{"id":63751,"date":"2021-09-16T16:46:56","date_gmt":"2021-09-16T14:46:56","guid":{"rendered":"https:\/\/global-exam.com\/blog\/?p=63751"},"modified":"2021-10-20T15:19:05","modified_gmt":"2021-10-20T13:19:05","slug":"english-vocabulary-payment-vocabulary-learn-the-related-terms-and-methods","status":"publish","type":"post","link":"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-payment-vocabulary-learn-the-related-terms-and-methods\/","title":{"rendered":"Payment Vocabulary: Learn The Related Terms And Methods"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1456px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-1\"><p><strong>Money<\/strong> is undoubtedly one of the most important things in life, and making <strong>payments<\/strong> is something we do everyday. Therefore, if you&rsquo;re learning English and are struggling with vocabulary regarding money and payment, take a look at this <strong>vocabulary sheet<\/strong>. We&rsquo;ll be going over:<\/p>\n<ul>\n<li><strong>A list<\/strong> of words used for payments;<\/li>\n<li>Various banking<strong> idioms<\/strong>.<\/li>\n<\/ul>\n<p>Read on to learn some <strong>easy<\/strong> vocabulary terms.<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-0{width:100% !important;margin-top : 0px;margin-bottom : 0px;}.fusion-builder-column-0 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-0{width:100% !important;}.fusion-builder-column-0 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-0{width:100% !important;}.fusion-builder-column-0 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-1{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1456px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div style=\"text-align:center;\"><style type=\"text\/css\">.fusion-button.button-1 {border-radius:25px;}.fusion-button.button-1 .fusion-button-text {text-transform:none;}<\/style><a class=\"fusion-button button-flat button-large button-default button-1 fusion-button-span-no fusion-button-default-type\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/auth.global-exam.com\/register\"><span class=\"fusion-button-text\">Test My Level For Free<\/span><\/a><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-1{width:100% !important;margin-top : 0px;margin-bottom : 0px;}.fusion-builder-column-1 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-1{width:100% !important;order : 0;}.fusion-builder-column-1 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-1{width:100% !important;order : 0;}.fusion-builder-column-1 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-2{ padding-top : 0px;margin-top : 30px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 30px;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1456px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-2\"><p>Whether you need\u00a0to take the<a href=\"https:\/\/global-exam.com\/en\/exam\/ielts\">\u00a0IELTS<\/a>,\u00a0<a href=\"https:\/\/global-exam.com\/en\/exam\/toeic\">TOEIC<\/a>,\u00a0<a href=\"https:\/\/global-exam.com\/en\/exam\/toefl-ibt\">TOEFL<\/a>,\u00a0<a href=\"https:\/\/global-exam.com\/en\/exam\/c1-advanced\">CAE<\/a>,\u00a0<a href=\"https:\/\/global-exam.com\/en\/exam\/cambridge-fce\">FCE<\/a>,\u00a0<a href=\"https:\/\/global-exam.com\/en\/exam\/toeic-bridge\">BRIDGE<\/a>,\u00a0<a href=\"https:\/\/global-exam.com\/en\/exam\/bulats\">BULATS (Linguaskill),<\/a>\u00a0<a href=\"https:\/\/global-exam.com\/en\/exam\/bright-english\">BRIGHT ENGLISH<\/a>, or if you simply wish to <a href=\"https:\/\/global-exam.com\/en\/general\/english\">learn English from scratch<\/a>, you need to enhance your <a href=\"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-list-all-the-essential-words-you-need-to-know\/\">English vocabulary<\/a>\u00a0in order to prepare for your test. We have have made a long list of vocabulary worksheets:<\/p>\n<ul>\n<li class=\"entry-title fusion-responsive-typography-calculated\" data-fontsize=\"45\" data-lineheight=\"56.25px\"><a href=\"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-anthropology-vocabulary-definition-of-words-and-concepts\/\">Anthropology Vocabulary<\/a><\/li>\n<li class=\"entry-title fusion-responsive-typography-calculated\" data-fontsize=\"45\" data-lineheight=\"56.25px\"><a