Лекции по английскому языку для изучающих банковское и финансовое дело. Лекции по английскому языку для изучающих банковское и финансов. Составитель Н. А. Самуэльян
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part by lending money to the discount houses and in part by discounting bills for their own customers. 16 17 Questions on the text:
Vocabulary Exercises List all the forms of money mentioned in Ihe passage and match them with the following definitions: 1. A bank's unqualified guarantee to pay a specified sum to a specified individual or organization.
to a slated person or, after endorsement, lo Ihe bearer on or wilhin a staled lime after a given date. II Choose the right answer: 1. "We constantly handle coins and bills" means:
c) receive them. 2 "bills of every denomination" denote: a) bank notes of different values,
;. "both cheques and Iravcllcr's cheques are readily accepted" means:
5. "Ihe cheque will be honoured" means:
6. "a bearer" is:
c) the person offering Ihc exchange documenI and'demand ing payment. Ill Say what is true and what is false. Correct the false sentences: 1. Coins and bills of every denomination are called legal ten- der.
4. Bills of Exchange are not legal lender. 18 19
IV Using suffixes -cation, -cate, -ment, -ion, -ance, -ature, etc., give nouns which are related to the following verbs: accept prefer certify present circulate regulate denominate settle endorse signify invest sign identify stale pay transact V Using prefaces dis-, П-, in-, ir-, un-, non-, etc., give nega tives which are related to the following: accepted maturity common negotiable certified necessary honoured regular legal significant VI Combine the words listed below into meaningful two or three word expressions as possible: account bank bill circulation cashier deposit proper profit regular reserve shareholders surplus honoured investment identification legal money maturity transaction traveller work undistributed nation note participation payment discount endorsing earnings fellow VII For each of the following phrases find another one in the. text thai explains it:
H. Cashing in a Bill of Exchange before it is due for payment. 7. The bank's readiness to accept a cheque for payment. VIII Fill in the blanks with proper words or phrases: bank notes honoured bearer identification coins issued currency traveller's cheques 1. While travelling I do nol like to carry large amounts of
identification.
20 21 Active Vocabulary active account accrue (v) balance (v) cancel a cheque (v) --. compound interest credit (v) debit (v) deposit fund genuine insurance insure against (v) interest on bank credits joint account ledger liquid maturity notice outstanding IX Write sentences of your own:
10. to settle business accounts Unit Three Depositing Money with a Bank
overdraft overdraw (v) к платежу, задолженный
23 passbook per annum principal
— 1) номинал векселя 2) капитал posting rale of interest reconcile (v) commission service charge (US) term time certificate transferable .3) основной должник
) комиссионный счет
Dialogue Read Иге dialogue. Cashier: Now this is the checking account ledger. Each page * is a record of a customer's deposits and withdrawals. Student: Anclyou give a copy of this to the customer. C., Thai's right. That's hisstalemcnt, which he receives with all his cancelled checks. Then he reconciles ill with his own records. S. C. S. C. S. C. This one is a joint account, isn't it? And prelly| active. ' Yes, it is. What's this debil? That's our service charge. 1 notice an overdraft here in April. I'm afraid we've had lo remind this customer and his wife several limes lhal Ihey must keep a sufficient balance to cover all on Islanding checks. C. .