Banking and Finance Target Vocabulary

A set of vocabulary flashcards covering essential banking and financial terms with their corresponding synonyms from the lecture notes.

Deposit

Savings; money placed into a bank account.

Withdrawal

Cashout; the act of taking money out of an account.

Interest Rate

Lending Rate; the proportion of a loan that is charged as interest to the borrower.

Loan

Advance; a sum of money that is borrowed and is expected to be paid back with interest.

Mortgage

Home Loan; a specific type of loan used to purchase real estate.

Credit Score

Credit Rating; a numerical expression based on a level analysis of a person's credit files.

Investment

Capital Outlay; the action or process of investing money for profit or material result.

Liquidity

Cash Flow; the availability of liquid assets to a market or company.

Overdraft

Credit Line; a deficit in a bank account caused by drawing more money than the account holds.

Asset

Property; an item of property owned by a person or company, regarded as having value.

Liability

Obligation; the state of being responsible for something, especially by law.

Bankruptcy

Insolvency; the legal proceeding involving a person or business that is unable to repay their outstanding debts.

Revenue

Income; the total amount of income generated by the sale of goods or services.

Expense

Expenditure; the cost required for something; the money spent on something.

Fraud

Deception; wrongful or criminal deception intended to result in financial or personal gain.

Collateral

Security; something pledged as security for repayment of a loan, to be forfeited in the event of a default.

Transaction

Deal; an instance of buying or selling something; a business deal.

Currency

Money; a system of money in general use in a particular country.

Exchange Rate

Forex Rate; the value of one currency for the purpose of conversion to another.

Inflation

Price Increase; a general increase in prices and fall in the purchasing value of money.