Related words
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
the work done by banks and other financial institutions
the rate of interest
that banks use to calculate how much
interest to charge on money they lend to each other rather
than to their customers
a document that shows all the money that went into or
out of your bankaccount during a particular period of time
the rate of interest
that banks use to calculate how much
interest to charge on money they lend to their customers
bank Internet payment system:
an electronic system
for making payments by moving money directly into a bank account over the Internet
clearing house interbank payment system:
an electronic system
for makinginternational payments in dollars and for changing money from one currencyto another
an extra amount of money that you have
to pay to a bank or other organization when
they provide a service for you
an amount of money that you add to an account.
An amount of money that you take out of an account is a debit
noun
financial information about someone that a bank
or shop uses for deciding whether to lend them money or to give them credit
an arrangement in
which your salary is always
put directly into
your bank account
electronic funds transfer at point of sale: a system of paying for goods by moving money by computer from
the customer’s bank account to the accountof the company or person they have bought from
the percentage that
an institution such as
a bank charges or pays you in interest when you borrow money from it or
keep money in an account
a system that allows you to use
the Internet to communicate with
your bank, check your account, pay bills etc
London Interbank Offered Rate: an interest rate at which banks can borrowfrom one another. It
is set daily based on an average of the rates set by majorbanks around the world
business activities in
which banks and other financial institutions make moneyby lending money to other organizations
a legal agreement in which
you borrow money from a bank in order to buy a house. You pay back your mortgage by making monthly payments
a system that allows you to communicate with
your bank on the Internet
an agreement with
your bank that allows you to spend money when you have
no money left in your account
if you are overdrawn, or if
your bank account is overdrawn, you owe
your bankmoney that you have spent when there was
no money in your account
a small book
showing the amounts of money that you put into and take out of your account in
a building society
a system that can check
whether a customer’s credit card is acceptable in a few seconds, so that an
Internet shop can process an order immediately
the practice, especially in financial institutions, of signing large numbers of documents without checking that they
are accurate, or by people who do not have
the necessary authority
a measurement of how
much money people in a country are saving, which compares the amount
of money they have available to spend with the amount
of money they do spend
a number that is used, for example on cheques, for recognizing the particularoffice of a bank where someone keeps their account
an instruction
that you give a bank to take a particular amount of money out of your account
on a particular day, usually each month, to pay a person or organization for
you. A direct debit is a similar arrangement, except that the amount can change
and is decided by the person who you are paying.
an official document that lists the amounts of money that have been put
in or taken out of a bank account
a test used to find out if a bank or other financial institution is likelyto fail or have serious problems in a difficult economic situation
a room, often in a bank, for protecting money and other valuable things from being stolen or burned in a fire
used to describe lending at a higher than usual rate of interest because
it involves borrowers who are
less likely to be able to pay back their loan
an unsecured loan is money that a bank lends someone
without making them promise to give property to the bank if they cannot pay the money back
the process of taking an amount
of money out of your bank account, or the amount
of money that you take out
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