Different Terms for Money

Learn the different terms used for money in various contexts with this informative video lesson.

Money is a universal concept, but its terminology changes depending on the context. This video lesson helps you understand 5 different terms used for money in English.

• Fee: When you pay for a service, such as a lawyer or doctor. Example: "The lawyer's fee is quite high".
• Fine: When you pay a penalty for doing something illegal. Example: "He had to pay a fine for speeding".
• Fare: When you pay for transportation. Example: "The bus fare is $2.50".
• Rent: When you pay for accommodation. Example: "She pays $800 in rent each month".
• Tuition: When you pay for education. Example: "The tuition for the semester is $5,000".

By mastering these terms for money, you’ll enhance your English vocabulary and be better prepared for various situations involving payments.