| Term | Definition |
|---|
| bank account | where you can put your money in when giving it to a bank, enables financial transfers |
| bank statement | piece of paper, shows incoming/outgoing money of a bank account |
| current account | an account used for daily business/day-to-day banking |
| savings/deposit account | where you put the money to save it over a longer period of time, |
| risk capital | money invested in a project with high chance of failure, risk money |
| share capital | money a company has raised from investors who bought shares |
| venture capital | money a company borrows to start up a new business, start-up capital |
| working capital | money to carry on production and keep trading |
| to accumulate capital | to gain money |
| annual accounts | annual balance sheet, year-end closing, „to draw up the annual accounts" |
| cash flow | movement of money |
| cash flow management | concerning income and expenditure, management of the movement of money |
| inflow/outflow | accrual/flow of capital |
| incoming money | earnings, income, turnover |
| turnover | sum of income/revenues in a particular period |
| ebit | earning before interest and taxes; turnover – costs = ebit |
| outgoing money | costs, interests, fees, loan, taxes etc. |
| expenditure | the money one spends, outgoings |
| costs | charges, expenses/expenditures, outgoing, spending |
| expenses | the same as costs |
| overheads | fix costs |
| equity | own funds, propriety capital |
| budget | what can be spend, but must not be exceeded |
| amount | on cheques: needs to be spelled in numbers and letters, lump sum, sum of money |
| fortune | a lot of money |
| transactions | piece of business done, here: to deal while using bank accounts |
| (to) deposit | put money into a bank account, positive amount of a bank account, but also a prepayment |
| to withdraw money | take money out of a bank account |
| to debit an account | to debit an sum off an account |
| debit card | customer card of a bank, bank card |
| payment card | e.g. „EC-Karte", enables cashless pament procedures |
| credit card | money is debited/ charged from your bank once in a month |
| direct debit | standing order, e.g. instruction for the bank to send money monthly to the landlord |
| cash | paying with banknotes |
| cash machine | automatic teller machine (ATM), cash account |
| cheque | a piece of paper one needs to cash in a bank |
| traveller's cheque | e.g. eurocheque |
| to settle an account | to pay a bill |
| to announce a discount | to grant a discount |
| lending agency | bank, which offers loans, (e.g. mortgages, start-up loans, overdrafts) |
| to grant conditions | to agree to special terms |
| liabilities | debts, overdrafts |
| debts, overdrafts | to exceed the bank account, allowing account holder to spend more than there is in the account; money lend/granted by a bank |
| debt | borrowed money, one has to pay interest on it |
| (to) credit | NOT ask for debit but for loan, when a bank lends money to someone |
| to take a loan | to get money which is lend to so. |
| mortgages | a security especially for banks, which lend money to companies, loans to buy property |
| to mortgage | give a security, e.g. your house to a bank |
| to offer a security | to mortgage e.g. your house |
| to offer a collateral | to mortgage something, a security |
| warranty | guarantee, similar to a security/collateral |
| interest | money earned from investments or paid on a loan |
| interest rate | the percentage, one gets in addition to the investment |
| charge | fee, duty, tax; what has to be paid for a service |
| fee | charge, duty tax; what has to be paid for a service |
| instalment | partial payment, amortisation rate, rate of repayment |
| overpayment | paid too much |
| to rollover loans | to renew borrowed money or lending |
| rescheduled/ postponed repayments | a deferred payment |
| issue | floatation, e.g. IPO, issue of loans or shares |
| stocks (AE), shares (BE) | shareholdings, a participation in a company |
| capitalisation | activation of capital |
| under capitalisation | cash-flow problem |
| depreciation | deflation, amortisation, etc. |
| losses | losings and cumulative value adjustments |
| shortage of money | lack of money |
| to earn sth. | what you can do with e.g. a salary, a wage, interest, a fortune |
| to make sth. | what you can do with e.g. a loss, a fortune, a profit, an investment |
| to win sth. | what you can do with e.g. the lottery, a fortune |
| to pay sth. | what you can do with e.g. a bill, a salary, a wage, interest, a fortune, a rent; off a loan, for goods, by cheque |
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