Business English Lesson – Advanced Level''''s archivePass-through ppt

certificate, where homeowners' payments pass from the original bank through a government agency or investment bank to investors... A 'limited partner', who is prohibited from taking part

Business English Lesson – Advanced Level's archive

Pass-through

1 The most common type of pass-through is a

mortgage- certificate, where homeowners' payments pass from

the original bank through a government agency or

investment bank to investors

backed

based

conveyed

covered

2 A 'limited partner', who is prohibited from taking part in

management and has no liability for debts beyond his/her

investment, is a true partner; however, without a

limited partnership agreement, s/he is responsible for the

debts of the partnership as a general partner

passive

pillow

secret

silent

3 Multiple listing of equity options that were already being

traded as of January 20, 1990, was phased in over a

period of time ending in late 1994; thus, by the end of

1994, each option could list any equity option class

chain

exchange

floor

trader

4 The legal requirements will usually pose no problem,

but the lack of a market minimizes the enthusiasm for and

utility value of the non- stock option plan; still, it

offers the most flexibility for the owner-management of a

private company to select key personnel and option

pricing arrangements to suit management objectives

aligned

profit

qualified

refundable

5 MIND C.T.I Ltd, a leading provider of convergent

end-to-end billing and customer care product based solutions

for carriers worldwide, today announced the record date

and date of the previously declared and announced

cash dividend of $0.20 per share

disbursement

payment

remittance

settlement

6 When this provision is in a lease, a landlord has the

power to collect the maximum rent allowed under

regulations in effect at the time; the clause provides

that if the regulations are altered during the time of the

lease, the tenant must pay the new fee computed

pursuant to the revised regulations

balloon

escalator

kiting

parachute

7 With a option, usually the underlying and strike

price currency is the foreign one and the currency in which

the derivative pays out is domestic, calculated as the

option's intrinsic value; this type of investment is paid at a

fixed exchange rate, protecting the investor from

fluctuations

bermuda

chameleon

quanto

vanilla

8 reserves must be held in the form of vault cash

and if vault cash is insufficient, also in the form of a

deposit with a Federal Reserve Bank; an institution that is

not a member of the FRS can maintain that deposit

directly with a Reserve Bank or with another institution in a

pass-through relationship

Anticipated

Demand

Limit

Required

9 I look for a -to-cash-flow ratio of less than 15 for a

large company that can't grow rapidly; for smaller

companies, I look at things in more detail because many

small companies can go from a dramatic loss to excellent

cash flow in one year if they are adding customers without

raising costs too badly

asset

equity

price

growth

10 Companies often their stock when they believe

the price of their stock exceeds the amount smaller

individual investors would be willing to pay for the stock:

by reducing the price of the stock, companies try to make

their stock more affordable to these investors

devalue

pad

reissue

split