banking vocabulary words

Life skills bank & finance vocab words for special education. A debt is a sum of money that’s owed. Learn French banking vocabulary words, terms and phrases. is by hearing them used in natural speech. Learn the vocabulary for banking using pictures. a/c abbreviation. As they didn’t want to live in a rented apartment, their only option was to ___ a mortgage. As he didn’t have any collaterals, he needed a ___ to take out a loan. Routing number. “I prefer using a debit card, because I’m not tempted to spend more money than I have in my account.”, “The bank debited the money from his account.”. Even if you feel you may already know some of them, it’s important to make sure. Learn vocabulary, terms, and more with flashcards, games, and other study tools. 9. Your credit history is a record of your habits and behavior in paying and repaying your … Insurance, travel insurance, life insurance. This means an arrangement to make regular, fixed payments automatically from one’s account. The checking account (also called current account in British English) allows you to take out money anytime you want. Bank vocabulary with pictures and list to help learning English Bank vocabulary and list English lesson. Finance vocabulary associated with banking and saving. Click on the "Check Answers" button at the bottom of the quiz to check your answers. “He wasn’t sure why his balance was so low, so he asked for a bank statement.”. Business days are days on which a bank or business is open. Student loans are loans that are used by borrowers to pay for education fees. If you’re studying business English or economics, knowing some banking terms will also help you a lot with your vocabulary. Finally, you’ll see that you’ll be able to use the word in speaking as well, and faster than you thought you could! A piece of paper that tells the bank to deposita certain amount of money into your account.Spelled chequein the UK. Although the list is exhausting, we have added all that we have and keep on out steps to collect more and more words. By using direct debit, you avoid having to make monthly transactions. Direct deposit(noun) If your job pays your salary directly into your account, you have direct deposit. “He kept forgetting to pay his loan installments so he decided to go for a standing order.”. “They wanted to use their house as collateral for the loan, but first the bank needed to appraise its value.”. Credit … a draft in excess of the credit balance. the temporary provision of money (usually at interest) overdraft. This is money taken out of your bank account or money you owe. … “After she reached her credit limit, she decided to spend less and save more.”. A. guarantor / B. guarantee / C. warranty. In this case, you generally have to pay some extra fees. Which means you’ll be a more successful businessperson! The word teller refers to the bank clerk who helps you with transactions. Score high marks in English language is tedious task for many candidates. a person to whom money is paid. n. the difference between credits and debits in an account. PLAY. The word credit can also be used in a general sense: When you give someone credit, you acknowledge their efforts or worth. This is a secret combination of numbers that only account holders can use to access their accounts. This is like a loan the bank gives you. Now have a look at this vocabulary exercise and test yourself! A. advance payment / B. prepayment / C. early payment. ATM stands for Automated Teller Machine, which is a machine that helps you make bank transactions just by using your card. We combined all of those lists with our own GRE word list from the practice material. Understanding basic banking and finance — and the terminology people use to talk about them — can make a big difference in your bank balance. I used this to preteach banking vocabulary before I did the banking roleplay found on Boggle´s World ESL. It shows all the debits, the credits and the balance. A statement showing how the checkbook balance and the bank statement were brought into agreement. English banking terms can seem foreign even to native speakers, but they’re useful for everyone. 11. Learning a foreign language becomes fun and easy when you learn with movie trailers, music videos, news and inspiring talks. Terms in this set (10) loan. “You can only complete transactions in the bank on business days, but you can use Internet banking (see below) whenever you want.”. Vocabulary Wheel- 8 Words This 2-page print-out makes a wheel about vocabulary words; the student writes 8 vocabulary words and a definition for each word. Bank account, checking account, deposit account, savings account. a run on something phrase. It will help you move from just recognizing the word to actually being able to use it on your own. Tweet. Learn. Banking Terms: Banking Definitions: AAA: AAA is a term or a grade that is used to rate a particular bond. Created by. That s why we put together this list of English banking words.There are a lot of different types of accounts and transactions. bank balance. In addition to this, you’ll need to pay interest. The amount of interest is decided by an interest rate, which is calculated for a given period of time. Choose the right word from the three options provided. … APR noun. He forgot to make arrangements for ___ payment while he was abroad, so he was worried he would have his electricity cut off. We’ve selected 30 useful terms that you’re likely to come across in banking. can take anywhere. A mortgage is an agreement by which someone can borrow money from a bank to buy a house. Gravity. “He wanted to withdraw some money from his checking account, but he forgot his card at home.”