Business English Lesson – Advanced Level''''s archivePension Plan doc

Business English Lesson – Advanced Level's archive
Pension Plan
1. A non plan is a defined benefit pension plan that
is not guaranteed.

backed
insured
secured
warrantied
2. The policyholder is paying more than the cost of pure
protection during the early years of the policy — the
excess of the premiums, above the cost of pure protection,
is what builds up the savings of the policy.

account
element
portion
segment
3. This of Title is being furnished to the City of Fort
Lauderdale for use by said party in the recording of a deed
(or easement) document to be executed by insert name
relating to the properties described herein and for no other
purpose.

Affidavit
Opinion
Proof
Validation
4. Cash-settled index do not relate to a particular
number of shares; rather, the underlying instrument is
usually the value of the underlying index of stocks times a

multiplier, which is generally U.S. $100.

funds
futures
options
trackers
5. The purpose of the attached Stock form is to
transfer or change the ownership of stock; separate forms
are required for each stock certificate that has a different
format of the owner's name(s), a different CUSIP number,
or a different company name.

Assignment
Conveyance
Power
Voucher
6. After six consecutive weeks in which the closing price
has been greater than the opening price, the trend on the
Nasdaq is up, and prices are at new 4 1/2-year highs; the
importance of trend cannot be overstated, and price
is how trends get started and how they are maintained.

percolation
performance
perseverance
persistence
7. The general consensus is that research is a
naturalistic, interpretative approach concerned with
understanding the meanings which people attach to
actions, decisions, beliefs, values etc., and understanding

the mental mapping process that respondents use to
make sense of and interpret the world around them.

fundamental
holistic
intuitive
qualitative
8. value is what it would cost to buy a particular item
from a retail vendor, considering its age and condition —
for instance, to buy a car from a used car dealer, furniture
from a used furniture shop, or electronic equipment on
eBay.

Actual
Intrinsic
Purchase
Replacement
9. letter of credit is one in which the draft drawn
thereagainst is payable on presentation, while a time or
acceptance credit is one in which the draft is payable only
when the stipulated number of days after date of
acceptance has elapsed.

An inked
An instant
A sight
A simple
10. Tax accounting is a recordkeeping technique
investors can use to track the cost of each security in a
portfolio by factoring in purchase and sale dates,

corporate action events and wash sales; it provides
investors with accurate tax reporting and helps them
improve the after-tax performance of their portfolios.

base
factor
lot
return