Word List: money and finance

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Look at this vocabulary list again before you start revising.

  • credit crunch
    • NOUN - a period when a country’s economy is in a bad state and banks are not willing to lend much money. KRYZYS KREDYTOWY
  • credit rating
    • NOUN - financial information about someone that a bank or shop uses for deciding whether to lend them money or to give them credit OCENA ZDOLNOŚCI KREDYTOWEJ
  • go bust
    • VERB - to spend or lose all of one's money : to go broke (The company has gone bust.) ZBANKRUTOWAĆ
  • mortgage
    • NOUN - a legal agreement in which you borrow money from a bank in order to buy a house. You pay back your mortgage by making monthly payments. (Do you have a mortgage on your house?) HIPOTEKA
  • negative equity
    • NOUN - a situation in which your house has lost value and is now worth less money than the amount that you have borrowed as a mortgage. UJEMNY KAPITAŁ WŁASNY
  • interest rate
    • NOUN - the percentage that an institution such as a bank charges or pays you in interest when you borrow money from it or keep money in an account. (Consumers have been discouraged by high interest rates.) STOPA PROCENTOWA
  • inflation
    • NOUN - an economic process in which prices increase so that money becomes less valuable. (Your pension is protected against inflation.) INFLACJA
  • downturn
    • NOUN - a reduction in economic or business activity (a severe economic downturn) POGORSZENIE KONIUNKTURY
  • recession
    • NOUN - a period when trade and industry are not successful and there is a lot of unemployment. (the recession in the building industry) RECESJA
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In this set you are going to learn and revise vocabulary relating to money and economy/banking