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1. VOCABULARY


Vocabulary:
account balance
saldo de la cuenta
account number
número de cuenta
account overdrawn
cuenta en descubierto
accrue
acumularse
afford to buy
permitirse comprar (algo)
apply for a loan
solicitar un préstamo
apply for an overdraft
solicitar un descubierto
assets
any item of value that a person owns.
ATM
Automated Teller Machine (a machine, usually in a wall outside a bank, from which you can take out of your bank account using a special card
(a) bank account
cuenta bancaria
bank balance
the amount of money in a bank account. I'd like to check my bank balance, please.
bank charges
sums of money paid by a customer for a bank's service.
bank statement
a printed record of the money put into and removed from a bank account
bankrupt
financial situation in which a court declares one's debts to be greater than the total value of one's assets.
be good with money
ser bueno con el dinero
be in debt
estar en duda, estar con deudas
be in the red
estar en números rojos
be refused credit
denegarte crédito (I wanted to pay by credit card, but they refused.)
be short of cash
tener poco dinero en metálico
bounce
when a check cannot be paid or accepted by a bank because of a lack of money in the account. I had to pay a penalty fee when my check bounced.
buy on credit
comprar a plazo, comprar a crédito
cash
(noun) money in the form of notes and coins, rather than checks or credit cards. Do you have any cash on you?
cash a check / cheque
(verb) to exchange a check for cash. Would you cash a check for me?
cash flow problems
problema de liquidez
(a) cash point
cajero
cash value
amount that an insurance policy is worth if canceled before maturity. An insurance company will lend to a policyholder based on his or her policy.
check (US) / cheque (UK)
a printed form, used instead of money, to make payments from your bank account. I wrote him a check for $100.
checkbook (US) / chequebook (UK)
a book of checks / cheques with your name printed on them which is given to you by your bank to make payments with
checking account (US) / current account (UK)
a bank account that you can take money from at any time and which usually earns little or no interest.
co-applicant / joint applicant / co-signer
someone who signs a loan with the borrower, thus accepting legal responsibility for paying the debt if the borrower default or does not pay.
co-ownership
joint ownership between two or more persons.
commision
comisión
confiscate, seize
embargar
cosigner
cofirmante
credit
1. money in your bank account. I was relieved to see from my statement that my account was in credit.
2. a method of paying for goods or services at a later time, usually paying interest as well as the original money. They decided to buy the car on credit.
credit card
a small plastic card which can be used as a method of payment, the money being taken from you at a later time.
credit references
people who will recommend the credit applicant as a good credit risk.
creditor
lender; one to whom money is owed.
currency
moneda
currency exchange
cambio de moneda
(the) currency collapsed
la moneda se desplomó, la moneda cayó
current account
cuenta corriente (normal current account = cuenta corriente normal)
current address
dirección actual
debit
(a record of) money taken out of a bank account. The account was in debit at the end of the month (= more money had been spent than was in the account at that time).
debt
(deuda) money, which is owed to someone else, or the state of owing something: He managed to pay off his debts in two years.
The firm ran up huge debts.
debt balance
amount still owed on a debt at a given time.
default
(incumplir) failure to fulfill the terms of the loan agreement.
dependents
those who rely on a person for support.
deposit (US) / pay in (UK) (money in my account)
(depositar, ingresar) to put money into a bank account. If you go to the bank, will you deposit these checks for me?
deposit account (UK) / savings account (US)
a bank account in which you usually leave money for a long time and which pays you interest.
direct debit
an arrangement for making payments, usually to an organization, in which your bank moves money from your account into the organization's account at regular times: I pay my electricity bill by direct debit.
disbursement
desembolso, gasto
do one's sums
echar / hacer números
(to) exchange money
cambiar dinero
(the) exchange rate
tipo / tasa de cambio
expense
