Business English Week 5
Terms
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- to mortgage, to pledge stock, etc. as security for a loan
- hypothecate
- an unattended banking station that pays cash from, or receives deposits into, an account upon use by the account holder of a bank-issued card
- automated teller (ATM)
- the gradual reduction of a debt by means of equal periodic payments to meet current interest and principal
- amorizat
- an asset which has no substance or physical body such as patent rights
- intangible asset
- the inability to pay one's debit as they mature
- insolvency
- the rate of return on teh best investment available as an alternative to the use to which the capital involved was actually put
- opportunity cost
- the lowest interest rate on business loans, available only to a bank's largest customers
- prime rate
- a final loan payment which is larger than the preceeding regular payments
- balloon payment
- indebtedness, usually in long-term obligations, which is unsecured
- debenture
- the difference between the market value of collateral pledged to secure a loan and the face value of the loan
- margin
- a system which enables a bank to make a depositors payments without the use of personal checks
- electronic funds transfer (EFT)
- a gift of personal property made by a decedent in a will
- legacy
- a check, draft, etc. which is written promise to pay a stated sum of money, signed by the maker an dpayable on demand to the owner
- negotiable instrument
- a written agreement setting up the allocation of funds or securities by a giver to a third party for the eventual benefit of a second party
- escrow
- a written promise to pay a stated sum of money at the end of a specified period of time to a named party
- promissory note
- a legal withdrawl of the right of a mortgager to redeem his or her own property
- foreclosure
- a loan on a borrowers signature, requiring no collateral
- unsecured loan
- an individual or association to whom property is given to hold in trust
- fiduciary
- the excess of current assets over current liabilities, representing the capital immediately available for continued operations of a business
- working capital
- to discharge or pay off an indebtedness; also to convert assets into cash
- liquidate
- interest paid both on money borrowed and on interest initally added to it
- compound interest
- stocks, bonds, and otehr marketable properties which a borrower pledges as security for a loan
- collateral
- a check drawn by a bank on funds deposited to its account in another bank
- bank draft
- a collective term for amounts invested in capital, fixed assets, or long-term securities as contrasted with funds invested in current assets
- capital investments
- the amount of funds in the process of collection as represented by checks in possession of one bank but drawn on other banks
- float