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English Language Proficiency Tests-Advanced Level's
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Real Life: Banking (3)
1.A period of is an additional time period granted by
a lender that gives the borrower more time to make a
regular payment on a loan without incurring any penalties.
grace
credit
lending
loan
2.In the United States, a plan allows a person to
save for his/her retirement. With this type of plan, a person
can postpone paying income taxes on the amount
invested until a withdrawal is made during his/her
retirement years.
test
future
401K
shareholders
3.A home loan is a loan that is secured by property
but only to the point of fair market value minus the debt
acquired in the deal.
equity
assurance
goods
possession
4.The amount on a loan is the original amount that
was borrowed. Interest rates are calculated from this