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Face2face - Upper-intermediate - Unit 8 - 8A

Here you will find the vocabulary from Unit 8 - 8A in the Face2Face Upper-Intermediate coursebook, such as "loan", "overdraw", "interest rate", etc.

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Face2face - Upper-intermediate
to invest
[Verb]

to spend money or resources with the intention of gaining a future advantage or return

Ex: Right now , many people are actively investing in cryptocurrencies .
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to use money in exchange for the purchase of a specific item or the utilization of a particular service

Ex: She spent a considerable amount on a designer dress for a special occasion.
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to have more money in one's account than what one owes or what was initially invested

Ex: After receiving his paycheck, he was in credit by $1,500.
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to withdraw more money from a bank account than is available

Ex: He was worried that he might overdraw his account after making a large purchase .
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debt
[noun]

an amount of money or a favor that is owed

Ex: He repaid his friend , feeling relieved to be free of the personal debt he had owed for so long .
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on credit
[phrase]

(of a purchase) in a way that is received immediately but paid at a later date

Ex: He always on credit to earn reward points from his bank .
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to pay cash
[phrase]

to give money in the form of physical currency or coins as payment for something

Ex: I always prefer pay cash at small shops .
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loan
[noun]

a sum of money that is borrowed from a bank which should be returned with a certain rate of interest

Ex: They applied for a loan to expand their business operations .
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to repay
[Verb]

to give back the money that was borrowed or owed

Ex: The responsible borrower repaid the loan during a period of financial stability .
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a number that represents how reliable a person or company is when it comes to paying back loans, based on their past financial activity

Ex: A poor credit rating can make it harder to rent an apartment .
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the amount that a lender charges a borrower for the use of money, typically calculated based on the amount of the loan and the length of the borrowing period

Ex: To save money , they opted for a fixed interest rate on their loan to avoid fluctuations .
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a bank account that allows frequent deposits and withdrawals, typically using checks, with no prior notice required

Ex: You can easily access your funds with a current account at most banks .
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a bank account that pays interest on one's deposited money and is intended to help one save over time

Ex: The bank offers a high-interest rate on its savings accounts.
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well-off
[Adjective]

having enough money to cover one's expenses and maintain a desirable lifestyle

Ex: They invested wisely and became well-off in their retirement years .
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short
[Adjective]

lacking a sufficient amount of something in general

Ex: His explanation was short of details .
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Face2face - Upper-intermediate
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