Advanced Vocabulary - Relating to Borrowing Money and Owing Money

Relating to Borrowing Money and Owing Money

borrowing noun

the practice of borrowing money.

borrowing powers noun

business the amount of money that a company or individual is able to borrow.

compound interest noun

business interest that is based both on an amount of money that someone has borrowed or saved and on the interest that has been added to it.

creditor noun

a person or company that is owed money by another person or company.

creditworthiness noun

the degree to which a person, organization, or country is considered likely to pay back money that they borrow.

creditworthy adjective

likely to pay back money that you borrow.

debt collector noun

someone whose job is to make people pay back the money they owe.

extension noun

extra time that you are given to pay money that you owe.

financier noun

business a person or an organization that manages or lends large amounts of money.

foreclose verb

legal to take someone’s property because they failed to pay back the money that they borrowed to buy it.

guarantee verb

if a valuable object guarantees something, it is given to someone until you have paid the money that you owe or have done the thing that you promised to do.

guarantee verb

to agree to pay back the money that someone else owes if they cannot pay it back themselves.

guarantee noun

an agreement to pay back money that someone else owes if they cannot pay it back themselves.

guaranteed adjective

business a guaranteed loan will be paid even if you cannot pay it, because someone else has agreed to pay it or your property will be sold to pay it.

guarantor noun

formal someone who makes an official agreement to be responsible for money that someone else owes, or for someone else’s behaviour.

interest-free adjective

not charging you any interest on the money you borrow or the credit you are given.

irredeemable adjective

business an irredeemable debt can never be paid.

loan shark noun

informal someone who lends money to people and charges them a very high rate of interest.

moneylender noun

a person or organization that lends money to people, especially at a high rate of interest.

the never-never noun

British humorous the system of buying things on credit.

owe verb

if you owe someone money, you have to give them a particular amount of money because you have bought something from them or have borrowed money from them. Money that you owe is called a debt.

pledge verb

to give something valuable to someone as a way of promising that you will pay them money later.

pledge noun

something valuable that you give to someone as a way of promising that you will pay them money later.

prime rate noun

the lowest rate available for borrowing money.

principal noun

business the original amount of money that someone borrows, which is paid back with additional money called interest.

put on

to record something in an account so that someone can pay for it later.

quits adjective

in a situation where neither of two people owes the other one anything.

refinance verb

business to replace one loan with another one on which you pay less interest.

revolving fund noun

business an amount of money that is available to be borrowed and is then replaced so that it always remains the same amount.

roll over

to agree that an amount of money that someone owes can be paid back at a later date.

security noun

business property or goods that you agree to give to someone who has lent you money if you cannot pay the money back.

soft loan noun

economics an arrangement in which a country or organization borrows money at a low rate of interest.

usurer noun

old-fashioned someone who lends money to people and charges interest.

usury noun

old-fashioned the practice of making people pay interest when you lend them money.

write off

to say officially that someone does not have to pay an amount of money.

write-off noun

an agreement that allows someone not to pay back the money that they owe.

foreclosure noun.

interest free adverb.

loan-sharking noun .

call it quits

informal to agree that neither person owes the other one anything.

on tick

British informal on credit paying later.

see the colour of someone’s money

informal to have proof that someone is going to pay you.

stand surety (for someone)

to be responsible for paying money that is owed or for making certain that someone goes to court when they should.

total words = 43