Financial Services Vocabulary

noun the ability, right, or permission to approach, enter, speak with, or use; admittance

verb to obtain or retrieve information or data from a storage device or system

• Employees must request access to sensitive company information through the proper channels.
• Can you help me get access to the restricted section of the library?
• I know a guy who can hook you up with VIP access to the concert.
• Education is the key that unlocks the door to success, granting you access to endless opportunities.

noun a point in time or a period of time

adverb at any point or on any occasion

• Please feel free to contact me anytime if you have any further questions.
• You can hit me up anytime if you want to hang out.
• I'm down to chill anytime, just let me know.
• His love for her was like an open door, ready to welcome her anytime.

noun a person or agency responsible for collecting unpaid bills or debts

• The bill collector called to remind me about the outstanding balance on my credit card.
• I hate when the bill collector keeps calling me about my overdue bills.
• I dodged the bill collector by pretending I wasn't home when they came knocking.
• The bill collector of life always seems to show up when you least expect it, demanding payment for past mistakes.

noun a person who has responsibility for or looks after something

adjective relating to the job or role of a custodian

• The custodian is responsible for maintaining the cleanliness of the school building.
• Hey, have you seen the custodian around? I need to ask them something.
• The custodian is the one who keeps this place looking spick and span.
• In a way, the custodian is like the guardian of the building, always watching over it and keeping it in order.

noun a word that refers to a person, place, thing, event, substance, or quality

• The insurance company denied my claim due to lack of proper documentation.
• I had to fight with the insurance company to get them to cover the damages.
• I can't believe the insurance company is trying to weasel out of paying for this.
• Dealing with the insurance company felt like navigating a maze of paperwork and bureaucracy.

noun a place where goods or services are bought and sold

adjective pertaining to or characteristic of a marketplace

• The marketplace was bustling with vendors selling a variety of goods.
• I love browsing through the marketplace for unique finds.
• Let's hit up the marketplace for some cool stuff.
• In the marketplace of ideas, diversity and creativity thrive.

noun A mutual company is a type of company that is owned by its policyholders or customers, who are also entitled to receive dividends or other benefits based on the company's profits.

• A mutual company is owned by its policyholders, who share in the profits and losses of the company.
• I heard that the insurance company down the street is a mutual company.
• My cousin works for a mutual company and he says it's pretty chill.
• In a way, a mutual company is like a big family where everyone has a stake in its success.

verb to refrain from insisting on or demanding something, often in a formal or legal setting

• The company waived the late fee for the customer due to the unusual circumstances.
• The landlord waived the pet deposit for the new tenant because they seemed trustworthy.
• I managed to get the parking ticket waived by sweet talking the officer.
• She waived her right to the inheritance in favor of her younger sibling.

noun a person's or company's portion of a customer's spending in a particular market or industry

• The company's goal is to increase their share of wallet by offering a wider range of products and services.
• If you shop at that store often, they'll probably get a bigger share of your wallet.
• I can't believe how much of my wallet that new video game took a share of.
• His charm and charisma have a way of capturing a share of people's emotional wallet.

verb to raise more than or exceed a specified amount

• The charity organization was able to outraise their fundraising goal by over $10,000.
• We really need to outraise enough money for the school trip.
• Let's see if we can outraise the competition in this year's sales contest.
• Her determination to succeed seemed to outraise any obstacles in her way.

noun a computer program designed to simulate conversation with human users, especially over the internet.

• The chatbot is programmed to respond to customer inquiries in real-time.
• I love using the chatbot on the website to get quick answers to my questions.
• The chatbot is like having a virtual assistant at your fingertips.
• Think of the chatbot as your personal digital helper, always ready to assist you.

noun A machine that dispenses cash and performs other banking services

• I need to withdraw some cash from the ATM before we go to dinner.
• I'm gonna hit up the ATM real quick to grab some money.
• I'll just swing by the ATM to get some cash, no biggie.
• She's like an ATM, always dispensing advice and support whenever I need it.

noun a person who performs accounting or bookkeeping tasks

• The accomptant provided a detailed financial report to the board of directors.
• I heard the accomptant is really good with numbers.
• I wish I had the skills to be an accomptant.
• The accomptant of the group was always the one to keep track of everyone's expenses during trips.