when you spend or use money. Buying a bigger car has proved to be well worth the expense.
We've just had a new garage built at great expense.
fee
pago, tarifa
finance charge
the total cost to use credit, including interest, loan fees, and credit insurance.
fixed
fijo
fixed-term deposit
depósito a plazo fijo
foreclosure
is the legal process by which a mortgagee, , or other lien holder, usually a lender, obtains a court ordered termination of a mortgagor's equitable right of redemption.
get into debt
endeudarse, llenarse de deudas
go into overdraft
meterse en un descubierto
have a bad credit rating
tener mala solvencia crediticia
income
ingresos
insurance
an agreement in which you pay a company money and they pay your costs if you have an accident, injury, etc: life/health/car/travel insurance
interest
1. money which is charged by a bank or other financial organization for borrowing money: I got a loan with an interest rate of 10%.
2. money that you earn from keeping your money in an account in a bank or other financial organization. You should put the money in a savings account where it will earn interest.
interest rate
(tasa de interés / tipo de interés) the percentage of the principal that a borrower pay for the use of borrowed money.
liabilities
financial obligations, or money owed.
loan
a sum of money which is borrowed, often from a bank, and has to be paid back, usually together with an additional amount of money that you have to pay as a charge for borrowing. She's trying to get a $100 000 loan to start her own business.
loan account
cuenta de crédito
loan sharks
usureros
long-term loans
Loans for larger purchases, such as a home or a car.
make good money
hacer (mucho) dinero, ganar bien
money laundering
lavado de dinero, blanqueo de dinero
mortage
a loan for purchasing real estate. If the borrower does not repay the loan according to the terms of the contract, the lender can legally force the sale of property to pay off the loan.
mortage holder
person or institution that made the mortgage loan.
NSF
Non Sufficient Fund
offer credit
ofrecer crédito
overdraft
(descubierto) The act of overdrawing a bank account.
(an) overdraft facility
un servicio de descubierto
overdraft fee
tarifa por descubierto
(my) overdraft limit
mi límite de descubierto
pay in cash
pagar en metálico
pay off my loan
pagar todo el préstamo
payee
a person who money is paid to or should be paid to.
personal loans (short-term or intermediate-term loans)
loans that are relatively small
pocket money
dinero de bolsillo
principal
capital
proceeds
the amount of money a borrower receives from the loan
profitability
rentabilidad, rendimiento, beneficio
promissory note
pagaré
proof of income
prueba de ingresos (salario)
real estate
land and property attached to the land.
refinance
refinanciar
refund
reembolsar
repossess / reclaim
to take back what was sold on an installment plan or loan if payments are not made as agreed.
return to profitability
volver a números negros
run out of money
quedarse sin dinero
run up huge debts
tener grandes deudas
savings account (US) / deposit account (UK)
a bank account in which you usually leave money for a long time and which pays you interest.
seize, confiscate
embargar
shares
acciones
(a) stable currency
una moneda estable
standing account (UK)
an instruction to a bank to pay a particular amount of money at regular times from a person's bank account to another bank account (compare direct debit)
statement
extracto
stock market
bolsa
stock purchase
compra de acciones
stock transfer
transferencia de acciones
strengthen the currency
fortalecer la moneda
(a) student loan
un préstamo para estudiante
(to) supplement a salary
aumentar el salario
(to) supplement an income
aumentar los ingresos
tax
(an amount of) money paid to the government, which is based on your income or of the cost of goods or services you have bought: They're putting up the tax on cigarettes.
tax haven /'heivn/
paraíso fiscal
teller
cajero (la persona)
terms
condiciones
transaction
transacción, venta, operación
traveler's check
a piece of paper that you buy from a bank or a travel company and that you can use as money or exchange for the local money of the country you visit
undeclared money
dinero negro
utility bill (a gas bill or electricity bill)
recibo de la luz o gas
wage
sueldo, paga (pay per hour)
wages
salario, sueldo (regular pay)
withdraw (money from my account)
(retirar, sacar) to take money out of a bank account
withdrawal
transferencia
worth
valor (económico)
write the debt off
cancelar la deuda



