Daily Life - Lending Money

A: Can I borrow five bucks?
B: No!
A: Come on! I’ll pay you back on Tuesday.
B: Last time I lent you money, you never paid me back.
A: I promise if you lend me five dollars today, I will repay you in full next week.
B: Ok, but I’m taking your skateboard as collateral.
A: Fine! I can’t believe you don’t trust me.
B: It’s nothing personal, just business.

Key Vocabulary

borrow
to take or have something temporarily
bucks
dollar (slang )
lend
to give something to someone temporarily
repay
pay back
trust
confident expectation of something; hope.
collateral
security pledged for the payment of a loan

Supplementary Vocabulary

barter
the act of exchanging goods for other goods
mooch
a person that is always asking to borrow money or food
loan
Something lent for temporary use
interest
a percentage added to a loan as a fee for lending money
past due
the status of a scheduled loan payment that has not been paid on time.