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X. Complete the sentences:

  1. A person who can be employed is …

  2. A person employs other is …

  3. A person who is unable to do something is …

  4. A person who has recently died is …

  5. A person who gave up his work, position, business reaching old age is …

XI. Match the words and the word combinations given on the left with their dictionary definitions given on the right:

  1. collateral

  2. brokerage house

  3. government bond

  4. life insurance

  5. commercial company

  6. promissory note

  7. inventory

  8. social security

  9. policy holder

  10. casualty insurance

  11. payback

  12. premium payment

  13. consumer finance company

  14. policy

  15. check

  16. commercial paper

  1. A sum of money payable to seriously injured or killed in an accident.

  2. The possessor of an insurance policy.

  3. A financial institution for business credit.

  4. Stocks of raw materials, work in progress and finished goods.

  5. Security that includes goods, intangibles, paper (negotiable instruments and documents of titles) and proceeds.

  6. Government provisions for helping people who are unemployed, ill, disabled.

  7. The period over which the cumulative net revenue from an investment project equals the original investment.

  8. A form of interest-bearing security issued by central or local government.

  9. An unsecured note issued by companies from short-term borrowing purposes, which is one-name paper.

  10. An instrument recording a promise to buy a specific sum of money by a given date.

  11. A sum of money payable in case of loss of life.

  12. A firm of broker-dealers (USA).

  13. A contract for insurance.

  14. A sum of money paid either once (single) or continuously (regular).

  15. A company, which makes loans to individuals.

  16. An order written by the drawer to a commercial bank or central bank to pay on demand a specific sum to a bearer or a named person or company.

XII. Explain the following word combinations and use them in your own sentences:

    1. to pool the resources

    2. to accept premium payments

    3. to provide long-term loans to

    4. to provide commercial real estate loans

    5. to purchase government bonds

    6. to set up pension fund

    7. to pay benefits to

    8. to provide financial protection

    9. to collect social security funds from

    10. to pay interest on deposit

    11. to offer attractive loan

    12. to charge interest

    13. to lend on collateral

    14. to withdraw funds from

XIII. Role play:

      1. You are a finance company manager and you were asked for a loan.

      1. Consider the things you will worry about the loan and the questions you will want to be answered. You should give particular consideration to:

        • whether you will have sufficient funds to make this loan;

        • whether you think the customer will be able to repay loan and interest;

        • whether you would offer all or part of what is being asked;

        • whether you need any further evidence of the credit worthiness of your customer and how you would get it;

        • what sort of security would you accept;

        • what kind of term would you offer.

3. Conduct the interview:

    1. if you refuse the loan, write to the client setting out the reasons why you have done so;

    2. if you grant the loan, write to the client setting out the precise terms of the loan.