Plain English editing, writing and training service - provided by the National Adult Literacy Agency.
Instead of |
Consider |
| accrue | build up |
| arrears | money owed after it is due |
| asset | property |
| balance | amount |
| benefit in kind | perk |
| capital | amount of money being invested |
| credit | loan |
| credit limit | maximum loan |
| creditor | person or company owed money |
| debit | payment from an account |
| debt consolidation | combining debts |
| debtor | person or company owing money |
| deeds | proof of ownership |
| default | miss a payment |
| depreciation | drop in value |
| exclusion | not covered |
| exempt | free from |
| expenditure | spending |
| gross | total |
| instalment | payment |
| liabilities | debts |
| lump-sum | once-off payment |
| mature | come to an end |
| means | income or property besides a family home |
| net income | income after tax |
| outgoings | expenses, spending |
| overdue | not yet paid |
| overheads | costs |
| per annum | a year |
| policy | plan |
| policyholder | customer |
| premium | contribution, payment |
| principal | loan amount |
| remittance | payment |
| remuneration | pay, earnings |
| signatory | person who signs |
| surcharge | extra charge |
| transaction | payment into or out of an account |
| variable | can change |
| withdraw | take out |
This information is copyrighted to NALA, © 2015 | All Rights Reserved.
This website was produced by The National Adult Literacy Agency (NALA).
For more information about NALA, please visit www.nala.ie.
