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GE Unit 12 Lesson 12a Money, Money, Money!

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  • tells you how high the cost of borrowing is, or high the rewards are for saving
    interest rates
  • the value of one currency for the purpose of conversion to another
    exchange rate
  • an initial payment made when something is bought on credit
    down payment
  • a single payment made at a particular time, as opposed to a number of smaller payments or instalments
    lump sum
  • something that is given to a charity, especially a sum of money
    donation
  • money received, especially on a regular basis, for work or through investments
    income
  • the action of spending funds
    expenditure
  • having no money; very poor.
    penniless
  • a legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt
    mortgage
  • demand (an amount) as a price for a service rendered or goods supplied
    charge
  • the money paid for a journey on public transport
    fare
  • the money one has saved, especially through a bank or official scheme.
    savings
  • a person who purchases goods and services for personal use
    consumer
  • an estimate of income and expenditure for a set period of time
    budget
  • having a great deal of money; wealthy
    affluent
  • a small plastic card issued by a bank, building society, etc., allowing the holder to purchase goods or services on credit
    credit card
  • agree to give or allow (something requested) to
    grant
  • the state of owing money
    in debt
  • a general increase in prices and fall in the purchasing value of money
    inflation
  • a state of great comfort or elegance, especially when involving great expense
    luxury
  • feeling or showing an envious resentment of someone or their achievements, possessions, or perceived advantages
    jealous
  • having a great deal of money, resources, or assets; rich
    wealthy
  • used with a possessive to emphasize that someone or something belongs or relates to the person or thing mentioned
    own
  • a penalty of money that a court of law or other authority decides has to be paid as punishment for a crime or other offense
    fine
  • a payment made to a professional person or to a professional or public body in exchange for advice or services
    fees
  • the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
    credit
  • something pledged as security for repayment of a loan, to be forfeited in the event of a default
    collateral
  • a deficit in a bank account caused by drawing more money than the account holds
    overdraft
  • a legal declaration of a person's wishes regarding the disposal of his or her property or estate after death
    will
  • a sum of money due as one of several equal payments for something, spread over an agreed period of time
    installment
  • not willing to spend or give much money; miserly.
    tight fisted
  • a system of money in general use in a particular country
    currency