Business English Lesson – Advanced Level''''s archiveMoney System potx

Business English Lesson – Advanced Level's archive
Money System
1. In a money system, money is not backed by a
physical commodity like gold; instead, the only thing that
gives the money value is its relative scarcity and the faith
placed in it by the people that use it.

barter
fiat
paper
tender
2. The U. S. federal securities laws require publicly traded
companies to disclose information on an ongoing basis;
the annual report on Form provides a
comprehensive overview of the company's business and
financial condition and includes audited financial
statements.

8-K
8-Q
10-K
10-Q
3. Germany's Heidelberg Cement has attempted to shut
out any rivals for its 8 billion takeover of Hanson by
mounting a raid that increased its controlling stake
to more than 29 per cent; traders at Deutsche Bank spent
1.4 billion buying 125.63 million Hanson shares in the
open market at 1,100p.

dawn
dusk

midnight
night
4. We are selling the A model, which cost us under
$20,000 apiece, to the Saudis for B model prices, about
$46,000 apiece, in order to develop the C model; this type
of back financing avoids the Congressional
authorization process and provides the Pentagon with an
additional source of revenue.

door
hand
lot
room
5. Suppose the interest cost on ICICI's DDB is 15 per cent;
a non-refunding provision would prevent ICICI from
offering new bonds at an interest rate of less than 15 per
cent and using the proceeds to redeem the DDBs, and
thus helps investors lower their risk.

call
flow
short
term
6. Out of the three major American stock exchanges,
is known to have the most liberal policies
concerning company listing, as most of its companies are
generally smaller; it also specialises in the trading of ETFs
and hybrid/structured securities.

AMEX

CME
NASDAQ
NYSE
7. A coupon bond is a bond whose coupon rate
equals going market rates and consequently sells at or
near par.

current
full
set
zero
8. is very closely related to operating profit and often
the same; it may include some profits or losses that are
excluded from operating profit.

EBIT
EBT
GI
NI
9. Technically speaking, amounts to the
characterization of an expense as having been necessary
to the production of a product or delivery of a service; in
other words, of all the expenses your business will incur in
a given month, some of those expenses will go into this
category and some will stay in the category of normal
operating expenses.

(a)
COGS
FICO

FIFO
10. Typically, an investment banking nowadays
provides world-wide, either in divisions of the bank or in
associated companies, corporate finance and advisory
work, normally in connection with new issues of securities
for raising finance, take-overs, mergers and acquisitions.

co-op
group
syndicate
venture