Different classifications for money (Vocabulary)

Fee: An amount of money paid for a particular piece of work or for a particular right or service. Example: University fee. 

Alimony: A regular amount of money that a law court orders a person to pay to his or her partner after a divorce. 

Dowry: In some societies, an amount of money or property that a woman’s parents give to the man she marries. 

Debt: Money that is owed to someone else.

Loan: An amount of money that is borrowed, often from a bank, and has to be paid back, usually together with an extra amount of money that you have to pay as a charge for borrowing. 

Tax: An amount of money paid to the government that is based on your income or the cost of goods or services you have bought.

Tip: To give someone who has provided you with a service an extra amount of money to thank them.

Fine: An amount of money that has to be paid as a punishment for not obeying a rule or law.

Ransom: A large amount of money that is demanded in exchange for someone who has been taken prisoner, or sometimes for an animal. Example: The kidnapper demanded a ransom for the girl’s liberation.

Bribe: Money or a present that you give to someone so that they will do something for you, usually something dishonest.

Pension: An amount of money paid regularly by the government or a private company to a person who does not work any more because they are too old or have become ill.

Salary: A fixed amount of money agreed every year as pay for an employee, usually paid directly into his or her bank account every month.

Wage: A particular amount of money that is paid, usually every week, to an employee, especially one who does work that needs physical skills or strength, rather than a job needing a college education.

Allowance (US)/Pocket money (UK): An amount of money that parents regularly give to their child to spend as they choose.

Allowance: Money that you are given regularly, especially to pay for a particular thing. Example: A travel allowance.

Fraud: The crime of getting money by deceiving people.

Capital: Money and possessions, especially a large amount of money used for producing more wealth or for starting a new business.

Investment: The act of putting money, effort, time, etc. into something to make a profit or get an advantage, or the money, effort, time, etc. used to do this.

Reward: An amount of money given to someone who helps the police or who helps to return stolen property to its owner.

Bail: An amount of money that a person who has been accused of a crime pays to a law court so that they can be released until their trial. The payment is a way of making certain that the person will return to court for trial.

Budget: The amount of money you have available to spend.

Profit: Money that is earned in trade or business after paying the costs of producing and selling goods and services.

Compensation: Money that is paid to someone in exchange for something that has been lost or damaged or for some problem.

Expenses: Money that you spend when you are doing your job, that your employer will pay back to you. Example: The cost of lunch is on expenses.

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Fund: An amount of money saved, collected, or provided for a particular purpose.