English Language Tests-Intermediate level's archive
Business buzzwords: Unethical investment
1. Unlike socially responsible investors who hold strong
convictions against stocks, socially irresponsible
investors, in their focus on making significant returns, are
indifferent to the unethical actions of corporations.
dirty
draconic
sinful
sodomitic
2. On February 25, 1862, Congress passed the first Legal
Tender Act, which authorized the printing of $150 million in
Treasury notes; these bills were printed on only one side
and soon became known as ' ', and they proved to be
universally popular and remarkably sound.
greenbacks
sawbucks
simoleons
wampum
3. The best way to profit from the trend is to swap back
and forth from silver to gold with the rise and fall in the
gold/silver ratio; that strategy will convert a
investment into one that pays dividends, and possibly
double the ounces you own over the life of the bull market.
stable
stagnant
sterile
sterling
4. Smurfit Kappa, Europe's largest cardboard box
manufacturer, defied stock market jitters to open at a 6
percent premium to its initial public offering price; the
shares yesterday traded at 17.50 in the market
ahead of its official listing next Tuesday.
grey
insider
off
shadow
5. Bache & Co. offers only a 25% reduction to
traders who are willing to make at least two transactions-
one buy and one sell-in any 35-day period, and the cut
applies only to the second trade, while most brokerage
houses still charge about the same fees as before on
small trades on a take-it-or-leave-it basis.
come-and-go
in-and-out
on-and-off
up-and-down
6. Like so many others who tried to the tide of the
oncoming Depression, Overton made some injudicious
and even some unsavory investments; he lost a chunk of
his business empire as he fought off bankruptcy, but
managed to weather the storm and lived out his final years
in financial comfort.
catch
halt
stem
turn
7. In an open lease, you run the risk of owing extra
money depending on the value of the property when you
return it; this payment is often called a 'balloon payment'.
case
door
end
face
8. Using pricing, the producer-processor starts with
the sales price of the processed gas or products, and then
subtracts certain costs (such as capital, operating,
processing, taxes and transportation) to determine value
of the gas when production is complete.
crack spread
netback
well head
wildcat
9. Banks surged 3.21 percent, Leasing soared 8.0
percent, Industrials were 0.84 percent up, Construction
ended 2.83 percent higher, Miscellaneous rose 1.05
percent, Holding jumped 3.66 percent, but Insurance and
Investment the trend to end 0.56 and 0.85 percent
down respectively.
backed
bucked
stalled
stilled
10. The rumor of the weekend, of course, was that Cisco
was hanging out in Finland kicking the on a huge
potential merger with Nokia, but it seems unlikely that
Nokia would ever agree to such a deal unless the asking
price is too good to be true.
bucket
dust
habit
tires