Banking and Financial Industry Vocabulary

Banking and Financial Industry Vocabulary This core vocabulary reference sheet provides keywords and phrases in the banking and financial industries. This vocabulary can be used in English for specific purposes classes as a starting point for including vocabulary study  relating to the banking and financial industries. Teachers are often not equipped with the exact English ​terminology required in very specific trade sectors. For this reason, core vocabulary sheets go a long way in helping teachers provide adequate materials for students with English for Specific Purposes needs. Students should also familiarize themselves with common banking abbreviations. to accept a billaccountaccount overdraftactual yieldafter-hours tradingat 30 days after sightat 60 days after dateat a discountat a premium - above parat bestat closingat parat sight - on demandbackdate - to antedateto bank - to depositbankbank accountbank balancebank branchbank clearancebank counterbank creditbank depositbank guaranteebank lending ratesbank loanbank mergerbank rate risebank sectorbank suretyship - bank guaranteebank transferbank transfer orderbankers draft - bank draftbankingbanking secrecyexchange-rate fluctuationsexchange controlsexchange rateexercise an optionto expireexpiry date - due datefinancial marketfixed exchange ratefixed term salefloat due to collectionfloating-rate loanforeign bankforeign currencyforeign exchange marketforward market - futures marketfuture transaction - forward transactionfutures - forward contractsto grant a loanto gross yieldto honour a billhostile takeoverin the redinterestinterest accrualinterest rateinvestorirrevocableirrevocable l etter of creditissue priceissuing bankissuing housejunk bondlegal interestletter of creditto loan banking systembanknote (GB) - bill (US)to bearbear marketbearer billbearer bondbearer chequebearer sharebill for collectionblank chequeblank endorsementbond - debenturebond certificatebond holder - debenture holderbond issuebonus share - free shareborrowing ratebounced cheque - uncovered chequebull marketto buy backcall option - callto cash a chequecash against documentscash market - spot marketcash overdraftcashier - tellerto charge an accountcheque (GB) - check (US)cheque bookcollectioncollection chargescommodity exchangeconfirmed irrevocable creditconfirmed letter of creditcontract notemerchant bankmoney launderingmoney marketnegotiablenegotiable billnet yieldofficial discount rateofficial Stock Exchange liston deposit - on consignmentto open an accountordinary share (GB) - common stock (US)out-of-town chequeto overdrawparity - at parpayable at sightpayable to bearerpayment orderpost datepreference share (GB) - preferred stock (US)premium dealprivate bankpromissory note - note of handto protest a billto protest chargesraterecipient - beneficiaryregistered shareto renew the billrepayment date - refund daterevocablerevocable creditrevocable letter of creditright of veto safety deposit boxsavings bankconvertibilityconvertibleconvertible bondcorrespondent bankcrash on the Stock Exchangecreditcredit cardcredit openingcrossed chequecurrency exposurecurrent account (GB) - checking account (US)current account depositdate of issuedebit balancedefault interests - interests on arrearsdepositdeposit bookdeposit certificate - deposit warrantdepositordiscount ratedividenddividend warrantdomiciled billDow Jones indexdraw a chequedrawers signaturedrawerend of month (EOM)to endorse - to backto endorse a chequeendorsementendorsement for collectionendorserexchangeexchange broker - stockbrokersavings depositto sell forwardto settle a debt - to pay off a debtsettlement of a billshar e - stockshare certificateshare indexshare issueshort-term billshort-term debtsight bill - bill on demandspeculative bubblespot exchangestock dividendStock ExchangeStock Exchange capitalisationStock Exchange indexstock marketstock optionstockbroker - stockjobberto stop a chequeto stop an accountsubject to collectionsurchargesuretyship - guaranteetake-over bid (TOB)to take out a loantown chequetransferableunacceptanceunpaid - unsettledvalue at market pricevoting shareto write out a chequeyield