. Bank manager, bank clerk, teller. Visual functional reading activity for common community readiness terminology.This comes with:36 task cardsMatch the vocabulary word to the definition.Cover page for task boxAnswer keyNumbered task cards for easy data collection. All Rights Reserved. © 2020 Enux Education Limited. Usually, the grade AAA is given to the best debt obligation or a security, by a credit rating agency. Spell. As all of you might know about SBI PO Preparation series, in a series of providing free study material for SBI Clerk exam, today I am uploading free Vocabulary word list.I kept the difficulty level low. 8. General words relating to banking - thesaurus. These words … Stopping payment. This core vocabulary reference sheet provides keywords and phrases in the banking and financial industries.This vocabulary can be used in English for specific purposes classes as a starting point for including vocabulary study relating to the banking and financial industries. quizlette75894. Related words. Marin shares his knowledge of software, analysis, project management and other business areas. Below is a definition/description of each of the words/phrases in bold from the above text. A debit card allows you to use the money in your account by paying in stores or online. If you’re not sure your ___ is correct, you should ask for a bank statement. Both of … For example, if you tap on the word “brought,” you will see this: Plus, these great videos are all accompanied by interactive features and active learning tools, like multimedia flashcards and fun games like “fill in the blank.”. In the earliest times coins made of gold, silver bench, banks were simply individual moneylenders There are many examples of Ancient Greece and Rome in museums around the world. Your credit limit is the maximum amount of money a bank will let you borrow based on your financial situation. Here, you will get important words, their meaning synonyms, antonyms, usage. Similarly, business hours refers to the hours when a bank or business is open. interest. Check out this list of common banking vocabulary terms. FluentU has a huge collection of English videos that people in the English-speaking world actually watch. The bank becomes the owner of the house until the debt is paid up. Credit. All you have to do is tap or click on one of the words in those subtitles to get more information. Start studying Banking and Finance Vocabulary. “After having his house broken into twice, he decided to keep his important documents in a safety deposit box.”. FluentU brings language learning to life with real-world videos. 3. A branch is a location where a bank offers services to customers. Font is very big to help you read the list from your mobile, laptop or tablet. This page includes audio MP3! The interest ___ wasn’t the best on the market, but she chose that bank because it had been recommended to her by her parents. A deferred payment is a payment that’s postponed (put off) for a later date because you cannot complete the transaction when you would normally complete it. “All the bank contracts have a clause that specifies the bank charges and the interest rate for a specific account.”. This is an arrangement to make regular payments of different amounts, usually for utilities (services like electricity and water) or credit card bills. Thanks for subscribing! Prepayment is settlement of a debt before the due date. Have you ever felt like words used in banking were their own language? like business dialogues, inspiring speeches, news and more, How to Learn Business English from the Best Audio Resources. we respect your privacy and take protecting it seriously, Powerfully Effective Business Skills and Software That Make a Difference. (noun) Bank charges- Money to be paid to the bank to use certain services or as a fine if a mistake is made. Bank vocabulary Basic conversation about banking. If you liked this post, something tells me that you'll love FluentU, the best way to learn English with real-world videos. One of the most common money and banking vocabulary words. A clause is a part of a contract that gives details about a certain situation that’s covered by the contract. Science, Tech, Math Science Math Social Sciences Computer Science Animals & Nature She decided to open a ___ account at the bank that offered the best interest rate available on the local market. Share 63. The bank is the lender, and you are the borrower. Balance- The amount of money in an account: could be positive or negative. Bank vocabulary. You can also use the word in a general way: If you are in debt to someone, it can mean you owe them a favor or are grateful for something. Now that you know how to learn banking terms, here are 30 you should start learning right now! 7. That’s the best way to learn a language: By using it! You can do this on FluentU, which takes real-world videos—like business dialogues, inspiring speeches, news and more—and turns them into personalized English lessons. To show the variety of videos even inside this single category, real-world business videos on FluentU include “Introducing Business Colleagues,” “Business Buzzwords,” “Control Your Inbox!” and “What Warren Buffet Thinks About Cash.”, An added bonus is that if you want to work on other topics later, simply use the same, familiar FluentU platform to learn with videos from other categories, such as “Science and Tech,” “Politics and Society” or mix it up with “Arts and Entertainment” or “Health and Lifestyle.”. Amazon and the Amazon logo are trademarks of Amazon.com, Inc, or its affiliates. FluentU is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. Vocabulary of banking and finance WORKSHEET 1 The word bank itself is related to the word sitting on benches in the street. 12. Words: Jess Spiro. There are several different meanings of the word bank. The savings account allows you to save money and also earn interest (see below). We hate SPAM and promise to keep your email address safe, Sign up for our weekly blog newsletter for a chance to win a free FluentU Plus subscription (value $240), Get regular language learning tips, resources and updates, starting with the "Complete Guide to Foreign Language Immersion" e-book. Cash-point or cash machine are also used. The bank lends (gives) you the money, and you borrow (receive) it. 5. Write. Credit is the money you receive in your bank account or the money a bank lends you. Match. These words … Account Number. After putting the wheel together, the student writes each of the 8 words, what part of speech it is, and its definition. We also participate in other affiliate advertising programs for products and services we believe in. You’ll also feel more confident when doing any kind of business in English. STUDY. 