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   Discover Through Learning Home  Links    Newsletter 23 May. 2017   
 
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Interpreting - Translation




Here are some expressions commonly used in discussing personal finance matters.

Listen to bank charges - charges made by a bank for services rendered
Listen to bounced-check - a check which a bank returns because it is not payable due to insufficient funds
Listen to cash dispenser - an unattended machine (outside some banks) that dispenses money when a personal coded card is used, ATM - automated teller machine
Listen to credit card - plastic card having a magnetic strip, issued by a bank or business authorizing the holder to buy goods or services on credit. Also called charge card.
Listen to creditor - a person to whom money is owed by a debtor; someone to whom an obligation exists
Listen to current account - an account with a bank from which any part of the balance may be withdrawn on demand. Withdrawals may be in the form of cheques payable to the drawer or a third party, by direct debits, standing orders, and via cash machines and debit cards;
Listen to debit - a monetary amount that is subtracted from the account balance
Listen to debit card - a card (usually plastic) that enables the holder to withdraw money or to have the cost of purchases charged directly to the holder's bank account
Listen to debit note - a note indicating an amount owed by a person or company; serves the same function as an invoice
Listen to debtor - a person who owes a creditor; someone who has the obligation of paying a debt
Listen to deposit - money that is entrusted for safekeeping, as in a bank or a partial payment made at the time of purchase; the balance to be paid later
Listen to deposit account - this is a bank account in which money is saved, and which pays interest on the money invested, savings account
Listen to direct debit - an instruction to a bank to allow money to be withdrawn from an account by someone other than the account holder. This is usually used to pay bills, and the amount withdrawn can vary with each payment
Listen to in the black - when your bank account is in credit
Listen to in the red - when your bank account is overdrawn
Listen to interest - a fixed charge for borrowing money; usually a percentage of the amount borrowed
Listen to interest rate - the percentage of a sum of money charged for its use
Listen to Internet banking - online banking, banking which uses the Internet as the delivery channel by which to conduct banking activity, for example, paying bills, viewing checking and savings account balances, paying mortgages, etc.
Listen to joint account - any account owned by two or more people
Listen to overdraft - the amount by which withdrawals exceed deposits, or the extension of credit by a lending institution to allow for such a situation
Listen to plastic money - of or obtained by means of credit cards
Listen to standing order - an instruction by a bank's customer to the bank, to pay an amount of money regularly to another bank account, either at the same account or elsewhere
Listen to statement of account - statement indicating the outstanding loan amount, the amount paid by the borrower, the appropriations made towards the interest and the principal etc. at the end of the financial year; bank statement
Listen to withdraw money - make a withdrawal from an account
Now we put new vocabulary into context, so you can see how you might use these terms yourself. The expressions are in boldface in the text.

Listen to We offer current accounts to suit your needs; all with free online banking.
Listen to A joint account that requires collective signatures means that the bank can carry out orders only if both account holders have signed.
Listen to Deposit account users receive detailed monthly reports showing both the current account balance and itemized transactions by type and cost of service.
Listen to When the bank statement arrives, open it and put your record keeping to good use.
Listen to Banks give you an option to reduce your bank charges by maintaining a minimum balance.
Listen to Most banks offer online banking services.
Listen to Debit cards can make carrying cash or a checkbook a thing of the past.
Listen to Most checking accounts will include a debit card you can use to withdraw money from your account at any ATM, 24-hours a day.
Listen to The best way to avoid overdraft and bounced-check fees is to manage your account so you donít overdraw it.
Listen to View current interest rates for a variety of mortgage products, and learn how we can help you reach your home financing goals.
Listen to Standing orders are useful for making regular payments, for example to a savings plan.
Listen to Direct debits offer a safe, efficient and reliable method for paying bills such as gas, electricity, insurance, mortgages, mobile phones and many more.




   
  





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