Money Vocabulary for ESL Students

Currency

• System of money in use

• A type of investment

• A form of digital payment

• A method of trading goods

income

• Money that comes in- Usually a wage

• A type of investment

• A form of debt

• A government grant

Overdraft

• A type of loan with fixed interest rates

• Facility to withdraw more than account balance

• A savings account with high interest

• A credit card with no limit

Exchange rate

• Value of one currency for conversion

• The rate at which one currency can be exchanged for another

• The difference in value between two currencies

• The amount of currency needed to purchase a good

Banknote

• Digital currency

• Paper money

• Coin

• Credit card

Cheque

• Written order to pay money

• A type of bank account

• A form of currency

• A loan agreement

Loan

• Borrowed money

• Money given as a gift

• Money saved in a bank

• Money earned from investments

Deposit

• Money placed in a bank account

• A type of loan from the bank

• A withdrawal from a bank account

• A bank's interest rate

Coin

• Paper currency

• Digital currency

• Metal money

• Foreign exchange

put aside money

• spend money

• invest money

• save money

• borrow money