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Asset Ownership
Filed in
Business English Lesson - Advanced Level
on Sep.24, 2009
1. ......... receipt is issued by an approved depository to a clearing corporation on behalf of an investor evidencing ownership of the underlying call, interest, stock or bond; upon assignment, the depository agrees to deliver the underlying property to the clearing corporation against the aggregate assignment value.
A credit
An escrow
A retainer
A trustee
2. Because accounts receivable is a use of your company's cash, close attention should be paid to the ......... receivables; when you find that they are greater than your sales terms, the first step in analyzing your problem is to age your accounts receivable by multiples of your terms.
charged
current
days
debts
3. An income payment' under a guaranteed income bond contract is treated as a full ......... if it is the final benefit under the contract.
satisfaction
settlement
summation
surrender
4. To maintain their exposure to JGBs, investors should arrange to enter a market ......... open order onto the Tokyo Stock Exchange for its morning session the following business day; as we close positions against the TSE's opening price, using such an order will ensure that there is no loss of price exposure from this procedure.
at
on
to
(none)
5. ......... credit is defined as the maximum amount of all loans an individual can have outstanding at one time, beyond which a lender is unwilling to provide additional loans.
Crest
High
Peak
Top
6. The candlestick techniques we use today originated in the style of technical ......... used by the Japanese over 100 years before the West developed the bar and point-and-figure analysis systems; in the 1700s, a Japanese trader in futures discovered that the markets were strongly influenced by the emotions of the traders.
charting
logging
psyching
tracking
7. The venture division reaches a consensus on whether to pursue the investment further; if the decision is to continue, an investment ......... is written, summarizing the opportunity and the factors leading to the decision, and if a majority of the subcommittee approves the investment, a commitment is made to the partnership.
memorandum
motion
proposal
prospectus
8. Even if your stock reaches or passes through the ......... price, your order may not execute if there are orders ahead of yours at the same price: the orders in line ahead of you must be filled first and there may not be enough stock available to fill your order when its turn comes.
cap
ceiling
limit
zone
9. An investor who buys .........-backed securities provides loans to the homebuyer (or business) as a consequence.
asset
debt
lender
mortgage
10. Non-resident ......... are subject to U.S. tax on U.S. sourced income only and are able to claim benefits of tax treaties.
aliens
citizens
foreigners
immigrants
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