Banking and Money Vocabulary (Sonali Bank, Bangladesh Bank Written Job Preparation)
! Banking and Money Vocabulary !
(Sonali Bank, Bangladesh Bank Written
Job Preparation)
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Word
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Meaning
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ATM
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Automated
Teller Machine: a machine, usually in a wall outside a bank, from which you
can take money out of your bank account using a special card.
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Bank Balance
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the amount of
money in a bank account.
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Bank Charges
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sums of money
paid by a customer for a bank's services.
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Bank Statement
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a printed
record of the money put into and removed from a bank account
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Bounce
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when a check
cannot be paid or accepted by a bank because of a lack of money in the
account:
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Cash
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(noun) money
in the form of notes and coins, rather than checks or credit cards:
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Cash a Check/Cheque
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(verb) to
exchange a check for cash:
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Checkbook (US)
/ Chequebook (UK)
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a book of
checks / cheques with your name printed on them which is given to you by your
bank to make payments with.
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Check (US) / Cheque
(UK)
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a printed
form, used instead of money, to make payments from your bank account:
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Credit
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1. money in
your bank account.
2. a method of
paying for goods or services at a later time, usually paying interest as well
as the original money.
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Credit card
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a small
plastic card which can be used as a method of payment, the money being taken
from you at a later time.
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Checking
Account (US) / Current Account (UK)
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a bank account
that you can take money from at any time and which usually earns little or no
interest.
debit
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Debt
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money, which
is owed to someone else, or the state of owing something:
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Expense
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when you spend
or use money.
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Direct debit
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an arrangement
for making payments, usually to an organization, in which your bank moves
money from your account into the organization's account at regular times:
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Withdraw
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to take money
out of a bank account.
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Interest
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1. money which
is charged by a bank or other financial organization for borrowing money.
I got a loan
with an interest rate of 10%.
2. money that
you earn from keeping your money in an account in a bank or other financial
organization.
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Loan
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a sum of money
which is borrowed, often from a bank, and has to be paid back, usually
together with an additional amount of money that you have to pay as a charge
for borrowing.
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NSF
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Non Sufficient
Fund
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Tax
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(an amount of)
money paid to the government, which is based on your income or of the cost of
goods or services you have bought:
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Overdraft
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The act of
overdrawing a bank account.
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Payee
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a person who
money is paid to or should be paid to.
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Insurance
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an agreement
in which you pay a company money and they pay your costs if you have an
accident, injury, etc:
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Traveler's
check
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a piece of
paper that you buy from a bank or a travel company and that you can use as
money or exchange for the local money of the country you visit
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Savings
account (US) / deposit account (UK)
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a bank account
in which you usually leave money for a long time and which pays you interest.
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Standing
account (UK)
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an instruction
to a bank to pay a particular amount of money at regular times from a
person's bank account to another bank account (compare direct debit)
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