Level 25
Level 26

Unit 14 - Money


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benefit
1. (n) money or other help that the government gives people who need financial help. for example because they do not have a job 2. (n) an advantage you get from a situatioin 3. (v) to get help or an advantage from something
compensation
(n) money that someone receives because something bad has happened to them
damages
(n) money that a court orders you to pay someone because you have harmed them or their property
debt
(n) an amount of money that you owe
deduct
(v) to take an amount or number from a total
deposit
1. (n) a first payment that you make when you agree to buy or rent something expensive such as a car or house 2. (n) an amount of money that you pay into a bank account 3. (v) to pay money into a bank account
direct debit
(n phr) an order to a bank to regularly pay money from your account to a person or organisation
dividend
(n) a share of the progits of a company, paid once or twice a year to the people who own the company's shares
down payment
(n phr) a first payment that you make when you are buying something and are going to pay the rest later
finance
1. (n) decisions on how money is spent or invested 2. (n) money that is used to pay for something such as a large project 3. (v) to pay for something such as a large project
insurance
(n) an arrangement in which you regularly pay an insurance company or other organisation an amount of money so that they will give you money if something you own is damaged, lost or stolen, or you die or are ill or injured
interest
(n) money that a person ir institution such as a bank charges you for lending you money
investment
(n) 1. money used in a way that may earn you more money, for example money used for buying property or shares in a company 2. the process of spending money in order to improve something or make it more successful
lump sum
(n phr) money in a single large payment rather than small separate payments
mortgage
(n) a legal agreement in which you borrow money from a bank in order to buy a house. You pay back your mortgage by making monthly payments
overdraft
(n) an agreement with your bank that allows you to spend money when you have no money left in your account
pension
(n) an amount of money that someone who no longer works because of their age or an illness, etc is paid regularly, either by a company they once worked for or by the government
share
(n) one of the equal parts of a company that you can buy as a way of investing money
speculate
(v) to take the risk of investing your money in a company in the hope that you can make a big profit later by selling the shares you buy
withdraw
(v) to take money from a bank account
Level 27