Vocabulary Notes

Financial intermediary – фінансовий посередник

Ultimate – безпосередній

Finance house – фінансовий дім (Великобританія)

Unit trust – пайовий інвестиційний фонд (Великобританія)

Building society – будівельне товариство

Assets – активи

Liabilities – зобов’язання

To acquire – придбати, здобувати

Savings and loan association – кредитно-ощадна асоціація

Mutual savings bank – взаємно-ощадний банк

Money market mutual fund – інвестиційний фонд відкритого типу, що вкладає кошти тільки в короткотермінові зобов’язання грошового ринку

Credit union – кредитна спілка

Demand deposit – депозит до запитання; безстроковий вклад; поточний рахунок

NOW account (negotiable of withdrawal account) – рахунок НАУ, рахунок з обіговим наказом про вилучення коштів

Mortgage – застава, іпотека

Money market deposit accounts – депозитний рахунок грошового ринку

Transactions account – поточний рахунок, короткотерміновий депозит

Annuity – рента

Real estate – нерухомість, нерухоме майно

CD (certificate of deposit) – депозитний сертифікат

Treasury bill – казначейський вексель

To diversify – урізноманітнювати

Incorporated – зареєстрований як корпорація

To blur – робити нечітким

Federal Savings and Loan Insurance Corporation – Федеральна корпорація зі страхування рахунків в кредитно-ощадних асоціаціях

Liquidity ratio – коефіцієнт ліквідності

Reserve ratio – норма резервів

To impose – нав’язувати

Fraternal order – товариство (часто таємне)

Eligible – бажаний, підходящий

Deregulation – припинення регулювання

Thrift institution – ощадна установа

Assurance – страхування життя

Casualty – аварія, нещасний випадок

Premium – страхова премія

Actuarial – страховий, актуарний

To predict – передбачати

Beneficiary – бенефіціар; особа, що одержує пенсію/ренту/страхову премію

Theft – крадіжка

Collision – зіткнення

Burglary – нічні крадіжка зі зламом

Akin – схожий, споріднений

Exercises

1. Answer the following questions:

1. What is the role of financial institutions?

2. What kinds of financial institutions do you know?

3. What types of assets and liabilities are acquired by:

• commercial banks?

• savings associations?

• mutual savings banks?

• credit unions?

• Insurance companies?

• pension and retirement funds?

• money market mutual funds?

2. What's What in Finance? Match each word on the left with the correct definition on the right (a-o)

1. pension				a) Something that the government collects and no one likes to pay
2. bank				b) Where you go to borrow money or get cash
3. tax				c) How you are charged for borrowing money
4. dividends				d) How you can pay to buy a house, unless you can pay for it in a single payment
5. shares				e) A type of investment made by a company when buying equipment
6. inflation				f) What, in financial terms, a business hopes to make
7.bankrupty				g) What a company has to prepare every year for presentation to its owners and to the relevant authorities
8. capital spending				h) A situation where a company does not have enough money or property to pay its SSB debts, and so the company closes
9. profit				i) The total amount of sales in a year
10. interest				j) Rising prices, rising costs and rising wages in an economy
11.assets				k) What you buy if you invest money in a company
12.turnover				1) Individuals who invest their money in a company hope to receive these regularly
13. liabilities				m) When you are old, you hope to have one of these
14. accounts				n) The name for all the property, equipment, investments and money owned by a company (or individual)
15. mortgage				o) The name for everything that a company owes

3. Finance I. Choose the best alternative from the box below to complete the sentences.

1.	a) Workers	b) Directors	c) Control	d)Complaint
2.	a) individual	b) usury	c)cooperative	d) venture
3.	a) return	b) market	c)loss	d) rate
4.	a) gain	b) taxation	c) investment	d) risk
5.	a) fixed	b) contribution	c) communication	d) variable
6.	a) fixed	b) contribution	c) communication	d) variable
7.	a) market managers	b) cash flow	c) production lines	d) competitors
8.	a) profit and loss	b) volume	c) savings	d) shareholders
9.	a) goods	b) accounts	c) shares	d) securities
10..	a) tariff companies	b) claim forms	c) insurance adjusters	d) brokers
11.	a) statement and invoices	b) bonds and bills	c) stocks and shares	d) bulls and bears
12.	a) management buyout	b) merger	c) takeover bid	d) dawn raid

1. The Board of _ is responsible for deciding on and controlling the strategy of a corporation or company.

2. Small businesses depend on investors providing _ capital.

3. Investors are influenced by the projected _ on their capital.

4. The capital needed to run a business is provided by __.

5. Rent and rates, which do not change as turnover volume changes, make up the _ costs of a company

6. Materials and direct labour costs, which change as turnover volume changes, make up the _ costs of a company.

7. Every company must watch its_ carefully if it is to avoid bankruptcy.

8. The _ account shows whether the company is profitable or not.

9. Banks require _ to guarantee a loan.

10. Insurance companies may also use _ to negotiate the amount of insurance to be paid.

11. The Stock Exchange deals with the purchase and sale of _.

12. An individual or a company buying a block of shares in another company to give itself a majority shareholding is making a _.

4. Finance II. Choose from the words in the box to complete the definitions.

bookkeeping	interest	creditor	company
profit	current	capital	net
shares	debtor	dividend	statement

1. Recording financial transactions is _.

2. A legal organization, formally registered in one of three ways, and having a independent of its members, is a ___.

3. A person or organization that owes money is a _.

4. A person or organization to whom money is owed is a __.

5. The assets, including cash, debtors and stocks used in a company's trading, available at the present moment, are its _ assets.

6. The equal parts into which the ownership of a company is divided are its _.

7. The money paid to shareholders out of a company's profits is the_.

8. A company's turnover, less its cost of sales, is its gross _.

9. A company's turnover after the cost of sales, tax, rent and other liabilities are deducted is its ___ profit.

10. The sum of money paid by a borrower to a lender for the use of the lender's money is the __ on the loan.

11. The document sent to the debtor by the creditor, showing how much is owed and for what is the ___ of account.

12. The shareholders’ investment in a company is the share _.