Topic: Banking/Investing/Financial terms 2
An exercise to help you learn & practice the vocabulary of the financial world, while polishing your grammar skills. Although it's meant for ESL students, it'll be useful to anyone who wants to practice this specialized vocabulary.
Choose the best response to complete each of the sentences below.
BUSINESS VOCABULARY: Banking & finance
Need to review common banking & finance-related terms? We've got you covered:
Loan - money borrowed from a bank
Example: He applied for a personal loan.
Mortgage - loan used to buy property
Example: They took out a mortgage to buy a house.
Credit - ability to borrow money
Example: Good credit helps you get better loan terms.
Credit score - number showing credit reliability
Example: A high credit score lowers interest rates.
Debt - money owed to a bank or lender
Example: He is paying off his debt.
Collateral - asset used to secure a loan
Example: The car was used as collateral.
Principal - original amount borrowed or invested
Example: She repaid the principal early.
Repayment - paying back borrowed money
Example: Monthly repayment is required.
Installment - one of several loan paymentsv
Example: The final installment is due next month.
Default - failure to repay a loan
Example: The borrower defaulted on the loan.
MATERIALS TO HELP YOU LEARN (AND TEACH!):
BUSINESS ENGLISH GLOSSARY
BUSINESS ENGLISH WORKSHEET COLLECTION
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