Business English Lesson – Advanced Level''''s archiveAccounting for Depreciation pot

Many futures contract months of the same commodity trade simultaneously on the market, sometimes even years into the future; the contracts other than the current one are called the ....

Business English Lesson – Advanced Level's archive

Accounting for Depreciation

1 Depreciation represents the expense related to

the fixed assets still carried on the books of the company;

sometimes the term 'reserve for depreciation' is used

Accumulated

Acquired

Consolidated

Cumulative

2 A firm buying stock seldom had sufficient money

balances to complete the required payments; instead it

relied on its bank for loans, but as NYSE volume

grew, banks and their regulators became alarmed at the

amount of credit being extended to support securities

transactions

day

drop

short

spot

3 Many futures contract months of the same commodity

trade simultaneously on the market, sometimes even

years into the future; the contracts other than the current

one are called the months, even though they are for

future months

back

front

last

past

4 A swaption gives the buyer the right to receive

the swap's fixed rate of interest and pay the floating rate of

interest; this is a bullish position in bonds, as you profit if

rates fall in the future

call

put

rate

take

5 Reconciling to the General Ledger boils down to

making sure you know what you owe and what you don't

— it's crucial for maintaining business health; it is a

fundamental task that can reduce working capital needs

and minimize bank borrowings, but it can be a

labor-intensive process

assets

bad debts

cash flow

payables

6 It is the consensus of the committee that all banking

institutions are capable of providing the basic treasury

management and banking services requested; some

banks require a smaller balance for no fee services,

but their interest rates are adjusted to offset any significant

difference in cost

affirmative

compensating

positive

stabilizing

7 An employee stock plan gives you the right to buy

a certain number of shares of your employer's stock at a

stated price over a certain period of time; often, the shares

'vest' over a period of several years, meaning that some

fraction of the shares can be exercised in the first year,

another fraction in the second year, etc

occupational

opportunity

optimum

option

8 Section 1035 of the IRS Code allows the movement of

non-qualified monies from certain financial products to

others without an income tax consequence; this 1035

allows non-qualified monies from an annuity to

move to another annuity, or from a life insurance policy to

another life insurance policy

Conversion

Exchange

Rule

Transfer

9 In the case of market orders in the active bonds, whose

prices are reported on the right side of the quotation

board, the broker after noting the latest price on the board,

goes directly to the bond and effects a sale at the

most favorable bid or asked price he can obtain

box

crowd

floor

quarter

10 Descending are a bearish indication formed

when a stock begins a downward trend and makes

successively lower lows as it declines

bottoms

elevators

flights

stairs