MONEY
headstails.jpg
HEADS or TAILS?




Activity: (click on the image to check it)
Activity - vocabulary wiki.JPG


Activity:
· Vocabulary 01




Questions related with money and shopping:

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Watch some videos to learn about some of the vocabulary from above:
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2. LISTENING



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"To run out of" vs. "to be out of"
"to run out of"

"to be out of"
· I'm run out of money.

· I'm out of money. (very colloquial)
· Maybe when I run out of money I will get back to films.


· I'm running out of money. (present continuous)


· They have run out of money. (present perfect)


· If you spend more than you earn, you will run out of money. (1st conditional)


· If you run out of money, you can go to an electronic cash machine.


· After a few years, at the time when Europe's companies ought to be taking off, most of them apper to run out of money.


· It's about the future of a company that could soon run out of money and plunge into bankruptcy with all the unforeseeable consequences that entails.








3. DEVELOPING CONVERSATIONS


Apologizing

  • To apologize is to tell someone that you are sorry for having done something that has caused him inconvenience or unhappiness:
Examples:
  • - I must apologize to Isabel for my late arrival.
  • - I'd like to apologize for my trouble making.
  • - Trains may be subject to delay on the northern line. We apologize for any inconvenience caused.

Making apologies:
  • I do apologize for...
  • I must apologize for...
  • I apologize for...
  • I'd like to apologize for...
  • I am so sorry for...
  • I shouldn't have...
  • It's all my fault.
  • I'm ashamed of...
  • Please, forgive me for...
  • Excuse me for ...
  • I'm terribly sorry for...
  • Pardon me for this...
  • Please, forgive me for my....
  • Please, accept my apologies for...

Accepting apologies:
  • That's all right.
  • Never mind.
  • Don't apologize.
  • It doesn't matter.
  • Don't worry about it.
  • Don't mention it.
  • That's OK.
  • I quite understand.
  • You couldn't help it.
  • Forget about it.
  • Don't worry about it.
  • No harm done.

Remember:
  • "I'd like to apologize" is the short form of "I would like to apologize"




4. GRAMMAR


GO TO: PASSIVE





5. CONVERSATION PRACTICE



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6. SPEAKING


Idioms (sayings):
1.
The idiom “be careful what you wish for” is often used as a type of warning to people who are wishing for one thing, but might not realize all the negative consequences that could accompany obtaining that wish. Sometimes, the saying is followed by “it might come true,” “lest it come true,” “you may receive it,” “you just might get it,” or some other similar ending phrase. Due to the contradictory meaning of those two phrases, their combination might confuse those who have never heard the idiom in its entirety. Of course, whether the idiom provides a certain truth is entirely up to the situation. Often, the contradictory nature of the idiom does not negate the real warning it provides.

By itself, the saying might not have much meaning to those who have never heard it. Coupled with one of the other ending phrases, however, it becomes a rather oxymoronic or paradoxical statement. This means it contains elements that are seemingly contradictory. When a person tells another person to be careful about what he wishes for because his wish might come true, the receiver of the advice might think it is odd advice, given that he does want his wish to come true. In that sense, the phrase seems contradictory.


2.
A long march starts with the very first step: Success does not come from nothing, instead it comes from concrete hard work.


3.



4.



5.
Without rice, even the cleverest housewife cannot cook: It may not be true to American housewives who seldom cook rice. But rice is staple food in South China where the proverb may have originated. Without the right material, no matter how good you are, you may not accomplish the task.


6.



7.



8.



9.



10.
A smile woth a thousand ounces of gold: You describe a smile that is hard to come by as "a smile purchased for a thousand ounces of gold." There is a tragic story behind this proverb.


11.
A carriage that overturned ahead can be a lesson for those to follow: What happened has happened. What's needed to do is draw a lesson from it to avoid making the same mistake again in the future.


12.
Asking yourself for help is better than asking others: God helps those who help themselves.


13.
A melon forced off its vine is not sweet: "You can lead a horse to the water, but you can't make it drink." For that matter, a forced marriage is not happy and examples can be listed endlessly.


14.
An ant may well destroy an entire dam: If a small problem is overlooked, it could develop into a big disaster as ant can multiply, making tunnels in the dam to allow water soak in and consequently bring it to a collapse.


15.
A donkey has limited abilities:


16
Looking for a donkey on its very back: Looking for something as if it were missing while it is just under one's nose.


17.
Once on a tiger's back, you'll find it hard to get off: Once you take on a thorny task, you'll find it hard to get rid of it.








8. GRAMMAR


GO TO: WISH





10. VOCABULARY


Vocabulary:
bet
an agreement between two parties that a sum of money or other stake will be paid by the loser to the party who correctly predicts the outcome of an event
I bet them that we would be first.
earn
to gain or be paid (money or other payment) in return for work or service
The average person in that country earns approximately $ 40,000 per year while in Sudan the average person earns approximately $ 63.
gamble (vb.)
to play games of chance to win money

jackpot
any large prize or accumulated stake that may be won in gambling, such as a pool in poker that accumulates until the betting is opened with a pair of jacks or higher
A jackpot can rollover indefinetly until someone wins the prize.
lottery
a method of raising money by selling numbered tickets and giving a proportion of the money raised to holders of numbers drawn at random
Are lottery tickets worth for £ 2?
odds
followed by "on" or "against": the probability, expressed as a ratio, that a certain event will take place
The odds against the outsider are a hundred to one. (outsider = foreigner)
rollover
(UK) in the National or European lottery, the situation in which a jackpot that has not been won is carried over to the next week
A jackpot can rollover indefinetly until someone wins the prize.
stake (n.)
the money or valuables that a player must hazard in order to buy into a gambling game or make a bet
Raise the stakes by playing wirelessly against your friends.
waste
to use, consume, or expend thoughtlessly, carelessly, or to no avail