86 Shares. annual percentage rate: the percentage that a bank makes you pay in interest when you borrow money from it, calculated over a period of one year. If the borrower cannot pay the debt, the bank becomes the owner of the collateral. Bank charges are all the fees a bank requires you to pay in exchange for its services (using a credit or a debit card, making transactions, taking out loans). ATM. Then try including it in the next writing task you have to do, if it fits. Vocabulary Words PDF for Banking Exams: Dear Aspirants, banking and other competitive exams having English language as its one of the major sections. An appraisal is usually carried out before taking out a mortgage. balance. In the past, it was common for employers to pay their workers via checks. We have collected almost all the words related to Banking Vocabulary and listed them here for your reference. a/c abbreviation. A bank statement is a list of all the transactions that happened in a bank account over a certain period of time. “They needed a loan to buy the car of their dreams, but they couldn’t find a lender.”. This is a practical vocabulary lesson about words we use at the bank. “She received an overdraft notice when she spent more than she had in her checking account.”. She preferred using a ___ card rather than a credit card because she sometimes had a tendency to spend too much. Banking Vocabulary. You should also do other online vocabulary exercises with banking words, so we’ve provided some useful links after the list of banking words. Charlotte knows this is a good idea, but she realizes she doesn't really know any bank- or money-related vocabulary, so she asks her friend, Kara, to help her prepare. Although the list is exhausting, we have added all that we have and keep on out steps to collect more and more words. It’s advisable (a good idea) to pay attention to your balance so you don’t overdraw money. A guarantor is a person who agrees to pay for someone else’s debts, if this person cannot pay. Appraisal is the evaluation of the value of a property, usually done by a bank representative. “His parents offered to act as guarantors for his student loan.”, “She was feeling relieved that she had completed the payoff of her debt last month.”. instructing a bank not to pay a certain check. “He was going abroad for a month, so he decided to use deferred payment for his electricity bill.”. Money Vocabulary Visual functional reading activity for common community readiness terminology.This comes with:36 task cardsMatch the vocabulary word to the definition.Cover page for task boxAnswer keyNumbered task cards for easy data collection. Sometimes we recognize words and think we know them—then, when we need to use them, we simply can’t think of them. Standing orders are different from direct debits because the amount paid cannot vary (change). If you are interested in watching fun, relevant videos and practicing language actively in the process, be sure to create a FluentU account and try it out on your computer, iOS or Android device! The last part of the English lesson you will learn how to have a basic conversation about banking. Here, you will get important words, their meaning synonyms, antonyms, usage. Only use one word/phrase once and write it as it is in the text. Flashcards. Words that appeared at least twice were automatically pulled into the final vocab list. Normally, you should avoid translating, because this slows you down when you write and when you speak. “Customers find electronic banking very convenient because they no longer need to go to the bank to make transactions.”. A. withdrawing / B. overdrawing / C. removing. 6. “His credit was good, so he didn’t expect the bank to reject his loan application.”. a sense of concern with and curiosity about something. At the end of this list, you’ll find an exercise that will help you check what you remember from this post. Now fill in the blanks with one of these words/phrases in bold. Home. 10. A loan is money you borrow from a bank or another institution or person. “They need to take out a mortgage to buy a house.”. A trip to the bank requires specialized vocabulary no matter what language you speak.Managing your money in another language can be even more complicated! With these kinds of very specific business words, it’s also a good idea to translate them into your native language. A credit card is a card that allows you to spend more money than you have, but then you have to pay interest. This is something, like a house, that’s used as a guarantee (assurance or backup) when taking out a loan. “After three failed attempts to remember his Personal Identification Number, he had to contact the bank.”. If she had known about the penalties, she wouldn’t have considered ___ such a good option. annual percentage rate: the percentage that a bank makes you pay in interest when you borrow money from it, calculated over a period of one year. Cheque – This is a a printed form that you can fill in to pay money to people. Same as an ATM card. To overcome this weakness, aspirants must have to well expertize their selves in English vocabulary. Marin Valchev, PMP is an IT Project Manager with more than 10 years of experience. 1. Menu. “She forgot to check the prepayment clause and was quite surprised to see she had penalties to pay to the bank.”. Cardholder – someone who owns a bank card. Then, keep using the new words as often as you can. You can have a checking account and a savings account. After reading the word and the explanation, have a look at the example. Credit history. “She didn’t have any collaterals, so she decided to take out a mortgage.”. A. Avoid ___ money from your account by keeping track of your transactions online. “This bank only has three branches in the city, but there are plenty of ATMs.”. We know the feeling. 