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LISTENING 1
| Term | Definition |
|---|---|
| debit | an accounting entry acknowledging sums that are owing |
| credit card | a card (usually plastic) that assures a seller that the person using it has a satisfactory credit rating and that the issuer will see to it that the seller receives payment for the merchandise delivered |
| cheque | a written order directing a bank to pay money |
| in advance | ahead of time; in anticipation |
| interest rate | the percentage of a sum of money charged for its use |
| deposit | the act of putting something somewhere |
| tuition fee | a fee paid for instruction (especially for higher education) |
| poverty | the state of having little or no money and possessions |
| bank statement | a periodic statement prepared by a bank for each client |
| current account | that part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments |