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A7 English File Advanced Money
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A document which states what happens to you money and possessions when you die
will
An estimation of how much something will cost (eg. a mechanic to repair your car)
quote
When you pay for something in only one payment
lump sum
The money the bank lends you for something
loan
To pay for something in smaller quantities every month
instalment
The money the government or an organisation gives you for a research project
grant
The money you pay as a punishment for a minor crime
fine
The money you pay for transport
fare
The money you give to a charitable organisation
donation
The first part of a payment, often to reserve something
deposit
A plan for how to spend your money (holiday, food, business etc.)
budget
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