Business English Lesson – Advanced Level''''s archiveDiscount Bonds pdf

Business English Lesson – Advanced Level's archive Discount Bonds 1.. The basis of a bond initially equals the total purchase price; for a discount bond, the basis increases at the rate

Business English Lesson – Advanced Level's archive

Discount Bonds

1 The basis of a bond initially equals the total purchase

price; for a discount bond, the basis increases at the rate

of the accrued discount until it reaches the principal

value at maturity

average

coupon

listed

market

2 Security consultants can offer their expertise to a

broader market, but recommendations are not entirely

unproblematic, as perverse incentives may tempt certain

actors to the security ratings of their competitors

bad mouth

deadhead

downgrade

underwhelm

3 The house selling the Catholic bonds published in its

formal advertisement that 36% of the inhabitants of the

German Reich were Roman Catholics, while the house

offering the Protestant bonds asserted in its newspaper

reproduction of the bond that more than two-thirds

of the German population was Protestant

brochure

circular

flyer

leaflet

4 The Cost-of-Living (COLA) is determined by the

U.S Department of Labor, which calculates the change in

the Consumer Price Index (CPI) for urban wage earners

and clerical workers from the third quarter average of the

previous year to the third quarter average for the current

year

Accrual

Addition

Adjustment

Amendment

5 In a sales escrow for the sale of a business, a

legal notice to creditors is advertised in an approved legal

advertising newspaper in the judicial district where the

business is located; this is to allow creditors 12 business

days to file claims for payment with the escrow

bulk

final

gross

net

6 When loan officers have little hard information to work

with, they must estimate a client's earnings and judge

intangible elements such as trustworthiness to determine if

s/he is a candidate for a loan; these evaluations

may be derived from subjective qualities such as the

strength of the client's handshake or how well s/he makes

eye contact

benevolent

blind

character

individual

7 A Yankee Certificate of Deposit necessarily involves a

foreign bank with a branch in the United States, while

Certificate of Deposit involves an American bank

with an off-shore branch

a Confederate

a Dixie

a Eurodollar

an Expat

8 The Real Estate Settlement Procedures Act (RESPA)

will apply in any transaction in which a buyer is obtaining a

federally insured mortgage from a financial institution; this

requires use of a statement developed by the

Department of Housing and Urban Development

closing

contractual

settlement

summary

9 The public mission and the defining goal of the

National Mortgage Association (FNMA) is to help more

families achieve the American Dream of homeownership

by providing financial products and services that make it

possible for low-, moderate-, and middle-income families

to buy homes of their own

Family

Federal

Financed

Franklin

10 compounding is the limit of taking shorter and

shorter compounding periods: compound every hour,

every minute, every second, etc, and as you continue this

sequence, the formulas get worse and worse, but you are

approaching a formula simpler than any of the other

compound interest formulas

Continuous

Foreshortened

Infinitesimal

Logarithmic