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Vocabulary: growth - recession and banks

The whole world is at present going through an economic and social crisis. Consequently, we are daily confronted to "technical" [ economic and financial] vocabulary... These words and expressions will, I hope, help you understand what you hear or read and express yourselves better.

I) THE ECONOMIC SITUATION:

A downturn in sales...

Growth		The growth rate
To boom		The economic boom
A boom in sales A boom in production		The recession/ The slump
The stagnation		The budget deficit
A trade deficit A trade gap		A downturn in sales
Economic		A slump in demand

: economical= avoiding waste, being thrifty.

To boost Austerity measures

An economic package		Austerity measures
To boost		To boost the economy To reflate the economy
Reflation		Reflationary measures
The economic recovery		The economic revival
The economic revival		Inflation/ inflationary
Deflation		Devaluation// Revaluation
To devalue		To revalue

II) BANKS: play an important role at the service and the citizens of the different countries in the world.

High finance		Banking/ a banker
Money		A (bank) note (GB) A (treasury) bill (US)
A fifty-dollar bill		A two-euro coin
The change		To give sb change for $50
To get change		Small change

A note and coins...

A bank account		A current account (GB) A checking account (US)
A savings account (GB) A deposit account (US)		To open/ close an account with a bank
Where do you bank?		I bank with them...
A credit card		A cheque(GB)/ a check (US)
A cheque for £50		A chequebook/ check book
To write a cheque		To make a cheque out to sb
The cheque bounced		= A bad/ dud / cheque
To cash a cheque		To make a deposit
To deposit £900 on one's account		To pay a cheque into an account
To withdraw money from one's account		To draw money from one account

A credit/ debit balance		A (bank) statement
A debtor/ creditor		To have an overdraft/ to be overdrawn
to be in the red		Bank charges
To lend something to somebody		A loan
A mortgage		To borrow money from sb
A security on a loan		To repay something
Funds		An investment/ investor
To yield 4% interest		To give a good return
A bank clerk		A cashier/ a teller
A safe/ a strong box(GB)/ a safe deposit box (US)		The strongroom/ the vault

A strongroom/ a vault A cashpoint/ a cash dispenser(GB)/ an automatic teller(US)

Some words look quite technical, it's true... But in fact, they belong to the usual and daily vocabulary you should know... Go for it!

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1. 'Sorry, I haven’t brought a pen. Can you , please?'

2. 'Yes, I bought this house 4 years ago, but I still have to pay a monthly for at least ten years.'

3. 'I am allowed to use a moderate , but I really don’t like the idea of living on credit.'

4. 'If you’re really short of money just now, you know that you can , but not more.Sorry!'

5. Paul’s latest cheque , he had to pay cash and was given a penalty immediately.

6. All over the country, but especially in the capital, there was a in the building trade after the financial crash.

7. After the crisis, everyone was expecting of the country and a long period of sacrifices.

8. The members of the new government have planned an in which the most vulnerable people will be helped.

9. 'Can you please for the vending machine?'

10. 'In this bank, your savings are secure, yet available, and will a reasonable interest.'

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