Banking
Winter Phrasal Verbs
Credit 1
Credit 2
Winter Vocabulary
100

You use this type of account for day-to-day transactions.

What is a chequing account

100

If you are going outside on a cold day, someone might say this to you.

What is "bundle up?"

100

What are the two major credit agencies in Canada?

What are Transunion and Equifax?

100

You are allowed to make this payment if you are not able to pay in full. 

What is the minimum payment?

100

To feel emotionally or mentally overloaded

What is overwhelmed?

200

With type of payment your employer does not give you a cheque. Instead, your money goes into your bank account. 

What is direct depost?

200

After being outside in the cold, you will definitely want to do this. 

What is "warm up"

200

What are the two types of credit checks that can be made to your credit report?

what are hard and soft checks?

200

This measures the amount of credit you're using compared to your total available credit.

What is credit utilization ratio?

200

To bend sharply or fold at the middle, often referring to a vehicle accident

What is jackknife?

300

Banks will offer you this if you keep a minimum balance in your account. 

What is a fee waiver

300

Frozen fingers and toes will need to ____ after being outdoors.

What is "thaw out"

300

The institution that lenders you money is called the____

What is the creditor?

300

Bankruptcy stays on your credit report for this length of time.

What is 7 years?

300

All flights were cancelled due to the snowstorm leaving many travellers with no way to get home.  They were...

What is stranded?

400

If you have only $800 in your account, but you write a cheque for $850 you will get this charge on your next statement.

What is NSF (non-sufficient fund)

400

When this happens, it is the perfect time to eat, relax and watch a movie.

What is when you are "snowed in"

400

Chapter 7 and chapter 13 are types of what

What are bankruptcies?

400

If you owe money and are not paying, after a certain time creditors can do this to your wages.

What is garnish your wages?

400

Individuals who travel regularly between home and work/school are called....

Commuters.

500

You have this if you can withdraw, deposit or transfer money, pay bills, etc. as many times as you want without charge.

What is unlimited transactions.

500

A cold front _____ overnight, bringing snow and strong winds.

What is "blew in"

500

If you are not able to pay your debt in full you can pay using a fixed amount each month.

What are installment payments?

500

This refers to an asset pledged by a borrower to secure a loan. If the borrower fails to repay the loan, the lender can seize it.

What is collateral? 

500

To capture or trap something

Ensnare