Banking Glossary
Vocabulary Word Definition Example Sentence Statement A document that shows the amounts of money that you have received or spent My bank statement will prove if you have paid me or not. Investment The act of using money to make more money His real estate investment is helping him make more money. Branch The physical location of banking corporation First Bank has six branches around town. Payee A person or organization money is paid to Always write the name of the payee on a check. Bank fees A sum of money paid to use the services of a bank I had to pay a bank fee when I used my credit card abroad. Wire/Electronic transfer A digital way to send money from one bank to another. I don't have any cash, so I will send you an electronic transfer. Safety deposit box A special metal box kept in a bank where money and valuable items are stored She keeps her expensive jewelry in a safety deposit box.
Source : Alison
No comments:
Post a Comment