Professional English for the Financial Sector

The money that a company spends

Retirement income that you pay into at work and is controlled privately is called

The best way to make an informed decision is to flip a coin.

When a company gain control of another one by buying it

Savings gives you immediate access to your money and is less risk than investing.

Before you buy something using a check, what should you know about your account?

Basic and most important

What is the best action to take to balance your budget?

Taking money out of your bank account is called...

Interest rates on credit cards

What is the name of the fee the bank charges you when you borrow money?

The money used in a particular country

Supervision

The date on which a loan must be repaid, or a length of time until this date

Paid

One way to improve human capital is by...

A charge for arranging a transaction

Guaranteeing to buy a company’s newly issues stocks if no one else does

Things of a value that cannot be physically touched, such as reputation (goodwill), brand names, and trademarks

Something of value that secures a loan or other credit

You have a fire at your house, which type of insurance would you need to cover the damage?

A general development or change in a situation or in people’s behaviour

The use of a company's accounting data by its managers for planning and control

The payment people receive for the work they do is called...

Interest rates on credit cards

Adjective meaning one year or less in financial statements

The money generated from a business’s normal activities

Which type of lender offers loans to high risk customers with extremely high fees?

The knowledge, skills and talent that people use to do their work is called.

Jobs usually pay a higher salary when...

A plan for managing income, spending and saving is called...

The abbreviation for a company’s earnings before interest and taxes

Sums of money paid as penalties for breaking the law

Money that a company will have to pay to someone else one day (bills, debts, etc); for a bank, its deposits

The circular flow of money in our society is between

Spending on clothing is what kind of expense?

A reduction in the value of the asset, charge against profits

Federal and state income tax returns are due every year on

Abolished or ended rules and restrictions

When looking for a house, what should you consider?

When a bank pays someone to save money it is called

Money paid to a retired person

The money you put in a bank

All the money received by a person during a particular period

What are the 3 major groups in the Circular Flow of Money?

Keeping financial records and preparing financial statements

When signing a lease to rent an apartment, it is important to do what?

Securities representing part-ownership of a company

All the securities and financial assets held by a financial institution or an individual

Sam works at EES, Wyatt works at Walmart, Bobby volunteers at Red Cross. Who is earning income

When two formerly separate companies join together

People who place money in bank accounts

Canceled or ended (a law)

Groups of companies that have joined together

What should you do on a job application?

What is an advantage to buying a house?

Loan to buy a property

The price (interest rate) that a financial institution must pay for the use of money

What would be the best way to make a decision?

Interest-paying securities issued by companies that need to borrow money

Which of the following are ways to protect yourself from identity theft?

Evolution of a borrower’s ability to pay interest and pay back a loan in the future

What is net pay?

Anything of value owned by a business (cash, buildings etc); for a bank, the loans it has made

The net worth of a company – the amount by which assets exceed liabilities

Potential sources of danger

Calculating how much tax an individual or a company should pay - or trying to reduce this figure

Which of the following could you use to buy something now and pay for it later?

Why would people want to invest in the stock market?

Control of something by rules or laws

A charge for a service performed by a bank

An agreed plan of what to do

Which is an example of a fixed expense?

Opportunity Cost can be described as

The expenses of operating a business that is not directly related to individual products or services

Payment for an insurance policy

Recording transactions (purchases and sales) in ledgers

Made it illegal to do something

A trade-off can be described as,

Profitable (describes an activity that makes a profit)

The difference between the interest rate a lender pays and the rate it charges its borrowers

Haley can either work at Taco Bell or Skyline. If Haley picks Skyline, Taco Bell is her...

Sam earned $3000. He spent $2000. He put $1000 in the bank. This amount is called?

One way to save money at the grocery store is to compare unit price of the items.

What is unemployment?

Part-ownership (less than 50%) of other companies

Having a good credit score helps you get a job and save money on large purchases.

What determines the number of jobs, goods and services available?

Adjective meaning for a whole group of companies

We cannot have everything we want because of

Money invested in a business

Determining the unit cost of a manufactured product, including indirect costs

Colton has $100 in his checking account. He writes a check to Netflix for $10. How much is left in his account?

The money earned by a country’s people in a particular period

The maximum amount that a bank will lend to a customer

The primary purpose of taxes is to

Which one of the following is inappropriate during a job interview?

Scarcity is defined as

Checking and evaluating financial records

If your house catches fire, which insurance type will cover the damages?