Personal Finance Vocabulary

2015-12-15

1148

Обсуждений (0)

0.00 из 5.00 0 оценок

⇐ Предыдущая 13 14 15 16 17 18 192021 22 Следующая ⇒

XII. Match the column on the right with the definitions:

1________ 2________ 3________ 4________ 5________ 6________ 7________ 8________ 9________ 10________ 11________ 12________ 13________ 14________ 15________ 16________ 18________

mortgage default funds variable fixed co-sign cash advance credit rating credit evaluation credit limit annual savings chequing afford interest net income gross income prime

(a) Money. (b) Stays the same over time. (c) Guarantee a loan for somebody else. (d) Money that you borrow on a credit card. (e) A check to see how well you can pay back a loan. (f) The maximum you can borrow. (g) A loan to buy a house or property. (h) A bank account you use to save money. (i) Be able to pay for goods or pay back a loan. (j) Changes over time. (k) Not pay back a loan. (l) The cost of borrowing money. (m) An opinion on how well you can pay back a loan. (n) Your income after you pay income taxes and expenses. (o) The basic interest rate that banks use. (p) A bank account you use for day to day expenditures. (q) Yearly. (r) Your income before you pay taxes.

XIII. Match the words with their opposites:

________ ________ ________ ________ ________ ________	spend variable withdraw borrow default purchase	(a) deposit (b) lend (c) save (d) sell (e) fixed (f) pay back
XIV. Fill in a preposition to complete the sentence:
	(1) If you owe money, you are ___ debt. (2) If you have a savings account, you are keeping your money ___ the bank. (3) If you take money out of your bank account, you are withdrawing funds ____ your account. (4) If you move money from a savings account to a chequing account, you are transferring funds ___ chequing. (5) When you give back money that you borrowed you are paying ___ your debts or paying ____ your debts.

XV. Explain the difference using whereas:
	(1) A savings account usually has a high interest rate, whereas a chequing account has a low interest rate. (2) A fixed interest rate doesn’t change with time, ____________________________. (3) Your gross income is your income before you pay taxes, ____________________________. (4) A deposit is when you put money into your account, ____________________________.

XVI. Fill in the gaps with the vocabulary items listed above each paragraph: A.
limit default afford	cash advance funds	debt purchase	pay back interest
Credit Cards Credit cards are a convenient way to ___________ goods. They also come in handy when you have a shortage of ____________. If you need a little extra money for the weekend, you can take out a ___________ ____________.
In spite of these benefits, credit card _________ can also cause serious problems for people. People spend more than they can _________. And because of the high _________ on money borrowed, the credit card debt becomes harder and harder to _______ _______. Eventually, some people are forced to ___________ on their payments. This is why credit card companies put a ________ on the amount that people can borrow.
B.
credit risk afford	mortgage co-sign	savings default	credit evaluation
	Mortgages Most people don’t have enough in ___________ to purchase a house so they take out a house loan, which is called a _________. Before you get a mortgage, the bank will do a thorough ________ __________ to make sure you can __________ the loan. If the bank feels you are a ________ ________ they may ask you to find somebody else to __________ your
mortgage. This person will be responsible to pay your mortgage if you __________.

LET’S READ

2015-12-15

1148

Обсуждений (0)

0.00 из 5.00 0 оценок

⇐ Предыдущая 13 14 15 16 17 18 192021 22 Следующая ⇒

Обсуждение в статье: Personal Finance Vocabulary

Обсуждений еще не было, будьте первым... ↓↓↓