• S. : C.: S. : C. S. : C. S. C. Will I have to learn lo recognize all our customers signatures. Yes, you will . Any check we cash must have a genu- ine signature. But we keep a file of them that you can refer to. Will I be doing any posting of this ledger? No, I'm afraid. Nol till you are employed in our bank. Well, suppose one has some funds on hand, I'm wondering whelher he ought lo pul them in a sa- vings account. It's a good idea, if he wants lo keep his investment fairly liquid. And he might also think of a lime de- posit. What's the difference? Well, first of all, his lime deposit is for a specified , term, bul he can make wilhdrawals from his sa- vings accounl al any lime, allhough as much as Ihirly days' nolice of wilhdrawal may be required. Do Ihey draw Ihe same rale of inlercsl? The bank pays Ihc maximum 4% per annum al ma- lurily on a one year lime certificate. Interest on a savings account accrues al the rale of 3%. How do you figure Ihc in leresl on a savings accoun I? H's compounded and credited lo Ihc account semi-anmmlly. You mean added to the principal? Yes. And we issue each customer a passbook on his savings accounl in which each deposit and with- drawal is entered. Is either type of aceounl Iransferable? Only lime certificates. Arc these deposits insured? Yes. We're a member of Ihe Federal Deposit Insur- ance Corporation. 24 25 Questions on the dialogue:
9. Which type of account is transferable? lO.How are customer's deposits protected? Text There are two general reasons for using a bank account. The first and most common is thel'onvenicncc and safety pro vided by a current account at a bank. The second is that small and perhaps regular surpluses are available to be saved, and for this purpose a bank provides deposit accounts. , A deposit account will not offer a high rale of interest and would not be the best way to save large sums of money for any long period of time, but it is designed to make saving simple, convenient and safe. II is especially appropriate for those who may save small amounts from lime to lime without any planned regularity or for those who wish to save for a particular purpose in the immediate future, for example for; annual holidays or for the purchase of a major item such as a| car. Most customers of a bank who have opened a deposil account will also have a current account and Ihis makes the transfer ol amounls of money from one lo Ihe other an easy matter. Regular payments inloade[>osit account can l>e made through a standing order lo the bank who will automatically transfer the agreed amount according lo your instructions. Other payments are made on standard forms but it is most convenienl and provides a useful record if the depositor uses a paying in book. Intcresl is calculated every^ix months and added lo the account. The rale of interest varies from time lo lime and is publicly adverlised in any bank. Because Ihe bank uses money deposited with them to lend to others it normally requires aboul seven days nolice of inlcnlion lo withdraw money from a deposit account, but unless Ihcre is a heavy demand for money Ihey arc nol likely lo insist on Ihis and cash is often immediately available to those who wish lo wilh-draw it. There is an assumption lhal such nolice was given and you would lose sevei, day's inleresl on Ihe money. The increasing need for securily and Ihe use of computers in wage payments have combined to make it more common to have a bank account than lo be without one. This kind of account is a current one and its most common use is a single regular paymenl in either a weekly wage or a monthly salary and regular payments oul to meet Ihe normal everyday expenses. Mosl payments are still made by cheque although the use, of Ihe standing order or the direct debit is becoming very common. II is normally expecled lhal a current account-will remain in balance and customers who regularly maintain an agreed minimum balance are often given Ihe services of the bank without charge. In general, however, charges are made which vary with the size of the balance, Ihe amount of use of the bank's services and Ihe number of Iransaclions. If the account is overdrawn a further charge, which is interest on the overdrawn amount, is also made. Overdrafts are not permitted automatically and anything other than a small temporary overdraft would have to be by agreement wilh the bank manager. Such a facility- is often useful particularly when there is a shorl lerm disbalance between income and cxpendilure. On the olher hand, since 26 27 4.'Compound
8. Rale of interest money in a current account does not attract interest, it is not a good idea to maintain large cash balances, these would be belter transferred to a deposit account or to an alternative form of saving. Questions on the text:
5. Why does a bank sometimes need notice of intention to withdraw money from saving accounts? b'. What is the most common use of current accounts?
