Can I Sign Michigan Banking Word

Can i industry sign banking michigan word simple

welcome to speak English now podcast with your host Georgiana the podcast that will help you to speak English fluently with no grammar and no textbooks hi everybody I'm Georgiana your online English teacher my mission is to help you to speak English fluently speaking English is way easier when you use the right material and techniques in the first part of this episode I'm gonna talk about lending and borrowing something and how to get a loan from the bank and in the second part you'll practice your spoken English with a question-and-answer mini story alright let's get started today I'd like to talk about loans and the related vocabulary loans have always been a feature in all countries societies and cultures person a has some money and person B needs money then person a can lend money to person B when we talk about lending we don't talk about giving givin means permanently without a time limit without a time limit for example if I say I'll give you the car it means that the car won't be mine anymore it'll be yours when someone gives a loan it's under certain conditions that is he agrees to give money under certain conditions you can say give a loan or more formally ground alone logically a bank lends money you go to a bank office and ask for a loan then the Bank will consider whether or not to give you the loan it depends on your salary your situation whether you have more loans etc if the bank agrees to grant you the loan you receive the money you asked for but beware you have to return the money in the future and when do you have to return it you have to pay it back within the time the bank tells you to a deadline means a time limited by date for example you have until Friday to return the money by the way you don't just pay back the money you borrow you give more money back the extra money is the interest for example if you ask for $1,000 the interest may be 5% per year well you have to pay $1,000 plus $50 which is 5% of $1,000 that's how banks do business by lending money from others and charging interest for it I wanted to make one thing clear before we continue with the lesson when we leave money or any object to someone for a limited time we use the word land but when someone leaves us something temporarily we use the word borrow examples I never lend my books to anyone I lent John $50 I expect that John will return the money could I borrow your book for a minute please Mary used to borrow money from her parents all the time there's another word in this context insolvent the person who becomes insolvent means that they don't have money to pay solvency is the ability to pay insolvency is the inability to pay these are five of the largest banks in the u.s. in case you want to apply for a loan JPMorgan Chase Bank of America Wells Fargo Citigroup and Goldman Sachs group well as always don't memorize expressions about loans listen to the episode as many times as you need great now you can practice with a mini story you'll be able to go over the vocabulary we saw in the first section a mini story is very simple I give you information using phrases and then I ask you questions I recommend that you listen several times until it's easy to answer just relax and enjoy let's start Henry applies for a ten million dollar loan from money money bank does Henry apply for a loan yes Henry applies for a ten million dollar loan who's applying for a loan the bank no no the bank doesn't apply for loans the bank grants loans Henry applies for a ten million dollar loan hammer money is Henry asking for ten million dollar loan he asks for a loan of ten million dollars which bank is Henry requesting the money from at the money money bank he requests for the money in that Bank how much is the loan it's ten million dollars the loan is ten million dollars the bank examines his application and grants him the loan at ten percent interest does the bank examine his request yes the bank examines his request does the bank run the loan to Henry yes the bank grunts the loan to Henry does the bank run the loan at eight percent interest no no the bank doesn't grant the loan at eight percent interest it's granted to Henry add ten percent interest at what interest rate does the bank grand alone at 10% the bank grants the loan at 10% interest what is the bank grant alone the bank grants alone this Henry grant alone to the bank no no the other way around Henry doesn't grant a loan to the bank he receives a loan from the bank Henry withdraws all the cash and goes straight to the casino this Henry withdraw the money yes Henry withdraws all the cash what does Henry withdraw all the money Henry withdraws all the money from the bank and go straight to the casino where's Henry going with the money to the casino Henry goes to the casino where to Disneyland no no he doesn't go to Disneyland with the money Henry withdraws ten million dollars and go straight to the casino he bets all the money at the roulette wheel on red and wins this he bet only a fraction of the money no he doesn't bet only a fraction of the money he bets all the money does he gamble all the money from the loan yes he Gamble's all the money from the loan at the casino this Henry bed the money on roulette yeah Henry bets the money on the roulette wheel what color does Henry bet on red or black to red he bets all the money on red and wins does he lose no he doesn't lose he wins what a lucky guy Henry returns the entire loan and goes to live on a tropical island this Henry returned anything yes Henry returns the loan what's Henry returning the loan Henry read Delon does he return only one part of the loan no no not only one part of the loan he returns the whole loan and goes to live on a tropical island is he moving to Paris no he's not moving to Paris he is moving to a tropical island is he gonna live on an island at the North Pole no he won't live at the North Pole he's going to live on a tropical island who's gonna live on a tropical island Georgianna no Georgiana's not gonna live on a tropical island Georgiana has a lot of work and can't go to a tropical island for now it's Henry who's going to a tropical island perfect this is the end of this mini story remember to repeat it many times so you can consolidate the patterns of the English language and I don't know if you've noticed but you've answered a lot of questions with this mini story it's like talking to someone else in English and now imagine a whole story told like that it's amazing how much you can learn using this technique find out more about this effective method take action now and sign up for my free mini course go to method dot speak English podcast calm all right this episode ends right here remember to share this podcast with your friends and to leave a comment see you soon did you enjoy today's episode get the transcript now at speak English podcast.com speak English podcast.com [Music]