МІНІСТЕРСТВО ОСВІТИ І НАУКИ, МОЛОДІ ТА СПОРТУ УКРАЇНИ

Черкаський політехнічний технікум

Навчальні тексти

з іноземної мови за професійним спрямуванням

для студентів спеціальності:

5.03050802 ”Оціночна діяльність“

(3 курс, V семестр)

Розробив: викладач іноземної мови

А.В.Кособокова

Розглянуто і схвалено цикловою

комісією філологічних дисциплін

Протокол № ____ від _______________ 2011 р.

Голова комісії __________ А.О.Гаврилець

2011

Text 1.

Types of Value

T here are several types and definitions of value sought by a real estate appraisal. Some of the most common are:

Market Value – The price at which an asset would trade in a competitive Walrasian auction setting. Market Value is usually interchangeable with Open Market Value or Fair Value. International Valuation Standards (IVS) define Market Value as:

Market Value is the estimated amount for which a property should exchange on the date of valuation between an educated buyer and a reasonably motivated seller in an arms-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently, and without undue influence.

Value-in-use – The net present value (NPV) of a cash flow that an asset generates for a specific owner under a specific use. Value-in-use is the value to one particular user, and may be above or below the market value of a property.

Investment value – is the value to one particular investor, and is usually higher than the market value of a property.

Insurable value – is the value of real property covered by an insurance policy. Generally it does not include the site value.

Liquidation value – may be analyzed as either a forced liquidation or an orderly liquidation and is a commonly sought standard of value in bankruptcy

Черкаський політехнічний технікум Для студентів III курсу, група ОД

Text № 1. Викладач Кособокова А.В.

proceedings. It assumes a seller who is compelled to sell after an exposure period which is less than the market-normal time-frame.

Word List:

1.	definition
2.	value
3.	appraisal
4.	an asset
5.	auction
6.	to define
7.	the estimated amount
8.	property
9.	valuation
10.	an arms-length transaction
11.	wherein
12.	knowledgeably
13.	prudently
14.	undue
15.	net present value
16.	insurance policy
17.	insurable value
18.	liquidation value
19.	orderly
20.	bankruptcy

Exercises to the text:

Exercise 1. Make up all kinds of questions to the text.

1. ________________________________________________________________

2. ________________________________________________________________

Черкаський політехнічний технікум Для студентів III курсу, група ОД

Text № 1. Викладач Кособокова А.В.

3. ________________________________________________________________

4. ________________________________________________________________

Exercise 2. Translate the sentences into Ukrainian.

1. Market Value is usually interchangeable with Open Market Value or Fair Value.

____________________________________________________________________________________________________________________________________

2. The net present value (NPV) of a cash flow that an asset generates for a specific owner under a specific use.

____________________________________________________________________________________________________________________________________

3. Generally it does not include the site value.

__________________________________________________________________

4. Liquidation value – may be analyzed as either a forced liquidation or an orderly liquidation.

____________________________________________________________________________________________________________________________________

Exercise 3. Correct the spelling mistakes.

1. apraysal ______________________________________________________

2. veluation _____________________________________________________

3. prudantli _____________________________________________________

4. liquideition valuy _______________________________________________

5. bankrupsy ____________________________________________________

Exercise 4. Use the proper tense forms of the verbs.

1. Value-in-use (to be) _________ the value to one particular user.

2. It (to assume) ____________ a seller who (to be) ______ compelled to sell after an exposure period which (to be) _______ less than the market-normal time-frame.

3. International Valuation Standards (IVS) (to define) ____________ Market Value as…

Черкаський політехнічний технікум Для студентів III курсу, група ОД

Text № 1. Викладач Кособокова А.В.

Text 2.