have enough money to pay for.
bargain
good value for money, usually because it has been sold at a lower price than normal.
cash
legal tender—currency or coins—that can be used to exchange goods, debt, or services.
change
the money returned after paying for something with more money than it costs
discount
incentives offered by sellers that reduce the amount that the buyer owes by either a percentage of the total bill or by a fixed amount
receipt
a printed acknowledgement of the amount of cash received during a transaction involving the transfer of cash or cash equivalent
refund
to give back money that someone paid for something
sale
a transaction between two or more parties in which goods or services are exchanged for money or other assets
value of money
the most advantageous combination of cost, quality and sustainability to meet customer requirements.
waste
to spend money on something you don’t really need or want.
ATM / cashpoint
machine that gives you money when you put a bank card into it.
bank charges / fees
fees banks deduct for the services they provide
bill
a written statement of money that you owe for goods or services.
current acount
an account at a bank or building society from which money may be withdrawn without notice, typically an active account catering for frequent deposits and withdrawals by cheque.
get into debt
borrow money
interest
the fee a business pays a lender (creditor) to borrow money
lend money/give somebody a loan
they give it to you and you agree to pay it back at a future date, often with an extra amount as interest
overdraft savings account
an extension of credit by a bank to cover withdrawals or payments (such as bills) from an account lacking sufficient funds
withdraw money
taking money out of a bank account, usually a checking account, in the form of cash.
