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Summary English words BViU h35-66
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Business Vocubulary in Use Chapter 35 to 66
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EngelsBusiness Vocabulary in Use
35-66
35. Personal Finance
Current account a bank account that you can take money from at any tme and that
usually earns litle or no interest
Joint account an account that is shared by two or more people
In the black Having enough on your bank account
Go into the red Spending more money than you have on your banking account
Overdraft go overdrawn An act of overdrawing at a bank. / You have spent more money than
you have in your account.
Overdraf facility An agreement with the bank to be in this situaton as long as the
overdraf stays within a certain amount.
Charges A price asked for goods or services. / An accusaton.
Interest A percentage of the amount it has borrowed (geleend).
Credit card companies A company which owns the trademark of a partcular credit card.
Deposit accountt savings account A bank account that pays you interestt in which you usually leave
money for a long tme.
Mortgage A loan to buy a house.
Building society A fnancial insttuton owned by its members as a mutual organizaaton.
Credit crunch Money market situaton in which loans are hard to get.
Negatve equity A situaton in which the value of a house has become less than the
amount of money its owner borrowed in order to buy it.
Internet banking the system that allows you to put in or take out money from a bank
account by using the internet
Account balance the amount of money someone has in a bank account
Transactons Money going in and coming out.
Unit trust Shares in investment companies that put money from small investors
like me into a range of companies.
Investment companies A company that make a proft by buying and selling shares.
ISA Individual savings account.
Life insurances Insurances that pay out if someone in your family dies.
Insurance policies A contract between the insurer and the insured.
Contributons Something that you contribute or do to help produce or achieve
something together with other peoplet or to help make something
successful.
Private pension A pension that you organizae for yourself with an insurance company.
Retrement When you stop working.
Company pension scheme Is just a type of savings plan to help you save money for later life.
State pension A regular income paid by the government to someone who does not
work anymore.
Windfall An unexpected one-of increase in the value of my pension fund.
Pension fund Money that employees of a company pay regularly to be invested to
provide them with a pension when they are older.
Demutualizaed if a fnancial organizaaton demutualizaest it becomes a company with
shares owned by shareholderst and is no longer owned by the people
who have money in it.
Financial insttutons A company that provides fnancial servicest for examplet a bankt an
insurance companyt or an investment fund.
, Financial products A product that is connected with the way in which you manage and
use your moneyt such as a bank accountt a credit cardt insurancet etc.
36. Finance Centres
Financial centres Are places where there are many banks and other fnancial
insttutons.
London The Cityt The Square Mile
New York Wall Street
Investors People or organizaatons who put money int hoping to make more
money from their investment or stake in the company.
Speculator An investor who wants to make a quick proftt rather than one who
wants to invest over a longer period of tme.
Brokerst dealerst traders Buy and sell on behalf of these investors andt in some casest for
themselves or the organizaatons they work for.
Raise capital Find the money they needs.
Float the company Go public.
Shares Shares are a unit of ownership of a company that may be purchased
by an investor.
Issued Supply or distribute (something) for use or sale.
Listed Relatng to or denotng companies whose shares are quoted on the
main market of the London Stock Exchange.
Stock market A place where shares in companies are bought and soldt or the
organizaaton of people whose job is to do this buying or selling.
Oversubscribed There weren’t enough shares for all the investors who wanted them.
Flotaton An occasion when a company's shares are sold to the public for the
frst tme.
Financial markets The actvity of buying and selling sharest etc.t or a place where this is
done.
Commercial paper Short-term lending to business (less than a year).
Bonds Longer-term lending to business and the government (over several
years).
Currenciest foreign exchanget forex Buying and selling the money of partcular countries.
Commodites (koopwaar) Oilt metals and farm products.
Commodites exchange Some commodites are traded in a central building.
Securites Sharest bonds and commercial paper.
Securites houses The fnancial insttutons that deal in securites.
Capital market Securites markets.
Futures contract An agreement giving an obligaton to sell a fxed amount of a security
or commodity at a partcular price on a partcular future date.
Optons contract An agreement giving the rightt but not the obligatont to buy or sell a
security or commodity at a partcular price on a partcular future tmet
or in a period of future tme.
Derivatves Futures contract and optons contract.
Underlying shares The shares that the derivatves relate to.
37. Trading
Demand (vragen/eisen stellen) To ask for something forcefullyt in a way that shows that you do not
expect to be refused.
Share price The price of a single share.
Index The overall value of shares traded on a stock market is shown.
Trading Buying and selling of shares.
Very high turnover A large number.
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