2A Vocabulary Legal

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account
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an arrangement with a bank to keep your money there and to allow you to take it out when you need to
account manager
Account managers regularly contact customers to update them on new products and services.
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someone employed by a company to be responsible for one or more of its customers, especially someone in the banking or advertising industry:
accrue
Interest will accrue on the account at a rate of seven percent.
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to increase in number or amount over a period of time:
applicant
Lenders say they treat all applicants the same.
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someone who has applied to get something such as a loan or shares:
apply
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to request something, usually officially, esp. by writing or by sending in a form:
approve
The court approved the sale of the property.
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to accept, allow, or officially agree to something:
in arrears
About 180,000 homeowners were more than three months in arrears.
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owing money that should have been paid in the past:
authorise
The government has authorized the army to sell its surplus weapons.
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to give official permission for something to happen, or to give someone official permission to do something:
balance
The company's success is reflected in its healthy bank balance.
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the amount of money you have in a bank account, or the amount of something that you have left after you have spent or used up the rest:
bank statement
You can read your bank statements online.
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a record of the money put into and removed from a bank account
bank transfer
Payment was in advance by bank transfer.
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the sending of money from one bank account to another, usually electronically
bill
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a list of expenses to be paid, or the total amount of costs or expenses:
in the black
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earning more money than you spend:
borrow
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to take money from a bank or other financial organization and pay it back over a period of time:
branch
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one of the offices or groups that form part of a large business organization:
cancel
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to decide that an organized event will not happen, or to stop an order for goods or services that you no longer want:
charge
Is there a charge for children or do they go free?
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the amount of money that you have to pay for something, especially for an activity or service:
COMPETETIVE
We have to invest in new technology if we are to remain competitive.
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are as good as or better than other prices, services, etc.
currency
Take some foreign currency to cover incidentals like the taxi fare to your hotel.
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the money that is used in a particular country at a particular time:
debit
The statement showed a debit of £350 on January 22.
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an amount of money that is taken out of a bank account
debt
He managed to pay off his debts in two years.
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something, especially money, that is owed to someone else, or the state of owing something:
default
People who default on their mortgage repayments may have their home repossessed.
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to fail to do something, such as pay a debt, that you legally have to do
deposit
She made a large deposit last Thursday.
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an amount of money paid into an account:
disclose
Terms of the agreement were not disclosed
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to give information to the public that was not previously known:
eligible
Only people over 18 are eligible to vote.
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having the necessary qualities or satisfying the necessary conditions:
enclose
Please enclose a curriculum vitae with your application.
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to send something in the same envelope or parcel as something else:
fee
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opłata
identity theft
Statistics show that millions of people are victims of identity theft each year.
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the crime of using someone's personal information in order to pretend to be them and to get money or goods in their name:
income
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money that is earned from doing work or received from investments:
instalments
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one of several parts into which a story, plan, or amount of money owed has been divided, so that each part happens or is paid at different times until the end or total is reached:

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