Study the following definitions and
1. accept v.,
to receive; to respond favorably
a. The receptionist accepted the package from
b. Without hesitating, she accepted the job of
2. balance n.,
the remainder; v. to compute the difference
between credits and debits of an account
a. His healthy bank balance showed a long habit
b. It took him over an hour to balance his
3. borrow v.,
to use temporarily
a. Do you want to borrow a pen?
b. The couple borrowed money from the bank to
buy a home.
adv., carefully, warily
a. The bank manager spoke cautiously when
giving out information to people she did not know.
b. Act cautiously when signing contracts and
read them thoroughly first.
v., to take away from a total; to subtract
a. Before computing his taxes, Christophe
remembered to deduct allowable home improvement expenses.
b. By deducting the monthly fee from her
checking account, Yi was able to make her account balance.
n., a share in a distribution
a. The stockholders were outraged when their
quarterly dividends were so small.
b. The dividend was calculated and distributed
to the group.
payment n., an
initial partial payment
a. By making a large down payment, the couple
saved a great deal in mortgage interest.
b. Karl was disappointed when the real estate
agent told him he needed a larger down payment on the house.
8. mortgage n.,
the amount due on a property; v., to
borrow money with your house as collateral
a. Due to low interest rates, Sheila moved
quickly to find a good deal on a mortgage.
b. Hiram mortgaged his home to get extra money
to invest in his business.
9. restricted adj.,
a. The number of free withdrawals a customer
can make from his or her account each month is restricted to five.
b. Access to the safe deposit box vault is
restricted to key holders.
n., the name of a person written by the person
a. Once we have your signature, the contract
will be complete.
b. The customer's signature was kept on file
for identification purposes.
out v., withdraw;
a. My checking account allows me to take out
money at any bank branch without a fee.
b. They took out the chairs in the bank lobby
so now there is no place to sit.
12. transaction n.,
a business deal
a. Banking transactions will appear on your
b. The most common transactions can be made
from your personal computer.