This course develops language skills relevant to professionals working in financial institutions. The topics covered include different types of bank organisation, international currency dealing, trade finance and electronic banking.
Using the words in brackets as a guide, explain the. meaning of the following terms: 1. mature (due for payment, become) 2. proceeds (some transaction, the money, received from) 3. broker (stocks, bonds, for others, buys, sells) 4. broker's commission (in a sale, for services, a charge, the amount of the transaction, based on) 5. assign (ownership, transfer) 6. good growth industry (development, giving promise of, will increase, an investment, the value of, so that) 7. estate (left by a dead person, holdings, obligations)
8. safe-deposit box (kept in a bank, important papers, valuables) 9. income (loan individual, the total sum of, coming in, earn¬ ings) 10. inheritance (an estate, money or properly, received from) 11. creditor (is owed, a debt, a party to whom)
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