This vocabulary sheet includes:
- Money vocabulary;
- Banking vocabulary
- Financial terms;
- A sample vocabulary exercise.
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Whether you wish to take the IELTS, TOEIC, TOEFL, CAE, FCE, BRIDGE, BULATS (Linguaskill) or even the BRIGHT ENGLISH, you need to enhance your English vocabulary in order to prepare for your test. Vocabulary is also important if you wish to learn English to perfection! We have have made a long list of vocabulary worksheets:
- Anthropology Vocabulary
- Chemistry Vocabulary
- Stock Market Vocabulary
- Real Estate Vocabulary
- Purchase Vocabulary
- Product Vocabulary
- Research Vocabulary
- Phone Vocabulary
- Payment Vocabulary
- Office Supplies Vocabulary
- Management Vocabulary
- Law Vocabulary
- Human Resources Vocabulary
- The Factory Vocabulary
- Computer Vocabulary
- Marketing Vocabulary
- Social Media Vocabulary
- Meteorology Vocabulary
- Culture Vocabulary List
- Architecture Vocabulary
- Sociology Vocabulary
Why Is It Important to Learn About Banking and Finance Vocabulary?
The bank is involved in our daily lives, whether it’s for the management of our money or for the financial support it can provide us.
Generally, banks play a key role in the stability and functioning of the financial system, and are under significant state surveillance.
The Most Common Money Vocabulary Words
| Banknote | A printed paper means of payment issued by a country's central bank or a public finance institute |
| Buck | An informal word for one dollar |
| Coin | A small metal disc with a distinctive imprint used as a small currency exchange |
| Coinage | It’s small item made of a rare material such as precious metal, and represents an assigned value for our financial trade |
| Currency | Instrument for measuring and preserving value, to exchange with goods |
| Dollar | American and some other countries monetary unit, one dollar is divided into 100 cents |
| Euro | European standard currency |
| Grand | One thousand dollars |
| Money | A means of payment |
| Pence | One hundredth of the value of the British pound or the Canadian dollar unit, one dollar is divided into 100 cents |
| Penny | Same value as a pence but just one coin |
| Pound | British currency, also called pound sterling |
| Silver sterling | A silver alloy containing 92.5% by weight of silver and 7.5% by weight of other metals, usually copper |
| Ton | Informal word for the equivalent of a hundred pound |
| Rand | South African currency |
| Dinar | Algerian currency |
| Mark | German currency |
| Shilling | Austrian currency |
| Rial | Iranian currency |
| Ruble | Russian currency |
| Won | Korean currency |
| Lire | Italian currency |
| Yen | Japanese currency |
| Couronne | Swedish currency |
The Most Common Banking Vocabulary Words
| Account | A private space opened for a customer in a bank for him or her to carry out various financial transactions |
| ATM | Automated teller machine that dispenses money according to the rights provided by a bank card and a secret code |
| Bank charges | It’s the price of the services offered by a bank. It can also be related to an account’s irregular operations or to incidents payments |
| Bank transfer | Sending money directly from a bank account to another, rather than through payment methods such as checks |
| Check | A writing in which a person (drawer) gives an order to remit, either to himself or to a third party, a sum to be debited from the credit of a checking account |
| Checkbook | A booklet, with a number of cheques, issued by a banker to a saving account holder |
| Credit | Making funds available to a beneficiary, without requiring immediate repayment |
| Credit card | A payment card that allows its owner to use money from a revolving credit facility |
| Debit | All sums withdrawn from a bank account |
| Debt | Money owed to a bank |
| Default | When a bank fails to provide the requested operation |
| Deposit | When an individual hands over a sum of money to his or her bank to be kept there |
| Deposit account | An account used to manage money on a daily basis, often including a card and a cheque book |
| Loan | Funds made available by a credit institution to a borrower without requiring immediate repayment |
| Overdraft | When the withdrawals exceed the amounts credited to an account and the balance is negative |
| Payee | One who receives an amount of money from a bank account |
| Paying-in-slip | A deposit or remittance to the bank with a document called a deposit slip |
| Standing order | An automatic transfer with which you pay a fixed amount to a payee at set times |
| Bank Statement | The document that lists all the movements on a bank account during the reference period |
| Transaction | Making a transfer or sending a sum of money from a bank account to another account, whether in the same institution or not |
| Withdrawal | An amount of cash taken by a customer from his or her bank account |
The Most Common Financial Terms
| Accounts payable | The money a company owes to its suppliers for the goods and services they billed and delivered to it |
| Accounts receivable | The money suppliers owe to a company for the goods and services rendered |
| Annual percentage rate | It's the calculation that adds up the total cost of a consumer's credit. It's defined as a percentage of the credit amount |
| Asset | An identifiable part of a bank's property and wealth |
| Asset allocation | It’s a strategy by which you choose investments in line with your objectives |
| Balance sheet | A bank’s picture of a company’s assets and liabilities at a given moment |
| Capital gains | Refers to profits made on the purchase and sale of assets |
| Cash flow | It’s a measurement of financial performance indicating the state of a company’s liquidity at a given time |
| Collateral | It’s a guarantee offered by a debtor to his or her creditor to settle a debt |
| Compound interest | A formula in which the sum taken into account for the interest rate calculation includes previous interest, collected in previous years |
| Credit limit | The amount that credit insurers agree to cover |
| Debt consolidation | It’s a loan granted by a financial institution for regrouping several loans such as consumer credits and credit cards |
| Debt-service coverage ratio | It measures a company’s ability to make debt payments when due |
| Defined contribution plans | They’re pension contracts in which an employer commits to funding |
| Fico scores | A numerical expression used to predict credit problems |
| Financial statements | They’re written documents that report on the business activities and financial results of a company |
| Fixed asset | They’re assets intended to remain in the company on a long-term basis. The value of the fixed asset is calculated on its purchase or production cost (if the company produces it itself) and some assets may be depreciated |
| Gross profit | Gross margin is the difference between the selling price and the cost of goods and services, excluding tax |
| Income statement | It’s a document that shows whether a company has made a profit or loss in a fiscal year |
| Liability | It provides information on the source of the resources, that is, the funds collected by the bank |
| Lien | It’s a credit granted under the condition of a mortgage on one or more real estate assets constituting the borrower’s patrimony |
| Loan to value | It’s a financial term used by the lender to express the ratio of a loan to the value of the asset purchased |
| Net worth | The net amount at which an asset or liability is recorded in an account book. It’s the asset’s acquisition value excluding taxes, minus any depreciation and or provisions already made |
| Personal guarantee | It’s the commitment made by a person or a party to use personal assets to settle a debt that a borrower would not be able to repay |
| Profit and loss statement | The same meaning as Income statement |
| Rebalancing | The process of realigning an asset portfolio’s forecast by periodically buying or selling assets to maintain the original asset distribution |
| Statement of cash flow | It indicates the impact of investment and financing decisions on the operating cash flow and gives an idea about the organisation’s solvency |
| Stock options | It’s a system of variable payment granted by a company’s shareholders to its managers or employees |
Sample Vocabulary Exercise To Practice
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