href=\"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-chemistry-vocabulary-essential-list-of-words-and-phrases\/\">Chemistry Vocabulary<\/a><\/li>\n<li><a href=\"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-stock-market-vocabulary-top-100-words-you-need-to-know\/\">Stock Market Vocabulary<\/a><\/li>\n<li><a href=\"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-real-estate-vocabulary-glossary-for-accomodation-terms\/\">Real Estate Vocabulary<\/a><\/li>\n<li><a href=\"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-purchase-vocabulary-glossary-of-common-words-and-phrases\/\">Purchase Vocabulary<\/a><\/li>\n<li><a href=\"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-product-vocabulary-useful-terms-to-learn-for-a-company\/\">Product Vocabulary<\/a><\/li>\n<li><a href=\"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-research-vocabulary-list-of-words-terms-and-concepts\/\">Research Vocabulary<\/a><\/li>\n<li><a href=\"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-phone-vocabulary-common-words-and-phrases-to-use-daily\/\">Phone Vocabulary<\/a><\/li>\n<li><a href=\"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-office-supplies-vocabulary-list-of-stationery-items-to-know\/\">Office Supplies Vocabulary<\/a><\/li>\n<li><a href=\"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-management-vocabulary-top-words-to-improve-your-skills\/\">Management Vocabulary<\/a><\/li>\n<li><a href=\"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-law-vocabulary-the-a-to-z-guide-to-legal-terms-worksheet\/\">Law Vocabulary<\/a><\/li>\n<li><a href=\"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-human-resources-vocabulary-learn-basic-phrases-and-terms\/\">Human Resources Vocabulary<\/a><\/li>\n<li><a href=\"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-factory-vocabulary-top-words-for-industrial-production\/\">The Factory Vocabulary<\/a><\/li>\n<li><a href=\"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-list-bank-and-finance-useful-terms-to-learn\/\">Vocabulary List: Bank and Finance<\/a><\/li>\n<li><a href=\"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-computer-vocabulary-lists-of-basics-words-you-should-know\/\">Computer Vocabulary<\/a><\/li>\n<li><a href=\"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-marketing-vocabulary-list-of-essential-words-and-terms\/\">Marketing Vocabulary<\/a><\/li>\n<li><a href=\"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-social-media-vocabulary-list-of-definitions-to-know\/\">Social Media Vocabulary<\/a><\/li>\n<li><a href=\"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-meteorology-vocabulary-list-of-words-related-to-climate\/\">Meteorology Vocabulary<\/a><\/li>\n<li><a href=\"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-culture-vocabulary-list-most-common-words-and-phrases\/\">Culture Vocabulary List<\/a><\/li>\n<li><a href=\"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-architecture-vocabulary-list-top-100-common-words-used\/\">Architecture Vocabulary<\/a><\/li>\n<li><a href=\"https:\/\/global-exam.com\/blog\/en\/english-vocabulary-sociology-vocabulary-top-100-glossary-of-terms-to-know\/\">Sociology Vocabulary<\/a><\/li>\n<\/ul>\n<h2><a id=\"post-63751-_zbvpxp11ivo3\"><\/a>What Is a Payment? How Exactly Can You Define It?<\/h2>\n<p>A\u00a0<strong>payment<\/strong> is the act of <strong>settling a purchase; <\/strong>giving a sum of money for a good or service.<\/p>\n<p><img class=\"aligncenter wp-image-65356\" src=\"https:\/\/global-exam.com\/blog\/wp-content\/uploads\/2021\/09\/payment-vocabulary-e1633017003887.jpg\" alt=\"person making a contactless payment by card\" width=\"700\" height=\"287\" srcset=\"https:\/\/global-exam.com\/blog\/wp-content\/uploads\/2021\/09\/payment-vocabulary-e1633017003887-200x82.jpg 200w, https:\/\/global-exam.com\/blog\/wp-content\/uploads\/2021\/09\/payment-vocabulary-e1633017003887-300x123.jpg 300w, https:\/\/global-exam.com\/blog\/wp-content\/uploads\/2021\/09\/payment-vocabulary-e1633017003887-400x164.jpg 400w, https:\/\/global-exam.com\/blog\/wp-content\/uploads\/2021\/09\/payment-vocabulary-e1633017003887-600x246.jpg 600w, https:\/\/global-exam.com\/blog\/wp-content\/uploads\/2021\/09\/payment-vocabulary-e1633017003887-768x314.jpg 