Vocab English 5 (Reading) pptx

Theme 1: Banking and Finance

balance / 'bæləns /

1. [countable] the amount of money that you have in your bank account

 My bank balance isn't very healthy.

2. [countable] the balance of a debt is the amount of money that you still owe after you have paid

some of it

 The balance is due at the end of the month.

bureau de change noun / bjʊərəʊ də'ʆɒndʒ / plural a shop where you can change foreign

money

checking account [countable] a bank account that you can take money out of at any time,

and for which you are given checks to use to pay for things

savings account noun [countable] a bank account in which you keep money that you want to

save for a period of time, and which pays you interest on the money you have in it

debit card noun [countable] a plastic card with your signature on that you can use to pay for

things. The money is taken directly from your bank account

credit card noun [countable] a small plastic card that you use to buy goods or services and pay

for them later

 We accept all major credit cards.

denomination noun / dɪnɒmɪ'neɪʆən / [countable] the value shown on a coin, paper money,

or a stamp

deposit noun / dɪ'pɒzɪt / [countable]

1. a part of the cost of something you are buying that you pay some time before you pay the rest of

it

• a deposit of/ put down a deposit (on something)

 A deposit of 10% is required.

 We put down a deposit on a house last week.

 We ask for one month's rent in advance, plus a deposit of $500.

2. an amount of money that is paid into a bank account ￚ opposite withdrawal

• deposit into

 I'd like to make a deposit (=pay some money) into my savings account.

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