Lesson 4 - Fincance; Mid term

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default
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failure to do something that must be done by law, especially paying a debt
pol. brak zapłaty, zaniedbanie
The company is in default on the loan.
funds
a disaster relief fund
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an amount of money that has been saved or has been made available for a particular purpose
variable
With so many variables, it is difficult to calculate the cost.
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a situation, number or quantity that can vary or be varied
pol. zmienna
fixed
fixed prices
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staying the same; not changing or able to be changed
co-sign
See if your parents will co-sign.
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​to sign a legal document for somebody else, in addition to their own signature, in order to promise that an agreement will be kept
cash advance
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paying money in advance
zaliczki pieniężne
credit rating/ credit evaluation
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​a judgement made by a bank, etc. about how likely somebody is to pay back money that they borrow, and how safe it is to lend money to them
evaluation - ekspertyza na piśmie, rating - bardziej lajtowe
credit limit
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the maximum amount of credit a financial institution extends to a client
loss
The company has announced net losses of $1.5 million.
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money that has been lost by a business or an organization
savings
He put all his savings into buying a boat
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money that you have saved, especially in a ban
chequing/checking account
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a type of bank account that you can take money out of at any time, and that provides you with a chequebook and cash card
shareholder
Company shareholders approved the merger.
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an owner of shares in a company or business
interest
to pay interest on a loan
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the extra money that you pay back when you borrow money or that you receive when you invest money
net income
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income after you pay taxes and other expenses
gross income
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your income before you pay taxes
currency
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the system of money that a country uses
be in red
My account is $100 in the red.
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to owe money to your bank because you have spent more than you have in your account
shopping binge
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instant craving for shopping, to much shopping
live within your means
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spending lees or equal to what you earn
retail therapy
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the act of buying special things for yourself in order to feel better when you are unhappy:
savvy shopper
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someone who tries to find the best price on the products and services they purchase
upmarket
The company has been forced to move more upmarket.
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​in a way that involves buying or selling goods and services that are expensive and of high quality
save up for something
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To put aside money in small increments in order to be able to buy something
receipt
Can I have a receipt, please?
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a piece of paper that shows that goods or services have been paid for
refund
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a sum of money that is paid back to you
assets
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everything a company or person owns that is worth money
capital
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the money needed to start a business
consumer
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the people that buy products and services
discount
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a reduction in price
expenditure
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money spent on goods or services
invoice
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a bill listing the products delivered
loan
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money borrowed from a person or bank
profit
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what you get when sales are higher then production costs
retail
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a business that sells products to the general public
pol. handel detaliczny
salary
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the money that you earn from your job
balance of account
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the amount of money an individual has available in his account
taxes
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money that people or companies have to pay to their government
turnover
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the total sales of a company
pol. obrót
wholesale
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a business that sells goods in large quantities to retail stores
pol. hurtowy
liabilities
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money that a company owes
zadłużenie
be in the black
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to have money in your bank account
bulk buy
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purchase large quantities of a particular product
pay over the odds
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to pay a higher price than is usual or reasonable
rip off
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something that is not worth what you pay for it
shop around
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to compare the quality or prices of goods or services that are offered by different shops
penny pincher
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someone who avoid spending even very small amount of money
haggle over the price
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to negotiate the price

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