Banking and Finance Vocabulary – Flashcards
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checking
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A bank account you use to pay everyday expenses
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teller
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a bank employee
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gross
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income before you pay taxes
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withdraw
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take money out of the bank
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payment
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borrowed money that you pay back at a regular interval
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deposit
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put money in the bank
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cash advance
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money borrowed on a credit card
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variable
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an interest rate that changes with time
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loan
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money that you borrow
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prime
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a bank's main interest rate
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default
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not pay a loan
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savings
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a bank account you use to save money
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fee
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money you pay to do something
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cosign
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guarantee a loan for somebody else
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borrow
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the opposite of lend
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interest
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a monthly fee on borrowed money
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debt
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What you have if you borrow money
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credit limit
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the maximum you can borrow on your credit card
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mortgage
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a house loan
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ATM
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a cash machine
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credit card
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VISA or MasterCard
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self-employed
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you are your own boss
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transfer
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move money between bank accounts
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income
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money that you earn
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debit
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money that you withdrew from your account
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fixed
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an interest rate that stays the same
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salary
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your monthly wage
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fund
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another word for money
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net
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income after you pay taxes
