Vocabulary. Part I
Date: 2015-10-07; view: 477.
Give the summary of the five lessons from the World's Biggest Bankruptcies.
Conclusion
A unique set of factors in each case eventually led to these five massive corporate bankruptcies in the U.S. These bankruptcies can provide valuable lessons to individuals and investors, despite the obvious differences in size and complexity between corporate financial statements and personal financial statements. From the perspective of financial planning and personal investments, these lessons are applicable to most individuals, from young investors to seasoned market professionals.
4. Work with vocabulary.Identify the words and word combinations marked brick red and blue in the text with their definitions given in the table below.
| 1. (v) 1. to make greater in size; enlarge; 2. to increase, cause to increase, or be increased in apparent size, as through the action of a lens, microscope, etc.; 3. to make something much worse or more serious | _____________ |
| 2. (v) 1. to do something extreme or unpleasant in order to solve a problem; 2. to do something bad, extreme, or difficult because you cannot think of any other way to deal with a problem | |
| 3. (n) a building or complex in which units of property, such as apartments, are owned by individuals and common parts of the property, such as the grounds and building structure, are owned jointly by the unit owners | |
| 4. (v) to persuade someone to do something, especially something wrong or dangerous, by making it seem attractive or exciting | |
| 5. (adj) being appropriate or relevant; able to be applied; fitting | |
| 6. (v) 1. to support or stimulate the activity or existence of smth; 2. to make something increase or become worse, especially something unpleasant | |
| 7. (v) to cause very great harm or damage | |
| 8. (2 words) 1. the amount of equity required by a lender before they will make a loan; 2. the equity or shareholders' funds in a business is often referred to as the "___________". In a bank, the idea is that if the bank experienced heavy losses, the _________ would protect the other sources of funding, especially the depositors. So the bigger the _________, the safer the bank is and the less likely it is to go under. | |
| 9. (2 words) a general term for any technique to multiply gains and losses. Common ways to attain ____ are borrowing money, buying fixed assets and using derivatives. | |
| 10. (2 words) cover costs | |
| 11. (phrase) within a period of | |
| 12. (2 words) a firm's total assets minus its total liabilities; also expressed as shareholder capital plus retained earnings minus Treasury shares. ______ shows how much a company is financed through common and preferred shares. Also known as share capital, net worth. | |
| 13. (2 words) (also referred to as near-prime, non-prime, and second-chance lending) means making loans to people who may have difficulty maintaining the repayment schedule. | |
| 14. (n) the amount of time that something lasts | |
| 15. (n) 1. a person or company that provides insurance; 2. a financial institution that underwrites a company's shares when they first become available | |
| 16. (v) 1. keep or lay aside for future use; 2. to store something secretly or safely somewhere | |
| 17. (idiom) something that offers both a good and bad consequence | |
| 18. (adj) 1. ready for emergency use; 2. kept in reserve for use when needed | |
| 19. (2 words) a market condition in which the prices of securities are falling, and widespread pessimism causes the negative sentiment to be self-sustaining | |
| 20. (3 words) an asset-backed security or debt obligation that represents a claim on the cash flows from mortgage loans through a process known as securitization | |
| 21. (n) the sudden start of smth, e.g. war, disease, violence, etc. | |
| 22. (n) an investor who buys real estate, usually a house, makes a few improvements, and sells it at a higher price. Colloquially, ____ are thought to buy the house, "slap a coat of paint on it," and re-sell for a large profit. _____ were common even among casual investors during the housing bubble of the early and mid-2000s. | |
| 23. (v) 1. to fall down quickly and suddenly, especially with a rolling movement; 2. if prices or figures tumble, they go down suddenly and by a large amount | |
| 24. (n) a transaction in which a customer receives back money he/she had previously deposited at a bank, pension, or trust | |
| 25. (2 words) to deal with circumstances in cases of emergency | |
| 26. (n) 1. the end of something that used to exist; 2. death; 3. the time when something stops existing | |
| 27. (adj) involving a lot of noise, excitement, confusion, activity, or violence | |
| 28. (2 words) a reserve fund for a company or individual made up of highly liquid investments. A _________ relates to a business or individual holding an ample amount of cash, or other highly liquid assets, in relation to debt, so that a short-term liquidity crunch or other unexpected event will not lead to potentially disastrous consequences. | |
| 29. (n) 1. a state of bankruptcy; 2. a time or period of widespread financial depression (n) | |
| 30. (2 words) go bankrupt (use word 29) | |
| 31. (adj) 1. discreet or cautious in managing one's activities; circumspect; 2. practical and careful in providing for the future; 3. exercising good judgment or common sense | |
| 32. (v) to attack aggressively and damage | |
| 33. (v) 1. to make larger or more powerful; increase; 2. to increase in size, extent, effect, etc., as by the addition of extra material; augment; enlarge; expand; 3. to increase the effects or strength of something | |
| 34. (n) 1. a sudden, disastrous collapse, downfall, or defeat; a rout; 2. a total, often ludicrous failure; 3. an event or situation that is a complete failure |
| <== previous lecture | | | next lecture ==> |
| Lesson 5. _____________________________________________________________ | | | Vocabulary. Part II |