Banking Terms Flashcards

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Arrangement Fee (comisión de apertura)

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A fee charged by a bank or lender to set up a loan or credit agreement.

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Borrow (pedir un préstamo; pedir prestado/a)

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To receive money from a lender with the agreement that it will be paid back, often with interest.

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Branch (sucursal)

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A physical location of a bank where customers can perform banking transactions.

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Collateral (garantía prendaria)

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An asset pledged by a borrower to secure a loan, which can be seized by the lender if the borrower defaults.

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Credit Limit (límite de crédito)

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The maximum amount a borrower is allowed to spend on a line of credit or credit card.

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Credit Rating (calificación crediticia / de crédito)

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An assessment of a borrower’s creditworthiness, based on past financial behavior, used by lenders to evaluate loan risk.

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Current Account (cuenta corriente)

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A bank account used for day-to-day transactions, allowing deposits, withdrawals, and payments.

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Deny (denegar)

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To reject or refuse a loan or credit application.

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Fund (financiar)

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To provide money for a specific purpose or project, often as a loan or investment.

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Go Overdrawn (sobregirar, quedarse al descubierto)

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To spend more money than is available in a bank account, resulting in a negative balance.