.............. credit is one of the things suppliers do to help sales.

.............. means the transfer of assets from state ownership to private ownership.

............... her mortgage, she had no debts.

.................. lending, banks must assess the risk of the borrower not being able to repay the loan.

A modem enables you to .................. computers via the telephone system.

A telegraphic transfer will normally credited by the receiving bank ................ .

After the revolution many of old laws were ................. .

All the following are examples of current assets except.

Although the hospital was attacked, doctors continued to work.

Amount deducted each year from profits to allow for the fact that assets lose their value as they got older:

An instruction to a bank to pay a particular amount of money at regular times from a person's bank account to another bank account:

Any resource owned by a company which can be valued in money terms.

BACS is abbreviation of:

Banks are organized .................. for needs specified by the customers.

Banks have to make provision for bad .................... .

Before deciding to market a new product manufacturers get as much information as they can about customer needs as possible.

Being paid for invoices in advance is like .................. .

Buying invoices is another way of ........................ debt.

By automation, all processes that can be done by ............... help to reduce the cost of processing.

Cash flow regulation is when the factoring service .................. .

Choose word for the definition: A business deal which could make a big profit but is very risky.

Choose word for the definition: A business which makes money by buying up other companies debts.

Choose word for the definition: A computer program which stores information systematically.

Choose word for the definition: A detailed summary of a person's or a company's financial condition at a specific point in time, taking into account their assets, liabilities, etc.

Choose word for the definition: A document sent by suppliers to customers describing the goods or services and saying how much money is owed.

Choose word for the definition: A person highly skilled and knowledgeable in one subject or activity.

Choose word for the definition: All the money that a company will have to pay to someone else in the future, including taxes, debts, and interest and mortgage payment.

Choose word for the definition: Cash or something that is easily convertible into cash.

Choose word for the definition: Goods and supplies which the company has bought but not yet used.

Choose word for the definition: Money remaining after all expenses and taxes have been paid.

Choose word for the definition: The bank which transmits the money is called.

Choose word for the definition: The financial position and reputation of a person or a company.

Choose word for the definition: The quality of being trusted to pay a debt.

Choose word for the definition: The total value of sales in one period of time.

Companies often find the best way to expand in a foreign market is to organize a subsidiary in the target country.

Confidential invoice discounting offers ................ .

Credit management deals with the amount of credit to be given to customers and deciding risks ............... giving credit.

Customers not paying their debts mean ................. for a business.

Debts that must be paid within one year:

EFTPOS is: ............... .

Expenses of running a business including salaries, rent, etc. But not including the direct costs of manufacturing:

Factors can also pay their customers the full value of all their invoices at a fixed time each month. In this way they help to regulate their customers’ ………………. .

For a company ,……………. can save the expense of raising invoices and collecting payment from customers.

He bought the wine for the party ……………….. credit.

He failed to ……………….. on time and lost the order.

If the buyer of the goods has a poor credit status, the factoring company might buy the invoices of the supplier ……………. .

If this happens, then it will no longer be true that a loan ………….. the IMF guarantees a country’s creditworthiness.

If thousands of checks are uniform ………….. and shape, they may be processed by computer operated machines.

Which of the following best restates each of the given sentence: The agent are to default on the agreement, we need to take legal action.

Which of the following best restates each of the given sentence: The bank refuses an overdraft at the end of the month because there aren’t enough funds in the accounts at other times.

Which of the following best restates each of the given sentence: Because the consultant didn’t do careful research, he couldn’t identify the gap in the market.

Which of the following best restates each of the given sentence: He wanted to get the money shortly but he didn’t complete the formalities as requested.

Which of the following best restates each of the given sentence: We didn't open an account with you earlier, so we didn’t benefit from all these services.

Major business expenses on large-scale items such as computers and manufacturing machinery:

Many workers industrial fields were to be laid off during a recession.

Much of the work of banks can be …………….. .

My account has an …………… overdraft limit.

Only the manager of the receiving bank can …………… the telegram before a clerk can process it.

Payments ……….. and ………….. bank account can be planned to take place on one day.

Payments are to continue you receive further ………….. in writing.

Payments in the…………………. of credit vouchers are cleared by the BGC.

Personal …………….. are produced electrically by the banks’ central computer.

Repairs and checking provided after a product has been sold:

Several ……………. went bankrupt last year leaving the market comparatively free of competition.

She took her checks to the bank to have her signature ………. .

Sole traders and partnerships are examples of …………….. .

Some businesses survive by paying bills ………………. .

Something of value that secures a loan or other credit; if the borrower cannot repay, the lender can sell it to pay off the loan.

Sometimes they grant loans to people who can’t ………….. to pay them back.

SWIFT is an abbreviation of: …………. .

The …………. don’t allow export of large amounts of capital.

The ……………. ledger contains details of income from sales and unpaid invoices.

The bank of England was founded ……………. the national debt.

The bank should ………….. for each special transaction only those signatures shown on the list of special transactions.

The bank’s base rate …………… calculate different rates for lending.

The beginning of the meeting the secretary of the sports club read from the ………….. book.

The Central Bank tried to control inflation by imposing a …………… squeeze on the banking system.

The cheque clearing process enables the banks ………….. payment.

The Clearing House …………. millions of cheques each day.

The company which owed them money had ………… business, so it was impossible for them to recover their debt.

The company’s ……………… was tied up in unsold goods.

The date on which a loan must be repaid, or the length of time until this date called:

The factoring company makes a …………… by buying invoices at a discount.

The money was transferred …………….. BACS.

The speed of …………… transfers depends on the efficiency of the post office.

The values which are difficult to quantify or turn into cash are called …………… .

They …………….. the balance of my account on their terminal.

They carried ……………… sending my statement to the wrong address.

They explained the …………… of entry to the European Community, during the meeting.

How do you account for the sudden fall in the stock value?

They specialize in petroleum …………… for the plastics industry.

Translate a message in code into ordinary language:

We need information about the size of your company. For example what’s your yearly …………… ?

We need the money to ……………. production.

We received a ……………… from the electricity company about my bill.

What we do next will be determined by the results of our market research.

When a factoring company buys invoices on a with recourse basis, they …………… .

When a factoring company buys invoices on a without-recourse basis, they ……………. .

When she died she left her house to her children. They were …………… of her will.

With computerized payments paperwork is reduced …………….. .

With internet banking you can pay bills ……….. writing cheques or queuing at the bank.

You …………… keep at least 51,000 in the account if you want free banking.

You can calculate ……………. by deducting total liabilities from total assets.

Which of the following best restates each of the given sentence: The bank requires the cheques to be signed by two people before presented for payment.

Which of the following best restates each of the given sentence: You have to show your last balance sheet for any bank loans.

Which of the following best restates each of the given sentence: The staff show their identification in order to cash their cheques.

Which of the following best restates each of the given sentence: We don't reach the breakeven point within six months, so we have to ask for a bank loan.