768w, https:\/\/global-exam.com\/blog\/wp-content\/uploads\/2021\/09\/payment-vocabulary-e1633017003887-800x328.jpg 800w, https:\/\/global-exam.com\/blog\/wp-content\/uploads\/2021\/09\/payment-vocabulary-e1633017003887-1024x419.jpg 1024w, https:\/\/global-exam.com\/blog\/wp-content\/uploads\/2021\/09\/payment-vocabulary-e1633017003887-1200x491.jpg 1200w, https:\/\/global-exam.com\/blog\/wp-content\/uploads\/2021\/09\/payment-vocabulary-e1633017003887.jpg 1280w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<h2><a id=\"post-63751-_nrssw4s2ubiq\"><\/a>Most Common Payment Vocabulary Terms &amp; Words to Learn<\/h2>\n<h3><span style=\"text-decoration: underline;\">Account:<\/span><\/h3>\n<p>A private <strong>access<\/strong> that a bank opens for its clients to deposit their funds regularly. The client can use it either to make purchases or to receive money.<\/p>\n<h3><span style=\"text-decoration: underline;\">Agios:<\/span><\/h3>\n<p>Overdraft <strong>charges<\/strong> you must pay when you have exceeded your payments related to your bank credit.<\/p>\n<p>Automatic teller machine (ATM):<\/p>\n<p>A device that allows a bank user to <strong>withdraw<\/strong> money from his or her account without having to go to the bank&rsquo;s counter.<\/p>\n<h3><span style=\"text-decoration: underline;\">Backoffice:<\/span><\/h3>\n<p>An <strong>interface<\/strong> that enables all the administrative and operational tasks that a customer doesn\u2019t need to perform when making a purchase.<\/p>\n<h3><span style=\"text-decoration: underline;\">Bank:<\/span><\/h3>\n<p>A<strong> financial institution<\/strong> that provides financial services such as: collecting savings, receiving deposits of funds, granting loans, managing payments.<\/p>\n<h3><span style=\"text-decoration: underline;\">Bank card:<\/span><\/h3>\n<p>It\u2019s a small <strong>plastic card<\/strong> owned by a customer holding a bank account and which allows him to withdraw or transfer funds, or to pay a seller or supplier of a good or service outright.<\/p>\n<h3><span style=\"text-decoration: underline;\">Banknote:<\/span><\/h3>\n<p>It\u2019s a means of payment mainly made of <strong>printed paper<\/strong>, most often printed by a country&rsquo;s central bank or currency board.<\/p>\n<h3><span style=\"text-decoration: underline;\">Bankruptcy:<\/span><\/h3>\n<p>This is the situation of someone when he or she <strong>can no longer meet<\/strong> his or her expenses and his or her debts are too huge.<\/p>\n<h3><span style=\"text-decoration: underline;\">Bill:<\/span><\/h3>\n<p>A document serving as <strong>evidence<\/strong> in the sale of a product or service.<\/p>\n<h3><span style=\"text-decoration: underline;\">Bitcoin:<\/span><\/h3>\n<p>It\u2019s a <strong>virtual currency<\/strong> created in 2009 by an unidentified person whose pseudonym is Satoshi Nakamoto. It\u2019s not issued or administered by a banking authority but on the blockchain protocol of the same name.<\/p>\n<h3><span style=\"text-decoration: underline;\">Blacklists:<\/span><\/h3>\n<p>A list of names, countries, or otherwise, considered by a bank, an authority or group to be objectionable, which should be <strong>excluded<\/strong> and cannot be trusted.<\/p>\n<h3><span style=\"text-decoration: underline;\">Branch:<\/span><\/h3>\n<p>It refers to the commercial<strong> premises <\/strong>in which banks welcome their customers to carry out banking transactions.<\/p>\n<h3><span style=\"text-decoration: underline;\">Capture:<\/span><\/h3>\n<p>A procedure to secure funds in the cardholder\u2019s account, then to place them in a \u2018<strong>pending debit<\/strong>\u2019 by his bank once the transaction has been authorised, then they will no longer be available to the cardholder. The capture is finalised once the money is encashed by the seller.<\/p>\n<h3><span style=\"text-decoration: underline;\">Card scheme fees:<\/span><\/h3>\n<p>Fees charged by <strong>card networks<\/strong> for any transaction using a bank card. These fees vary according to the nature of the card, the cardholder\u2019s bank\u2019s location, and the payment platform used, as well as the method of payment, be it online or physical.<\/p>\n<h3><span style=\"text-decoration: underline;\">Cash:<\/span><\/h3>\n<p>It\u2019s a word used to name sound <strong>money<\/strong>, in banknotes or coins.