Exam: TOEIC

Definition: A person or business that lends money to people in exchange for personal items that are kept as security until the loan is paid back.

Example: She took her grandmother's jewelry to the pawnbroker to get some quick cash.

Definition: The activity of lending money in exchange for personal items that can be sold if the loan is not paid back.

Example: He started a pawnbroking business to help people get quick cash for their valuables.

Definition: A person who gives an item to a pawnbroker in exchange for money, with the item held as collateral until the money is repaid.

Example: The pawner left his watch at the shop to get some quick cash.

Definition: A store where people can buy or sell items, often valuable, and where items can be given as collateral for loans.

Example: I went to the pawnshop to see if I could sell my old guitar.

Definition: Relating to money that is given or received for work or services.

Example: The pay rate for this job is higher than average.

Definition: Money that is given to someone for work they have done or for services they have provided.

Example: The pay for this job is higher than I expected.

Definition: To give money to someone for goods or services, or to settle a debt or obligation.

Example: I need to pay the rent by the end of the month.

Definition: Something that needs to be paid or is due for payment.

Example: The invoice is payable within 30 days.

Definition: Money that is owed to someone, usually a creditor or supplier. It often refers to amounts that need to be paid in the future.

Example: The company has many payables that need to be settled by the end of the month.

Definition: The amount of money or benefit received as a result of a previous action or investment.

Example: The payback from the project was much higher than we expected.

Definition: A document that shows the amount of money an employer pays to an employee for their work, usually issued regularly.

Example: I received my paycheck in the mail today.

Definition: A specific day when employees receive their wages or salary.

Example: Many people look forward to payday because it means they can pay their bills and enjoy some leisure activities.

Definition: A person or organization that receives money that is paid to them.

Example: The payee must sign the check before cashing it.