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Business English Vocabulary Unit 35 - 66
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Business English Vocabulary Units 35 - 66, first-year International Hotel Management course.
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Unit 35 – Personal fnanceAccount An arrangement with a bank to keep your money there and to allow
you to take it out when you need to
Branch One of the local offices of a large company, such as a bank
Bank An organizaton where people and businesses can keep, invest, or
borrow money
Current account A bank account that you can take money from and use for making
payments
Joint account An account that is shared by two or more people
In the black A bank account that is in the black has money in it
Go into the red Into a situaton where you are losing money
Overdraf An amount of money that a customer with a bank account is
temporarily allowed to owe to the bank
Overdraf facility An agreement with the bank that allows you to use or withdraw
more than you have in your account, as long as the overdraf stays
within a certain amount
Charge To ask an amount of money for something
Overdrawn Having taken more money out of your bank account than the
account contained
Interest Money that is charged for lending money
Interest rate The percentage amount that you pay for borrowing money, or get
for lending money
Deposit account/ A bank account that pays you interest, in which you usually leave
saving account money for a long tme
Credit card A card that can be used to buy goods or services and then pay for
them at a later tme
Paying with plastc Bank cards that are used to pay for things rather than using cash
Pay of If something you have done pays of, it is successful
Mortgage A loan to buy a house
Building society A business that lends you money if you want to buy a house, or pays
you interest on money you invest there
Credit crunch Economic conditons that make fnancial organizatons less willing to
lend you money
Negatve equity A situaton in which the value of a house has become less than the
amount of money its owner borrowed in order to buy it
Internet banking A system that allows you to put in or take out money from a bank
account by using the internet
Account balance The amount of money someone has in a bank account
Transacton An occasion when someone buys or sells something
Personal loan Money that you borrow from a bank for your personal use
Call center A large office in which a company’s employees provide informaton
to its customers, or sell or advertse its goods or services, by phone
Unit trust A service where fnancial experts invest the money of many people
in many diferent companies
Investment company A company that earns money by investng in other companies
Small investor Someone who invests small amounts of money
Individual savings A type of investment account in the UK in which tax on income is
, account (ISA) lower than usual
Financial product A product that is connected with the way in which you manage and
use your money
Saver A person who savers money regularly
Life insurance A system in which you make regular payments to an insurance
company in exchange for a fxed amount of money that will be paid
to you when you reach a certain age, or paid to someone you have
named, usually a member of your family, when you die
Pay out To pay a lot of money to someone
Insurance policy A writen agreement for insurance between an insurance company
and a person who wants insurance
Contributon Payments from a company or employee to pay for an employee’s
benefts such as medical insurance or a pension
Private pension A pension that you organize for yourself with an insurance company,
rather than one that is organized by your employer
Retrement The act of leaving your job and stopping working, usually because
you are old
Pension scheme A fnancial plan that allows you to receive money afer you or your
employer have paid money into it for a number of years
State pension A regular income paid by government to someone who does not
work anymore
Windfall An amount of money that you win or receive from someone
unexpectedly
Pension fund Money that employees of a company pay regularly to be invested to
provide them with a pension when they are older
Demutualize It becomes a company with shares owned by shareholders, and is no
longer owned by the people who have money in it
Financial insttuton A company that provides fnancial services
Financial products A product that is connected with the way in which you manage and
use your money
Unit 36 – Financial centres
Financial centres Places where there are many banks and other fnancial insttutons
Financial insttuton A company that provides fnancial services
The City/ Financial center in London
the Square Mile
Wall Street Financial center in New York
Investor A person who puts money into something in order to make a proft
or get an advantage
Speculator An investor who wants to make a quick proft, rather than one who
wants to invest over a longer period of tme
Broker A person who buys and sells foreign money, shares in companies,
etc., for other people
Dealer A person who trades in something
Trader A person who buys and sells things
Raise capital Relatng to the actons that a company takes in order to fnd new
capital to fnance its actvites
Float To start selling shares in a business or company for the frst tme
Go public A company that goes public makes shares available on a stock
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