English uses specific nouns for money, coins, bills, banks, and accounts. These words name objects and institutions that appear in transactions and financial conversations. Knowing these nouns allows you to identify what is being discussed in shops, banks, and personal finance.

Word/Phrase	Definition
money	The general term for currency and coins used to pay for things.
cash	Physical money in the form of coins or bills.
coin	A small, metal piece of money.
bill	A paper note with a set value, also called a banknote.
bank	A place that keeps money, gives loans, and manages accounts.
account	A record at a bank that shows money you have or use.

Transactions use verbs and nouns to describe giving, receiving, and exchanging money. English separates paying, buying, selling, and changing money as different actions. Each action often has a typical object, such as pay a bill or buy an item.

Word/Phrase	Definition
pay	To give money for something you owe or want to buy.
buy	To get something by giving money for it.
sell	To give something to someone in exchange for money.
change	The money you get back when you pay more than the price.
cost	The amount of money needed to buy something.
price	The set amount of money that something is sold for.

Basic banking vocabulary covers storing money, moving money, and using bank services. These terms are common when opening an account, using a card, or moving money between places. They describe standard actions in personal banking.

Word/Phrase	Definition
deposit	To put money into a bank account.
withdraw	To take money out of a bank account.
balance	The amount of money you have in an account at a specific time.
transfer	To move money from one account to another.
ATM	A machine that lets you withdraw or deposit money.
statement	A document that shows recent transactions and balances.

English uses specific terms for payment cards and electronic payments. These words identify the method of payment in shops, online, and at banks. Knowing these terms helps in choosing how to pay and in understanding payment options.

Word/Phrase	Definition
credit card	A card that lets you pay now and pay the bank later.
debit card	A card that takes money directly from your bank account.
PIN	A personal number used to authorize card transactions.
contactless	A payment method that works by tapping a card or device.
online payment	A payment made through the internet.
receipt	A paper or digital record that shows you have paid.

Personal finance vocabulary describes how people manage money, income, and expenses. These terms appear in conversations about budgeting, saving, and planning. They help explain where money comes from and where it goes.

Word/Phrase	Definition
income	Money you receive, usually from work or investments.
expense	Money you spend on goods or services.
budget	A plan for how to use money over a period of time.
save	To keep money instead of spending it.
loan	Money that you borrow and must pay back.
debt	Money that you owe to someone or to an institution.

Financial vocabulary includes places where money is used, stored, or exchanged. These nouns help you talk about locations in everyday transactions. They are frequent in directions, appointments, and financial tasks.

Word/Phrase	Definition
bank	A business that handles money, accounts, and loans.
ATM	A machine you use to get cash or check your balance.
cashier	The person at a counter who takes payments.
counter	The place in a shop or bank where you pay or get service.
exchange office	A place where you can change one currency for another.
checkout	The area in a shop where you pay for your items.

The key vocabulary in this module covers money, transactions, banking, payment methods, personal finance, and common financial places. Mastering these words supports clear communication in shops, banks, and everyday financial situations.