Source: https://midobay.com/money/
Timestamp: 2019-04-25 12:39:09+00:00

Document:
ATM n. Automatic Teller Machine aka Hole in the wall.
n. a building in which commercial banking is transacted.
n. a cheque drawn on the bank (or building society) itself against either a cash deposit or funds taken directly from your own bank account.
v. to trade without using money.
n. A building society is like a bank, but it is owned by its members – savers and borrowers – and not by shareholders. Its traditional purpose was to lend money to individuals to purchase or remortgage their homes. This money used to come exclusively from individual saving members who are paid interest on their deposits. Now, an increasing proportion, but still a minority of the funds are raised on the commercial money markets.
n. fake money made in order to deceive – also v.
credit n. money in a bank a/c; sum added to a bank a/c; money lent by a bank – also v.
debit n. a sum deducted from a bank account, as for a cheque – also v.
n. you use a debit card in much the same way as a credit card but instead of receiving credit after making your purchase, the funds are automatically (within a few days usually) withdrawn from your bank account.
n. a number that expresses the value of a coin or bill. A five pound note and a ten pound note represent two denominations.
deposit account n. bank a/c on which interest is paid; savings account US.
fill in v. to add written information to a document to make it complete.
foreign exchange n. Used to describe the currency of other countries and the system for dealing in such currency (often shortened to Forex).
interest n. money paid for borrowing money, or money that a bank or building society pays a customer for putting money into their bank.
loan n. money lent by a bank etc and that must be repaid with interest – also v.
n. most of us do not buy our homes outright for cash – instead we borrow money to do so.
pay v. To give (someone) money that is due for work done, goods received, or a debt incurred.
pay n. Money paid to someone for regular work. Also see salary.
n. more than one penny.
pension n. A regular payment made during a person’s retirement (when they become too old to work) from an investment fund to which that person or their employer has contributed.
salary n. A fixed regular payment, typically paid on a monthly or biweekly basis made by an employer to an employee.
withdrawal n. the act of taking out money.
There are lots of ways to describe how rich or poor someone is. Here are a few – from very rich to very poor.
DO YOU LIKE TO SHARE YOUR MONEY, OR DO YOU KEEP IT ALL TO YOURSELF?
HERE IS A CONVERSATION BETWEEN MRS SMITH (JOAN) AND THE CASHIER AT HER NEW BANK.
It’s Saturday morning and Joan’s gone to the bank.
Joan I’d like to open a bank account, please.
Cashier Certainly. Do you have some form of identification?
Joan Yes, I bought my passport. Is that OK?
Cashier Yes. We also need proof of your current address. Do you have a utility bill or your driver’s licence with you?
Joan I’ve got my driver’s licence.
Cashier That’s fine. What kind of account did you want?
Joan Well I want two, a deposit account and a savings account.
Cashier That’s fine, we do both. Do you have any proof of income?
Joan Yes, I bought my pay slips for the last three months.
Cashier Good. You could also apply for a credit card at the same time, if you like.
Joan Yes, that would be great.

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