Navigating the world of banking and finance in a Spanish-speaking country requires a solid grasp of specific terminology. In this article, we’ll explore essential Spanish terms that will help English speakers understand and communicate effectively in these sectors.
Banco – The Spanish word for bank, where money is deposited, saved, or loaned.
¿En qué banco tienes tu cuenta de ahorros?
Cuenta – This term means account, which is a record for the storage of money and financial transactions.
Necesito abrir una nueva cuenta bancaria.
Cajero automático – Known in English as an ATM (Automated Teller Machine), where you can withdraw or deposit money.
Voy al cajero automático para retirar algo de dinero.
Tarjeta de crédito – Credit card, a card issued by a bank allowing the holder to purchase goods or services on credit.
Debes pagar la factura de tu tarjeta de crédito antes del viernes.
Tarjeta de débito – Debit card, similar to a credit card, but directly linked to the user’s bank account.
Prefiero usar mi tarjeta de débito en lugar de llevar efectivo.
Préstamo – Loan, money that is borrowed and expected to be paid back with interest.
El banco aprobó mi solicitud de préstamo.
Interés – Interest, the cost of borrowing money, typically a percentage of the amount loaned.
El interés de este préstamo es más alto de lo que esperaba.
Hipoteca – Mortgage, a specific type of loan used to purchase real estate.
Acaban de aprobar nuestra hipoteca para la nueva casa.
Inversión – Investment, the act of allocating resources, usually money, with the expectation of generating an income or profit.
Estoy considerando hacer una inversión en bienes raíces.
Ahorros – Savings, money that someone has saved, typically through a bank.
He estado agregando a mis ahorros cada mes.
Divisas – Foreign exchange, involving the exchange of one currency for another.
Necesito cambiar algunos dólares a divisas locales.
Bolsa de valores – Stock market, a market in which shares of publicly held companies are issued and traded.
El valor de mis acciones en la bolsa de valores ha aumentado.
Acciones – Stocks, the shares of a company held by an individual or a group.
Mis acciones en esa empresa me han dado buenos dividendos.
Bonos – Bonds, a fixed income instrument that represents a loan made by an investor to a borrower.
El gobierno está emitiendo bonos para financiar el nuevo proyecto.
Deuda – Debt, money owed by one party to another.
La empresa tiene una gran cantidad de deuda acumulada.
Balance – Balance, an accounting term that refers to the total amount of money in an account.
Necesito verificar el balance de mi cuenta corriente.
Transferencia – Transfer, the act of moving money from one account to another.
Realicé una transferencia de fondos a tu cuenta el lunes.
Depósito – Deposit, money placed into a banking account.
Acabo de hacer un depósito en mi cuenta de ahorros.
Retiro – Withdrawal, the act of taking money out of an account.
¿Cuánto dinero quieres retirar hoy?
Seguro – Insurance, a contract represented by a policy in which an individual receives financial protection or reimbursement against losses.
Es importante tener un buen seguro de vida.
Fondo – Fund, a sum of money saved or made available for a specific purpose.
Estamos contribuyendo a un fondo para emergencias.
Crédito – Credit, the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
Tienes buen crédito en la tienda, así que puedes comprar lo que necesites.
Understanding these terms will not only help in everyday banking and financial discussions but also in comprehending news and reports related to economic conditions in Spanish-speaking countries. Whether you’re living, traveling, or doing business in a Spanish-speaking environment, being equipped with this vocabulary can significantly enhance your communication and financial management skills.
