Business English Lesson – Advanced Level''''s archivePass-through ppt

Business English Lesson – Advanced Level's archive
Pass-through
1. The most common type of pass-through is a mortgage-
certificate, where homeowners' payments pass from
the original bank through a government agency or
investment bank to investors.

backed
based
conveyed
covered
2. A 'limited partner', who is prohibited from taking part in
management and has no liability for debts beyond his/her
investment, is a true partner; however, without a
limited partnership agreement, s/he is responsible for the
debts of the partnership as a general partner.

passive
pillow
secret
silent
3. Multiple listing of equity options that were already being
traded as of January 20, 1990, was phased in over a
period of time ending in late 1994; thus, by the end of
1994, each option could list any equity option class.

chain
exchange
floor
trader
4. The legal requirements will usually pose no problem,

but the lack of a market minimizes the enthusiasm for and
utility value of the non stock option plan; still, it
offers the most flexibility for the owner-management of a
private company to select key personnel and option
pricing arrangements to suit management objectives.

aligned
profit
qualified
refundable
5. MIND C.T.I. Ltd, a leading provider of convergent end-
to-end billing and customer care product based solutions
for carriers worldwide, today announced the record date
and date of the previously declared and announced
cash dividend of $0.20 per share.

disbursement
payment
remittance
settlement
6. When this provision is in a lease, a landlord has the
power to collect the maximum rent allowed under
regulations in effect at the time; the clause provides
that if the regulations are altered during the time of the
lease, the tenant must pay the new fee computed
pursuant to the revised regulations.

balloon
escalator
kiting

parachute
7. With a option, usually the underlying and strike
price currency is the foreign one and the currency in which
the derivative pays out is domestic, calculated as the
option's intrinsic value; this type of investment is paid at a
fixed exchange rate, protecting the investor from
fluctuations.

bermuda
chameleon
quanto
vanilla
8. reserves must be held in the form of vault cash
and if vault cash is insufficient, also in the form of a
deposit with a Federal Reserve Bank; an institution that is
not a member of the FRS can maintain that deposit
directly with a Reserve Bank or with another institution in a
pass-through relationship.

Anticipated
Demand
Limit
Required
9. I look for a to-cash-flow ratio of less than 15 for a
large company that can't grow rapidly; for smaller
companies, I look at things in more detail because many
small companies can go from a dramatic loss to excellent
cash flow in one year if they are adding customers without
raising costs too badly.

asset
equity
price
growth
10. Companies often their stock when they believe
the price of their stock exceeds the amount smaller
individual investors would be willing to pay for the stock:
by reducing the price of the stock, companies try to make
their stock more affordable to these investors.

devalue
pad
reissue
split