Tài liệu 600 Essential words for the toeic 3rd edition part 15 docx

By deducting the monthly fee from her checking account, Yi was able to make her account balance.. The number of free withdrawals a customer can make from his or her account each month i

Lesson

WORDS

TO LEARN

accept

balance

borrow

cautiously

deduct

dividend

down payment

mortgage

restricted

signature

take out

transaction

Banking

Study the following definitions and examples

1

10

11

12

accept v., to receive; to respond favorably

a The receptionist accepted the package from the courier

b Without hesitating, she accepted the job of teller

balance n., the remainder; v to compute the difference between credits and debits of an account

a His healthy bank balance showed a long habit of savings

b It took him over an hour to balance his checkbook

borrow v., to use temporarily

a Do you want to borrow a pen?

b The couple borrowed money from the bank to buy a home

cautiously adv., carefully, warily

a The bank manager spoke cautiously when giving out information to

people she did not know

b Act cautiously when signing contracts and read them thoroughly first deduct v., to take away from a total; to subtract

a Before computing his taxes, Christophe remembered to deduct allowable home improvement expenses

b By deducting the monthly fee from her checking account, Yi was able to

make her account balance

dividend n., a share in a distribution

a The stockholders were outraged when their quarterly dividends were so

small

b The dividend was calculated and distributed to the group

down payment n., an initial partial payment

a By making a large down payment, the couple saved a great deal in

mortgage interest

b Karl was disappointed when the real estate agent told him he needed a larger down payment on the house

mortgage n., the amount due on a property; v., to borrow money with your

house as collateral

a Due to low interest rates, Sheila moved quickly to find a good deal on a

mortgage

b Hiram mortgaged his home to get extra money to invest in his business restricted adj., limited

a The number of free withdrawals a customer can make from his or her account each month is restricted to five

b Access to the safe deposit box vault is restricted to key holders

signature n., the name of a person written by the person

a Once we have your signature, the contract will be complete

b The customer's signature was kept on file for identification purposes

take out v., withdraw; remove

a My checking account allows me to take out money at any bank branch without a fee

b They took out the chairs in the bank lobby so now there is no place to sit

transaction n., a business deal

a Banking transactions will appear on your monthly statement

b The most common transactions can be made from your personal computer

129

WORDS IN CONTEXT

Read the following passage and write the words in the blanks below

accept cautious down payment signature balance deductions mortgages take out borrow dividends rasirict transact

Banks are not only places in which to save money or to

Qo your financial business, but also institu-

tions from which people can (2) money Every day, people look to banks for loans, such as (3)

for new homes A loan is essentially a contract that binds the lender to a schedule of payments, so both parties should be

4 and not enter into the arrangement without

thinking Banks will look at such factors as how much people have

saved towards a (5) in determining whether

to make a loan

Barks have different kinds of accounts Some pay high quarterly (6) Some accounts even severely 7) the number of times, if any, that you can access your account, or the amount of cash you can (8)

Today, electronic banking can be used to check the

(9) on an account, or to see if automatic

(10) _ have been made This can all be done

fram your home or office computer When you go 1o the bank, be sure

to bring identification Usually a bank will only (11)

a phote ID; a (12) is not a valid ID

WORD FAMILIES

accept The bank will not accept a student ID as a valid form of identification

acceptance The bank’s acceptance of checks allows extra time for out-of-state checks to

clear before they are credited to your account

acceptable Shorter banking hours would not be acceptable to many customers, who might

close their accounts as a result

caution Our friends cautioned us against putting our money into an account that pays

such a low interest rate

cautious The bank officer was cautious about approving Chen’s loan because of his

unfavorable credit history

cautiously We spent our money cautiously because we were not sure we would be able to

borrow more

| deduct Remember to deduct the monthly bank fee from your statement

| deductible Taxes and health insurance payments are called deductibles because they are

deducted from your paycheck

deduction Deductions are made electronically every month and will appear on your

statement

restrict The bank’s policies restrict the number of deductions you can make from your

account without a penalty

restriction The restrictions on who was eligible for a mortgage made it impossible for many

low-income families to borrow money

restricted Information about your account is confidential and its use without your

permission is restricted

sign Once you have signed the mortgage contract, the bank will make a check

payable to you

| sign The sign in the bank’s lobby announces their rates for savings accounts and for

loans

signature Your signature can be electronically recorded to be verified later

| transact Our company transacts all its financial business at this bank

transaction

All parties concerned were pleased with the results of the business

transactions

WORD PRACTICE

LISTENING COMPREHENSION

{meet 21 |

Part 1 Photo

Look at the picture and listen to the sentences

Choose the sentence that best describes the picture

1.®@®©o®O

Part 2 Question-Response

Listen to the question and the three responses Choose the response that best answers the question

