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| With groups: DWJ, Intensive Business English, BAIM - Business English, Team Harke, Business English Basics | |
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| Term | Definition |
|---|---|
| loan | money lent: a sum of money that is expected to be paid back |
| interest | money earned from investments, or money paid at a particular rate for the use of money lent |
| current account | account used for day-to-day banking |
| deposit | put money into a bank account |
| mortgage | loan to buy property (real estate) |
| withdraw | take money out of a bank account |
| overdraft | short-term loan that allows a bank account holder to spend more than is in the account |
| transaction | a business deal done, or any transfer of money in or out of a bank account |
| payment card | a card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase |
| direct debit | a payment system whereby creditors are authorized to debit a customer's bank account directly at regular intervals |
| Terms | 10 |
| Creator | carldowse |
| Created | March 28, 2008 |
| Groups | DWJ, Intensive Business English, BAIM - Business English, Team Harke, Business English Basics |
| Subjects | money, banking |
| Access | Anyone |
| Edit | Creator Only |
New vocabulary from DWJ Lesson3: Money & Banking