English Vocabulary Unit 35-66

Market Leader Book English Vocabulary Unit 35-66

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Unit 35 – Personal finance
Account
An arrangement with a bank to keep your money there and to allow
you to take it out when you need to
Branch
One of the local offices of a large company, such as a bank
Bank
An organization where people and businesses can keep, invest, or
borrow money
Current account
A bank account that you can take money from and use for making
payments
Joint account
An account that is shared by two or more people
In the black
A bank account that is in the black has money in it
Go into the red
Into a situation where you are losing money
Overdraft
An amount of money that a customer with a bank account is
temporarily allowed to owe to the bank
Overdraft facility
An agreement with the bank that allows you to use or withdraw
more than you have in your account, as long as the overdraft stays
within a certain amount
Charge
To ask an amount of money for something
Overdrawn
Having taken more money out of your bank account than the
account contained
Interest
Money that is charged for lending money
Interest rate
The percentage amount that you pay for borrowing money, or get
for lending money
Deposit account/
A bank account that pays you interest, in which you usually leave
saving account
money for a long time
Credit card
A card that can be used to buy goods or services and then pay for
them at a later time
Paying with plastic
Bank cards that are used to pay for things rather than using cash
Pay off
If something you have done pays off, it is successful
Mortgage
A loan to buy a house
Building society
A business that lends you money if you want to buy a house, or pays
you interest on money you invest there
Credit crunch
Economic conditions that make financial organizations less willing to
lend you money
Negative equity
A situation in which the value of a house has become less than the
amount of money its owner borrowed in order to buy it
Internet banking
A system that allows you to put in or take out money from a bank
account by using the internet
Account balance
The amount of money someone has in a bank account
Transaction
An occasion when someone buys or sells something
Personal loan
Money that you borrow from a bank for your personal use
Call center
A large office in which a company’s employees provide information
to its customers, or sell or advertise its goods or services, by phone
Unit trust
A service where financial experts invest the money of many people
in many different companies
Investment company
A company that earns money by investing in other companies
Small investor
Someone who invests small amounts of money
Individual savings
A type of investment account in the UK in which tax on income is
account (ISA)
lower than usual
Financial product
A product that is connected with the way in which you manage and
use your money
Saver
A person who savers money regularly
Life insurance
A system in which you make regular payments to an insurance
company in exchange for a fixed amount of money that will be paid
to you when you reach a certain age, or paid to someone you have
named, usually a member of your family, when you die
Pay out
To pay a lot of money to someone
Insurance policy
A written agreement for insurance between an insurance company
and a person who wants insurance
Contribution
Payments from a company or employee to pay for an employee’s
benefits such as medical insurance or a pension
Private pension
A pension that you organize for yourself with an insurance company,
rather than one that is organized by your employer
Retirement
The act of leaving your job and stopping working, usually because
you are old
Pension scheme
A financial plan that allows you to receive money after you or your
employer have paid money into it for a number of years
State pension
A regular income paid by government to someone who does not
work anymore
Windfall
An amount of money that you win or receive from someone
unexpectedly
Pension fund
Money that employees of a company pay regularly to be invested to
provide them with a pension when they are older
Demutualize
It becomes a company with shares owned by shareholders, and is no
longer owned by the people who have money in it
Financial institution
A company that provides financial services
Financial products
A product that is connected with the way in which you manage and
use your money

Unit 36 – Financial centres
Financial centres
Places where there are many banks and other financial institutions
Financial institution
A company that provides financial services
The City/
Financial center in London
the Square Mile
Wall Street
Financial center in New York
Investor
A person who puts money into something in order to make a profit
or get an advantage
Speculator
An investor who wants to make a quick profit, rather than one who
wants to invest over a longer period of time
Broker
A person who buys and sells foreign money, shares in companies,
etc., for other people
Dealer
A person who trades in something
Trader
A person who buys and sells things
Raise capital
Relating to the actions that a company takes in order to find new
capital to finance its activities
Float
To start selling shares in a business or company for the first time
Go public
A company that goes public makes shares available on a stock
market for the first time
Share
One of the units that the ownership of a company is divided into and
which can be bought by members of the public
Issue (finance)
All of a particular type of shares, bonds, etc. that are offered for sale
together
List
A record of short pieces of information
Stock market
The activity of buying and selling shares in particular companies, and
the people and organizations involved in this
Oversubscribed
If a share issue is oversubscribed, people want to buy more shares
than are available
Flotation
A situation in which a company offers shares for sale on a stock
market for the first time
Financial market
The activity of buying and selling shares, etc., or a place where this is
done
Commercial paper
Short-term lending to businesses (less than a year)
Bonds
Longer-term lending to businesses and the government (over
several years)
Currencies/ foreign
Buying and selling the money of particular countries
exchange/ forex
Commodities
Oil, metals and farm products, for example cereals
Commodity exchange
A place where large quantities of substances or products such as oil,
metals, grain, coffee, etc., are traded
Securities (finance)
A financial investment such as a bond, or share that is traded on a
financial market
Securities houses
An organization that issues and trades bonds, shares, etc.
Capital markets
The system of financial organizations from which companies and
governments raise money selling stocks, bonds, etc. to investors
Futures contract
An agreement giving an obligation to sell a fixed amount of a
security or commodity at a particular future date
Options contract
An agreement giving the right, but not the obligation, to buy or sell a
security or commodity at a particular price at a particular future
time, or in a period of future time
Derivative
If something is derivative, it is not the result of new ideas, but has
been developed from or copies something else
Underlying shares
The shares, etc. to which something such as an option (=the right to
buy or sell them at a particular price by or on a future date) relates

Unit 37 - Trading
Demand
A need for goods or services that customers want to buy or use
Share price
The price of a particular company’s shares
Index (plural indexes
The overall value of shares traded on a stock market
or indices)
Trading
The buying and selling of shares and money
Turnover
The amount of money that a company gets form sales
Changing hands
Being bought and sold
Gains
Big increase in value
Blue chips
Famous companies that are profitable in good times and bad
Bull market
A time when the prices of most shares are rising