<\/p>\n<h3><span style=\"text-decoration: underline;\">CentralPay:<\/span><\/h3>\n<p>It\u2019s an online <strong>platform card networks<\/strong> for the digitising and optimising of payment processes.<\/p>\n<h3><span style=\"text-decoration: underline;\">Chargeback:<\/span><\/h3>\n<p>It\u2019s the <strong>cancellation<\/strong> of a payment made on a site as a result of a claim by a customer.<\/p>\n<h3><span style=\"text-decoration: underline;\">Charges:<\/span><\/h3>\n<p>are the<strong> fees<\/strong> owed by a customer to carry out a transaction, supply a product or provide a service. They can also be due to irregular functioning of a bank account or to payment incidents.<\/p>\n<h3><span style=\"text-decoration: underline;\">Cheque:<\/span><\/h3>\n<p>It\u2019s a <strong>paper note<\/strong> by which a person holding a bank account gives an order to pay, either to himself or to a third party, the sum of money is to be taken from the credit.<\/p>\n<h3><span style=\"text-decoration: underline;\">Chequebook:<\/span><\/h3>\n<p>A <strong>booklet with stumps<\/strong>, containing a number of cheques that a banker provides to an account holder.<\/p>\n<h3><span style=\"text-decoration: underline;\">Coin:<\/span><\/h3>\n<p>A small struck metal disc used for <strong>small payment<\/strong>.<\/p>\n<h3><span style=\"text-decoration: underline;\">Contactless payment:<\/span><\/h3>\n<p>Make a purchase by simply <strong>touching<\/strong> the payment terminal with a payment card or mobile phone.<\/p>\n<h3><span style=\"text-decoration: underline;\">Counterfeiting:<\/span><\/h3>\n<p>The offence of making, holding or using<strong> forged<\/strong> money.<\/p>\n<h3><span style=\"text-decoration: underline;\">Credit:<\/span><\/h3>\n<p>Money <strong>inflows<\/strong> in your bank.<\/p>\n<h3><span style=\"text-decoration: underline;\">Credit (ask for a):<\/span><\/h3>\n<p>A credit can be an <strong>advance <\/strong>of money by a bank to be reimbursed with charges.<\/p>\n<h3><span style=\"text-decoration: underline;\">Debit:<\/span><\/h3>\n<p>It means any <strong>outflow<\/strong> of money, when you make a purchase, a payment.<\/p>\n<h3><span style=\"text-decoration: underline;\">Deposit:<\/span><\/h3>\n<p>The transaction in which an individual remits his or her bank a sum of money to be <strong>held in safekeeping<\/strong> in accordance with specific terms.<\/p>\n<h3><span style=\"text-decoration: underline;\">Differed payment:<\/span><\/h3>\n<p>The payment isn\u2019t processed at the moment of the sale. The account is debited <strong>after<\/strong> a certain period of time. The acquisition date and the payment date are therefore different.<\/p>\n<h3><span style=\"text-decoration: underline;\">Drawee:<\/span><\/h3>\n<p>The financial institution to which a debit payment item is <strong>directed<\/strong> and which is under obligation to settle the stipulated transaction.<\/p>\n<h3><span style=\"text-decoration: underline;\">Funds:<\/span><\/h3>\n<p>They are <strong>assets <\/strong>held in a bank which the bank has the right to use for its purpose, but which it must return according to specified terms.<\/p>\n<h3><span style=\"text-decoration: underline;\">Gift voucher:<\/span><\/h3>\n<p>A <strong>non-nominal<\/strong> payment of a pre-fixed amount, issued for the use of local authorities or individuals and accepted by accredited shops.<\/p>\n<h3><span style=\"text-decoration: underline;\">IBAN:<\/span><\/h3>\n<p>The IBAN (International Bank Account Number) is the number <strong>identifying<\/strong> an account. With the transition to the SEPA standard, the debtor\u2019s IBAN is sufficient for a direct debit for national and cross-border transactions.<\/p>\n<h3><span style=\"text-decoration: underline;\">Instalment:<\/span><\/h3>\n<p><strong>Divided<\/strong> paiement for a purchase or a debt in a number of times.<\/p>\n<h3><span style=\"text-decoration: underline;\">Method of payment:<\/span><\/h3>\n<p>A system, technical tool or other aid that enables the<strong> use of money<\/strong> for expenditure or transaction purposes.