2A Vocabulary Legal

account

an arrangement with a bank to keep your money there and to allow you to take it out when you need to

account manager

someone employed by a company to be responsible for one or more of its customers, especially someone in the banking or advertising industry:

accrue

to increase in number or amount over a period of time:

applicant

someone who has applied to get something such as a loan or shares:

apply

to request something, usually officially, esp. by writing or by sending in a form:

approve

to accept, allow, or officially agree to something:

in arrears

owing money that should have been paid in the past:

authorise

to give official permission for something to happen, or to give someone official permission to do something:

balance

the amount of money you have in a bank account, or the amount of something that you have left after you have spent or used up the rest:

bank statement

a record of the money put into and removed from a bank account

bank transfer

the sending of money from one bank account to another, usually electronically

bill

a list of expenses to be paid, or the total amount of costs or expenses:

in the black

earning more money than you spend:

borrow

to take money from a bank or other financial organization and pay it back over a period of time:

branch

one of the offices or groups that form part of a large business organization:

cancel

to decide that an organized event will not happen, or to stop an order for goods or services that you no longer want:

charge

the amount of money that you have to pay for something, especially for an activity or service:

COMPETETIVE

are as good as or better than other prices, services, etc.

currency

the money that is used in a particular country at a particular time:

debit

an amount of money that is taken out of a bank account

debt

something, especially money, that is owed to someone else, or the state of owing something:

default

to fail to do something, such as pay a debt, that you legally have to do

deposit

an amount of money paid into an account:

disclose

to give information to the public that was not previously known:

eligible

having the necessary qualities or satisfying the necessary conditions:

enclose

to send something in the same envelope or parcel as something else:

fee

opłata

identity theft

the crime of using someone's personal information in order to pretend to be them and to get money or goods in their name:

income

money that is earned from doing work or received from investments:

instalments

one of several parts into which a story, plan, or amount of money owed has been divided, so that each part happens or is paid at different times until the end or total is reached: