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Liability, n. the state of being liable: liability to pay taxes; liability for military service; liability to disease; criminal liability; united liability company.

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Syn. responsibility, accountability; duty, obligation

 

EXERCISES

 

Exercise 1. Consult a dictionary and transcribe the following words.

finance cost price legislation

existence require external

money budget internal

income expenses liability

autonomous unified structure

 

Exercise 2. Find in the text international words and translate them into Ukrainian.

Exercise 3. Study the Vocabulary Notes and translate them into Ukrainian.

Exercise 4. Select the word or word combination best suited to the context. Use the Reference List.

Reference List

Financial financial centres money

Legislation violation payment

Legal entities (2) liability financial law

1. … appeared on the verge of state and administrative law.

2. An authoritative method of state’s influence on … of legal and … relations is used in financial law.

3. Don’t admit … for the accident.

4. Civil law is a statutory regulation of legal relations between legally equal persons and … in such principal areas as property, obligation, family law and inheritance.

5. London, New York and Tokyo arethe greatest world … centres.

 

Exercise 5. Find the sentences in the text containing the word combinations and phrases given below. Translate them into Ukrainian. Make up sentences with these word combinations.

economic categoryfinancial system

money relations budgetary system

income legal norms

financial activity financial legislation

social relations unified legal system

 

Exercise 6. Match the words and their definitions.

payment - coins stamped from metal, printed notes, given

accepted when buying and selling

 

income - estimate of probable future income and

expenditure, esp. that made by a government

 

money - sum of money to be paid

 

cost price - money received during a given period (as salary,

receipts from trade, interest from investments, etc.)

 

budget - estimate of the price to be charged for an article

based on the expense of producing it

 

Exercise 7. Find Ukrainian equivalents to the following words and word combinations.

1. legal entity 1. витрати

2. financial legislation 2. розподіл

3. criminal liability 3. правові норми

4. violation 4. самостійний

5. expenses 5. застосовувати санкції

6. money relations 6. юридична особа (суб’єкт)

7. social relations 7. вимагати

8. financial activity 8. суспільні відносини

9. to apply sanctions 9. кримінальна відповідальність

10. unified legal system 10. фінансове законодавство

11. грошові відносини

12. єдина правова система

13. здійснення

14. порушення

15. фінансова діяльність

 




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GLOSSARY | VOCABULARY NOTES | Kidnapping offender criminal criminal law | GLOSSARY | Exercise 12. Read the text. Choose the best answers. | GLOSSARY | GLOSSARY | INTERNATIONAL LAW | GLOSSARY | Exercise 9. Match the pairs of synonyms. |


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