The document provides a list of common financial and currency-related terms with definitions, including:
- Cash - coins or banknotes that represent actual money paid rather than credit.
- Currency - the money used in a country.
- Exchange rate - the rate at which one currency can be exchanged for another.
- Interest - money paid for borrowing or investing money.
- Loan - a sum of money that must be returned with interest.
The document provides a list of common financial and currency-related terms with definitions, including:
- Cash - coins or banknotes that represent actual money paid rather than credit.
- Currency - the money used in a country.
- Exchange rate - the rate at which one currency can be exchanged for another.
- Interest - money paid for borrowing or investing money.
- Loan - a sum of money that must be returned with interest.
The document provides a list of common financial and currency-related terms with definitions, including:
- Cash - coins or banknotes that represent actual money paid rather than credit.
- Currency - the money used in a country.
- Exchange rate - the rate at which one currency can be exchanged for another.
- Interest - money paid for borrowing or investing money.
- Loan - a sum of money that must be returned with interest.
Banknote Piece of paper money Borrow Obtain money which must be returned Broke (to be) To have no money Amount of money available or needed for a specific Budget use Coins or bank notes (not cheques); actual money Cash paid, not credit Automatic machine from which a bank customer may Cash withdraw dispenser money A person dealing with cash transactions in a bank, Cashier shop, etc. Written order to a bank to pay the stated amount from Cheque/check one's account Coin A piece of metal used as money Currency The money used in a country Debt Money owed by one person to another Sum payable as a first instalment on a purchase; Deposit money placed in an account in a bank Donate Give money especially to charity; make a donation The rate at which one currency can be exchanged for Exchange rate another Payment made to a professional person (doctor, Fee lawyer, etc.) Interest Money paid for borrowing or investing money To put money into business, property, etc. in order to Invest earn interest or profit Legal tender Currency that cannot legally be refused as payment Give or allow the use of money which must be Lend returned with interest Loan Sum of money to be returned with interest Owe To be in debt to somebody; to owe money to somebody Petty cash Small amount of cash available for everyday expenses Receipt Written statement that money has been paid Refund Pay back money received; reimburse Tip Small sum of money given to a waiter, taxi driver, etc. Withdraw Take money from a bank account