Financial Vocabulary

#441

Will

Example sentences

1. He wrote a will to explain who should receive his property.
2. The lawyer helped her update the will.
3. A will can name a person to care for young children.

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#442

Trust

Example sentences

1. She placed the house in a trust.
2. A trust can hold and manage property for another person.
3. The family created a trust for the children.

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#443

Executor

Example sentences

1. The will named her brother as executor.
2. The executor pays debts and shares the estate.
3. The executor contacted the bank after the death.

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#444

Probate

Example sentences

1. The estate went through probate in court.
2. Probate confirms the will and manages the estate.
3. A simple estate may complete probate more quickly.

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#445

Inheritance

Example sentences

1. She received an inheritance from her grandmother.
2. He used part of the inheritance to pay debt.
3. The lawyer explained the tax rules for the inheritance.

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#446

Heir

Example sentences

1. The son is an heir to the family property.
2. Each heir received a share of the estate.
3. The will clearly names every heir.

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#447

Power of attorney

Example sentences

1. She gave her sister power of attorney for financial matters.
2. A power of attorney lets someone act for another person.
3. The bank requested a copy of the power of attorney.

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#448

Living will

Example sentences

1. He wrote a living will about future medical care.
2. A living will explains a person's wishes when they cannot speak.
3. The doctor kept a copy of the living will.

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#449

Estate

Example sentences

1. The estate includes the house, savings, and investments.
2. The executor paid the estate's debts.
3. The remaining estate was divided among the children.

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#450

Fiduciary

Example sentences

1. The adviser acts as a fiduciary for the client.
2. A fiduciary must put another person's interests first.
3. The trust chose a professional fiduciary.

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#451

Financial technology

Example sentences

1. Financial technology makes banking services available by phone.
2. The startup develops financial technology for small businesses.
3. Financial technology can make payments faster.

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#452

Digital banking

Example sentences

1. She opened an account through digital banking.
2. Digital banking lets customers manage money online.
3. The bank added new security to its digital banking service.

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#453

Digital wallet

Example sentences

1. He stored his payment card in a digital wallet.
2. A digital wallet can make payments by phone.
3. She protected her digital wallet with a password.

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#454

Mobile payment

Example sentences

1. She made a mobile payment at the coffee shop.
2. The mobile payment was completed in seconds.
3. He received a message confirming the mobile payment.

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#455

Contactless payment

Example sentences

1. He used contactless payment by tapping his card.
2. Contactless payment is fast for small purchases.
3. The store accepts contactless payment at every register.

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#456

Payment gateway

Example sentences

1. The website uses a payment gateway to accept cards.
2. A payment gateway sends payment information securely.
3. The shop changed its payment gateway after technical problems.

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#457

Payment processor

Example sentences

1. The payment processor approved the card transaction.
2. A payment processor moves payment details between businesses and banks.
3. The company pays a fee to the payment processor.

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#458

Peer-to-peer payment

Example sentences

1. She used a peer-to-peer payment to send money to a friend.
2. A peer-to-peer payment can be made through an app.
3. He checked the name before completing the peer-to-peer payment.

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#459

Cryptocurrency

Example sentences

1. He bought a small amount of cryptocurrency.
2. Cryptocurrency prices can change very quickly.
3. She keeps her cryptocurrency in a secure wallet.

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#460

Blockchain

Example sentences

1. The transaction was recorded on a blockchain.
2. A blockchain stores information across many computers.
3. The company is testing blockchain for international payments.

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