II. Replace the Ukrainian words and phrases by appropriate English equivalents. Translate the sentences

I. Study the following words and phrases. Recall the sentences in which they are used in the text. Use them in sentences of your own.

Vocabulary Tasks

Short-term funds; statement of payment terms; maturity date; commitment fee; duration; forthcoming; principal; standing agreement; unsecured loan; indebtedness; collateral; line of credit; enforce; retained earnings; commercial paper; floating rate; payment schedule; prime rate; open-book account (credit); seize; tax deduction; pledge; factoring accounts receivable; factor; put up; retirement of bonds; long-term funds; debt financing; guarantee; implement; long-term loan; default; secured loan; equity financing; on request; promissory note; revolving credit agreement; qualify; merely; non-interest-bearing account; corporate bond; trade draft; indenture; execute; attach; appreciation; faith; trade acceptance; disclosure; preferred stock; in the short run; compensating balance; relinquish; prevailing; common stock; continuing; lean times; maintain; fluctuate; factoring; venture capital; short-term loan.

1. When sellers want more reassurance, they may insist on legally binding written documents: (прості векселі).

2. (Короткострокові джерела фондів) typically finance current needs for cash or inventory at times when cash requirements exceed available funds.

3. Most firms not only sell on credit, they also buy on credit, or (кредит по відкритому рахунку).

4. The presence of а (кредитна лінія) speeds the borrowing process for both the bank and the borrowing firm because the bank does not have to reexamine the firm's creditworthiness each time it borrows money.

5. Firms with excess funds often purchase (комерційний вексель) in order to earn interest.

6. For small companies, (забезпечені позики) are the only source of (короткостроковий капітал).

7. Although (факторинг) is an expensive method of raising short-term funds, it is often used in retailing because it reduces the need for major record keeping and for maintaining a collection department.

8. The uncertain nature of (довгострокові позики) can make it difficult to finance high-risk ventures.

9. Issuing (облігації) to raise money is generally reserved only for larger companies with regional or national reputations.

10. (Фінансування шляхом залучення власних коштів) differs from (фінансування шляхом отримання позик) in that there % по (дата погашення) for repayment.

11. The key to managing (використання засобів займу) is ensuring that the company's earnings are larger than the interest payments, which increases the leverage on the rate of return on the stockholders' investments.

12. Secured loans require the borrower to (віддавати під заставу додаткове забезпечення) such as accounts receivable or inventory.

Дата добавления: 2015-01-03