BANKS AND MONEY

Do you know anything about these

images?
IMPORTANT FINANCIAL DISTRICT OF..
 - Money: Notes ( ) and coins ( ) used to buy things.
Ex: Can you lend me some money to buy a coke?

- Currency: The money of a particular country /j.r/ /pand/

Ex: The local currency in Germany is the euro (you cant say money)

- Cash: Notes and coins (not credit cards, cheques, etc).

Ex: You have to pay in cash, credit card is not accepted.

- Change: The money you get back when you pay for something.

Ex: Excuse me; have you got change for a dollar?

- Loan: The act of lending money

Ex: I need to get a loan for buying a car.
 Debt: Something that is owed, such as money.

Get into debt: To have a debt.

Account: The sum of money deposited at a bank.

Ex: I need to open an account

Overdraft: You have an overdraft if you have no

money in your account and the bank pays it for you.
So you have to pay to the bank overdraft charges
(interest rate).

0 account + pays what you owe=

overdraft charges.

 Withdraw money: Take away, remove money from your account.

Ex: - Hi Sir! May I help you?

- Yes, I would like to withdraw money
- How much, Sir?
- 500, is that possible?

Cash flow problems: Incomes and expenses (ingresos y gastos) the

movement of money, withdraw money deposit money.

A cash point:

Have a bad credit rating: When you have a debt you have a bad credit
rating.
Ex: The bank only lent money to companies with very high credit ratings.
 Run up huge debts/Run out of money (acumular una gran factura/ deudas)

Ex: She stayed two weeks at the hotel and ran up a bill that
she couldn't pay.
Ex: You're spending a lot of money on the phone and youve
run out of money.

Write the debt off: To accept that an amount of money has been lost or that a debt
will not be paid.

Ex: The World Bank wrote off (consider a total loss) debts from some countries.

The currency collapse: breakdown, downfall, destruction

Ex: Economists predicted a collapse of the stock market

Be good with money: Save and spend within the limits.

Be bad with money: Always overspending money.

 Money laundering: Many people do that when they have gained money
through illegal activities (blanquear dinero).

Ex: That bank's notorious for its money laundering activities.

Loan sharks: A moneylender (usurero), a person who lends you money,

usually operating illegally. Finally, you will pay much more money with high
interest.

Ex: The loan shark offers a better lending rate

than my bank.

Apply for an overdraft: To negotiate an overdraft with an interest rate in

case of having one. The bank lends you money in order to avoid having an
overdraft. It is a kind of agreement.