shares are one of the many equal parts into which a company’s capital is divided. People who buy them
are called
shareholders. Stocks are shares which are issued by the government.
Dividends are parts of a
company’s profits shared out among the shareholders.
9.
Income tax is a tax on money earned as wages or salary.
Excise duty is a tax on certain goods produced in a
country, such as cigarettes or alcohol.
10. To
credit somebody’s bank account is to put money into the account. To
debit somebody’s bank account is to take
money out. In the UK, many people pay for bills etc. using a system called
direct debit, where money is taken
directly from their account by the company providing the goods or service.
11. Traditionally a
bank is a business organization which keeps money for customers and pays it out on demand or
lends them money, and a
building society is more usually associated with saving money or lending people money
to buy houses.
12. A
discount is the percentage by which a full price is reduced to a buyer by the seller. A
refund is money paid back
when, for example, returning something to a shop (It can also be a verb: to
refund) 13. A
bargain is something bought more cheaply than usual (the word can have other meanings - check your
dictionary). Something which is
overpriced is too expensive. Something which is
exorbitant costs much more than
its true value.
14. A
worthless object is something which has no value. A
priceless object is an extremely valuable object.
15. If you
save money, you put it to one side so that you can use it later. If you
