Online Class Notes (Nicholas)

Grammar

I open the link / I’m opening the link

can apply credit card at bank / can apply for a credit card at the bank

Vocabulary

earn points on your credit card / you can exchange your credit card points for useful things like airplane tickets, Starbucks gift cards, McDonald’s

“a record 7 million Americans…” / it’s the highest recorded number

they think the perfect of the month is too high / they think their monthly payment is too high / they think their monthly interest payment is too high

expense of their life is higher than before / their expenses are higher than before

laid off / to get fired job

to prioritize / to put something first

duress / stress or struggle or a very difficult time

e.g. When you don’t have enough money to pay your bills, you are under great duress.

distressed / 苦恼 / stressed, struggling, having a difficult time, and stressed out emotionally because of a difficult situation

delinquent / to be late in paying your loan

delinquency / the period when you are not in good standing, you haven’t been making your loan payments

price vs. cost 

e.g. A custom suit from a tailor that is really expensive vs. a suit that you buy from Taobao. The price of the Taobao suit is lower, but if you have to replace the suit every year, then this money adds up. But if you have to pay a high price for the custom suit, but you keep it for the rest of your life, the cost of the expensive suit is actually lower.

an outstanding loan / means it hasn’t been paid yet – if you still own money on the loan, the loan is outstanding

Pronunciation

federal

behind