Business English Lesson – Advanced Level''''s archivePayable on Demand pps

Business English Lesson – Advanced Level's archive
Payable on Demand
1. The draft is most commonly used in international
trade; payment is on demand or on presentation of
negotiation documents to the paying bank or importer,
although in practice, the bank may pay within three
working days after receipt and review of the negotiation
documents.

charge
cheque
sight
straight
2. FAST serves as Agent and Registrar, performing
the functions of original issue, cancellation and reissuance
of stock certificates; we utilize a state of the art computer
system, which is specifically designed to handle high-
volume transfers and provide up-to-date shareholder
records.

a Control
an Investor
a Repository
a Transfer
3. The balance on a card account is payable in full
when the statement is received and cannot be rolled over
from one billing to the next; because you cannot carry a
balance, the card doesn't have a periodic or annual
percentage rate, so there is no rate for a card issuer to
disclose.

debit
cash
charge
credit
4. The big manufacturers of telecom equipment don't want
to see part of their potential market shrivel up and die, so
they're leaping into the vacuum left by the capital markets
and committing billions in financing for equipment to
shore up cash-strapped service providers.

merchandiser
supplier
vendor
wholesaler
5. A 403(b) plan is a retirement plan similar to a 401(k)
plan, but one which is offered by organizations.

multinational
non-profit
private
unincorporated
6. Also known as liquidation (converting assets into
money) or a straight bankruptcy, 7 Bankruptcy is the
most common form of bankruptcy filing; under this part of
the Code, all non-exempt property of the debtor is sold
and the proceeds of the same are distributed to the
creditors.

Act
Chapter

Paragraph
Section
7. If your total losses exceeded your gains, then the
remaining amount can be applied in later years at a clip of
$3,000 per year, for as long as you live or until they expire;
what you have with these old losses is a particularly
gruesome kind of asset — the tax loss

callback
carryforward
offset
update
8. The Federal Market Committee decided to keep
its target for the federal funds rate at 5-1/4 percent; its
predominant policy concern remains the risk that inflation
will fail to moderate as expected, and future policy
adjustments will depend on the evolution of the outlook for
both inflation and economic growth.

Economic
Investment
Open
Reserve
9. A widely used approach for calculating hedge ratios for
Treasury futures contracts assumes that the contract will
be settled with the currently cheapest-to-deliver note or
bond; with that single-deliverable assumption, the futures'
PVBP (price value of a point) is the converted,
forward PVBP of $100,000 par of the cheapest to deliver.

basal
base
basic
basis
10. In deciding which risks to take on, you should weigh
opportunities against the downside; one standard measure
of return on risk is the ratio, named after the Nobel
Laureate professor and calculated using standard
deviation and excess return to determine reward per unit
of risk.

Markowitz
Miller
Schelling
Sharpe