Unit II small-scale business

Glossary

sole proprietorship частное предприятие

to be liable(for) нести юридическую ответственность

debt долг

to cover debts покрыть долги

to sue возбуждать уголовное дело;

подвергнуть судебному разбирательству

to accrue нарастать, накапливаться

efficient производительный, эффективный

to undertake предпринимать что-либо,

брать на себя определенные функции

to borrow занимать, одалживать

equity доля собственности

assets активы

partnership товарищество

estate имущество, состояние

indemnity гарантия от убытков;

возмещение; компенсация

severally отдельно, индивидуально

allot выделять, предназначать, отводить

security обеспечение, гарантия, залог.

incur (liability, losses) нести (юр. ответственность, убытки)

commit поручать, закладывать, передавать

memorandum of association = договор об учреждении акционерного

articles of association общества, устав

GDP= Gross Domestic Product ВВП=Внутренний Валовый Продукт

concert согласие

Ex. 1 Translate the following groups of words paying attention to the word-building elements:

efficient - efficiency - efficiently; severe - severely -severity; to supplement - a supplement - supplementary; to adapt – adaptation – adaptive - adaptor; to tend - tendency; to process – process – processor; to insure - insurance; to produce - production -productive - productivity; legal - legally- illegally; to own - own - owner - ownership; enterprise - enterpriser; to borrow – borrowing - borrower, to promote - promotion-promotional - promoter, liable – liability; to undertake – undertaking – undertaker.

Ex. 2 Consult a dictionary and write down all the meanings of the words "share" and "due". What meaning is suitable for the texts of this unit?

Ex. 3 Translate the following sentence paying attention to the word "cushion". Explain the interconnection between the primary and contextual meanings.

A firm that loses can still repay its debts as long as the loss is no larger than the owner's own investment in the business, for the owner's share of the total wealth, the owner's equity, provides a cushion to protect the creditors.

Ex. 4 Match the words from list A with their synonyms from list B:

A. type, proprietorship, to center, profit, to be liable, distinction, owner, sole, incentive, efficient, to encourage, to involve, undertaking, possession.

B. Private, enterprise, to include, property, to stimulate, successful, possessor, stimulus, difference, to be responsible, income, to concentrate, ownership, kind.

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