MONEY - FINANCE VOCABULARY

1. MONEY - FINANCE VOCABULARY
The meaning of words relating to money and finance.
WORD MEANING
A.T.M. Automated Teller Machine; cash dispenser
Banknote Piece of paper money.
Bitcoin Digital currency which allows payments to be sent from one party to
another without going through a financial institution.
Borrow Obtain money which must be returned or reimbursed.
Broke
(be broke)
To have no money.
Budget Amount of money available or needed for a specific use.
Cash Coins or bank notes (not cheques); actual money paid, not credit.
Cash
dispenser
Automatic machine from which a bank customer can withdraw money.
Cashier A person dealing with cash transactions in a bank, shop, etc.
Cheque
(US: check)
Written order, on a specially printed form, to a pay the stated amount
from one's bank account.
Coin A piece of metal, with an official stamp, used as money.
Currency The money used in a country.
Debt Money owed by one person to another
Deposit Sum of money payable as a first instalment on a purchase;
Money placed in an account in a bank.
Donate Give money, especially to charity: make a donation.
Exchange
rate
The rate at which one currency can be exchanged for another.
Fee Payment made to a professional person (doctor, lawyer, etc.).
Instalment A sum of money due as one of several equal payments to be made over
an agreed period of time.
Interest Money paid for borrowing or investing money.
Invest To put money into a business, property, etc. in order to earn interest or
profit.
Legal tender Currency that cannot legally be refused as payment.

2. Lend Give or allow the use of money which must be returned, usually with
interest.
Loan Sum of money that is borrowed and is expected to be paid back with
interest.
Owe To be in debt to someone: to owe money to somebody.
Petty cash Small amount of cash kept available by a company or firm for everyday
expenses.
Receipt Written statement that money has been paid for something.
Refund Pay back money received;; reimburse.
Tip Small sum of money given to a waiter, taxi driver, etc.
Withdraw Take money from a bank account.