Here are ten English vocabulary words relevant to bank job aspirants, along with their meanings, synonyms, antonyms, and examples of usage:
- Collateral
- Meaning: Property or assets offered to secure a loan.
- Synonyms: Security, guarantee.
- Antonyms: Liability, debt.
- Sentences:
- The borrower provided his car as collateral for the loan.
- Banks require collateral to minimize the risk of lending.
- Amortization
- Meaning: Gradual repayment of a loan over a period of time.
- Synonyms: Payment, clearance.
- Antonyms: Accumulation, default.
- Sentences:
- The amortization schedule helps borrowers plan their repayments efficiently.
- Understanding amortization is vital for managing long-term debt.
- Liquidity
- Meaning: The ability to convert assets into cash quickly without significant loss.
- Synonyms: Cash flow, solvency.
- Antonyms: Illiquidity, insolvency.
- Sentences:
- Maintaining liquidity is crucial for banks during financial crises.
- The company increased its liquidity by selling non-essential assets.
- Interest
- Meaning: The cost of borrowing money, expressed as a percentage.
- Synonyms: Rate, charge.
- Antonyms: Principal (in financial context).
- Sentences:
- The interest on her savings account has doubled over the years.
- Banks compete to offer lower interest rates to attract borrowers.
- Overdraft
- Meaning: A facility allowing withdrawal beyond the account balance.
- Synonyms: Shortfall, deficit.
- Antonyms: Deposit, credit.
- Sentences:
- The customer utilized her overdraft facility to pay unexpected bills.
- An overdraft often incurs higher interest rates.
- Insure
- Meaning: To protect financially against loss or damage.
- Synonyms: Cover, safeguard.
- Antonyms: Risk, endanger.
- Sentences:
- It is mandatory to insure valuables against theft.
- Banks encourage customers to insure their properties.
- Reconciliation
- Meaning: The process of ensuring two financial records match.
- Synonyms: Settlement, balance.
- Antonyms: Discrepancy, disagreement.
- Sentences:
- Regular reconciliation helps banks identify errors in transactions.
- The accountant performed reconciliation of the client’s accounts.
- Deflation
- Meaning: A decrease in the general price levels of goods and services.
- Synonyms: Downturn, reduction.
- Antonyms: Inflation, escalation.
- Sentences:
- Deflation can negatively impact loan repayments.
- Economic policies aim to avoid prolonged deflation.
- Audit
- Meaning: An official examination of accounts and records.
- Synonyms: Review, inspection.
- Antonyms: Neglect, oversight.
- Sentences:
- The annual audit uncovered inconsistencies in the financial statements.
- Banks conduct audits to ensure compliance with regulations.
- Leverage
- Meaning: The use of borrowed capital to increase potential returns.
- Synonyms: Advantage, influence.
- Antonyms: Disadvantage, weakness.
- Sentences:
- Investors use leverage to amplify their gains in financial markets.
- Excessive leverage can lead to financial instability.
Read this also :Â AP Mega DSC Notification Released
Read this also :Â TGSRTC Recruitment : 3,038 Vacancies to be Filled Soon!
