bill = a statement showing money you owe
Example: Our electricity bill was higher than usual last month.
fee = a fixed price for a service
Example: The lawyer’s fee was higher than expected.
expenses = money spent on goods/services
Example: I use cash for daily expenses.
revenue = total money earned before costs
Example: The company’s revenue reached $20 million.
income = money remaining after costs and taxes
Example: Their income doubled last year.
funding = money for a specific purpose
Example: We received funding for our project.
grant = funding that does not need to be repaid
Example: She got a grant to study abroad.
budget = money available to spend
Example: Our monthly budget is very tight.
installment = one of several payments over time
Example: I paid in instalments.
lump sum = one single payment
Example: He chose to pay a lump sum.
mortgage = a loan to buy property
Example: We took out a mortgage.
interest rate = percentage charged on a loan
Example: The interest rate increased.
cost of living = cost of basic needs
Example: The cost of living is rising.
standard of living = level of wealth/comfort
Example: The standard of living is high here.
bargain = something bought at a low price
Example: That was a great bargain!
rip-off = something overpriced for its value
Example: That meal was a rip-off.
1. The ______ on the loan is 5%.
2. That restaurant was a complete ______.
3. We received ______ for our project.
4. I need to pay my electricity ______.
5. The country has a high ______.
6. I paid for the phone in monthly ______.
7. The consultant charged a high ______.
8. These shoes were a real ______.
9. After taxes, her ______ was quite low.
10. We need to stick to our monthly ______.
11. The company’s total ______ increased this year.
12. Food and rent are basic ______.
13. She paid the full amount as a ______.
14. They applied for a ______ to buy a house.
15. He got a ______ to study at university.
16. The ______ has increased significantly.