yen
[noun]
the official currency of Japan, abbreviated as ¥, used for financial transactions and pricing in Japan
Ex:
Vocabulary for IELTS General Training (Band 6-7) - Finance and Currency
Here, you will learn some English words related to Finance and Currency that are necessary for the General Training IELTS exam.
review
flashcard
spelling
quiz
note
[noun]
paper money issued by a government or financial institution that is used to buy goods and services
Ex:
The
bank
issued
a
new
series
of
notes
with
enhanced
security
features
.
dime
[noun]
a ten-cent coin of Canada and the US
Ex:
The
cost
of
a
phone call
used
to
be
just
a
dime
,
but
now
it
's
much
higher
.
debit
[noun]
an entry indicating an increase in assets or an expense, and a decrease in debts or income
Ex:
The
bank statement
showed
a
debit
for
the
transaction
.
gamble
[noun]
money or stake that is risked in the hope of gaining a financial reward
Ex:
She
doubled
her
gamble
in
hopes
of
winning
big
.
incentive
[noun]
a payment or concession to encourage someone to do something specific
Ex:
The
loyalty
program
offered
discounts
and
rewards
as
incentives
for
frequent
customers
.
savings
[noun]
the amount of money that one has kept for future use, especially in a bank
Ex:
Building up
emergency
savings
is
essential
to
prepare
for
unexpected
expenses
such as
medical bills
or
car
repairs
.
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
.
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
.
overdraft
[noun]
a deficit in a bank account caused by withdrawing more money than is available
Ex:
He
incurred
an
overdraft
after
spending
more than
his
account
balance
.
tax
[noun]
a sum of money that has to be paid, based on one's income, to the government so it can provide people with different kinds of public services
Ex:
current account
[noun]
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
.
loss
[noun]
money that is lost by a company, organization, or individual
Ex:
He
suffered
a
loss
on
his
investment
when
the
stock
price
plummeted
.
poverty
[noun]
the condition of lacking enough money or income to afford basic needs like food, clothing, etc.
Ex:
Education
is
seen
as
a
key
to
escaping
the
cycle
of
poverty
.
tip
[noun]
the additional money we give someone such as a waiter, driver, etc. to thank them for the services they have given us
Ex:
The
taxi driver
was
grateful
for
the
tip
he
received
from
the
passengers
for
helping with
their
luggage
.
donation
[noun]
something that is voluntarily given to someone or an organization to help them, such as money, food, etc.
Ex:
The
charity
relies on
donations
to
continue
its
work
.
tariff
[noun]
a tax paid on goods imported or exported
Ex:
Negotiations
between
countries
often
focus
on
reducing
tariffs
to
promote
free trade
.
cash-back
[noun]
money that a person can get in cash when buying something from a store with their debit card, which is then added to the bill they are paying
Ex:
I
opted
for
cash-back
at
the
checkout counter
instead of
using
my
debit card
to
withdraw
money
from
the
ATM
.
till
[noun]
a machine that is used in restaurants, stores, etc. to calculate the overall price of something, store the received money, and record each transaction
Ex:
fundraising
[noun]
the process or provision of financial aid for something such as a charity or cause, usually through holding special events
Ex:
Volunteers
were
essential
to
the
success
of
the
community center
's
annual
fundraising
drive
.
pension
[noun]
a regular payment made to a retired person by the government or a former employer
Ex:
After
working
for
the
company
for
over
thirty
years
,
he
was
able
to
retire
with
a
comfortable
pension
.
blockchain
[noun]
a decentralized digital ledger that records transactions across multiple computers securely
cryptocurrency
[noun]
a digital or virtual form of currency secured by cryptography
Ex:
She
uses
cryptocurrency
to
make
international
payments
quickly
.