| Term | Definition |
|---|
| debt | money which is owed to someone |
| salary | regular payment, typically paid on a monthly basis by an employer to an employee |
| lend | to let someone use something (often money) on the understanding that it will be returned |
| earn | receive money in return for work or services |
| borrow | take something belonging to someone else (often money) with the understanding it will be returned |
| bill | a document with details of an amount of money owed for goods or services supplied |
| rent | a tenant's regular payment to a landlord for the use of property or land |
| currency | a system of money in use in a country |
| standing order | instruction to a bank to pay a fixed sum of money from your account on a regular basis to a specified person |
| direct debit | instruction to a bank to make a one-off payment or regular payments of varying amounts of money from your account to a specified person |
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