Vocabulary Exercises Find proper definitions Terms Definitions 1. Debit a) I he unpaid balance or portion of a loan or investment on which the interest is figured 2. Balance 3. Overdraft
28 d) the amount which has to be paid 1'or the use of a bank's services byacur-rcnt account holder
g) figure interest on the principal plus any accrued interest h) the amount per hundred pounds which is added to the balance of a deposit account II Using the words in brackets as a guide, explain Uie meaning of the following terms:
5. slalemenl (a customer's deposits and withdrawals, a record) H. overdraft (current account, balance) 7. interest (Ihc use of money, pay for) H. nolice (one's intentions, an announcement of) 9. insurance (loss, protection against, government agency or another specializing in) III Choose the right answer: J. "a current accounl" is:
29 с) one which is used all the time for day-to-day transae| tions. 2. "a canceled cheque" means:
3. "a genuine signature" is:
4. "an outstanding cheque" means:
5. "a deposit account" is:
6. "rale of interest" is:
\ 1. "an overdraft" is: я a)an amount by which the balance in a current account exceeds the value-of a cheque drawn from it, j b) an amount by which the value of a cheque exceeds the: balance in the current account, c) an excessive balance in a current account. iv '^ •"• •• '•• ; Say ivlial is true and what is false. Correct Иге sentences: 1. The teller has to learn to recognize all customers' signa- tures.
Give verbs which correspond lo the following nouns: Verbs Nouns Assumption Debit Deposit Maturity Notice Overdraft Statement Withdrawal 30 31 VI to maintain to credit to permit to cancel to pay in Find synonyms: to debit to deposit to reconcile to sign to accrue VII Collocations.3 1 . Find llic nouns which are qualified in the text by lhe.s?\ adjectives and write one noun to each adjective: general especially most minimum regular short-term .j
2. Combine, the words listed below into meaningful two or\ three word expressions. VIII For each of the following phrases find the expression in the text or in the dialogue that explains it:
1 to protect against loss or damage Я, at the rate of 5% each year 9, an instruction to a banker to'make a payment at regular intervals 10. an instruction to a banker to make a single payment to a specified person j Ц. the amount on which the money paid for its use is calculated
IX Fill in the blanks: Mr Collins and his wife have a current account in both their names. They have a They both work and put money inlo the account. They both make Sometimes they gel mixed up about the amounts of money they have removed from their account. They gel confused about their Once or twice the amount remaining in their account has become loo low. They have had too small a The next cheque they wrole was for more money than they had in their account. They had an The only way they could restore the balance was to get a record of their deposits and withdrawals from the bank. So they asked for a They also had the cheques which had been stamped to indicate that payment had been made. They had their cheques. Then they added up Ihe cheques lhal had heen written but had not been paid by the bank ycl. They totalled their cheques. They also subtracted from 32 2 1619 33 their balance the bank charges and interest on the Fi-; nally they managed to make their records agree with the bank's statement. They their account. Unit Four Applications for Loans Demonstrate the meaning of the following expressions in sentences of your own:
34 Active Vocabulary: amortize (v) repaid by annual installments appraise (v) assets fixed assets current assets balance sheet chattel chattel mortgage (US) clear collateral security collateral debt deed 1) погашать долг в рассрочку 2) обеспечивать постепенную выплату займа выплаченный в рассрочку оценивать, определять стоимость имущество, достояние, средства; активы; фонды; капитал
35 Banker: discount ( v) encumbrance equity estate estimate (v) holding holdings indebtedness instalment legal charge liabilities liquidate (v) mortgage net value, net worth (US) obligation pledge (v) property real estate (US) retire (v) securities title trust trust deed (US) — 1) дисконт, учет векселей 2) процент скидки, станка учета|
— 1) владение акциями 2) пакет акций '— вклады, авуары — задолженность
36 Dialogue Head the dialogue. !• Application for Credit Our discount committee is still discussing your application for credit. I wonder if you'd mind gi- ving us some more information about certain items shown on your balance sheet. Customer: B. : C. : B. : C.: B. : Not at all. Is the mortgage on your fixed assets being amor- tized? Yes. We're making semi-annual payments on this obligation. Your balance sheet show some indebtedness. Are any of your assets pledged as security? No. That's just an open note. Would your company be willing to pledge part of its current assets as collateral security to our Joan? C. ; We wouldn't object to that. Part of this money will l>e used to retire present debts and part to expand our operations. Then we can immedi- ately begin to liquidate this new liability. 1 think we'd better prefer that arrangement. B. |