Metaphor

  • Money doesn’t grow on trees.
  • Do you think I’m made of money?
  • Don’t you know the value of a dollar?
  • You’re not worth a plug nickel.
  • If you have money, you make money.
  • The rich get richer, the poor get poorer.
  • A fool and his money are soon parted.
  • Money is the root of all evil.
  • Money doesn’t buy you happiness.
  • Money burns a hole in your pocket.
  • Money is no object.
  • Money is power.
  • Money isn’t everything.
  • Money makes money.
  • Money talks.
  • Put your money where your mouth is.
  • Follow the money.
  • Time is money.
  • Don’t make a dime wait on a nickel.
  • Let the buyer beware.
  • Poverty is no crime.
  • Poverty is no sin.
  • Beggars can’t be choosers.
  • If wishes were horses, beggars would ride.
  • If wishes were dollars, we all would be rich.
  • The further you go the bigger you fall.
  • The grass is always greener on the other side.
  • More money equals more problems.
  • I always pick the most expensive item.
  • Business as usual.
  • Business before pleasure.
  • Never mix business with pleasure.
  • Don’t buy a pig in a poke.
  • Let the buyer beware.
  • Talk is cheap, but it takes money to buy.
  • Spend less, make more.
  • Don’t be greedy.
  • Why don’t you get a REAL job?
  • Don’t be so lazy.
  • Charge for what you’re worth.
  • With people you make money with 3 people you lose money.
  • Pay yourself first.
  • Another day, another dollar.
  • It’s all in a day’s work.
  • Save for a rainy day.
  • Don’t sell yourself short.
  • Bad money drives out good.
  • Pay the piper his due.
  • Give credit where credit is due.
  • Give the devil his due.
  • Keeping up with the Jones’.
  • It’s better to have one expensive item than a bunch of junk.
  • A penny saved is a penny earned.
  • I can’t see the light at the end of the tunnel.
  • The light at the end of a tunnel is an oncoming train.
  • You can’t take it with you.
  • Don’t throw good money towards bad.
  • Don’t look a gift horse in the mouth.
  • They earned their money the hard way.
  • Make an honorable living.
  • Don’t bite the hand that fees you.
  • Don’t spend it all in one place.
  • Taxes are eating me alive.
  • Don’t spend more than you make.
  • What will I do with all of this money?
  • Finders keepers, losers weepers.
  • I guess they need it more than me.
  • Everyone is in the same boat.
  • I’m a survivor. (Be a thriver.)
  • Don’t be penny-wise and dollar foolish.
  • You have to spend money to make money.
  • No pain – no gain.
  • Nothing ventured, nothing gained.
  • One man’s loss is another man’s gain.
  • If you have money, you can buy anything.
  • It’s not whether you win or lose, it’s how you play the game.
  • Money begets money.
  • You can’t get blood from a turnip.
  • You can’t get something for nothing.
  • You get what you pay for.
  • Whoever loves money never has money.
  • Wanna bet?
  • Don’t take any wooden nickels.
  • I was never good at numbers.
  • He who dances must pay the fiddler.
  • Pay as you go.
  • Pay the piper his due
  • You pays your money and you takes your choice.
  • A bad penny always turns up.
  • A penny for your thoughts.
  • Penny-wise and proud-foolish.
  • Work and pray, live on hay, you’ll get pig in the sky when you die.
  • Don’t buy a pig in a poke.
  • Business before pleasure.
  • It is easier for a camel to go through the eye of a needle, than it is for a rich man to enter the kingdom of heaven.
  • Save for a rainy day.
  • Sell down the river.
  • You can’t make a silk purse out of a sow’s ear.
  • Every man is not born with a silver spoon in his mouth.
  • Poverty is no sin.
  • Money has no smell.
  • As you sow, so shall you reap.
  • Brother, can you spare a dime?
  • Time is money.
  • He who does not work, neither shall he eat.
  • If a thing is worth doing it is worth doing twice.
  • It’s not worth the paper it is written on.



Banking idiomatic expressions:
Can I bank on your support?
A fool and his money are soon parted.
A company or an activity which is a licence to print money.
The company has been coining it/money since the new manager took over.
Since he's in the money, he's extremely generous to his friends.
Ice cream sellers are minting money thanks to the heat.
Most people think being a professional footballer is money for jam.
That costs an arm and a leg.
I got it for a song.
Time is money.