<\/p>\n<h3><span style=\"text-decoration: underline;\">Money:<\/span><\/h3>\n<p>Money is a <strong>means<\/strong> <strong>of exchange<\/strong>, most often in the shape of banknotes and coins, a company accepts them to pay for goods, services and all kinds of expenses.<\/p>\n<h3><span style=\"text-decoration: underline;\">Money laundering:<\/span><\/h3>\n<p>It consists in <strong>concealing<\/strong> the source of money or property derived from criminal activities.<\/p>\n<h3><span style=\"text-decoration: underline;\">Payee:<\/span><\/h3>\n<p>Person to whom a <strong>paymen<\/strong>t is destined.<\/p>\n<h3><span style=\"text-decoration: underline;\">PayPal:<\/span><\/h3>\n<p>It\u2019s an <strong>American company<\/strong> providing a worldwide online payment service system.<\/p>\n<h3><span style=\"text-decoration: underline;\">Payslip:<\/span><\/h3>\n<p>A <strong>mandatory documen<\/strong>t sent to an employee by his or her employer for each payment of salary, with details and the final amount.<\/p>\n<h3><span style=\"text-decoration: underline;\">PIN code:<\/span><\/h3>\n<p>Also known as a <strong>personal identification number<\/strong>, or a confidential code, it\u2019s a code of at least 4 digits, designed to authentify the holder of a bank card.<\/p>\n<h3><span style=\"text-decoration: underline;\">SEPA:<\/span><\/h3>\n<p>It\u2019s the acronym for Single Euro-Payment Area. It\u2019s a project that aims to create an integrated <strong>European payments market<\/strong> for organisations and citizens who make or receive payments in euros.<\/p>\n<h3><span style=\"text-decoration: underline;\">Stopping payment:<\/span><\/h3>\n<p>It\u2019s a <strong>procedure<\/strong> to invalidate the use of a bank card or cheque in certain circumstances, or to block a direct debit.<\/p>\n<h3><span style=\"text-decoration: underline;\">Transaction:<\/span><\/h3>\n<p>The commercial operation that follows the approval of your customer\u2019s means of payment\u2019s debit. It represents the <strong>cashing<\/strong> of the agreed amount.<\/p>\n<h3><span style=\"text-decoration: underline;\">Visual cryptogram:<\/span><\/h3>\n<p>It usually refers to the last three or four <strong>digits<\/strong> on the back of a credit card. They are meant to ensure online payments.<\/p>\n<h3><span style=\"text-decoration: underline;\">Wallet:<\/span><\/h3>\n<p>Account opened by a payment establishment used for the exclusive purposes of <strong>payment transactions<\/strong>.<\/p>\n<h3><span style=\"text-decoration: underline;\">Whitelist:<\/span><\/h3>\n<p>A list of clients who could <strong>bypass<\/strong> the defined or usually set filters. For example, it allows you to join a list of trusted users, regular users, acquaintances etc.<\/p>\n<h3><span style=\"text-decoration: underline;\">Wire transfer:<\/span><\/h3>\n<p>It\u2019s a banking method whereby a <strong>holder authorises<\/strong> his or her bank to credit a third party\u2019s account by debiting his or her account.<\/p>\n<h3><span style=\"text-decoration: underline;\">Withdrawal:<\/span><\/h3>\n<p>The operation through which an account holder <strong>withdraws cash<\/strong> from his\/her account, either at an ATM using his\/her card or at a bank branch.<\/p>\n<p><img class=\"aligncenter wp-image-65355\" src=\"https:\/\/global-exam.com\/blog\/wp-content\/uploads\/2021\/09\/payment-vocabuary-terms-e1633017072306.jpg\" alt=\"man making a payment with his credit card\" width=\"700\" height=\"225\" srcset=\"https:\/\/global-exam.com\/blog\/wp-content\/uploads\/2021\/09\/payment-vocabuary-terms-e1633017072306-200x64.jpg 200w, https:\/\/global-exam.com\/blog\/wp-content\/uploads\/2021\/09\/payment-vocabuary-terms-e1633017072306-300x97.jpg 300w, https:\/\/global-exam.com\/blog\/wp-content\/uploads\/2021\/09\/payment-vocabuary-terms-e1633017072306-400x129.jpg 400w, https:\/\/global-exam.com\/blog\/wp-content\/uploads\/2021\/09\/payment-vocabuary-terms-e1633017072306-600x193.jpg 600w, https:\/\/global-exam.com\/blog\/wp-content\/uploads\/2021\/09\/payment-vocabuary-terms-e1633017072306-768x247.jpg 768w, https:\/\/global-exam.com\/blog\/wp-content\/uploads\/2021\/09\/payment-vocabuary-terms-e1633017072306-800x258.jpg 800w, https:\/\/global-exam.com\/blog\/wp-content\/uploads\/2021\/09\/payment-vocabuary-terms-e1633017072306-1024x330.jpg 1024w, https:\/\/global-exam.com\/blog\/wp-content\/uploads\/2021\/09\/payment-vocabuary-terms-e1633017072306-1200x387.jpg 1200w, https:\/\/global-exam.com\/blog\/wp-content\/uploads\/2021\/09\/payment-vocabuary-terms-e1633017072306.jpg 1279w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<h2><a id=\"post-63751-_dx1xxv6l7ylt\"><\/a>What Are the Most Common Banking Idioms? Simple Examples<\/h2>\n<p>You will find in the below paragraph useful banking idioms you could use:<\/p>\n<blockquote>\n<ul>\n<li><em>\u2018When a dictator dies, a Swiss bank closes\u2019 <\/em>meaning all dictators hide the money they had embezzled in <strong>anonymous accounts<\/strong> in Switzerland.