MONEY VOCABULARY & IDIOMS

MONEY VOCABULARY Account - n. a record of money a person deposits into a bank ATM - n. Automatic Teller Machine / cashpoint / cash machine / hole in the wall (coll.) Balance - n. the difference between credits and debits in an account Bank - n. a building in which commercial banking is transacted Bank charges - n. money paid to a bank for the bank's services etc. Barter - v. to trade without using money. Borrow - v. to ask for the temporary use of money on the condition of repayment and at a set rate of interest. Branch - n. local office or bureau of a bank Cashflow - n. cash earnings minus cash outflows for fixed- and working-capital investment. Cashier - n. an employee of a bank or building society who receives and pays out money. Chequebook - n. book containing detachable cheques

Cashflow - n. cash earnings minus cash outflows for fixed- and working-capital investment Current account - n. bank a/c from which money may be drawn at any time; checking account US Debt - n. the state of owing something (especially money). Denomination - n. a number that expresses the value of a coin or bill.  A five pound note and a ten pound note represent two denominations. Foreign exchange - n. used to describe the currency of other countries and the system for dealing in such currency (often shortened to Forex). Interest - n. money paid for borrowing money, or money that a bank or building society pays a customer for putting money into their bank Interest rate - n. the percentage of an amount of money which is paid for the use of that money over a period of time. Lend - v. to give the temporary use of money on the condition of repayment and at a set rate of interest. Loan - n. money lent by a bank etc and that must be repaid with interest - also v.

Mortgage - n. most of us do not buy our homes outright for cash - instead we borrow money to do so Overdraft - n. deficit in a bank account caused by withdrawing more money than is paid in Pension - n. A regular payment made during a person's retirement (when they become too old to work) from an investment fund to which that person or their employer has contributed. Salary - n. A fixed regular payment, typically paid on a monthly or biweekly basis made by an employer to an employee. Standing order - n. an instruction to a bank to make regular payments Withdraw - v. to take money out of a bank account Withdrawal - n. the act of taking out money.

WHAT ARE IDIOMS? expressions which have a meaning that is not obvious from the individual words fixed in their form and cannot be changed or varied the best way to understand an idiom is to see it in context or look them up in a dictionary

MONEY TALKS means that people with a lot of money have power and influence / money can influence what is done or how it is done said about people and organizations that are rich, and can therefore get or do what they want Example: He was a fool to take the job, but money  talks, so of course he took it. I can't compete against rich old Mr. Jones. He'll get her way because money talks.

TO BE BACK ON ONE’S FEET recover from anything, especially financial problems Example: My sister is back on her feet after losing her job last year. 

BET YOUR BOTTOM DOLLAR if you bet your bottom dollar on something, you are absolutely certain of it Of course! / Sure thing! Example: Jack is very punctual.  You can bet your bottom dollar he'll be here at 9 o'clock on the dot.

BUY (something) FOR A SONG to buy something cheaply Example: I was able to buy my first house for a song. 

BURN YOUR FINGERS to suffer financially as a result of an action or foolish behaviour (especially loss of money), so you are not keen to try the same thing again Example: If you get involved in the controversy, you  may burn your fingers.

TO BE CAUGHT SHORT to suddenly find you are not prepared for a situation, especially to be without or not have enough money when you need it Example: I was caught short and had to borrow some money from my father last week.

COST AN ARM AND A LEG something that is very expensive Example: These opera tickets cost us an arm and a leg!

TO GO DUTCH WITH SOMEBODY to share the cost of something, such as a meal or a concert Example: I actually prefer going Dutch because I don’t want to feel in debt do anyone.

TO FEEL THE PINCH begin to suffer from a lack of money Example: Consumers have felt the pinch of higher  gasoline prices.

GOLDEN HANDSHAKE generous sum of money given to an executive who leaves a company due to termination, corporate restructuring, or retirement Example: The company's vice president received a $500,000 golden handshake after being pressured to leave his position.

MONEY TO BURN to spend a lot of money on things that are not necessary / to have abundance of money that you can spend on anything you want Example: I don't know what her job is but she certainly seems to have money to burn.

NEST EGG savings / a reserve of money which you put aside for future needs / a fund of money accumulated as reserve Example: They built up a nest egg for their son's college education.

TO BE PAID PEANUTS have a very low salary / to pay the absolute minimum amount necessary Example: I had a few jobs during college getting paid peanuts, but it was the only work I could find that fit in with my studies.

SPLASH OUT ON SOMETHING spend a lot of money on buying things, especially things that are pleasant to have but that you do not need Example: They splashed out £5,000 on a holiday.

The man is rolling in money and he always has much money to spend. to have lots of money Example: The man is rolling in money and he always has much money to spend.  http://www.idiomconnection.com/money.html#B

DRIVING HOME FOR CHRISTMAS