Share Personal Finances
Save to Folder
One of the offices or groups that form part of a large business organization
Branch
A bank account that you can take money from at any time and that usually earns little or no interest
A current account
An account that is shared by two or more people
Joint account
Earning more money than you spend
In the black
Spending more money than you earn
In the red
An amount of money that a customer with a bank account is temporarily allowed to owe to the bank, or the agreement that allows this
Overdraft
A credit facility that allows you to withdraw funds from your current or savings account even if your bank balance is zero
An overdraft facility
A price asked for goods or services
Charges
You have spent more money than you have in your account, and so you are in debt to the bank
To go overdrawn
Money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
Interest
An account in a bank or similar financial organization that earns interest
Savings account / Deposit account
To pay back money that you owe
To pay off
An agreement that allows you to borrow money from a bank or similar organization, especially in order to buy a house, or the amount of money itself
Mortgage
A business that lends you money if you want to buy a house, or pays you interest on money you invest there
A building society
A sudden sharp reduction in the availability of money or credit from banks and other lenders
A credit crunch
A situation in which the value of a house has become less than the amount of money its owner borrowed in order to buy it
Negative equity
