Business English Lesson – Advanced Level''''s archiveComptroller General ppsx

Business English Lesson – Advanced Level's archive
Comptroller General
1. The head of the is David M. Walker, Comptroller
General of the United States, who was appointed October
1998 and whose term of office expires in October 2013.

CBO
FDIC
GAO
SEC
2. The Investment Company Act of regulates the
organization of companies, including mutual funds, that
engage primarily in investing, reinvesting, and trading in
securities, and whose own securities are offered to the
investing public.

1933
1934
1939
1940
3. NASD , Inc. advised member firms to amend their
historical performance communications to add either
updated performance figures or clear disclosure that
current performance is less than the figures shown when a
security experiences an 'abrupt negative change in
performance'.

Audit
Regulation
Reportage
Securities

4. It was, say federal regulators, a classic case of
fraud: Brazilian-Americans in the Boston area peddled
dubious investments to other Brazilian-Americans in part
by appealing to their common heritage and religion.

affinity
compatriot
fraternity
patriotic
5. Form is a quarterly report filed with the US
Securities and Exchange Commission that includes
unaudited financial statements and provides a continuing
view of the company's financial position during the year; it
must be filed for each of the first three quarters of the
company's fiscal year.

3-Q
4-Q
10-Q
12-Q
6. This written policy outlines the proper procedures for
requesting records from the Pennsylvania State Police
(PSP) under Pennsylvania's Right-to Law, 65 P.S.
66.1-66.9.

Justice
Know
Protest
Representation
7. The Bureau of the Public Debt announced today that

Series Savings Bonds would no longer be offered to
the public after August 31, 2004; issued since 1980, they
were available in exchange for Series E or EE bonds and
paid interest to their owners semiannually.

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8. A Victim Statement can be written or oral, and not
only provides the court with essential data which leads to
appropriate sentences and suitable restitution, but also
allows the victim to articulate the pain, anguish, and
financial devastation the crime has caused.

Impact
Implication
Indictment
Injury
9. We examine the impact of instalment receipts trading
on the underlying stocks' volatility; IRs are a security
that evidences the purchase of an underlying security on
an instalment basis, and they have been used to facilitate
large secondary stock offerings in Canada.

daughter
derivative
sibling
subordinate
10. The rationale for imposing liability on the trusts

that hold securitized predatory loans is compelling when it
comes to foreclosures: if a securitized trust, not the
original lender, is the one seeking foreclosure, the holder-
in-due-course rule prevents the borrower from asserting
defenses based on wrongdoing at origination.

assignee
lendee
referee
trustee