Banking Vocabulary Package_A
Post on 05-Dec-2014
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By: H. E. Colby,
author of Top 150 Business English Ace Vocabulary Words
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accrual accounting:
NOUN : standard form of accounting where transactions are recorded as
they occur
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accrual accounting:
Example : Most companies uses accrual accounting to manage their
finances.
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acid test
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acid test:
NOUN : current cash and “near” cash assets used to measure how much
and how quickly cash can be found if a company gets into trouble
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acid test:
Example: Klum and Klaus Donuts, Co. failed the bank’s acid test and did not
get a loan.
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book value
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book value:
NOUN : Used interchangeably with “net worth” and means the net
difference between the total assets and total liabilities of a company
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book value:
Example: The top accountant presented the book value of the company to
the government regulators.
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bridge loan
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bridge loan:
NOUN : A short-term loan to cover the purchase or construction of an asset
until permanent financing can be secured
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bridge loan:
NOUN : Buster McKinsey, a real estate maven, got a bridge loan to help
build Mykonos Tower I on Park Avenue.
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collateral
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collateral:
NOUN : An asset/security which is pledged and accepted by a bank to
support/secure a loan — (a collateral mortgage on a house)
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collateral:
Example : Roberto used his house as collateral for the business loan.
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debenture
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debenture:
NOUN : A formal written obligation of a company to pay a specified
amount on a certain date(s).
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debenture:
NOUN : Roskets Sprockets, Inc. used a debenture to get money to expand
into Latin America.
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double indemnity
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double indemnity:
NOUN : A type of insurance that pays double the principal amount if loss
occurs due to certain specified causes (e.g., accidental death).
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double indemnity:
NOUN : Roth and Baker Widgets, Co. got a double indemnity clause
inserted into their agreement with Banmoon Mansur Securities.
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Business English Ace Vocabulary Word.
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Professor Colby, author of 150 Business English Ace
Vocabulary Words, has been helping students achieve
their English language goals for many years.
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