Lesson No 42A-Basics Of Financial Vocabulary

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Basic Financial Vocabulary

General Financial Terms

  • Budget: A plan for how you will spend your money.
  • Income: Money that you earn.
  • Expenses: Money that you spend.
  • Savings: Money that you set aside for future use.
  • Debt: Money that you owe to someone else.
  • Interest: A charge for borrowing money.
  • Investment: Using money to buy something that you hope will increase in value over time.

Banking Terms

  • Bank Account: A place where you store your money.
  • Debit Card: A card that allows you to withdraw money from your bank account.
  • Credit Card: A card that allows you to borrow money.
  • ATM: Automated Teller Machine.
  • Check: A written order to a bank to pay money to someone.

Investing Terms

  • Stock: A share of ownership in a company.
  • Bond: A debt security issued by a government or corporation.
  • Mutual Fund: A pool of money invested in a variety of stocks or bonds.
  • Dividend: A payment made to shareholders by a company.
  • Portfolio: A collection of investments.

Financial Planning Terms

  • Financial Goals: Specific financial objectives you want to achieve.
  • Financial Planning: The process of creating a plan to achieve your financial goals.
  • Retirement Planning: Planning for your financial needs after you stop working.
  • Budgeting: Creating a plan for how you will spend your money.
  • Debt Management: Managing your debt to avoid financial problems.

Useful Websites for English Pronunciation

Here are some excellent online resources to help you improve your English pronunciation:

Pronunciation Practice Websites:

See also  Unit 8: Basic Parts of Speech: Pronouns

English Language Learning Platforms:

English Listening Practice:

English Vocabulary Building:

Remember, consistent practice is key to improving your English pronunciation. These websites can be valuable tools to help you on your journey.

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