<\/li>\n<li>\u2018<em>Learning is <\/em><strong><em>storing gold<\/em><\/strong><em> in the bank of your mind<\/em>\u2019 meaning learning is the wealth of the mind.<\/li>\n<li><em>\u2018Honesty in business is having money that you deny to your creditors in your bank account\u2019<\/em> meaning honesty doesn\u2019t exist in business.<\/li>\n<li><em>\u2018Nothing can resist a banknote. It\u2019s an open sesame as well as a weapon\u2019 <\/em>meaning money has a<strong> great power <\/strong>in the world.<\/li>\n<li>\u2018<em>Running a casino is like robbing a bank but without cops\u2019 <\/em>meaning casinos are <strong>tricksters.<\/strong><\/li>\n<li><em>\u2018A bank will lend you an umbrella when the sun is shining and take it back when it rains\u2019 <\/em>meaning banks only care about <strong>making money<\/strong>.<\/li>\n<li>\u2018<em>Friendship is a bank, to which one must always remember to deposit\u2019 <\/em>meaning nothing is more <strong>precious<\/strong> than friendship.<\/li>\n<li><em>\u2018If people were to figure out the banking system, I think there would be a revolution before daybreak\u2019<\/em> meaning banks are <strong>taking advantage<\/strong> of people.<\/li>\n<li><em>\u2018Happiness is a tricky balance between banks and beds<\/em>\u2019 meaning the world is <strong>driven<\/strong> by sex and money.<\/li>\n<li><em>\u2018Good resolutions are vouchers drawn on a bank where one has no account\u2019 <\/em>meaning good resolutions aren\u2019t <strong>reliable<\/strong>.<\/li>\n<li><em>\u2018Save the moments of happiness, in the bank of your heart, you can make a withdrawal in case of need<\/em>\u2019 meaning happiness is rare, keep it safe.<\/li>\n<li><em>\u2018When there is no other worship than about gold, it\u2019s at the Stock Exchange that one teaches religion, and one draws morals from the Bank\u2019 <\/em>meaning when <strong>greed<\/strong> prevails, human values disappear.<\/li>\n<li><em>\u2018If the climate were a bank, the rich nations would have saved it by now\u2019 <\/em>meaning rich countries are unaware that<strong> climate issues<\/strong> endanger the world more than a shortage of capital.<\/li>\n<li>\u2018<em>The bank is a coon trap\u2019<\/em>. This is a wordplay between account and <strong>coons<\/strong>.<\/li>\n<\/ul>\n<\/blockquote>\n<h2><a id=\"post-63751-_cnvmtuw0wqq7\"><\/a>Learn and Improve Your English With Globalexam\u2019s Platform<\/h2>\n<p><a id=\"post-63751-_o76kz5tmghco\"><\/a> GlobalExam is the <strong>online platform <\/strong>you need to learn English in fun and innovative ways. We put at your disposal the talents of our outstanding teams and the most efficient methods to help you progress rapidly and successfully!<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-2{width:100% !important;margin-top : 0px;margin-bottom : 0px;}.fusion-builder-column-2 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-2{width:100% !important;}.fusion-builder-column-2 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-2{width:100% !important;}.fusion-builder-column-2 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-3{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":24,"featured_media":65357,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1736,2032,5579,2113,2148,2166,2198],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.2.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Payment Vocabulary: Learn The Related Terms And Methods - GlobalExam Blog<\/title>\n<meta name=\"description\" content=\"You have been able to learn lots of payment vocabulary with GlobalExam. 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