Money Vocab
to take money out of a bank account
withdraw
What is the meaning of the following idiom?
"Pour money down the drain"
to waste it
to shop excessively; to buy a lot of things in an extravagant way.
What does this abbreviation stand for?
"BTC"
Bitcoin Currency
a container with a narrow opening in the top for putting coins in, used by children to save money
a piggy bank
What is the meaning of this idiom?
"Go broke/go bust"
To become bankrupt and lose all of your money.
"That's going to cost me an arm and a leg."
The product is too expensive.
What does this abbreviation stand for?
"VAT"
Value-Added Tax
to receive money, a house, etc. from someone after they have died
inherit
What is the meaning of this idiom?
"Foot the bill"
to pay for something for someone else, usually for something expensive
"That restaurant has gone out of business."
The brand/shop/restaurant has closed down.
What does this abbreviation stand for?
"ATM"
Automatic Teller Machine
the system of money that a country uses
currency
What is the meaning of this idiom?
"Pay your way"
You have or earn enough money to pay for what you need, without needing other people to give or lend you money.
"Pay somebody's way" - to pay (in full) for someone else
"Your order is on the house."
(of a drink or meal in a bar or restaurant) at the management's expense; free.
What does this abbreviation stand for?
"FOREX"
Foreign Exchange
A legal agreement by which a bank lends you money to buy a house
mortgage
What is the meaning of this idiom?
"Cash cow"
Something that’s cheap to run but consistently and reliably returns good money.
"Let's shop around first."
To compare the quality or prices of products that are offered by different shops, before choosing the best option.
What does this abbreviation stand for?
"USP"
Unique selling point