mortgage /ˈmɔːrɡɪdʒ/ (noun) a legal agreement by which a bank or similar organization lends you money to buy a house, etc., and you pay the money back over a particular number of years; the sum of money that you borrow Example: Hiram mortgaged his home to get extra money to invest in his business
signature /ˈsɪɡnətʃər/ (noun) your name as you usually write it, for example at the end of a letter Example: The customer's signature was kept on file for identification purposes
transaction /trænˈzækʃn/ (noun) a piece of business that is done between people, especially an act of buying or selling Example: Banking transaction will appear on your monthly statement
debt /det/ (noun) a sum of money that somebody owes Example: The banks are worried about your increasing debt
authorize /ˈɔːθəraɪz/ (verb) to give official permission for something, or for somebody to do something Example: We cannot share the test results with you until we have been authorized to do so by your doctor
statement /ˈsteɪtmənt/ (noun) something that you say or write that gives information or an opinion Example: My bank sends me monthly statement
limit /ˈlɪmɪt/ (noun) the greatest or smallest amount of something that is allowed Example: We were reaching the limits of civilization.
cheque /tʃek/ (noun) a printed form that you can write on and sign as a way of paying for something instead of using money Example: to write a cheque
bank /bæŋk/ (noun) an organization that provides various financial services, for example keeping or lending money Example: There is only one bank in this town.
card /kɑːrd/ (noun) thick, stiff paper; a piece of this for writing on Example: a piece of card
grant /ɡrænt/ (verb) to agree to give somebody what they ask for, especially formal or legal permission to do something Example: He has been awarded a research grant.
withdraw /wɪðˈdrɔː/ (verb) to take money out of a bank account Example: Both powers withdrew their forces from the region.
pin /pɪn/ (noun) a short thin piece of stiff wire with a sharp point at one end and a round head at the other, used especially for fastening together pieces of cloth when sewing Example: Pin all the pieces of material together.
cost /kɔːst/ (noun) the amount of money that you need in order to buy, make or do something Example: It costs a fortune to fly first class.
trace /treɪs/ (verb) to find or discover somebody/something by looking carefully for them/it Example: The ship had vanished without (a) trace.
cash /kæʃ/ (noun) money in the form of coins or notes Example: Payments can be made by cheque or in cash.
credit /ˈkredɪt/ (noun) an arrangement that you make, with a shop for example, to pay later for something you buy Example: Your credit limit is now £2000.
Interest rate /ˈɪntrəst reɪt/ (noun) Example: I don’t know what the interest rate is.
mandate /ˈmændeɪt/ (noun) the authority to do something, given to a government or other organization by the people who vote for it in an election Example: The election victory gave the party a clear mandate to continue its programme of reform.
cash flow /ˈkæʃ fləʊ/ (noun) the movement of money into and out of a business as goods are bought and sold Example:
exceed /ɪkˈsiːd/ (verb) to be greater than a particular number or amount Example: The price will not exceed £100.
current account /ˈkɜːrənt əkaʊnt/ (noun) a type of bank account that you can take money out of at any time, and that provides you with a debit card and (sometimes) a chequebook Example:
in words /ɪn wɜːdz/ to explain it more clearly Example:
in figures /ɪn ˈfɪɡə(r)z/ the symbol for a number or an amount expressed in numbers Example:
swift /swɪft/ (adjective) happening or done quickly and immediately; doing something quickly Example:
account holder /əˈkaʊnt ˈhəʊldə/ Example:
pay into /peɪ ˈɪntʊ/ (phrasal verb) to put money into a bank account Example:
debit /ˈdebɪt/ (noun) a written note in a bank account or other financial record of a sum of money owed or spent Example:
standing order /ˌstændɪŋ ˈɔːrdər/ (noun) an instruction that you give to your bank to pay somebody a fixed amount of money from your account on the same day each week/month, etc. Example: