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| 1. bid | a) A proportion of the total share capital of a company. |
| 2. buyout | b) Buying a majority of the shares in a company, and so winning control over the company. |
| 3. competitor | c) Joining together of the stock of two companies, so they become part of the same company. |
| 4. divestiture | d) The total equity capital of a company, held by shareholders in the form of shares. |
| 5. flotation | e) An offer to buy part of the share capital of a company. |
| 6. joint venture | f) A company which owns more than 50% of the shares in another company. |
| 7. merger | g) The relationship between two companies, both owned by the same parent company. |
| 8. parent company | h) Selling equity capital in a company, and so ending ownership of the company. |
| 9. stake | i) A situation where workers or management buy all the equity (or more than 50%), or buy other assets, and so gain control of a business. |
| 10. sister company | j) A business which is trying to sell in the same market as another business. |
| 11. stock | k) The open sale to private investors of shares in a company on the Stock Exchange. |
| 12. takeover | l) A temporary arrangement where two companies work together for a particular project. |
1. пропозиція
2. викуп
3. конкурент
4. викриття
5. плавання
6. спільне підприємство
7. злиття
8. компанія-засновник
9. частка
10. дочірня компанія
11. запас
12. поглинання
1. She ____ because she had been offered a better job.
a) resigned b) sacked
c) fired d) dismissed
2. The agreement will ____ trade between our countries.
a) increase b) inflate
c) add up d) exaggerate
3. Please do not ____ to contact our office in case of any difficulties. We are always ready to help.
a) hesitate b) delay
c) stop d) expect
4. If business has been good, the staff get a ____ at the end of the year.
a) notice b) bonus
c) fund d) deposit
5. He drew all his money ____ the bank before he left.
a) of b) off
c) out of d) to
6. Where can I get a good rate of ____ for my money?
a) credit b) interest
c) debt d) bargain
bookkeepinginterest net
creditordividend
1. The money paid to shareholders out of a company’s profits is the ______.
2. Recording financial transactions is ________.
3. A company’s turnover after the cost of sales, tax, rent and other liabilities are deducted is it’s ____ profit.
4. The sum of money paid by a borrower to a lender for the use of the lender’s money is the ____ on the loan.
5. A person or organization that owes money is a ____.
- recurrent expenditure;
- national revenue;
- unit trust;
- mutual savings bank;
- real estate;
- mortage.
THE BANKS ASSETS
AND LIABILITIES
To understand how a bank operates, first we need to examine its balance sheet, a list of the bank's assets and liabilities. As the name implies, this list balances, that is, it has the characteristic that
total assets = total liabilities + capital
Furthermore, a bank's balance sheet lists sources of bank funds (liabilities) and uses to which they are put (assets). Banks obtain funds by borrowing and by issuing other liabilities such as deposits. They then use these funds to acquire assets such as securities and loans. Banks make profits by charging an interest rate on their holdings of securities and loans that is higher than the expenses on their liabilities.
The assets (uses of funds) of commercial banks include reserves, cash in process of collection, deposits at other banks, securities (government, state and local government and other securities), loans (commercial and industrial, real estate, consumer, interbank), and other assets (for example, physical capital).
The liabilities (sources of funds) of commercial banks include checkable deposits, non-transaction deposits (savings deposits, small-denomination -less than $100,000 - time deposits, large-denomination time deposits), borrowings, and bank capital.
b) Answer the following questions:
1. What do we need to understand how a bank operates?
2. In what way do banks make profits?
3. What do the assets of commercial banks include?
4. What do liabilities of commercial banks include?
6. Translate into English:
1. Він сказав, що ці умови не передбачені в контракті.
2. Вони з’ясували, що їм довелося понести значні збитки у зв’язку з помилкою обладнання.
3. В порівнянні з минулим роком випуск усіх товарів значно скоротився.
4. Ми зробили тільки приблизний підрахунок наших витрат, але сума є занадто велика, та нам доведеться скоротити їх.
5. Фірма повідомила, що фактично товар було відвантажено в термін, передбачений контрактом і вони не вважають себе відповідальними за затримку в постачанні.
6. Фірма запевнила своїх клієнтів, що всі розрахунки будуть закінчені в термін, який було обговорено в контракті.
7. What would motivate you in a job? Put the following list in your order of preference:
- the kind of work you do;
- the freedom to act on your own initiative;
- a sense of achievement;
- the opportunity to be creative;
- the chance to travel;
- prestige;
- a high salary;
- financial security;
- other things (which?).
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