at Hochschule Für Angewandtes Management

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probationary period

a defined period of time that employees are exempt from certain contractual items, most importantly the notice period required for termination; it allows both employee and employer to see if they are a ‘good fit’ and to make things easier if they need to termi- nate the contract

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resign (verb)

to give up a job

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works council (noun)

a group of employees elected or chosen to represent all the employees in a company in meetings with their employers

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bear market

a market in which securities or commodities are persistently declining in value

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checking account (noun; American English)

a bank account that you can take money from at any time and that usually earns little or no interest (cf. current account)

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deposit (verb)

to put something valuable, especially money, in a bank or safe

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interest rate (noun)

the interest percent that a bank or other fi- nancial company charges you when you bor- row money, or the interest percent it pays you when you keep money in an account

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lend (verb)

to give something to someone for a short period of time, expecting it to be given back; if a bank lends money, it gives money to someone who agrees that they will pay the money back in the future, usually with extra money added to the original amount

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loan (noun)

money lent by a bank etc. and that must be repaid with interest

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overdraft (noun)

deficit in a bank account caused by with- drawing more money than is paid in

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payee (noun)

person to whom money is paid

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withdraw (verb)

to take money out of a bank account (noun: withdrawal)

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business english at Hochschule für angewandtes Management

Flashcards and summaries for business english at the Hochschule für angewandtes Management

Study with flashcards and summaries for the course business english at the Hochschule für angewandtes Management

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