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The bank CONCEPT MEANING bank account current account savings account debtor creditor loan debt.

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Presentation on theme: "The bank CONCEPT MEANING bank account current account savings account debtor creditor loan debt."— Presentation transcript:

1 The bank CONCEPT MEANING bank account current account savings account debtor creditor loan debt

2 bank clerk teller banker line mortgage foreign currency safe ATM

3 Banking 1balancen. the difference between credits and debits in an account 2bank charges n. money paid to a bank for the bank's services etc 3branchn. local office or bureau of a bank 4Check book US n. book containing detachable checks; chequebook UK 5check US n. written order to a bank to pay the stated sum from one's account; cheque UK 6creditn. money in a bank a/c; sum added to a bank a/c; money lent by a bank - also v.

4 credit cardn. (plastic) card from a bank authorising the purchasing of goods on credit current account n. bank a/c from which money may be drawn at any time; checking account US debitn. a sum deducted from a bank account, as for a cheque - also v. deposit account n. bank a/c on which interest is paid; savings account US

5 11fill in UK v. to add written information to a document to make it complete; to fill out US 12interestn. money paid for the use of money lent - interest rate n. 13loann. money lent by a bank etc and that must be repaid with interest - also v. 14overdra ft n. deficit in a bank account caused by withdrawing more money than is paid in 15pay inv. [paid, paid] to deposit or put money in to a bank account

6 16payeen. person to whom money is paid 17paying-in slip n. small document recording money that you pay in to a bank account 18standing order n. an instruction to a bank to make regular payments 19statementn. a record of transactions in a bank account 20withdrawv. [-drew, -drawn] to take money out of a bank account - withdrawal n.

7 PHRASAL VERBS USED IN BANKING  bale sb/sth out phr v [T] FINANCE to provide money to get a person or organisation out of financial trouble; BAIL OUT: The restructuring was aimed at baling out  call in phr v 2 [T] call sth in to ask for money that you have lent to be repaid: UMF continued to trade at a loss and in November 1987 the Canadian Cooperative Credit Society called in its loan.  chalk up chalk up sth phr v [T] to succeed in getting something or reaching a total: KLM chalked up profit of 192.5 million guilders.

8  charge sth off phr v [T] ACCOUNTING, FINANCE to lose profit because money that is owed to you will not be repaid: Banc One charged off $82.9 million in bad loans on the third quarter. –  draw sth down phr v [T] 1 to obtain money as part of a loan that has already been agreed, or to use money that has been saved: He drew down the final $25 million of the Bankers Trust loan. A huge wave of Japanese will soon reach retirement and begin to draw down their life savings.

9 roll sth over phr v [T] FINANCE if you roll over a loan or investment, you obtain a new loan or investment to replace one that has MATURED (= reached the end of its life): Balances on bank credit cards can be rolled over into next month's payment, incurring interest. Certificates of deposit are automatically rolled over at current interest rates for another period of the same duration unless the bank is given other instructions.

10 SO.. WHAT CONCEPT WAS IT??????  deficit in a bank account caused by withdrawing more money than is paid in……………………………………  small document recording money that you pay in to a bank account...................................................................  a sum deducted from a bank account, as for a cheque - also v. ………………………………………………………..  the difference between credits and debits in an account ……………………………………………………………

11 SO, WHICH IS THE DEFINITION? Payee: person to ………………………………….. paying-in slip: small document recording …………………………………………. standing order: an instruction to a bank ……………………………………… Statement: a record of …………………………………………… Withdraw: to take money ……………………………………………………


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