GB (£)
CZ (Kč)
SK (€)
US ($)| account number | a special number that has each account unique, thanks to which a specific client is associated with the account |
| activation of the payment card | takes place by inserting the card into the ATM and entering the correct PIN code, since then the card is active and it is possible to pay with it conveniently or withdraw money at ATMs |
| annual inflation rate | comparing prices in the consumer basket and determining its rise or fall in price compared to the previous year |
| ATM | a device designed primarily for withdrawing banknotes; its other functions include, for example, finding out the balance on an account or recharging a mobile phone credit |
| balance sheet | a document in which there is a complete statement of assets at a particular date |
| bank | an institution that provides financial services, is mainly engaged in lending and depositing money |
| bank account | bank service that allows us to deposit money |
| bank transfer | the most convenient and fastest way to transfer money from one bank account to another. Today, it is usually only by overwriting amounts on computers, it can take place within one bank and between different banks |
| banknotes | paper money of a certain value |
| budget | recording of income and expenditure for a specific period of time |
| businessman | person selling something |
| cash | coins and banknotes |
| cashless money | money deposited in a bank account |
| cashless payment | we pay expenses without cash, such as payment by card or bank transfer |
| claim | the right to require the debtor to pay a debt or fulfill a promise or obligation |
| coins | metal money |
| compulsory liability | compulsory motor insurance by law (without compulsory liability, the car may not come out, checked by the police), it is paid for damage caused by the driver of the vehicle |
| consolidation of loans | merging of several loans (it is possible to have loans from several institutions) into one loan |
| consumer basket | the purchase of specified goods in a given period and their comparison with the previous period, most often in a calendar year |
| consumer credit | credit for the purchase of goods, usually has a high interest rate |
| contactless payment | card payment, where we just attach the card to the payment terminal and pay |
| contract | bilateral agreement, may be in writing or orally |
| court payment order | court decision ordering to pay a loan, to repay claims against a creditor |
| credit | other name for the loan |
| credit payment card | a card that allows us to pay with money that we do not have in our account, we borrow from a bank |
| creditors | those who lent us (bank, non-banking institutions, physical persons) |
| currency | money used in a country |
| current account | basic type of bank account intended for everyday use |
| customer | person who purchases goods or services |
| demand | the amount of goods we are willing to buy at a certain price |
| debit payment card | card that we only pay with the money we have in our account |
| debt | money we borrow, for example from a bank, then we owe |
| debt trap | a situation in which a person is unable to repay the money he has borrowed. To repay one loan, he must take another loan. |
| deflation | fall in market prices, for the same amount of money we buy more goods |
| disability | loss of ability to work, occurs after a serious illness or injury |
| equilibrium price | fixed price at equalization of supply and demand |
| Euro | currency of the European Union, abbreviation EUR |
| exchange rate | amount, for how much of one currency it is possible to exchange a unit of another currency |
| exchange rate list | document with current foreign exchange rate |
| execution | official decision to seize things in value of an outstanding debt |
| executor | person in charge of confiscating property |
| expenses | everything we pay |
| fees | money we pay to the bank for the services it provides us |
| financial advisor | a person who has an overview of financial products on the market, provides advice and mediates contracts with financial institutions |
| financial reserve | the amount of money that can be drawn when needed |
| financial service intermediaries | persons who sell an already established financial product to customers |
| foreign exchange | foreign currency in non-cash form (for example transfers from account to account in foreign currency) |
| goods | products or services intended for exchange on the market |
| gross salary | income before tax and payment of compulsory insurance, we do not receive gross income, its amount can be traced on the payslip, where all components of wages are listed |
| income | money we earn, for example by paycheck |
| indemnity | a lump sum that is paid by an insurance company, for example after an accident |
| inflation | a situation where prices rise and the value of money decreases |
| installment | the amount we regularly pay an institution when it lends us money |
| installment calendar | a special calendar where it is determined how much and when the debtor will repay until he pays the entire debt |
| installment sale | sale where, when buying goods, we pay only a small part of the price and gradually repay the goods |
| insurance | an insurance service that protects persons and property |
| insurance company | company with which we can take out insurance |
| insurance contract | an agreement concluded with an insurance undertaking, stipulates the terms of insurance |
| insurance event | damage or event that has occurred and is covered by insurance, for example accidental fracture |
| insuree | the client of insurance company who is insured and has a contract with company |
| insurer | the organization that insures you |
| interest | the amount that the bank adds to the client to the amount for depositing money |
| interest rate | by how much the amount borrowed or deposited for the specified period will be increased as a percentage |
| internet banking | we don't have to go to the bank and everything can be arranged using the internet: money transfers, payments, checking the movement of money in the account, etc. |
| investment | a type of saving, investing in any property, such as buying a property |
| leasing | a type of loan in which we simply borrow the item from the company and return it or repay it at the residual value after the lease has been repaid |
| legal person | an organization, most often a company, firm or association operating in the market. It may enter into contracts, apply for loans. |
| lien | arises on a mortgage loan where our property is forfeited in the event of inability to pay |
| life insurance | insurance for various life situations - reinsurance of old age or family in the event of the death of a breadwinner |
| loan | finance provided for a transitional period, the bank charges interest for the loan |
| market | the place where goods are exchanged for money |
| market price | the amount at which goods and services are sold on the market |
| microtext | eye-invisible text which is a security feature on banknotes |
| mortgage / mortgage loan | money lent by a bank to buy a house or flat |
| non-banking institutions | financial institutions which provide loans and borrowings, not banks |
| payment card | plastic card with magnetic stripe and chip, allows cashless payments in shops or withdrawals from ATMs |
| payment order | an instruction we give a bank to send money from one account to another |
| payment terminal | a device that allows us to make cashless purchases in a store using a payment card |
| penalty | penalty for not paying something on time, for example loan repayment |
| physical person | any person who has his rights and obligations, a physical person becomes legally competent on reaching the age of 18, then can enter into contracts, borrow money from a bank, etc. |
| PIN | numeric code for the payment card, password known only to the cardholder (personal identification number) |
| premiums | the amount that the insuree regularly pays to the insurance company |
| price | value at which we buy goods and services |
| proof of payment | receipt or invoice issued for the product purchased |
| purchase contract | an agreement which obliges the buyer to pay for the goods and to supply the seller with quality goods at a known price |
| rent | money we pay for using flat, apartment or house, we do not own |
| savings account | a type of bank account that is not intended for everyday transactions, has a higher interest rate, we can save money on it |
| securities | various types of investment, divided into equity, where we buy directly a small stake in the company (shares), or debt, which are actually in the form of a loan |
| social insurance | compulsory insurance from which the state pays social benefits and pensions |
| standing order | an order to a bank to regularly (usually once a month) transfer a specified amount to another account (such as a rent) |
| state aid | the state regularly adds a pre-determined amount to the specific types of savings |
| statement of account | regular overview of operations performed on our account, we usually receive it once a month |
| supplementary pension insurance | a type of savings where we regularly deposit a set amount each month. The deposit period is usually set for the period for which the client works. |
| supply | goods and services offered on the market at a certain price, their types and quantities are determined by the customer's choice - demand |
| tax | the amount that is compulsorily paid to the state, its amount is usually set as a percentage, almost everything is taxed: income, purchases, goods |
| term deposit | a type of savings, for which there is a minimum period during which we cannot withdraw money |
| wage | money we receive as remuneration for work done for the employer |
| warranty | the seller guarantees the quality and functionality of the purchased product |
| warranty period | the period for which the seller guarantees the functionality of the product, usually 2 years |
| watermark | special security feature on banknotes |