Total English - Pre-intermediate - Unit 12 - Lesson 2

Here you will find the vocabulary from Unit 12 - Lesson 2 in the Total English Pre-Intermediate coursebook, such as "grant", "take part", "scholarship", etc.

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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 .

grant

[noun]

an amount of money given by the government or another organization for a specific purpose

Ex: Startups often rely on grants to support early-stage development before becoming profitable .

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 .

prize

[noun]

anything that is given as a reward to someone who has done very good work or to the winner of a contest, game of chance, etc.

Ex: The spelling bee champion proudly held up the winner 's medal as his prize.

scholarship

[noun]

a sum of money given by an educational institution to someone with great ability in order to financially support their education

Ex: The university offers several scholarships to students from low-income backgrounds .

to pay back

[Verb]

to return an amount of money that was borrowed

Ex: I need to pay back the money I borrowed from John .

fee

[noun]

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

Ex: There 's an additional fee if you require expedited shipping for your order .

to take part

[phrase]

to participate in something, such as an event or activity

Ex: The team was thrilled take part, despite the challenging competition .

Total English - Pre-intermediate

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Total English - Pre-intermediate - Unit 12 - Lesson 2