Insider dealing

Unit 4.

Ex.4. Identify the conditional in each example (1-5) and choose an option (a-e) to explain why a conditional is being used.

Reimburse, sue, stipulate, cover

Ex.2. Match the two halves.

1.Benchmark a. a partner who invests in a business but

doesn’t take an active part in managing it

2. Background b. to give special permission not to pay taxes

3.Conman c. to accept the risk of any loss under insurance

contract

4.Downmarket d. expensive, of premium quality

5.Fake e. finance assets promised by a borrower to a lender

6.Hoarding f. to officially make someone pay taxes

7.Integrity g. all the things that a person has done in the past

8.Inventory h. compete

9.Loophole i. usage of knowledge of the situation that is not

available to other people in order to buy shares

10.Slush fund j. someone who buys shares in order to sell them

quickly and make profit

11.Sleeping partner k. good performance in a particular activity

that can be used as a standard

12.Track record l. complete honesty

13.insider trading m. a small mistake in a law that makes it

possible to do something illegal

14.collateral n. a copy of an original product

15.stag o. an amount of money collected for illegal

purposes

16. exempt p. education, qualification and past jobs

17.underwriter q. someone who tries to get money from people

by tricking

18. emulate r. a supply of goods kept for sale

19.high-end s. the people who buy cheap goods and services

20. levy t. a large sign used for advertising

Ex.3. Find the correct definition.

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Overdraft, security, expire, beneficiary, defaulter, indemnify, valid,

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a debit balance on a bank customer’s current account

to pay back money spent by a person on one’s behalf

a person who fails to pay a debt

a document of value given as cover for a loan

to come to the end

state as a condition

to compensate a person or free him from liability

to ensure against risks

having force

to take legal action for non-payment

the person who receives payment by a draft

1. Expressing complaint or criticism about a past action or event.

2.Describing a hypothetical situation in the past.

3.Emphasising that something is unlikely to happen.

4.Desires or regret.

5. Warning.

a.Were we to need more time to complete the study, would that be a problem?

b.If we hadn't employed an outside consultant, we could never have got the project off the ground.

c. Had they given us enough time and resources, we could have done the work in-house.

d.You're going to burn yourself out if you keep working so hard.

e.If we had more time, we could fine-tune this proposal.

Text. Translate, fill in the gaps.

Insider dealing or insider trading is buying or selling of securities by people who have more knowledge than others of the company involved because they are connected with it in some way. Financial institutions are supposed to take measures to prevent knowledge gained in one department from being used in other departments to trade in shares at an unfair advantage. These measures are informally known as Chinese walls.

This article from The Times is about accusations of insider dealing in gilt-edged securities or gilts (British government bonds). Complete the article with the expressions listed. Each expression is used once.

a Chinese walls c inside e dealers g complaints b trades d insider dealing f allegations h leak

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