4 Top News Resources for Expanding Your Banking Vocabulary 1) The Banker The Banker is an award-winning international banking and financial source with sections devoted to international markets, banking regulation and risk, transactions and technology and much more.. Credit is the money you receive in your bank account or the money a bank lends you. Bank vocabulary with pictures and list to help learning English Bank vocabulary and list English lesson. account. Pretty soon, you’ll be using them and seeing them everywhere. (Download), First of all, have a look at every new word or phrase below. A vocabulary list featuring Banking. That’s why many English learners say, “I understand everything, but it’s so difficult when I have to speak!”. If you have a savings account, the bank will pay you interest for being able to use your money over a certain period of time. What are you looking for? Or you may simply be doing business in English, and you feel the need to understand some banking-related words. Besides the ones connected with money — like a savings bank or a piggy bank — a bank is also a slope of grass or earth, such as a river bank. My _____. An explanation of bank liquidity developed by Herbert Prochnow, in which the net cash flow of bank borrowers, rather than subsequent new borrowings, is seen as the true source of loan repayments. money lent: a sum of money that is expected to be paid back. To withdraw money is to remove money from an account. You may want to travel for business or do business in another country. You want to be sure that you are explaining yourself properly, because making a mistake could cost you a lot of money! ATM. B. Download: This blog post is available as a convenient and portable PDF that you Next, try to come up with your own example! abbreviation of Automated Teller Machine: a machine, usually in a wall outside a bank, from which you can take money out of your bank account using a special card. a run on something phrase. Mortgage, loan, debt. He implements cutting-edge technology in a wide-range of Financial and TELCO companies in Europe, Asia, and Africa. Quiz: English bank vocabulary 1. Life skills bank & finance vocab words for special education. Please check your email for further instructions. This will help you use them on your own in speaking or in writing. Electronic banking is a system that allows customers to complete banking transactions on the Internet. It is the highest rated bond that gives maximum returns at the time of maturity. Another important step to learn these terms (and others!) Click here to get a copy. “He couldn’t pay his debt, so he had to sell his car.”. You may find yourself in the unpleasant situation of having to pay a lot of bank ___ if you don’t research banks carefully before taking out a loan. Make sure you check the pronunciation of new words in an online dictionary by clicking on the little speaker sign. Here a list of the most common Money and Banking words and phrases such as Bank Balance, Bank Accounts, Bank Statement, Cash-back, Cheque, Credit Rating, Current Account, Direct Debit, Interest, Loan, and more. Saving Savings account, ISA, investment, bond. Banking. Credit can also refer to the financial reputation (background or record) you have when you’re considering borrowing money from a bank. Get English vocabulary for bank exams like SBI, IBPS, IBPS, BOB etc. Every spoken word is subtitled, complete with an in-context definition, image and multiple example sentences. There are also videos featuring editorial opinions, meetings and interviews with global banking figures. “He was careful not to overdraw money from his account, because the penalties are quite high with his bank.”. It’s also called online banking, Internet banking or e-banking. Bank Reconciliation. account. 2. May 11, 2020. Learn the vocabulary for banking using pictures. abbreviation of Automated Teller Machine: a machine, usually in a wall outside a bank, from … Larger banks may have … UML Diagram Types | UML Guide & Useful Tutorials, Decision-Making Process: Guide With Steps, Business Process Management Software: Guide & Useful Tips. You can check your own answers because there’s a key to the exercise. In this article you will find a list of useful Money and Banking Vocabulary in English. bank check: El cheque conformado: certified check: El cheque sin fondos: bounced check: El cheque de viajero: travelers check: emitir un cheque: to write a check: cobrar un cheque: to cash a check: abonar en cuenta: to pay into bank account: endosar un cheque: to endorse a check 4. Whenever you learn new words after doing such exercises, remember to make your own examples with them. ABA Transit Number The Spanish word for "bank" is banco. Test. “He was researching the banks that offered the lowest interest rate for loans.”. Your balance is the money you have in an account. You can also use this card by getting money from a cash machine or ATM (see below). Check out this list of common banking vocabulary terms. Some lenders offer student loans at lower interest rates (see below). Here's a useful list of Spanish banking vocabulary. This is a list of vocabulary items related to banking Banking and money vocabulary . Bank charges can also be referred to as commissions. Students loans are supposed to be paid back once the borrower finishes studying and starts working. An establishment for lending, issuing, borrowing, exchanging, and safeguarding money. Tax, VAT (value added tax), gross income, net income. It contains 21 words. Get English vocabulary for bank exams like SBI, IBPS, IBPS, BOB etc. This is the most important step. loan. E-Banking: It is a type of banking in which we can conduct financial transactions electronically. Subscribe to our mailing list and get interesting stuff and updates to your email inbox. A check dated later than the date on which it is written. This is money that you withdraw from your account when you no longer have available funds. He realized that paying all his utility bills was taking way too long, so he decided to give ___ debit a try.

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