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
d - credit rating
e - funds
f - debit card
g - authorize
h - fees
i - PIN
j - direct deposit
1. an assessment of how likely someone is to meet their financial obligations → ✓
2. a secret code used to verify a banking transaction → ✓
3. a situation in which more money is withdrawn than is available in an account → ✓
4. a card that gives electronic access to money in a bank account → ✓
5. money that is available for a particular purpose → ✓
6. a payment method that transfers money electronically into a bank account → ✓
7. to give official permission or approval → ✓
8. a record of the transactions in a bank account over a particular period → ✓
9. charges paid for a service → ✓
10. able or likely to change over time → ✓
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