TOLES Foundation 2A (Definitions)

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a balance
začať sa učiť
it is the amount of money that you have got in your bank account.
a bank account is in the black
začať sa učiť
it means that there is money in your bank account. in other words, you are in credit.
a bank account is in the red
začať sa učiť
it means that you have spent more money than you had in your bank account. you have overdrawn your bank account.
a bank statement
začať sa učiť
it is a document you receive from a bank which tells you how much money you have deposited in your bank account or withdrawn from your bank account, and when, and how much you have at the moment.
a bill
začať sa učiť
it is a demand for payment for the goods and services you have received.
a branch of a bank
začať sa učiť
it is a local office or bureau of your bank.
a credit
začať sa učiť
it is an amount of money paid into a bank account.
a current account
začať sa učiť
a bank account that you can use at any time. it is called a checking account in the usa.
a debit
začať sa učiť
it is an amount of money that goes out of a bank account.
a debit card
začať sa učiť
it is a card that allows you to withdraw cash from your current account or pay for goods or services electronically.
a debt
začať sa učiť
it is a general word for money which you owe to someone else.
a fee
začať sa učiť
it is a payment you have to make to a professional person to do something for you.
a foreign currency
začať sa učiť
it is the money in coins and notes that people use in that country.
an account number
začať sa učiť
it is a personal number that identifies your bank account.
an applicant
začať sa učiť
a person who wants to ask for something, like a job or a bank account.
an atm (machine)
začať sa učiť
a cashpoint. a machine that distributes money to bank customers.
an automated payment
začať sa učiť
a payment that your bank will make at regular times without needing your permission to do it each time.
an income
začať sa učiť
it is a word for all the money that you receive regularly from your salary or from other things.
an overdraft
začať sa učiť
it is the amount of money you can take out of your bank account although you do not have this money in the account.
bank charges
začať sa učiť
these are payments you have to make to a bank for using their services.
chip and pin
začať sa učiť
the system of security for using credit and debit cards when withdrawing money.
interest (uncountable!)
začať sa učiť
it is the amount of money that a bank charges you for a loan or overdraft. interest is also paid to you on any amount you save at our bank.
outgoings
začať sa učiť
it is a word for all of the money that you spend. it could be every month or every year.
straightforward
začať sa učiť
it means something is simple and easy to understand.
subject to status
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depending on meeting certain criteria.
to be eligible for something
začať sa učiť
it means you meet the requirements, or that you are the right kind of person. you qualify for something.
to borrow
začať sa učiť
it means to take (often money) from someone else for a period of time. you must give it back to them.
to default on the loan
začať sa učiť
it means not to pay back the money one has borrowed from the bank.
to deposit money
začať sa učiť
to put money into a bank account.
to issue a cheque
začať sa učiť
it means to give someone a check and validate it by signing it.
to lend
začať sa učiť
it means to give a thing (often money) to someone else for a period of time. they must give it back to you.
to owe
začať sa učiť
it means to have to pay some money to someone else.
to print off your balance
začať sa učiť
it means to look at how much money you have in your bank account and receive a piece of paper showing that amount.
to transfer cash
začať sa učiť
it means to move money electronically from one bank account to another.
to validate something
začať sa učiť
to make something legally acceptable and effective.
to withdraw money
začať sa učiť
it means to take money out of a bank account.

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