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Types of Money | @IELTS_8 Donation = money given as a char | BOSTON_SCHOOL

Types of Money | @IELTS_8

Donation = money given as a charity

Salary = paid per month/year

Fee = Payment for a service

Debt = money owed

Loan = money lent (with interest)

Fine = Financial Penalty

Tax = Compulsory contribution to state revenue from one's income.

Ransom = money demanded to release somebody

Allowance = Children's pocket money

Dowry = bride's money or goods

Alimony = marriage allowance after divorce

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