Business English Lesson – Advanced Level''''s archive CRTs potx

loan in its first 10 years under different inflation scenarios: Figure One illustrates the base case, Figure Two shows a potential 'low inflation' scenario and Figure Three a 'high infla

Business English Lesson – Advanced Level's archive CRTs

1 Gifts to a charitable trust (CRT) can be made in cash, but more often consist of highly appreciated stock, real estate or a closely held business interest; it pays

income to the beneficiary for a fixed period or for life, and

at the end of the trust, the remaining assets pass to the charities you have chosen

recipient

remainder

residual

retirement

2 The attached tables illustrate the cash flows for an

interest loan in its first 10 years under different

inflation scenarios: Figure One illustrates the base case, Figure Two shows a potential 'low inflation' scenario and Figure Three a 'high inflation' scenario throughout the 10-year period

adjusted

calibrated

graded

indexed

3 The fill order is used by customers wishing an immediate fill, but at a specified price; our floor broker will bid or offer the order three times and immediately return either a fill or an unable

and nil

at will

or kill

the bill

4 trade account status exists when the purchase and sale or sale and purchase of the same security on the same day in a single account takes place; liquidation of overnight positions and repurchase (or sale) are not

considered

A daylight

An offset

An onboard

A singleton

5 In order to successfully build models of mortgage that capture prepayment, delinquency and default

behavior, we must decide upon common, generally

accepted definitions for each of these behaviors

contingency

exposure

liability

risk

6 Gold has retrenched below its 20-day moving average

of $659.31 to a six-month low of $643.20 where it is now

holding but vulnerable to further selling; the has also

driven gold below its 50-day and 200-day moving

averages of $664 and $646, respectively

downfall

downtrend

dropoff

falloff

7 In a market where agents trade via order book, there is no market maker or specialist who provides bid and ask quotes; instead, any sellers/buyers can place

offers/bids in this book and wait until the orders get

executed, or they can trade immediately by placing a

market order against the existing bids/offers

a limit

an open

a running

a standing

8 A full enables early round investors to preserve the value of their initial investment in a down round — they get additional 'free' shares so that their effective share

price equals the new lower price, thus avoiding a

markdown in the value of their investment

deck

house

monty

ratchet

9 The 12(b)-1 fee is not like a sales commission, where the investor's initial purchase is reduced by the charge; it

is deducted from the assets of the fund; many call this fee

a hidden because it decreases a shareholder's

earning power each year without showing up overtly as a sales commission

bite

drag

load

toll

10 Your profit or loss depends on the difference between your cost and the price at which you sold your

investment; in the normal scheme of things, the former is your original purchase price, but sometimes you can make adjustments to that figure to make it larger

basis

factor

figure

value