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Advance Compact: Money vocabulary

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  • debt
    money that you owe
  • struggle to get by
    to be in financial difficulty
  • a rip off
    a product that costs more than it should
  • cutting down
    reduce
  • the extra charge you need to pay when you take out a loan
    the interest (rate)
  • Someone with a large income
    a big earner
  • to chip in
    to contribute money to something
  • Stealing someone’s personal details
    Identity theft
  • a bargain
    a product that costs less than it should
  • When a bank customer withdraws more money than they have, they are _____
    in debt / overdrawn
  • Misusing someone’s credit card without their permission
    credit card fraud
  • What's the difference between gross profit and net profit?
  • to borrow a lot: borrow ______
    heavily
  • cost-cutting ideas
    money saving
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