Unit 9. Glossary

Bill: a request for payment of money owed, or the piece of paper on which it is written.

Charge: to ask an amount of money for something, specially for a service or activity.

Debt: something, specially money, that is owed to someone else, or the state of owing something.

Income: money that is earned from doing work or received from investment.

Savings: the money that you keep, specially in the bank or other financial organization.

Loan: an amount of money that is borrowed, often from a bank and it has to be paid back, usually together with an extra amount of money that you have to pay as a charge for borrowing.

Budget: a plan to show how much money a person or organization will earn and how much they will need or be able to spend.