Advanced Vocabulary - To Pay, or to Not Pay Money You Owe

To Pay, or to Not Pay Money You Owe

amortise

a British spelling of amortize.

amortize verb

business to pay back money that you owe by making payments at regular times.

clear verb

to pay back all of the money that you owe to the person you borrowed it from.

default verb

to fail to pay money that you owe.

discharge verb

formal to pay what you owe to someone.

discharge noun

formal the payment of money that you owe.

forgive verb

economics if a country or bank forgives a debt , they decide that the debt does not have to be paid back.

incur verb

to lose money, owe money, or have to pay money as a result of doing something.

liquidate verb

to pay money that you owe.

liquidation noun

business the payment of money that is owed.

liquidity noun

business a situation in which a business has money or property that it can sell in order to pay money that it owes.

overpay verb

to pay more money than you owe.

pay back

to give someone the same amount of money that you borrowed from them.

pay up

to pay money that you owe, especially when you are unwilling to pay.

pay off

to give someone all the money that you have borrowed from them to buy something.

pay verb

to give a company, institution etc money that you owe them.

redeem verb

to give all the money that you have borrowed to the person who you borrowed it from.

repay verb

to give someone money that you have borrowed from them.

repayment noun

the process of paying someone money that you have borrowed from them.

repayment noun

an amount of money that you pay to the person, bank etc that you have borrowed it from.

reschedule verb

business to arrange to pay back money that you owe at a date that is later than originally agreed.

service verb

business to pay interest on money that you have borrowed from someone.

settle up

to pay all of an amount of money that you owe to a particular person or company.

settle verb

to pay all the money that you owe to a particular person or company.

spread verb

to divide an amount of money that you owe into parts and pay it in several instalments instead of all at one time.

square up

if two people square up, one pays what they owe so that both people are equal.

work off

to pay someone what you owe them by doing a job for them instead of giving them money.

amortization noun .

defaulter noun .

make good (on) a promise threat debt etc

to do or pay what you have said you would.

on account

if you buy something on account, you take it now and pay for it later.

on account

if you pay an amount of money on account, you pay part of what you owe now and you pay the rest later.

total words = 32