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

Ex: Last year , they invested in a startup that later became highly successful .

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

Ex:

to withdraw more money from a bank account than is available

Ex: She overdrew her balance while shopping and did n’t realize it until later .
debt [noun]

an amount of money or a favor that is owed

Ex: She felt a deep sense of debt to her mentor , who had guided her throughout her career .
on credit [phrase]

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

Ex: Many stores allow customers to purchase items on credit .

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

Ex: He could n’t pay with a card , so he had to pay cash .
loan [noun]

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

Ex: The bank offers different types of loans , including personal , auto , and home loans .
to repay [verb]

to give back the money that was borrowed or owed

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

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 higher credit rating can lead to better loan terms .

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: Investors closely monitor changes in the interest rate set by the central bank as it impacts the economy .

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

Ex: She opened a current account to manage her daily expenses .

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

Ex: I set up a savings account to save for my future home .
well-off [adjective]

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

Ex: He considered himself well-off after securing a stable job with a decent income .
short [adjective]

lacking a sufficient amount of something in general

Ex: The team was short of players for the match .