2@® © 3® @ ©

Part 3 Conversation

Listen to the dialogue Then read each question and choose the best answer

4 What does the man want to do? 6 When will the man's check clear?

(A) Open a bank account (A) In seven days

(B) Get a new driver’s license (B) In eight days

(C) Put his signature on file (C) In ten days

(D) Cash a check (D) In eleven days

5 According to the woman, what is required?

(A) A photo ID

(B) An order form

(C) A large deposit

(D) A signed check

Part 4 Talk

Listen to the talk Then read each question and choose the best answer

7 Who is this talk for? 9 What is a requirement?

(A) People who are looking for a job (A) A new job

(B) Peopte who want to borrow money (B) An important address

(C) People who work in a bank (C) Money in the bank

(D) People who want to open a bank account (D) An accountant

8 How big a down payment is required?

{A) 10 percent

(B) 3 percent

(C) 1 percent

(D) 4 percent

READING

Part 5 Incomplete Sentences

Choose the word that best completes the sentence

10

it

12

I'm going to call the bank manager ahead of time

to make certain that she will & personal

check fo start a new account

(A) accept (C) acceptance

(B) accepted (D) acceptable

We felt about applying for such a

large loan

(A) cautiously (C) cautioning

(B) caution (D) cautious

Every month my automatic car loan payment

shows up asa on my monthly statement

(A} deduct (C) deducting

(B) deduction (D) deducted

13

14

15

The number of withdrawals at no charge from your savings account is _ to three

(A) restricting (C) restrict (B) restricted (DB) restriction

There is a counter in the bank lobby where customers can _ their documents

(A) signing (C} sign

(B) signed {D) signature These 7 7 must be completed

‘business today

(C) transacted

(D) transactions

before the clos (A) transacts (B) transacting

Part § Text Completion

Dear Customer,

Our records show that you qualify for our new automatic mortgage payment plan Under this plan, your monthly mortgage payments 16 from your savings account automatically Now you no longer have to worry about making your payments on timel We do it all for you You must maintain a sufficient 17 in your account to cover the monthly payments If you are interested in participating in this plan, simply complete the enclosed form Certain

18 apply to this plan, so read the explanation on the back of the form carefully You may return the form in the

enclosed envelope Don’t forget to sign it at the bottom Your automatic deductions could begin as early as next

month

18

17,

(A) deduct

(B) deducted

(C) are deducted

(B) are deducting

{A} dividend

(B) balance

(C) transaction

(D) down payment

18 (A) restrictions (B) restrictive (C) restricted

(D) restricts

Part 7 Reading Comprehension

Questions 19-23 refer to the following two letters

July 16, 20—-

Customer Service Office

National Bank of Augusta

1398 State Street

Augusta, MD

Dear Customer Service Office,

I am a new customer at your bank I opened an

account with you last month, and I have recently

received my first monthly statement I find that there

is a service charge on three of the checks that I wrote

I understood that this account had free checking, so I

was surprised to see this charge Perhaps it is a mis-

take I am enclosing a copy of the statement Please

clarify this matter for me Thank you

Sincerely,

Marvin Gardner

19 Why did Mr Gardner write this letter?

(A) To pay his monthly utility bills

(B) To find out about borrowing money

(C} To ask a question about his monthly

statement

(D) To order some free checks

20 When did he open an account at the National

Bank of Augusta?

(A) May

(B) June

() July

(D) August

21 How many checks did he write last month?

(A) Three

(B) Five

{C) Six

(D) Eight

Angust 3, 20—

Marvin Gardner

145 Merrywood Lane

Angusta, MD

Dear Mr Gardner,

We recently received your letter asking about charges to your account While it is true that your account has free checking, some restrictions apply You may write five checks amonth free of charge After that, you must maintain a min- imum average balance of $600 in your account in order to continue with free checking Since your average account

balance last month was only $435, you were entitled to only

five free checks A service charge was applied to the checks you wrote beyond that minimum I hope this explanation is satisfactory to you

Let me take this opportunity to make sure that you are aware of other services you can get with your account You can arrange to have your monthly utility bills deducted from your account You are also eligible to borrow small amounts

of money from the bank at a low interest rate If you are interested in these or any other services, please visit us at the bank, and an officer will be happy to explain all the details to you Thank you for being a National Bank of

