Vocabulary related to money and payments

Question 1

Wallet

Answer 1

A small case for carrying money, credit cards, and personal items

I keep my cash and credit cards in my wallet

کیف پول

Question 2

Cash Payment

Answer 2

A payment made using physical money, such as coins or banknotes

He made a cash payment for his coffee at the cafe

پرداخت نقدی

Question 3

Credit Limit

Answer 3

The maximum amount of money that can be spent using a credit card

Her credit card has a credit limit of $2,000

سقف اعتبار

Question 4

Interest Rate

Answer 4

The percentage charged by a lender for borrowing money or paid by a bank on savings.

The loan has an interest rate of 5% per year

نرخ بهره

Question 5

Balance

Answer 5

The amount of money available in a bank account or remaining on a credit card

My account balance is $500 after the deposit

موجودی

Question 6

Debt Repayment

Answer 6

She has a monthly debt repayment of $300 for her student loan

Paying back money that was borrowed

بازپرداخت بدهی

Question 7

Creditor

Answer 7

A person or company to whom money is owed

The company paid its creditors on time

طلبکار

Question 8

Debt Collection

Answer 8

The process of obtaining payment from people or companies that owe money

“The bank hired a debt collection agency to recover unpaid loans

جمع‌آوری بدهی

Question 9

Principal

Answer 9

The original amount of money borrowed in a loan

“The principal on the loan was $10,000

اصل وام

Question 10

Loan Term

Answer 10

The length of time over which a loan must be repaid

The loan term is five years

مدت وام

Question 11

Collateral

Answer 11

An asset used as security for a loan, which can be taken if the loan is not repaid

He used his car as collateral for the loan

وثیقه

Question 12

Compound Interest

Answer 12

Interest calculated on both the initial principal and the accumulated interest

With compound interest, your savings can grow faster

بهره مرکب

Question 13

Annual Percentage Rate - APR

Answer 13

The yearly interest rate, including fees, for borrowing money

“The credit card has an APR of 18%

نرخ بهره سالانه

Question 14

Savings Account

Answer 14

A bank account that earns interest on money saved

She opened a savings account to save for a new car

حساب پس‌انداز

Question 15

Checking Account

Answer 15

A bank account used for everyday transactions like deposits and withdrawals

“I use my checking account to pay my bills

حساب جاری

Question 16

Account Balance

Answer 16

The total amount of money in a bank account

“The account balance showed $1,200

مانده حساب

Question 17

Emergency Fund

Answer 17

Money saved for unexpected expenses or emergencies

She has an emergency fund to cover unexpected medical bills

صندوق اضطراری

Question 18

Interest Earnings

Answer 18

Money earned from interest on savings or investments

“His savings account generated interest earnings of $50 last month

درآمد بهره

Question 19

Financial Goal

Answer 19

A specific plan for saving or spending money to reach a desired financial state

Her financial goal is to save enough for a down payment on a house

هدف مالی

Question 20

Deposit

Answer 20

Money added to a bank account

“He made a $500 deposit into his bank account

سپرده‌گذاری

Question 21

Withdrawal

Answer 21

Money taken out of a bank account

She made a withdrawal of $200 from the ATM

برداشت

Question 22

Transfer

Answer 22

Moving money from one bank account to another

I transferred $100 from my savings to my checking account

انتقال

Question 23

Savings Plan

Answer 23

A plan to set aside a portion of income regularly to save money over time

“She created a savings plan to build an emergency fund

برنامه پس‌انداز

Question 24

Bill

Answer 24

A statement of money owed for goods or services provided

He received a bill for his electricity use

صورتحساب

Question 25

Due Date

Answer 25

The date by which a payment must be made

The due date for the credit card payment is the 15th

تاریخ سررسید

Question 26

Payment Terms

Answer 26

The conditions and timing of when and how payment is expected

The invoice stated a 30-day payment term

شرایط پرداخت

Question 27

Tax Deduction

Answer 27

Reductions in taxable income that decrease the amount of tax owed

He claimed a tax deduction for charitable donations

کسر مالیات