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Vocabulary Exercises


Find Ihe names of banking and financial inslilutious men-Honed in the dialogue and Ihe lexl and match Ihem ivilh Ihe definitions given in the exercise

1. A bank whose major services are accepting and prolecling
money for deposit and paying cheques issued by the deposi­
tors, laws permit lo invest for profit a portion of Ihis money.

2. A bank which has a charier from the federal government.
•1 A bank which has a charier from a slale government




4. A bank established by the government of the USA to make
loans for the purchase of land.

5. An institution which handles brokerage.

6. A place where stocks arc bought and sold.

7. An institution formed by a group of persons who combine
their savings in order to make loans to members at a low
rale of interest.

8. A lending institution without a bank charter which spe­
cializes in making small loans on open note or secured by
chattel mortgage.


9. An institution which accepts savings deposits and makes
loans mainly for the purchase and repair of homes.

10.An institution which manages trusts and services.

11. A banker's bank and lender of last resort.


Using the words in brackets as a guide, explain the mean­ing of the following terms:

1. fiduciary services (trusts, estates, management, having to
do with)

2. securities (units of fixed obligation, a company, govern­
ment, fixed term, slocks)

3. broker (stocks and bonds, for others, sells, buys)

4. charter (to carry on, give permission, an official paper)

5. lending instilulion (to make loans, empowered)

6. The Treasury (governmenl, deparlmenl, Brilish, national
economic policy, public expenditure, control, coordinale)


Say what is true and what is false. Correct the false sen­tences:

1. Commercial bank's services are limited.

2. Fiduciary services are handled by trusl companies.

3. Commercial banks don'I deal with brokerage services!

4. American stale banks offer fewer services than a national


5. The interesl on deposils is usually higher in savings and

loan associalions.

6. Savings and loan associations offer regular commercial ser­

7. Every English bank issues its own notes. J

8. All the important institutions in the City maintain accounts
al the Bank of England.

9. The amounl of money available for British borrowers de­
pends on The Treasury orders.


Study the following example: We employ people. A person who employs is an employer. A person who is employed is an employee. The suffix -er is generally used for a person who docs the action. The suffix -ĺĺ is generally used for a person to whom something is done. It has passive meaning.

Complete the. following:

1. We remit money orders.

A person who remits is a....

A person to whom the money order is rernitled is a

2. We transfer bank drafts................... j
A person who transfers them is a....

A person lo whom Ihey are transferred is a...

3. You draw out a cheque.

A person who draws a cheque is a...

The bank on which the cheque is drawn is a...

A person to whom the cheque is made payable is a

4. One can pledge assets as security.




A person who pledges assets as security is a
A person to whom assets are pledged is a..

5. Loans are granted.

A person who grants a loan is a....

A person to whom a loan is granted is a...

6. A person to whom one's affairs are trusted is a


Using prefixes il-,im-, in-, ir-, un-, ďîď-,etc., give nega­
tive adjectives which are related to the following:
expensive negotiable regular

important orderly spieificd

legal payable stable

matured proper sufficient

movable profitable transferable


Combine the words listed below into meaningful two or three word expressions as possible:


account credit revenue
association company savings
bank exchange slate
benefit equalization slock
bond finance trust
business government transaction
brokerage house union
board loan employment
central land  
charter premium  


For each of the. following phrases, find the. expression in llie text that explains it: \, restricted range of services

2. services having to do with Irusls and estates

3. services having to do with buying and selling securities

4. bank which gels its charter from Ihe slate >
~5. slocks and bonds


6, a place where slocks arc bought and sold

7, Ihe fund in which Ihe gold aucl foreign currency reserves of
Greal Britain are held

8. bonds with a very short life span before Ihe government
buys them back again

9. economic policy which regulales the level of money or li­


Fill in the blanks:

In every capilal city Ihcre are numerous institutions which

make loans. There are numerous.... institutions. One can

also borrow money from the..... though their major func-

lion is accepting deposits. People who need a loan for the pur­
chase of land can apply for il lo a.. If you need to borrow

money for the purchase or repair of your house or just make
saving deposits you can call al a.... Many individual com­
panies run.... which are formed by combining savings of the

people working there. They make loans lo their members al a

low....... Anyone having problems with Irusls/or estates can

seek advice al a.......... They deal with..... mailers. People

interested in the purchase of slocks or shares usually go lo a
.... which specializes in handling.....




Active Vocabulary allowance assign (v) beneficiary benefit bid (v) (bade, bidden) claim collect (v) common slocks commission corporate bond (US) coupon counsel (v) (US) creditor cover

Demonstrate the meaning of the following expressions ą sentences of your own:

1. to handle transactions

2. to be a party to a transaction

3. to manage the estate

4. to make loans for the purchase of

5. to borrow money from

6. to get a loan from

7. to charge a higher/lower rale of interest

8. to discuss some fiduciary matters

9. to provide the government with


10. to cover the gap between

11. to maintain an orderly market

12. to be the subject to scrutiny by

Unit Seven

Date: 2015-12-24; view: 154

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