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Banking products

ex. 3

QuestionAnswer
interest what you can earn when you leave your money in the bank
loan an amount of money borrowed from a bank for a certain length of time, usually for a specific purpose
collaterall something that acts as a security or a guarantee for a debt
overdraft an arrangement to withdraw more money from a bank account than you have placed in it
mortgage a long-term loan to buy somewhere to live
private pension plan an arrangement for saving money to give you an income when you stop working
repossess to take back property that has not been completely paid for
Created by: Gergana Hristova
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