Augusta customer

Sincerely,

Eloise Lockwood Customer Service Officer

22, The word restrictions in line 3 of the second letter

is closest in meaning to

(A) limitations {B) fees (C) cusiomers (D) numbers

23 The word deducted in line 13 of the second letter

is closest in meaning to (A) borrowed

{B) attached

(G) subtracted

(D) added

Accounting

Study the following definitions and examples

1

10

11

12

accounting n., the recording and gathering of financial information for a company

a Good accounting is needed in all businesses

b Accounting for expenses is time-consuming

accumulate v., to gather; to collect

a They have accumulated more than enough information

b The bills started to accumulate after the secretary quit

asset n., something of value

a The company’s assets are worth millions of dollars

b Asophisticated accounting system is an asset to a company

audit n., a format examination of financial records; v., to examine the financial records of a company

a No one looks forward to an audit by the government

b The independent accountants audited the company's books

budget n., a list of probable expenses and income for a given period; v., to

plan for expenses

a The department head was pleased that she received a 10 percent

increase in her budget

b The company will have to budget more money for this department next

year

build up v., to increase over time

a The firm has buiit up a solid reputation for itself

b Be careful, your inventory of parts is building up

client n., a customer

a We must provide excellent services for our clients, otherwise we will lose

them to our competition

b Maintaining close contact with clients keeps the account managers aware

of changing needs

debt n., something owed, as in money or goods

a The company has been very careful and is slowly digging itself out of debt

b The banks are worried about your increasing debt

outstanding adj., still due; not paid or settled

a That client still has several outstanding bills

b Clients with outstanding bills will not receive further service until the bills are paid

profitably adv., advantageously

a The company used its accountant’s advice profitably

b We invested in the stock market profitably

reconcile v., to make consistent

a The client uses his bank statements to reconcile his accounts

b The accountant found the error when she reconciled the account

turnover n., the number of times a product is sold and replaced or an

employee leaves and another employee is hired

a We have to add another production shift to keep up with the high turnover rate

b The overseas branch has much lower employee turnover than does

domestic operations

135

WORDS IN CONTEXT

Read the following passage and write the words in the blanks below

accounting audited clients profitable accumulated budget debt reconcile assets building up outstanding turnover

Accounting information is pulled together or (1)

fo help someone make decisions A manager must come up with a (2) to help control expenses A retail store owner realizes that her (3) have (4)

bills A restaurant owner wants to know if it is (6)

to serve lunch A nonprofit organization is being (6)

by the government All of these people and organizations could use the services of an accountant

Accoumants and (7?) systems help a company stay on track They raise flags when expenses are (8) and keep an eye on the (9)

of inventory They (10) their clients’ accounts to

ensure that their clients’ records are correct Good accounting sys- tems allow managers to come up with ways to improve their business

The accountant prepares information for both internal and external use Financial statements provide a quick look into the life of a busi- ness They show how much (T1) the company is carrying and how much its (12) are worth The out- side world uses this information to judge the health of the company

WORD FAMILIES

accountant The accountant was precise and hardworking

accounting Accounting is a popular field of study

account The client closed his bank account and withdrew all of his money

accumulate The owner’s goal was to accumulate as much wealth as possible

accumulation The accumulation of goods may lead to an inventory problem

accumulated The sum of all the accumulated resources equals your total assets

| audit Some bookkeeping inconsistencies showed up when our records were audited

‘al audit If you keep your financial records carefully, you will always be ready for audit

| auditor The tax auditor will ask to see records from the past several years

verb oe budget There was no travel expense budgeted for the editorial department

ae budget The boss asked for input on next year’s budget

budgetary Due to budgetary constraints, we cannot hire additional staff at this time

build up Over the years, our office has built up a solid list of clients

| buildup A buildup of debt will weaken the company’s finances

The engineer will profit from the successful introduction of the new product

The profits exceeded all expectations

profitable

Marketing is the most profitable department this year

WORD PRACTICE

LISTENING COMPREHENSION

(co

Track 22 |

Part 1 Photo

Look at the picture and listen to the sentences

Choose the sentence that best describes the

picture

1.®@®©o0O

Part 2 Question-Response

ss

II

i ¥

Listen to the question and the three responses Choose the response that best answers the question

2@® © 3.® ® ©

Part 3 Conversations

Listen to the dialogue Then read each question and choose the best answer

4 What time does the woman expect to return to the 6 What does the woman plan to do with the client office? today?

(A) By 1:00 (A) Show him a new budget

(B) By 2:00 (B) Give him a present

(C) By 4:00 (C) Ask him for more work

(D) By 5:00 (D) Make a business deal with him

5 What is the client’s problem?

(A) He doesn’t understand his accountant

(B) He won't be in his office today

(C) He has a lot of debt

(D) He doesn’t have a savings account

Part 4 Talk

Listen to the talk Then read each question and choose the best answer

7 What is the topic of this talk?

(A) How to start an accounting firm

B) How to avoid client turnover

(

(C) How to have a profitable accounting firm

( D) How to get clients

8 How can an accounting firm make more money?

(A) By charging higher fees

9 According to the speaker, what is a firm's most valuable asset?

(A) The staff

(B) Money

(C) Office space

(D) Equipment

(B) By getting recommendations from their clients

(C) By hiring new accountants

(D) By making a new list of clients