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

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Total English - Pre-intermediate
debt
[noun]
an amount of money or a favor that is owed
daily words
wordlist
dictionary link
grant
[noun]
an amount of money given by the government or another organization for a specific purpose
daily words
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dictionary link
loan
[noun]
a sum of money that is borrowed from a bank which should be returned with a certain rate of interest
daily words
wordlist
dictionary link
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.
daily words
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dictionary link
scholarship
[noun]
a sum of money given by an educational institution to someone with great ability in order to financially support their education
daily words
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to pay back
[verb]
to return an amount of money that was borrowed
daily words
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fee
[noun]
the money that is paid to a professional or an organization for their services
daily words
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to take part
[phrase]
to participate in something, such as an event or activity
daily words
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