MONEY TERMS

ENGLISH IV - BIG PICTURE - P. 100

Sava ENEL

BORROW (V)
Meaning:
to use something that belongs to
someone else and give it back later
(dn almak)
Common collocation:
borrow sth from sb
Examples:
Can I borrow a pen please?
I borrowed the book from my sister.

COST (V/N)
Meaning:
to use something that belongs to someone
else and give it back later

Examples:
How much do these shoes cost?
It costs $5 to send the package by airmail.
The cost of living (= the cost of food,
clothes, etc) has increased.

EARN (V)
Meaning:
to get money for doing work

Examples:
She earns more than TL 4,000 a month.

INVEST (N)
Meaning:
to give money to a bank, business, etc, or
buy something, because you hope to get a
profit

Examples:
I invested more than a million Turkish Liras
in this project.
Is it a good idea to invest all your money
in this company?

LEND (V)
Meaning:
to give something to someone for a period of
time, expecting that they will then give it back to
you
Common collocations:
lend sth to sb
lend sb sth
Examples:
How much do these shoes cost?
It costs $5 to send the package by airmail.
The cost of living (= the cost of food, clothes,
etc) has increased.

SAVE (V)
Meaning:
to keep money so that you can buy
something with it in the future
Examples:
We've saved almost $900 for our
wedding.
I am trying to save a little money for
the future.

Meaning:

SPEND (V)

to use money to buy or pay for something or

to use time doing something or being
somewhere
Common Collocations:
spend money/time

Examples:
She spends too much money on clothes.
He spent 18 months working on the
project.
He's planning to spend some time at home

BILL (N)
Meaning:
a piece of paper that tells you how much
you must pay for something you have
bought or for a service you have used
Common Collocations:
pay the bill

Examples:
Have you paid the electricity bill?

LOAN (N)
Meaning:
money that someone has borrowed

Examples:
a bank loan
She needed money, so she asked her
friend for a loan.

RENT (V)
Meaning:
the amount of money that you pay to live in
a building that someone else owns.

Examples:
They couldn't afford the rent.
He rented an apartment for a couple of
months

SALARY (N)
Meaning:
a fixed amount of money that you receive
from your employer, usually every month

Examples:
They offered her a salary of $50,000 a
year.

CASH (N)
Meaning:
money in the form of coins or notes

Examples:
I dont use cash; I always carry a credit
card.
Would you like to pay by credit card or in
cash?

PAY (V)
Meaning:
a piece of paper that tells you how much
you must pay for something you have
bought or for a service you have used
Common Collocations:
pay the bill

Examples:
Have you paid the electricity bill?

WELL-PAID (ADJ)
Meaning:
earning a lot of money
Common Collocations:
a well-paid job

Examples:
I finally got a well-paid job.

FEE (N)
Meaning:
an amount of money that you pay to do
something, to use something, or to get a
service

Examples:
an entrance fee
university fees

COMMISSION (N)
Meaning:
money given to someone when they sell
something

Examples:
The staff receive 5% commission on
everything that they sell.
Many salesmen work on commission.

PROFIT (N)
Meaning:
money that you get from selling goods or
services for more than they cost to produce
or provide

Common collocations:
make a profit

Examples:
The staff receive 5% commission on
everything that they sell.
Many salesmen work on commission.

INCOME (N)
Meaning:
money that you earn by working, investing,
or producing goods

Common collocations:
Examples:
Tourism has a great share in our country's
national income.
Farming is his main source of income.
What was the company's annual income?

EXPENSE (N)
Meaning:
the money that you spend on something

Examples:
You have to pay your own medical
expenses.
What are the expenses of having a car?

COIN (N)
Meaning:
a flat, usually round, piece of metal used as
money

Examples:
I have a dollar in coins.

NOTE (N)
Meaning:
a piece of paper money (American English =
bill)

Examples:
My grandmother gave me a fifty-lira note.

BARGAIN (N)
Meaning:
something that is sold for less than its usual
price or its real value

Examples:
These trainers are fifty liras a pair; it is a
bargain.
When you go to the UK, dont try to make
a bargain with sellers; it wont work!

TAX (N)
Meaning:
money that you have to pay to the
government from what you earn or when
you buy things

Examples:
There is a lot of tax on cigarettes.
Do you have to pay tax on that?

QUESTIONS
1. Jannet: I hear you planto quit your
job.
Why?
Ben: I plan to quit my job
because it is not a -------- one. I want get a
better -------------.
A. well-paid/ salary
B. bill/ loan
C. investment/ profit

QUESTIONS
2. Ben: Can I have this toy car, mom?
Mother: Honey, if you want to
have it you have
to ----------- for it. It has
a -------------.
Ben: OK, I have some money.
A. borrow/ salary
B. cost/ cash
C. pay/ salary

QUESTIONS
3. Ahmet:
but I

I want to buy a house in USA,

have to pay a higher

----------- there on
the house.
Ben: Why dont you get some advice
from a
real estate agent? Be careful
when you ---------your money.
A. bill/ spend
B. loan/ waste

QUESTIONS
4. Betl: I have to buy this beautiful
carpet. It is
a ------------. The price is
very good!
Maria: You will have to take this
carpet to USA.
The transportation
increases the ----------.
A. profit/ loan
B. bargain/ cost

QUESTIONS
5. Benjy: Wow, you have a lot of ------------in this
box. They look very shiny in
there.
Bill: You now, because they are metal
and
heavier than ------------ and I dont
like to
carry them in my pocket.
A. expenses/ taxes
B. coins/ notes

QUESTIONS
6. Abraham: Do you have a
-------------- of one
thousand dollars?
Tom: Of course I dont! It is big
cash! Who am I,
a millionairre, pal?
A.
B.
C.
D.

note/ cash
income/ salary
salary/ bargain
income/ fee

QUESTIONS
7. Ali: I believe popstars ------------- a
lot of money
Tom: They have a lot of -------------,
too. They
have to spend money on
many things.
A.
B.
C.
D.

save/ loans
earn/ expenses
spend/ profit
lend/ commissions

QUESTIONS
8. Tommy: Marks salary is not his
only -------------.
He has a shop and and
a company
--------------- his shop.
Angel: That is great for him!
A. income/ rented
B. loan/ borrowed
C. profit/ lent

QUESTIONS
9. Attila: When you sell something,
you must make
-------------, extra money.
Otherwise, it is
not good business.
Safaret: Of course I sell things
with a price more
than the ---------------.
A. income/ fee
B. loan/ cash

QUESTIONS
10. James: I need to go the hospital
and dont have
much money. Could you
please ----------me some money?
Leila: Of course, I -----------some money last
month. I can give it to
you.
A. borrow/ spent

ANSWER KEY
1A, 2D, 3C, 4B, 5B, 6A, 7B, 8A, 9C,
10D