III. Language

Exercise 3. Match the word combinations in column A with their equivalents in column B:

1. financial reserves a).щоденна основа

2. extra capital b).погоджений ліміт

3. trading position c).втрата знижки

4. undistributed profit d).внутрішнє фінансування

5. agreed limit e).додатковий капітал

6. daily basis f).акціонерна компанія закритого типу

7. general public company c).погашати борги

8. private company d).резервні фонди

9. to settle debts e).акціонерна компанія відкритого типу

10. loss of discount f).позиція на ринку, стан (рівень) торгівельних операцій

11. internal finance g).нерозподілений прибуток

Exercise 4. Fill the blanks with the suitable words:

1. … may be needed to expand by buying new premises or developing new products.

(cash-flow, working capital, extra capital)

2. Debt capital is finance obtained through….

(borrowing, issuing shares, ploughing back the pofit)

3. Short-term finance may be necessary to cover normal fluctuations in a firm`s … or possibly seasonal variations.

( marketing activity, investment operations, trading position)

4. …is more suitable for a business wishing to invest in fixed assets such as machinery.

(overdraft, trade credit, debt factoring, fixed-term loan)

5. If a firm needs expensive equipment it may consider … them through a bank or finance house.

(buying, lending, leasing)

6. Owners can … by making shares in the business available for other people.

(decrease expenses, increase their capital, start the business)

Exercise 5. Make up the possible word combinations out of the following and translate them:

Trading money

Internal company

Retained finance

Public capital

Equity issue

Debt payment

Prompt debts

to settle position

share factoring

working costs

long-term

seed

private

running

Exercise 6. Match the definitions to the economic terms in the left column:

Running costs a). finance obtained through borrowing

debt capital b). long-term lending of equipment

equity capital c). a period of time between full form of short-term finance

short-term finance d). a company, which is allowed to make an unlimited number of

shares

retained profit e). the way of increasing capital by ploughing back the profit into the

firm by owners

overdraft f). selling debts to a factoring house which then settles them as they

arise

fixed-term loan g). type of credit that allows the firm to spend more than it has in its

account

leasing h). costs on such items as wages, material and rent

trade credit i). a capital obtained by owners` increased investment or by a sale of

part of their interests in the firm

debt factoring j). ownership of a part of an enterprise obtained by payment

long-term finance k). investment in fixed assets such as machinery

securities l). finance which may be needed for up to ten years

public company m). finance which may be necessary to cover normal fluctuations in a

firm`s trading position or possibly seasonal variations.