Australian English dictionary

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• tap and go

  phrase

  Paying by holding a card or phone near the card reader, without inserting the card.

  Just tap and go for purchases under the limit.

• term deposit

  noun

  Money kept in a bank for a fixed period at a fixed interest rate.

  They put their bonus into a six-month term deposit.

• transaction account

  noun

  An everyday bank account used for receiving pay and paying bills.

  Have your wages paid into a transaction account.