Money Flashcards

1
Q

Afford

A

have enough money to pay for.

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2
Q

bargain

A

good value for money, usually because it has been sold at a lower price than normal.

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3
Q

cash

A

legal tender—currency or coins—that can be used to exchange goods, debt, or services.

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4
Q

change

A

the money returned after paying for something with more money than it costs

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5
Q

discount

A

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

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6
Q

receipt

A

a printed acknowledgement of the amount of cash received during a transaction involving the transfer of cash or cash equivalent

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7
Q

refund

A

to give back money that someone paid for something

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8
Q

sale

A

a transaction between two or more parties in which goods or services are exchanged for money or other assets

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9
Q

value of money

A

the most advantageous combination of cost, quality and sustainability to meet customer requirements.

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10
Q

waste

A

to spend money on something you don’t really need or want.

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11
Q

ATM / cashpoint

A

machine that gives you money when you put a bank card into it.

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12
Q

bank charges / fees

A

fees banks deduct for the services they provide

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13
Q

bill

A

a written statement of money that you owe for goods or services.

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14
Q

current acount

A

an account at a bank or building society from which money may be withdrawn without notice, typically an active account catering for frequent deposits and withdrawals by cheque.

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15
Q

get into debt

A

borrow money

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16
Q

interest

A

the fee a business pays a lender (creditor) to borrow money

17
Q

lend money/give somebody a loan

A

they give it to you and you agree to pay it back at a future date, often with an extra amount as interest

18
Q

overdraft savings account

A

an extension of credit by a bank to cover withdrawals or payments (such as bills) from an account lacking sufficient funds

19
Q

withdraw money

A

taking money out of a bank account, usually a checking account, in the form of cash.