Bank fees
Many banks
charge nominal fees for various services, such as requesting a deposit slip or
counter check or notarizing a document. Bank fees generally constitute a major
portion of revenue for the bank, particularly for regional and local branches.
Spanish translation: Comisiones
bancarias
Example:
- ‘Bank fees are relatively easy to avoid, but I hadn’t done my homework, and I was paying the price for not paying attention. Let me save you that pain.’
Found in: http://www.forbes.com/sites/seanmcquay/2016/12/01/you-can-ease-the-bank-fee-bite/#5f4eaa75ede7
Credit
card
A credit card is a card issued by a financial company giving
the holder an option to borrow funds, usually at point of sale. Credit cards charge interest and are primarily used
for short-term financing. Interest usually begins one month after a purchase is made, and borrowing
limits are pre-set according to the individual's credit rating.
Spanish translation: Tarjeta de crédito
Examples:
- - ‘Borrowing on credit cards and loans
grew’
-‘The government is planning to ban "excessive" fees for using a
debit or credit card to buy items such as tickets online.’
Investment Fund
An investment
fund is a supply of
capital belonging to numerous investors used
to collectively purchase securities while each investor retains ownership and control of his own shares. An investment fund provides a broader selection of investment opportunities, greater management expertise and lower investment fees than investors might be able to
obtain on their own. Types of investment funds include mutual funds, exchange-traded funds, money market funds and hedge funds.
to collectively purchase securities while each investor retains ownership and control of his own shares. An investment fund provides a broader selection of investment opportunities, greater management expertise and lower investment fees than investors might be able to
obtain on their own. Types of investment funds include mutual funds, exchange-traded funds, money market funds and hedge funds.
Spanish
translation: Fondo de inversión
Example:
- - ‘The fund has invested in Fair Trade and organic-certified coffee
cooperative
located in Ecuador.’
located in Ecuador.’
Mortgage
A mortgage is a debt instrument, secured
by the collateral of specified real estate property, that the borrower is
obliged to pay back with a predetermined set of payments. Mortgages are used by
individuals and businesses to make large real estate purchases without paying
the entire value of the purchase up front. Over a period of many years, the borrower
repays the loan, plus interest, until he/she eventually owns the property free
and clear.
Spanish translation: Hipoteca
Example:
-
‘Mortgage
loans are usually entered into by home
buyers without enough cash on hand to purchase the home. They are also used
to borrow cash from a bank for other projects using their house as collateral.’
