NEF Advanced 162
Terms in this set (38)
The money that is available to a person or organization.
A sum of money that is given by the government or another organization to be used for a particular purpose, e.g. education.
Money that a bank lends and somebody borrows.
an amount of money you pay for professional advice or services, e.g. to a lawyer or architect.
The money you pay to travel by bus, plane, taxi, etc.
The amount of money sb asks for goods and services, etc.
Money that you keep in a bank and don't spend.
Money that you give to an organization such as charity in order to help them.
A sum of money that must be paid as punishment for breaking a law or a rule.
One of a number of payments that are paid regularly until sth has been paid for.
A sum of money that is given as the first part of a larger payment.
A legal document that says what is to happen to sb's money and property after they die.
The amount of money that you owe to a bank when you have spent more than is in your bank account.
An amount of money that is paid at one time and not on separate occasions.
We live in a consumer society, which is dominated by spending money and buying material possessions.
A society where buying and selling material goods is considered very important.
The standard of living has risen a lot over the last ten years.
The amount of money and level of comfort that a particular person or group has.
People's income has gone up, but inflation is high, so the cost of living has also risen.
Income = the money sb receives for their work. Inflation = the rise in the price of goods and services which result in a fall in the value of money. Cost of living = the amount of money you need to spend to cover the basic necessities, e.g. rent, food, transport, etc.
House prices are rising and many young people can't afford to buy somewhere to live.
Not having enough money.
People who have mortgages or loans have to pay high interests rates.
The percentage of extra money that you have to pay back when you borrow money from a bank.
A lot of people are in debt, and have problems paying their mortgages.
In debt = Owing money. Mortgage = money lent by a bank to buy a house.
Some people make money by buying and selling shares on the stock market.
Shares = Units of equal value into which a company is divided and sold to raise money. Stock market = the business of buying and selling shares and the place where this happens (also called the stock exchange).
Our currency is unstable and exchange rates fluctuate a lot.
Currency = the system of money that a country uses. Exchange rate = the amount of money you get when you change one currency into another.
Rich / wealthy
Having a lot of money, property or valuable possessions.
(rather formal) rich and with a good standard of living.
e.g. The affluent Western countries are better equipped to face the problems of global warming.
(often used in negative sentences) rich.
e.g. His parents are not very well-off.
[not before noun] (very informal) very rich.
e.g. Let her pay. She's loaded.
Having very little money; not having enough money for basic needs.
(literary) having no money, very poor.
e.g. She arrived in 1978 as a virtually penniless refugee.
(informal) having very little money, especially for a short period of time.
e.g. After he lost his job he was so hard up he couldn't afford the price of a beer.
[not before noun] (informal) having no money
e.g. I'm always broke by the end of the month.
Dan has bought two sports cars.
He's got more money than sense
Do you think Mark will lend me the money?
No way. He's really tight-fisted
I have an overdraft at the bank.
I'm in the red (opp in the black).
They've got a ten-bedroomed house.
It must have cost a fortune.
That restaurant has good food at reasonable price.
It's good value for money.
Jack's broke again.
I'm not surprised. He spends money like water.
They have a luxurious lifestyle which they can't really afford.
They're living beyond their means.
Their income doesn't cover their basic expenses.
They can't make ends meet.