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3.1.- Banking vocabulary.

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In business, there are many important words and expressions and it is impossible to know all of them. Usually, our business is set in a concrete field and the vocabulary is more limited. In this section, the focus will be on banks, so you will learn some banking vocabulary. Read the following words, some of them are very similar to Spanish words.

Banking vocabulary
Verbs General Nouns Nouns in bank documents Acronyms / abbreviations
Transfer: transferir. Check: cheque. Balance: saldo. ATM.
Order: ordenar. Branch: sucursal. Charge: gastos. Acc.
Pay in: ingresar. Payee: beneficiario. Payment: pago. BBA.
Sign: firmar. Mortgage: hipoteca. Deposit: depósito. C & I.
Fill in: rellenar. Account: cuenta corriente. Credit: crédito. DVP.
Withdraw: sacar, retirar. Form: formulario. Debit: débito. G & AE.
Grant: conceder. Bill: billete, factura, recibo. Interest: interés. IFC.
Invest: invertir. Checkbook: talonario. Statement: estado, extracto. MM.
Loan: prestar. Card: tarjeta. Commission: comisión. PIN.

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Match the definitions to the correct word or expression. Use an online dictionary only if you need it.
Matching exercise
Definition Answer Word
Credits and debits in an account. 1. Branch.
Money lent by a bank etc and that must be repaid with interest. 2. Payee.
Person to whom money is paid. 3. Withdraw.
Local office or bureau of a bank. 4. Invest.
Money that you pay to the bank for a service. 5. Balance.
To take money out of a bank account. 6. Card.
To put your money in business, companies, etc to obtain more money in return. 7. Loan.
A sum deducted from a bank account, as for a cheque. 8. Charge.
Something you can use instead of money to pay in any shop. 9. Debit.

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A step ahead

The following link takes you to a "Banking and Finance Quiz". Use the words you have learnt in this section.

Banking and Finance quiz.

This is another useful exercise. Think about the opposites of the words in it. Use the dictionary if you need it.

Banking Vocabulary Exercise.