By: H. E. Colby, author of Top 150 Business English Ace Vocabulary Words a production of businessenglishace.com
Banking Vocabulary Package_A
Dec 05, 2014
Banking Vocabulary Series-A. International Banking has its own set of terminology. Boost your knowledge of banking vocabulary with the first set of the following 7 terms, with definitions and examples: accrual accounting, acid test, book value, bridge loan, collateral, debenture, and double indemnity. Boost your business vocabulary for more success at the office! Tell your friends about this International Banking Vocabulary series!
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By: H. E. Colby,
author of Top 150 Business English Ace Vocabulary Words
a production of businessenglishace.com
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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Professor Colby, author of 150 Business English Ace
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