Ex. I. Look at the words in the box, all of which are from this unit. Match the words with the correct definition from the list below.

Date: 2015-10-07; view: 485.

VOCABULARY PRACTICE

1. Stock of a corporation that has exhibited faster-than-average gains in earnings over the last few years and is expected to continue to show high levels of profit growth.

2. Claim on assets of a company or individual.

3. Class of capital stock that plays dividends at a specified rate and has preference in the payment of dividends. It does not ordinarily carry voting rights.

4. Stock or bond of a company that has demonstrated over a number of years that it is capable of earning sufficient profits to cover dividends on stocks and interest on bonds with great dependability.

5. Units of ownership of a public corporation. Stockholders are entitled to vote on the selection of directors and other important matters as well as to receive dividends on their holdings.

6. Stock or bond that has been accepted for trading by one of the organized and registered securities exchanges.

7. Date on which the principal amount of a debt instrument becomes due and payable.

8. Organization, usually combined with a commercial bank, which is engaged as a trustee for individuals and businesses.

9. Firm that, for a management fee, invests the pooled funds of small investors in securities appropriate for its stated investment objectives.

10. Person or organization that has the legal standing to enter into a contract and may be sued for failure to perform as agreed in the contract.

11. Maximum number of shares of any class a company may legally create under the terms of its article of incorporation.