For intermediate learners: financial planning, banking systems, and economic concepts used in everyday news.
35 cards
revenue
the total money a business receives from selling its products or services
mortgage
a large loan from a bank used to buy a house, repaid over many years
insurance
a contract where you pay regular amounts so a company will cover certain future costs
interest rate
the percentage of a loan or deposit that is charged or earned as payment
inflation
a general rise in prices over time, which reduces the buying power of money
dividend
a share of a company's profits paid out to people who own its shares
pension
money paid regularly to someone after they retire from work
asset
something of value that a person or company owns, such as property or money
liability
a debt or financial obligation that a person or company must pay
negotiate
to discuss terms with someone in order to reach a financial agreement
transaction
any act of buying, selling, or transferring money
withdraw
to take money out of a bank account
deposit
to put money into a bank account, or a sum paid in advance to secure something
subsidy
money given by a government to help reduce the cost of something for people or businesses
expenditure
the total amount of money spent by a person, business, or government
invoice
an official document asking for payment for goods or services provided
overdue
not paid by the required date; past the deadline for payment
instalment
one of a series of regular payments made until the full amount is paid
overdraft
when you spend more money than you have in your bank account, going into a negative balance
equity
the value of something you own after subtracting any money still owed on it
collateral
something of value you offer to a lender as a guarantee for a loan
fiscal
relating to the money managed by a government or public body
surplus
an amount of money left over after all costs have been covered
deficit
a shortfall when spending or costs are greater than income
audit
an official examination of a company's financial records to check they are accurate
grant
money given by a government or organisation for a specific purpose, which does not need to be repaid
portfolio
a collection of financial investments held by one person or organisation
overhead
regular fixed costs a business must pay regardless of how much it sells
forecast
a prediction of future financial performance based on available information
creditor
a person or company to whom money is owed
debtor
a person or company that owes money to someone else
liquid
having money or assets that can easily and quickly be converted to cash
solvent
able to pay all debts because you have enough money or assets
break even
to earn exactly enough money to cover your costs, with no profit or loss
net income
the amount of money left after all taxes and costs have been taken from total earnings