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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
to invest
[Verb]

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

Ex: Investors often invest in real estate to diversify their portfolios. 
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to spend on

to use money in exchange for the purchase of a specific item or the utilization of a particular service

Ex: She spent a significant amount of money on a brand new laptop for her work. 
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to [be] in credit by {num}

to have more money in one's account than what one owes or what was initially invested

Ex: After paying off my credit card, I am in credit by $500. 
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to overdraw

to withdraw more money from a bank account than is available

Ex: He accidentally overdrew his account and had to pay a penalty fee. 
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debt
debt
[noun]

an amount of money or a favor that is owed

Ex: After years of diligent saving, he finally managed to pay off his student debt. 
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on credit
on credit
[phrase]

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

Ex: He bought the furniture on credit and will pay in monthly installments. 
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to [pay] cash
to pay cash
[phrase]

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

Ex: He prefers to pay cash to keep track of his spending. 
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loan
loan
[noun]

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

Ex: She took out a loan to buy her first home, which she plans to repay over 30 years. 
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to repay
to repay
[Verb]

to give back the money that was borrowed or owed

Ex: Borrowers are expected to repay the loan amount according to the agreed-upon terms. 
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credit rating

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: His credit rating improved after he paid off his debt. 
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interest rate

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: The bank offered a low interest rate on the mortgage, making it an attractive option for homebuyers. 
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current account

a bank account that allows frequent deposits and withdrawals, typically using checks, with no prior notice required

Ex: They offer free banking services with their current account. 
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savings account

a bank account that pays interest on one's deposited money and is intended to help one save over time

Ex: She transferred part of her salary into her savings account each month. 
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well-off
well-off
[Adjective]

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

Ex: Despite not being wealthy, they were well-off enough to afford a nice vacation every year. 
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short
short
[Adjective]

lacking a sufficient amount of something in general

Ex: The report was short on facts and figures. 
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