Business English Lesson – Advanced Level''''s archiveAccounting for Depreciation pot

Business English Lesson – Advanced Level's archive
Accounting for Depreciation
1. Depreciation represents the expense related to
the fixed assets still carried on the books of the company;
sometimes the term 'reserve for depreciation' is used.

Accumulated
Acquired
Consolidated
Cumulative
2. A firm buying stock seldom had sufficient money
balances to complete the required payments; instead it
relied on its bank for loans, but as NYSE volume
grew, banks and their regulators became alarmed at the
amount of credit being extended to support securities
transactions.

day
drop
short
spot
3. Many futures contract months of the same commodity
trade simultaneously on the market, sometimes even
years into the future; the contracts other than the current
one are called the months, even though they are for
future months.

back
front
last
past

4. A swaption gives the buyer the right to receive
the swap's fixed rate of interest and pay the floating rate of
interest; this is a bullish position in bonds, as you profit if
rates fall in the future.

call
put
rate
take
5. Reconciling to the General Ledger boils down to
making sure you know what you owe and what you don't
— it's crucial for maintaining business health; it is a
fundamental task that can reduce working capital needs
and minimize bank borrowings, but it can be a labor-
intensive process.

assets
bad debts
cash flow
payables
6. It is the consensus of the committee that all banking
institutions are capable of providing the basic treasury
management and banking services requested; some
banks require a smaller balance for no fee services,
but their interest rates are adjusted to offset any significant
difference in cost.

affirmative
compensating
positive

stabilizing
7. An employee stock plan gives you the right to buy
a certain number of shares of your employer's stock at a
stated price over a certain period of time; often, the shares
'vest' over a period of several years, meaning that some
fraction of the shares can be exercised in the first year,
another fraction in the second year, etc.

occupational
opportunity
optimum
option
8. Section 1035 of the IRS Code allows the movement of
non-qualified monies from certain financial products to
others without an income tax consequence; this 1035
allows non-qualified monies from an annuity to
move to another annuity, or from a life insurance policy to
another life insurance policy.

Conversion
Exchange
Rule
Transfer
9. In the case of market orders in the active bonds, whose
prices are reported on the right side of the quotation
board, the broker after noting the latest price on the board,
goes directly to the bond and effects a sale at the
most favorable bid or asked price he can obtain.

box

crowd
floor
quarter
10. Descending are a bearish indication formed
when a stock begins a downward trend and makes
successively lower lows as it declines.

bottoms
elevators
flights
stairs