Society and institution 13

be skint

to have no money left (informal)

be rolling in it

to have a lot of money (informal)

make ends meet

to survive financially

things are a bit tight

finances are not good or money is limited (informal)

strapped for cash

needed cash and had very little money (informal)

a cheque bounced

the bank refused to pay a cheque due to lack of funds

make a cheque out to

put someone's name on a cheque so they can receive the money

direct debit

a regular automatic payment set up from a bank account

stick on a card

pay for something using a credit card (informal)

APR

the annual percentage rate

debit card

card where payment is taken directly from your bank account

store card

credit card issued by a specific store/shop for use there

contactless payment

payment made by tapping a card or phone against a payment terminal

lump sum

a single, large payment made all at once

golden handshake

a large payment given to someone when they leave a job or retire

share portfolio

a combination of investments in different stocks and shares

stock market

organisation which controls the buying and selling of parts of company ownership

stocks and shares

parts of the ownership of companies bought as investments to make a profit

will

official legal statement of what should be done with someone's money and property after death

cover the cost

be enough money to pay for something

borrow heavily

borrow a large amount of money (e.g. from a bank)