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MoneyTerms
NEF Section 3C p.162
14
Business
Professional
12/18/2013

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Cards

Term
Budget
Definition
the money that is available to a person or organization
Term
Grant
Definition
a sum of money that given by the government or another organization to be use for a particular purpose, e.g. education
Term
Loan
Definition
money that a bank lends and somebody borrows
Term
Charge
Definition
an amount of money you pay for professional advice or service, e.g. to a lawyer or architect
Term
Fare
Definition
the money you pay to travel by bus, plane, taxi, etc.
Term
Fees
Definition
the amount of money sb asks for goods and services, etc…
Term
Savings
Definition
money that you keep in the bank and don’t spend
Term
Donation
Definition
money that you give to an organization such as a charity in order to help them
Term
Fine
Definition
a sum of money that must be paid as punishment for breaking a law or a rule
Term
Installment
Definition
one of a number of payments that are paid regularly until it has been paid for
Term
Deposit
Definition
a sum of money that is given as the first part of a larger payment
Term
Will
Definition
a legal document that says what is to happen to somebody’s money and property after they die
Term
Overdraft
Definition
the amount of money that you owe to a bank when you have spent more than is in your bank account
Term
Lump sum
Definition
an amount of money that is paid at one time and not on separate occasions
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