Unit 2

Word

Definition

Example

afford

To have enough money or resources to buy or do something

I can't afford to go on holiday this year

bill

A statement of money owed for goods or services received

The electricity bill came through the post today

borrow

To take money or something on loan with an obligation to return it later

Can I borrow some money, please?

budget

A plan or allocation of money for specific expenses within a set period

I have £150 in my budget for food this month

charge

To demand payment for goods or services provided

How much do you charge for a haircut?

contactless payment

A method of making a payment using a debit or credit card without physically inserting it into a payment terminal

Do you take contactless payment here?

cost

to have a particular price

These shoes cost £70

earn

To receive money in exchange for work or services provided

How much do doctors earn in your country?

inherit

To receive money, property, or assets from a deceased relative

She will inherit a lot of money when her parents die

insurance

A financial protection policy that provides compensation for specific risks or losses

Do you need insurance for your laptop?

invest

To put money into assets or ventures with the expectation of generating profit or income

You should invest some money in the stock market

lend

To give money or something on loan to someone else

Can you lend me £30 until tomorrow?

live off

To rely on a particular source for financial sustenance or support

I have to live off my parents while I'm at university

live on

To have enough money or resources to meet one's basic needs

If I lose my job, I'll have no money to live on

loan

A sum of money borrowed from a lender with an agreement to repay it over time

I need a loan from the bank to start my own business

mortgage

A loan taken to finance the purchase of real estate, usually secured by the property itself

The bank gave me a mortgage so that I could buy a house

note

A written promise to repay a debt, often in the form of a formal document

I left a £20 note on my desk

owe

To be obligated to pay back money or a favor to someone

He asked for help from a colleague who owed him a favour

pay

To give money in exchange for goods, services, or debts

Let me pay for coffee. It's my turn

pay back

To return money or a favor to someone who lent or helped you

I pay back £50 of the loan to the bank every month

raise

To increase one's income, usually through a salary increase or promotion

How much money did you raise for the school?

salary

A regular payment received for work or services, typically on a monthly or yearly basis

Lawyers get a good salary

save

To set aside money or resources for future use or emergencies

I try to save some money every month

spend

To use money to buy goods or services

How much do you spend on snacks each week?

take out

To borrow money from a lender, often referring to loans or credit

I never take out more than £50 at a cash machine

tax

A compulsory financial charge imposed by the government on income, goods, and services

How much tax do you have to pay every month?

waste

To use resources or money carelessly or unproductively

Don't waste your money on things you don't need

worth

The value or price of something, often in monetary terms

How much is your house worth?

beauty treatment

A procedure or service aimed at enhancing one's appearance

Do you like to try the latest beauty treatments?

cash machine

An ATM (Automated Teller Machine) where money can be withdrawn or transactions can be performed

Where's the nearest cash machine, please?

cleaning product

A substance used to clean or remove dirt and stains from surfaces

What cleaning products do you use in your kitchen?

cycling trip

A journey taken on a bicycle

We're going on a cycling trip to Wales in July

electricity bill

A statement of charges for electricity usage in a household or business

I turn off lights to save money on our electricity bill

olive oil

An oil extracted from olives, commonly used in cooking and beauty products

Just add olive oil to your salad

tap water

Water that comes directly from a faucet or tap and is safe for drinking

Anything to drink? - Just tap water, please

amazed

To be filled with wonder, surprise, or astonishment

Alex was amazed at the size of the university

boiling

The act of bringing a liquid to its boiling point, typically at 100 degrees Celsius for water

Be careful! This water is boiling

delighted

Feeling great pleasure, satisfaction, or happiness

I'm delighted to see everyone here. It's wonderful!

enormous

Very large in size, quantity, or extent

The city is enormous. It's one of the biggest in the world

exhausted

Feeling extremely tired or drained of energy

We're exhausted. We've been walking around all day

fascinating

Extremely interesting or captivating

I like to study modern history. I think it's fascinating

filthy

Extremely dirty or unclean

I'm filthy after working in the garden. I'll take a shower

freezing

Extremely cold, below the freezing point of water

You look cold. - Yes, I'm freezing!

furious

Extremely angry or enraged

Jessica was furious when her sister borrowed her jacket

hilarious

Extremely funny or amusing

This TV series is hilarious. We couldn't stop laughing

huge

Very large in size or extent

Their house is big, isn't it? - Yes, it's huge

positive

Showing optimism or confidence, having a favorable attitude

Are you sure you locked the door? - Yes, I'm positive

starving

Suffering from extreme hunger

Do you want some lunch? - Yes, I'm starving

terrified of

Filled with intense fear or dread

Nina is terrified of snakes

tiny

Extremely small in size

Michael comes from a tiny village in the mountains

scam

A dishonest scheme or fraud intended to deceive or swindle people

I think this email is a scam. They want my money