Business English Lesson — Advanced Level's archive
Futures and Options
1 The CFTC is an agency created in 1974 to regulate US futures and options exchanges; in its authorizing statute, the Exchange Act, Congress recognized that these
markets are important to our economy, and that fraud and manipulation impinged upon the market's ability to perform vital functions of price discovery and risk management
Trang 2“ Foreign tL Investment ts Mercantile
2 Ihe back of both the Powerball and Wildcard 2 tickets sold in Idaho say in part, ‘SIGN THIS TICKET
IMMEDIATELY This ticket is instrument; anyone possessing a winning ticket may claim the prize
(: a bearer
Trang 3(an individual “ a signature
Ồ Sales Outstanding (DSO) is a way of
transforming the accounts receivable number into a handy metric that can be compared with other companies in the same industry to determine which player is managing its receivables collection better
Trang 4“| Direct t Discount
4 Rule 10b-4 prohibits tendering of this type; it provides that a person tendering shares must be net long in all shares tendered both at the time of tender and as of the offer's cutoff date, and had Merrill Lynch executed the sell short order, Booker would have been in violation of the
rule
t| balanced
Trang 5“1 hedged \ withheld
Đ.Ìn auctions, a seller has multiple, identical items to sell, specifying the minimum price and the number of
items available; bidders bid at or above that minimum for the quantity they are interested in purchasing, and at the close of the auction, the highest bidders purchase the items at the lowest successful bid
Trang 6(; Russian {: Scottish
6 Some credit cards let you borrow cash in addition to making purchases on credit, and most companies treat these cash and your purchases differently; for
instance, the APR may be higher than the APR for purchases
Trang 7L2 rebates “ receipts
7 The Employee Retirement Income Act of 1974 (ERISA) is a federal law that sets minimum qualifications for pension plans in private industry; it does not require any employer to establish a pension plan — it only
requires that those who establish plans must meet certain minimum conditions
“ Security
Trang 8(: Standards
“ Surety
8 The objectives of cash flow analysis are to
determine the net present value of a stream of expected future cash revenues and expenditures, and the rate of return which the expected future cash flows will yield on a given level of initial cash investment
Trang 9L2 forwarded \ planned
9 For yen-denominated bonds, the Samurai and the bond markets have coexisted since the 1970s; the former aims at mobilising financial resources from domestic
investors of the issuing market, whereas the latter aims at mobilising financial resources from the broader base of international investors
2 Black Ship
Trang 10“ Euroyen (| Oversea
10 The income statements for the current interim period and cumulatively for the current fiscal year to date have been revised, and statements for the comparable interim periods (current and year-to-date) of the
immediately preceding fiscal year have been added
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