MONEY VOCABULARY

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COINS

Back

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FEES

Back

1. a charge or payment for professional services

3. e.g: a doctor's fee.

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LOAN

Back

1. to lend at interest.

2. e.g: The bank loans money.

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BUDGET

Back

an estimate of expected income and expenses.

E.g: What is your budget for our trip?

Fig: I am on a budget

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INCOME

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1. Monetary payment received for goods or services, or from other sources, as rents or investments.

eg: They come from a low income family, but then they became wealthy

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REFUND

Back

to give back or restore

e.g: The store will refund the full purchase price to its customers.

e.g: The store will refund me the money.

(tax refunds)

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DEBT

Back

1. an obligation to pay or perform something:

3. e.g: He was in debt to Bancolombia the amount of $200,000 COP

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CASH

Back

money in the form of coins or banknotes.

E.G: Since we have nequi, we're completely out of cash. :'(

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INSTALLMENT PAYMENT

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paying for a product or service over time.

e.g: He paid his rent in 2 installments.

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SAVINGS ACCOUNT

Back

a bank account on which interest is paid. It is used to record deposits, withdrawals