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Money and income – English vocabulary

26 words · English vocabulary · Created by OpenQuiz Team

26 English words with meanings: bank account, bank loan, credit card, earn, income… Study them with flashcards, quizzes and AI speaking practice on OpenQuiz.

Part of the learning path: Vocabulary in Daily Life - Pre-intermediate and intermediate

Word list

  1. bank account /'bæŋk ə,kaʊnt/ (noun) — an account in a bank where money is kept
    Example: She checked her bank account online.
    Synonyms: account, checking account, deposit account
  2. bank loan /'bæŋk loʊn/ (noun) — money a bank lends that must be paid back later
    Example: He got a bank loan to buy a car.
    Synonyms: loan, credit, financing
  3. credit card /'krɛdɪt kɑrd/ (noun) — a plastic card used to borrow money and pay later
    Example: I paid for dinner with my credit card.
    Synonyms: charge card, plastic
  4. earn /ɜ:rn/ (verb) — to get money for work or services
    Example: He earns a good salary.
    Synonyms: get, make, bring in
  5. income /'ɪnkʌm/ (noun) — money that a person or business receives regularly
    Example: His income comes from two jobs.
    Synonyms: earnings, salary, revenue
  6. interest n /'ɪntrəst/ (noun) — money paid for using borrowed money
    Example: You pay interest on a bank loan.
    Synonyms: fee, charge, cost
  7. interest rate /'ɪntrəst reɪt/ (noun) — the percent charged for borrowing money
    Example: The interest rate is lower this year.
    Synonyms: lending rate, borrowing rate, rate
  8. loan /loʊn/ (noun) — money borrowed and expected to be paid back
    Example: She took out a loan to buy a car.
    Synonyms: borrowed money, advance, credit
  9. loss /lɔ:s/ (noun) — money that is lost or not gained
    Example: The company reported a loss last quarter.
    Synonyms: deficit, shortfall, damage
  10. make (money) /meɪk 'mʌni/ (phrase) — to get money from work, business, or an activity
    Example: She makes money by selling handmade clothes.
    Synonyms: earn, bring in, generate
  11. make a profit/loss /meɪk ə 'prɑ:fɪt/ (phrase) — to earn or lose money in a business or deal
    Example: The shop made a profit on the sale.
    Synonyms: earn a profit/loss, gain money, lose money
  12. minimum wage /,mɪnɪməm 'weɪdʒ/ (noun) — the lowest amount of money a worker can legally be paid
    Example: The company pays its workers the minimum wage.
    Synonyms: lowest pay, legal minimum pay
  13. owner /'əʊnə/ (noun) — a person who has something as their property
    Example: The owner opened the shop early.
    Synonyms: proprietor, possessor, holder
  14. pay back /peɪ bæk/ (verb) — to return money that was borrowed
    Example: I'll pay back the money next week.
    Synonyms: repay, return
  15. pay n, v /peɪ/ (verb) — money given for work, or to give someone money for work
    Example: They pay her every Friday.
    Synonyms: salary, wages
  16. pay rise /'peɪ raɪz/ (noun) — an increase in the money you get for your work
    Example: She got a pay rise last month.
    Synonyms: raise, salary increase, wage increase
  17. profit /'prɑ:fɪt/ (noun) — money earned after costs are paid
    Example: The business made a profit this year.
    Synonyms: earnings, gain, income
  18. recession /rɪ'seʃən/ (noun) — a period when business activity is low and the economy is weak
    Example: The country fell into recession.
    Synonyms: downturn, slump, depression
  19. salary /'sæləri/ (noun) — a fixed amount of money paid regularly for work
    Example: She earns a good salary.
    Synonyms: fixed pay, annual pay
  20. spend (money) on spend /spend/ (verb) — use money to buy something
    Example: I spend my money on books.
    Synonyms: pay for, buy, use money for
  21. student loan /'stju:dənt loʊn/ (noun) — money borrowed to pay for study
    Example: She took out a student loan to pay for university.
    Synonyms: education loan, school loan
  22. tip [money] /tɪp/ (noun) — extra money given to a worker for good service
    Example: We left a tip for the waiter.
    Synonyms: gratuity, extra payment
  23. trade /treɪd/ (noun) — the buying and selling of goods or services
    Example: Trade between the two countries increased.
    Synonyms: commerce, business, exchange
  24. value /'vælju:/ (noun) — how much something is worth in money
    Example: The house has a high value.
    Synonyms: worth, price, cost
  25. wage /weɪdʒ/ (noun) — money paid for work, usually by the hour or week
    Example: The job offers a higher wage.
    Synonyms: pay, hourly pay
  26. worth [value] /wɝ:θ/ (noun) — the amount of money something can be sold for
    Example: This painting is worth a lot of money.
    Synonyms: value, price, cost

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