Banking (common words/expressions) - vocabulary matching 2
📚 Key vocabulary
hedge fund — a pooled investment fund using advanced strategies, typically available only to institutional or accredited investors
underwriting — the process of evaluating and assuming financial risk for a fee, used in loans, insurance, and securities
amortization schedule — a table showing periodic loan payments broken down by principal and interest over the life of the loan
letter of credit — a bank document guaranteeing a buyer's payment to a seller, used frequently in international trade
default — the failure to meet the legal obligations of a loan, such as missing scheduled payments
fiduciary — a person or institution with a legal obligation to act in another party's best financial interest
money market — a financial market for short-term, low-risk debt instruments and highly liquid securities
yield — the earnings generated on an investment, expressed as a percentage of its cost or current market value
repo rate — the interest rate at which a central bank lends money to commercial banks on a short-term basis
non-performing loan (NPL) — a loan on which the borrower has not made scheduled payments for a specified period, usually 90 days
hedge fund — a pooled investment fund using advanced strategies, typically available only to institutional or accredited investors
underwriting — the process of evaluating and assuming financial risk for a fee, used in loans, insurance, and securities
amortization schedule — a table showing periodic loan payments broken down by principal and interest over the life of the loan
letter of credit — a bank document guaranteeing a buyer's payment to a seller, used frequently in international trade
default — the failure to meet the legal obligations of a loan, such as missing scheduled payments
fiduciary — a person or institution with a legal obligation to act in another party's best financial interest
money market — a financial market for short-term, low-risk debt instruments and highly liquid securities
yield — the earnings generated on an investment, expressed as a percentage of its cost or current market value
repo rate — the interest rate at which a central bank lends money to commercial banks on a short-term basis
non-performing loan (NPL) — a loan on which the borrower has not made scheduled payments for a specified period, usually 90 days
READY TO PRACTICE? LET’S GO!
Match each definition with the letter of one of the following:
a - statement
b - overdraft
c - variable (adj.)
d - credit rating
e - funds
f - debit card
g - authorize (v.)
h - fees (n.pl)
i - PIN number
j - direct deposit
1. an estimate of how trustworthy a person is in fulfilling his/her financial commitments, often based on his/her financial history
→ ✓
2. a secret code → ✓
3. when you take out more money than is available in your account, sending the account into a "negative balance" → ✓
4. a card which allows someone to access the money in his/her account immediately (electronically) → ✓
5. money → ✓
6. a method of payment which electronically deposits money into your checking or savings account → ✓
7. to approve → ✓
8. a list of all the activity (transactions) in a bank account, usually sent out per month → ✓
9. charges (n.pl.) → ✓
10. something that changes over time → ✓
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