B2-C1 Buy now, pay later

instalment loan

A type of loan repaid over time with a set number of scheduled payments.

Many people buy cars with an _________________ instead of paying the full price upfront.

checkout flow

The step-by-step process a customer follows to complete an online purchase.

If the ___________ is confusing, shoppers may abandon their carts.

underwriting model

A financial tool lenders use to assess a borrower’s risk before approving credit.

The bank rejected his application based on their ______________ results.

merchant

A person/business sells goods or services.

The _________ offered customers a discount for paying in cash.

non-payment risk

The chance that a borrower or buyer will fail to pay back what they owe.

Lenders charge higher interest rates to cover _________.

Large Ticket Transaction

A purchase involving a relatively high amount of money.

Financing options are often used for _________ like furniture or electronics.

the lion's share

The largest portion of something.

One department received _________ of the annual budget.

transaction value

The total worth of a purchase or sale.

The retailer’s _________ increased significantly during the holiday season.

simple interest

Interest calculated only on the original amount of money borrowed or invested.

With _________, you pay less than with compound interest over the same period.

penny-pincher

Someone who is reluctant to spend money.

He’s such a _________ that he refuses to pay for delivery fees.

throw money down the drain

To waste money on something with no real return.

Buying overpriced equipment that no one uses is just _________.

bring home the bacon

To earn money to support a household.

She works two jobs to _________ for her family.

live on a shoestring

To survive with very little money.

Many startups have to _________ during their early stages.

be strapped for cash

To have very little money available.

After paying the rent, he was _________ until payday.

be rolling in money

To have a lot of money.

After the big contract, the company was _________ for months.

break into savings

To use money that was set aside for the future.

Unexpected medical bills forced her to _________ last year.

financially savvy

Knowledgeable about managing money wisely.

He’s _________ enough to invest rather than keep his money idle.