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Business and Finance - Payments

Study terms related to making and repaying payments, refunds, fees, fares, expenses, instalments, transfers, penalties, vouchers, and payment terms.

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Words Related to Business and Finance
to pay
to pay
[Verbo]

to give someone money in exchange for goods or services

pagar

pagar

Ex: He paid the cleaning service to tidy up the house. 

Él pagó el servicio de limpieza para ordenar la casa.

payment
payment
[Sustantivo]

an amount of money that is paid for something

pago

pago

Ex: The payment for our meal was $25. 

El pago por nuestra comida fue de $25.

to pay back

to return an amount of money that was borrowed

devolver, pagar de vuelta

devolver, pagar de vuelta

Ex: The company agreed to pay back the investment over a period of five years. 

La empresa acordó devolver la inversión en un período de cinco años.

to repay
to repay
[Verbo]

to give back the money that was borrowed or owed

reembolsar, devolver

reembolsar, devolver

Ex: Students may take out educational loans and plan to repay them after completing their studies. 

Los estudiantes pueden solicitar préstamos educativos y planear devolverlos después de completar sus estudios.

to refund
to refund
[Verbo]

to pay back money to a customer, typically for a returned product or service that did not meet expectations

reembolsar, devolver

reembolsar, devolver

Ex: They promised to refund our money within 7 business days. 

Prometieron reembolsar nuestro dinero dentro de 7 días hábiles.

to pay off
to pay off
[Verbo]

to give the full amount of money owed on a debt or loan

saldar

saldar

Ex: After inheriting some money, he decided to pay off all his credit card debts. 

Después de heredar algo de dinero, decidió pagar todas sus deudas de tarjetas de crédito.

to settle
to settle
[Verbo]

to pay off or clear a debt or financial obligation

liquidar, saldar

liquidar, saldar

Ex: She was able to settle the account in full with a single payment. 

Ella pudo liquidar la cuenta por completo con un solo pago.

to give
to give
[Verbo]

to transfer or offer something, such as a present, donation, or assistance, to someone voluntarily

dar, regalar

dar, regalar

Ex: We gave money to the local animal shelter. 

Dimos dinero al refugio de animales local.

fee
fee
[Sustantivo]

the money that is paid to a professional or an organization for their services

tasa

tasa

Ex: The gym membership fee is due at the beginning of each month. 

La cuota del gimnasio vence al comienzo de cada mes.

fare
fare
[Sustantivo]

the amount of money we pay to travel with a bus, taxi, plane, etc.

tarifa

tarifa

Ex: The airline offers lower fares for early morning flights. 

La aerolínea ofrece tarifas más bajas para los vuelos de madrugada.

expense
expense
[Sustantivo]

the amount of money spent to do or have something

gasto

gasto

Ex: Rent and utilities are among the most common monthly expenses for homeowners and renters alike. 

El alquiler y los servicios públicos se encuentran entre los gastos mensuales más comunes tanto para propietarios como para inquilinos.

overhead
overhead
[Sustantivo]

the regular costs required for maintaining a business or an organization

gastos generales

gastos generales

Ex: Keeping overhead low allowed the startup to reinvest more money into product development. 

Mantener los gastos generales bajos permitió a la startup reinvertir más dinero en el desarrollo de productos.

admission
admission
[Sustantivo]

the amount of money charged to enter a place or event

precio de entrada, tarifa de entrada

precio de entrada, tarifa de entrada

Ex: Children under twelve get free admission. 

Los niños menores de doce años obtienen admisión gratuita.

rent
rent
[Sustantivo]

the money that is regularly paid to use an apartment, room, etc. owned by another person

alquiler, renta

alquiler, renta

Ex: He couldn't afford the high rent in the city, so he moved to a cheaper area. 

No podía pagar el alquiler alto en la ciudad, así que se mudó a una zona más barata.

installment
installment
[Sustantivo]

a part of a larger sum of money that is paid in a scheduled series of payments over a specified period of time

cuota

cuota

Ex: He was relieved to know that he could pay for the expensive course in installments rather than all at once. 

Se sintió aliviado al saber que podía pagar el curso costoso en cuotas en lugar de todo de una vez.

cash transfer
cash transfer
[Sustantivo]

the movement of money from one account or location to another, or the money so transferred

Ex: The government initiated a cash transfer program to support low-income households. 
due
due
[Adjetivo]

(of a payment, debt, etc.) scheduled or required to be paid immediately or at a specific time

pagadero, adeudado

pagadero, adeudado

Ex: The bill was due yesterday, and now there’s a late fee. 

La factura venció ayer, y ahora hay un cargo por mora.

overdue
overdue
[Adjetivo]

‌not paid, done, etc. within the required or expected timeframe

vencido

vencido

Ex: The project deadline is overdue, and we need to catch up on our tasks. 

La fecha límite del proyecto está atrasada, y necesitamos ponernos al día con nuestras tareas.

fixed penalty
fixed penalty
[Sustantivo]

a set amount of money someone must pay as punishment for a minor offense, usually a traffic violation

multa fija, sanción fija

multa fija, sanción fija

Ex: The fixed penalty for running a red light is £100. 

La multa fija por saltarse un semáforo en rojo es de 100 £.

incentive
incentive
[Sustantivo]

a payment or concession to encourage someone to do something specific

incentivo

incentivo

Ex: The loyalty program offered discounts and rewards as incentives for frequent customers. 

El programa de fidelidad ofrecía descuentos y recompensas como incentivos para los clientes frecuentes.

voucher
voucher
[Sustantivo]

a digital code or a printed piece of paper that can be used instead of money when making a purchase or used to receive a discount

cupón

cupón

Ex: He redeemed his voucher for a free movie ticket at the theater box office. 

Canjeó su vale por una entrada de cine gratis en la taquilla del teatro.

prepaid
prepaid
[Adjetivo]

already paid for

prepagado

prepagado

Ex: They booked their vacation through a prepaid travel agency to save money on accommodations. 

Reservaron sus vacaciones a través de una agencia de viajes prepagada para ahorrar dinero en alojamiento.

payable
payable
[Adjetivo]

(of money) due to be paid

pagadero, exigible

pagadero, exigible

Ex: Payment for the invoice is payable within 30 days after issuance. 

El pago de la factura es pagadero dentro de los 30 días posteriores a su emisión.

quotation
quotation
[Sustantivo]

a statement indicating the cost of a specific service or piece of work

presupuesto

presupuesto

Ex: The company sent a quotation to the client outlining the costs and timeline for the software development project. 

La empresa envió un presupuesto al cliente que detallaba los costos y el cronograma del proyecto de desarrollo de software.

rate
rate
[Sustantivo]

a specified amount of money charged or paid for something

tasa, tarifa

tasa, tarifa

Ex: The rate for renting the hall was too high for their budget. 

La tarifa por alquilar el salón era demasiado alta para su presupuesto.

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