Banking and Finance

LEGAL TENDER /ligəl tɛndər/

22 Jan 2020

Noun

  • Legal tender is the money which can be officially used in a country.
Example Sentences: A French person tried to pay using old British pound notes. I told him they weren't legal tender any more.
 

INVISIBLE EXPORTS /ɪnˈvɪzəbəl ɪkˈspɔrt/

21 Jan 2020

Noun

  • Services supplied to foreign countries such as banking and other financial services are called invisible exports
Example Sentences: Invisible exports now make up more than half of the United Kingdom's GDP
 

THE GRAVY TRAIN  

16 Jan 2020

Phrase

  • The gravy train is a way of making money quickly, easily, and often dishonestly.
Example Sentences: With no end to the property boom in sight, speculators are continuing to ride the gravy train.
 

MERCHANT BANK /mɜrtʃənt bæŋk/

12 Jan 2020

Noun

  • A merchant bank is a bank involved with companies rather than with people.
Example Sentence: Agro National Bank is a merchant bank which specialises in lending to the farming industry.
 

BANK INTEREST RATE  

09 Jan 2020

Noun

  • A bank's interest rate is the amount that the bank charges on money that it lends you.
Example Sentence: My bank's interest rate on mortgages currently stands at 4.75%; its interest rate on savings is just 1.3%.
 

CONSUMER PRICE INDEX  

08 Jan 2020

Noun

  • The consumer price index is a measurement of the changes in the cost of basic goods and services.
Example Sentence: Analysts were forecasting that the Consumer Price Index would register a 0.4 percent increase for July when that figure is released on Wednesday.
 

NEST EGG /nɛst ɛg/

07 Jan 2020

Noun

  • A nest egg is a sum of money that has been saved or kept for a special purpose.
Example Sentence: Regular investment of small amounts of money is an excellent way of building a nest egg.
 

STONE BROKE /stoʊni broʊk/

06 Jan 2020

Phrase

  • If you are stone broke, you are completely without money.
Example Sentences: Don't ask Jim to lend you any money; he's stone broke.
 

JOINT-VENTURE COMPANY  

05 Jan 2020

Noun

  • A joint-venture company is a company owned by two businesses which have joined together to share risk or expertise on a specific project or group of projects.
Example Sentence: In a bid to compete in the LED market, two Taiwanese companies from the mainstream silicon semiconductor business have established a joint-venture company.
 

LOAN SHARK /loʊn ʃɑrk/

04 Jan 2020

Phrase

  • A loan shark charges very large amounts for lending money to someone.
Example Sentence: The loan shark, Gary Mills, made his money by charging a massive 25% interest a week.
 

INTEREST /ɪntərɪst/

03 Jan 2020

Noun

  • the money a bank pays you for their use of your money, or the money you pay the bank for a loan.
Example Sentence: The interest rate on her savings account was higher than that on her checking account.
 

A STATEMENT /steɪtmənt/

02 Jan 2020

Noun

  • a record of transactions that a bank sends its customers, usually every month.
Example Sentence: The bank statement always arrived on the third of the month.
 

TO ISSUE A CREDIT CARD  

01 Jan 2020

Phrase

  • to give a credit card to a customer.
Example Sentence: The bank issues three kinds of credit cards.
 

SERVICE CHARGE OR BANK FEES  

31 Dec 2019

Noun

  • money that a customer pays a bank for an account or other services.
Example Sentence: There is no service charge if the account has a minimum balance of $1,500.
 

TO VERIFY /vɛrəˌfaɪ/

30 Dec 2019

Verb

  • to check or to make sure something is correct, like a signature or an amount of money.
Example Sentence: The teller verified his signature before giving him the money.
 
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