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IV. Suggest an appropriate synonym for each of the following words:

advance, various, major, distinguish, withdraw, amount, provide, purchase, penalty, frequently, pledge, purpose, require.

V. Match the phrases with their explanations:

  1. to pay off the debts a. to borrow money without paying it back on time

  2. to run up a debt b. to return the debts

  3. to be in debt c. to spend so much money that you need to borrow it

  4. to get/go/run into debt d. a debt that is unlikely to be paid

  5. bad debt e. to owe money

  6. to write off a debt f. to pay interest on money that has been borrowed

  7. to service a debt g. to cancel a debt

  8. to rollover a debt h. to allow money that is owed to be paid later

VI. Fill in the blanks using the verbs in the right tense-form: to pay off to

run up, to get into, to run into, to write off, to service.

  1. He had enough money to ... his son's debts.

  2. He ... credit card debts of thousands of dollars.

  3. We were poor but we never ... debt.

  4. In just three weeks in the USA she ... debt of more than $3000.

  5. When he came to know about her mother's death he decided to .. .a debt.

  6. The company can no longer ... its debts.

VII. Translate the following words and word-combinations into English and insert them in the sentences given below: обслуговувати, надавати (позику), позичати; позика, подовжити термін погашення боргу, бути винним, сплатити, мати борги.

1. Of course I don't have that kind of money. I had to ... it.

2.1 showed the bank my business plan, and they offered to ... everything I asked for.

  1. Since they clearly couldn't afford to pay back the loan then, the bank had to agree to ... the debt.

  2. Many third world countries are unable to ... their debts, let alone repay the principal.

  3. They agreed to grant me a ... for six months.

6.1 can't borrow any more; I already ... the bank over £10000.

  1. By Christmas, I hope to have ... all my debts.

  2. Many developing countries are now heavily ....

VIII. Complete the sentences below with the best answer:

1.1 need to ... at the bank because I'm going overseas on business, and I want to take some of the local currency with me.

a) withdraw money b) exchange money c) buy traveller's checks

2. You ought to ... to store your valuables and important documents in a secure location.

a) rent a safety deposit box b) open a savings account c) pay your bills online

3. My father is trying to ... to pay for the construction of a new room to our house.

a) take out a loan b) pay off a loan c) review his bank statement

4. This house is too expensive. The ... will bankrupt us.

a) loan payments b) mortgage repayments c) interest rate

5. It took us nearly thirty years to ... our mortgage.

a) take out b) repay c) pay off

IX. Choose the correct definition. Make up 8 sentences of your own with words and word combinations:

1. to cash a check is to ...

  1. exchange a check for cash

  2. pay money into your account

  3. pay money into sb's account

2. to cash in is to ...

  1. sell sth (shares)

  2. pay cash for sth

  3. open the cash register

3. to cash in on is to ...

  1. forecast the receipt of cash

  2. make a profit from a situation in a way that other people think it is wrong

  3. calculate money spent

4. to cash up is to ...

  1. add up cash at the end of the day

  2. obtain cash from a bank

  3. exchange a check

5. cash flow is ...

  1. the movement of money into and out of a business

  2. money which is immediately available

c) the conversion rate between currencies 6.petty cash is ...

  1. small denomination banknotes

  2. a small amount of money kept in an office for small payments

c) small denomination coins 7. cashier is a ...

  1. book in which payments are recorded

  2. person who pays and receives money

  3. dealer in foreign currency

8. to pay cash down is ...

  1. to pay for sth before you receive it

  2. not to pay all the money

  3. to pay without using cash

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