Business English Lesson – Advanced Level''''s archiveTRANs doc

Note TRAN is a tax-free bond that is issued on a one-year basis specifically for the purpose of improving cash flow to public entities heavily reliant on sporadic property tax distributi

Business English Lesson – Advanced Level's archive

TRANs

1 The Tax Revenue Note (TRAN) is a tax-free bond that is

issued on a one-year basis specifically for the purpose of

improving cash flow to public entities heavily reliant on sporadic

property tax distributions

Accumulation

Accrual

Advance

Anticipation

2 As a way to attract orders from brokers, some exchanges or

market-makers will pay your broker's firm for routing your order to

them, perhaps a penny or more per share: this is called 'payment

for order '

fetch

flow

shift

shunt

3 A merger can harm competition by making it difficult for

competitors to gain access to an important component product or

to an important channel of distribution — this is called a

'bottleneck' problem

forward triangular

horizontal

reverse triangular

vertical

4 A 19c3 stock is a stock that was listed on one of the national

securities exchanges, such as the NYSE, after April 26, 1979,

SEC rule 19c3, which forbids exchange members from

participating in off-board trading

absolving it from

admonishing it from

including it in

incorporating it in

5 interest is calculated on the original principal only;

accumulated interest from prior periods is not used in calculations

for the following periods, and this type of interest calculation is

normally used for a single period of less than a year, such as 30

or 60 days

Basic

Initial

Simple

Standard

6 The Fair Debt Collection Act (1977) is a federal law that

outlines what information debt collectors can gather on you, and

contains specific rules on how debt collectors can communicate

with you; these rules are designed to protect you from abuse,

harassment, false and misleading tricks and other illegal actions

Practices

Procedures

Tactics

Techniques

7 Rule 405 is the NYSE codification of ' your customer'

rules, which require that a customer's situation be suitable for any

investment being made

advise

check

know

match

8 Injury Protection covers the person named in the policy

as the 'named insured', residents of the named insured's

household related by blood, marriage or adoption, and

passengers or pedestrians; these people will be eligible for

medical insurance payments no matter who is at fault in the car

accident

Panoramic

Personal

Private

Public

9 The Special Right is an international reserve asset,

created by the IMF in 1969 to supplement the existing official

reserves of member countries; SDRs are allocated to member

countries in proportion to their IMF quotas and serve as the units

of account of the IMF and other international organizations

Depositing

Drawing

Tendering

Trading

10 During the period of a fixed deferred annuity, your

money, less any applicable charges, earns interest at rates set by

the insurance company or in a way spelled out in the annuity

contract; during the payout period, the amount of each income

payment to you is generally set when the payments start and will

not change

accumulation

collection

deposit

premium