English Language Tests-Intermediate level's archive
Business buzzwords: The best valuator
1. We believe that owner/managers are the best valuators
of their business, so when one is willing to trigger a
clause, the best indication of value has been given — an
insider has declared his price, and we're ready to respond
quickly: we can close transactions in less than 5 days of
first making contact.
beartrap
buyout
shotgun
suicide
2. Moral is the risk that the presence of a contract
will affect on the behavior of one or more parties; the
classic example is in the insurance industry, where
coverage against a loss might increase the risk-taking
behavior of the insured.
endangerment
hazard
jeopardy
peril
3. Processing (STP), a solution that automates the
end-to-end processing of transactions for all financial
instruments from initiation to resolution, is set to
revolutionize the financial industry; it will streamline back
office activities, leading to reduced failures, lower risks,
and significantly lower costs per transaction.
Safe Tape
Short Transfer
Single Time
Straight Through
4. To complain about abusive callers, write down
the name of the caller, the name of the firm, the date and
time of the call or calls, what the caller said to you, and
what you said to the caller; you can send your complaint to
either the SEC or your state's securities regulator.
cold
crank
joke
junk
5. A market dominated by program trading offers lots of
sharp, short-term volatility but not much in the way of long-
term direction, and the short is well-suited to this
kind of volatility, resting as it does on reading the bets that
short sellers are making that specific stocks will fall and
then buying the very stocks that the shorts are selling.
squeak
squeeze
squelch
squint
6. The two greatest traders that ever lived, Bertram J.
Seligman and Jesse Livermore, taught that a successful
manipulation must always be in the direction that the
market wants to take; any other manipulation not only
fails, but will also create a market that goes further
in the direction of its intention than it would have gone in
the first place.
coiled
rebound
sprung
wound
7. When a market order arrives, the NYSE specialist can
offer a price one tick better than the limit orders on the
book and trade for his own account; alternatively, the
specialist can ' ' the market order, which means he
guarantees execution at the current quote but provides the
possibility of price improvement.
mark
match
stall
stop
8. Commodity markets are beginning to show early signs
of inflationary trends: the Producer Price Index for October
showed the largest gain in 22 months, and in addition to
the in producer prices, the Commodity Research
Bureau Index (CRB) has surged 11% since July.
balloon
bloat
bubble
bulge
9. Prudential's new chief executive Mark Tucker is to
receive a hello of almost 500,000; Tucker, who was
poached from his position as finance director at retail bank
HBOS earlier this year, will be paid a special guaranteed
bonus of 475,000, which the Prudential declared is a 'one-
off'.
golden
hearty
hefty
mellow
10. The three traders were accused of the long-forbidden
practice of ' ', where a broker takes a customer's
order to buy or sell soybeans or other commodities but,
instead of making the transaction on the open market, the
trader arranges a private rigged deal that can bring him an
illegal profit.
backstabbing
barricading
browbeating
bucketing