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Society, General Knowledge for Vocational Schools (ABU), Vocabulary, Chapter 4

Vocabulary, Chapter 4

Vocabulary, Chapter 4


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guarantee

a written agreement to repair or replace something that someone has bought if it stops working, is faulty or does not meet the specified quality

debit card

card that allows cash withdrawals and cashless payment, the charges are deducted from the account as they are made

standing order

cashless payment method with banks; the bank is instructed to regularly transfer a fixed amount of money to the same receiver

default of payment

breach of contract: the buyer does not pay the purchase price by the scheduled date