11. LISTENING


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13. PRONUNCIATION


Numbers:


· Fractions
14 13 Pronunciation Numbers wiki.jpg

The numerator (the top number) is spoken as a cardinal number and the denominator (the bottom number) as an ordinal number.
However, half is used in place of second and sometimes quarter in place of fourth.
For fractions in which the numerator is larger than one, the denominator takes the plural -s suffix.
English fractions are also written with a hyphen between the numerator and denominator. For example:

  • 1/2 – one-half
  • 1/3 – one-third
  • 2/3 – two-thirds
  • 1/4 – one-fourth, one-quarter
  • 4/5 – four-fifths
  • 99/100 – ninety-nine one hundredths, ninety-nine hundredths


Fractions may also be spoken as cardinal number-over-cardinal number. For example:

  • 1/2 – one over two
  • 1/3 – one over three
  • 2/3 – two over three
  • 1/4 – one over four
  • 4/5 – four over five
  • 99/100 – ninety-nine over one hundred




1/8 = 1 of 8, 1 eighth
3/4 = 3 over four, 3 fourths





· Decimals
If you know how to read a cardinal number,
you can read a decimal:
Start reading the number from the left to the right:
These are the positions of the decimal numbers
(called "place value").
You must say them after you read the decimal.
14 13 Pronunciation Numbers 02 wiki.jpg
14 13 Pronunciation Numbers 03 wiki.jpg
14 13 Pronunciation Numbers 04 wiki.jpg

Now try to read this number 0.25463:
Before starting reading the decimal number,
remember the position of the last one (which is
called "the place value"):
Then, read the number as if it was a cardinal number
and say the position of the last one:

Remember!!!!
If you just say this, people would think you are
talking about a whole number (not a decimal):
14 13 Pronunciation Numbers 05 wiki.jpg
14 13 Pronunciation Numbers 07 wiki.jpg

14 13 Pronunciation Numbers 06 wiki.jpg

Try to read this other number 0.2546:
Before starting reading the decimal number,
remember the position of the last one:
Then, read the number as if it was a cardinal number
and say the position of the last one:
14 13 Pronunciation Numbers 08 wiki.jpg
14 13 Pronunciation Numbers 09 wiki.jpg

Try to read this number 0.254:
Before starting reading the decimal number,
remember the position of the last one:
Then, read the number as if it was a cardinal number
and say the position of the last one:
14 13 Pronunciation Numbers 10 wiki.jpg
14 13 Pronunciation Numbers 11 wiki.jpg

Try to read this number 0.25:
Before starting reading the decimal number,
remember the position of the last one:
Then, read the number as if it was a cardinal number
and say the position of the last one:
14 13 Pronunciation Numbers 12 wiki.jpg
14 13 Pronunciation Numbers 13 wiki.jpg


Try to read this number 0.2:
Before starting reading the decimal number,
remember the position of the last one:
Then, read the number as if it was a cardinal number
and say the position of the last one:
14 13 Pronunciation Numbers 14 wiki.jpg
14 13 Pronunciation Numbers 15 wiki.jpg




Decimals are read like this:

  • 0.X – tenth(s)
  • 0.0X – hundredth(s)
  • 0.00X – thousandth(s)
  • 0.000X – ten thousandth(s)
  • 0.0000X – hundred thousandth(s)
  • 0.00000X - millionth(s)

All decimals follow the singular-plural system for English nouns: the number is spoken as the digit followed by the name of the decimal (with any decimal larger than one) taking the plural ­–s marker.

A period is placed between the whole number and the decimal. For example:
  • 0.1 – one tenth
  • 0.2 – two tenths
  • 0.01 – one hundredth, one one-hundredth
  • 0.33 – thirty-three hundredths
  • 0.001 – one thousandths, one one thousandth
  • 0.654321 – six hundred fifty-four thousand three hundred twenty-one millionths

Decimals may also be spoken as whole number-point-digits. Zeros are spoken as zero or oh. For example:
  • 0.1 – point one, zero point one, oh point one
  • 1.25 – one point two five
  • 6.425 – six point four two five
  • 2.1368 two point one three six eight
  • 1.057 – one point oh five seven
  • 4.0098 – four point zero zero nine eight






FINAL WRITING:

You have an English friend. He has just arrived to Spain a week ago. He wants to open a bank account, exchange some money and also ask for a loan, but he doesn't know anything about how it works in Spain. Send him an e-mail and explain him anything you consider he should know about it. Try to include:
· how to open a bank account
· types of bank accounts
· the documents he needs to open it

· services the bank may offer him or charges when opening a bank account (e.g. types of cards, interest)


María Ángeles A.


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