Nouns for money
The money that is available to a person or organization
Budget
an amount of money that is paid at one time and not on separate occasions
Lump sum
We live in a consumer society, which is dominated by spending money and buying material possessions.
consumer society=a society where buying and selling material goods is considered very important
spend money like water
in large quantities
Money that a bank lends and someone borrows
Loan
one of a number of payments that are paid regularly until sth has been paid for
Installment
The standard of living has risen a lot over the last ten years.
standard of living=the amount of money and level of comfort that a particular person or group has
a good deal
its products and services are worth the price
A sum of money that is given by the government or another organization for a particular purpose, e.g., education
Grant
the money you pay to travel by bus, plane, taxi, etc.
Fare
People who have mortgages or loans have to pay high interest rates. A lot of people are in debt
interest rates= the percentage of extra money that you have to pay back when you borrow money from a bank
in debt= owing money
mortgage= money lent by a bank to buy a house
in the red (opp in the black)
have a negative (positive bank balance)
an amount of money you pay for professional advice or services, e.g., a lawyer or an architect
Fees
a sum of money that is given as the first part ofa larger payment
Downpayment
Our currency is unstable and exchange rates fluctuate a lot.
currency= the system of money that a country uses exchange rate= the amount of money you get when you change one currency into another
live beyond their means
living a lifestyle that they can't afford, e.g., spend more than you have
a sum of money that must be paid as punishment for breaking a law or a rule
Fine
the amount of money that you owe to a bank when you have spent more than is in your bank account
Overdraft
People’s income has gone up, but inflation is high, so the cost of living has also risen.
income=the money sb receives for their work;
inflation = the rise in the price of goods and services that results in a fall in the value of money
cost of living= the amount of money you need to spend to cover the basic necessities, e.g., rent, food, transportation, etc.
tight-fisted
cheap