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business english
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
business english
resign (verb)
to give up a job
business english
works council (noun)
a group of employees elected or chosen to represent all the employees in a company in meetings with their employers
business english
bear market
a market in which securities or commodities are persistently declining in value
business english
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)
business english
deposit (verb)
to put something valuable, especially money, in a bank or safe
business english
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
business english
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
business english
loan (noun)
money lent by a bank etc. and that must be repaid with interest
business english
overdraft (noun)
deficit in a bank account caused by with- drawing more money than is paid in
business english
payee (noun)
person to whom money is paid
business english
withdraw (verb)
to take money out of a bank account (noun: withdrawal)
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