Banking services

1. Electronic funds transfer system (EFTS) 2. Automated teller machine (ATM)     3. Liquidity   4. Secured loan     5. Unsecured loan   6. Collateral   7. Line of credit   8. Revolving credit agreement 9. Mortgages   10. Letter of credit   11. Safe custody   12. Trusts     13. Brokerage   14. Consulting     15. Draft   16. Bank draft     17. Bank overdraft     18. Bill of exchange     19. Sight draft   20. Banker’s acceptance

— a means of performing financial transactions through a computer terminal or telephone hookup. — a system that allows customers to effect deposits, withdrawals, and funds transfers at any time by using a specially encoded access card and an electronic device instead of human tellers. — the ease with which an asset can be exchanged for money without a significant loss of value. — a loan protected by a pledge from borrowers to forfeit to lenders something of value if the loans are not repaid. — a short-term loan in which the borrower is not required to put up collateral. — real or personal property that a firm or individual owns and that is pledged as security for a loan. — a standing agreement between a bank and a firm in which the bank specifies the maximum amount it will make available to the borrower for a short-term unsecured loan. — a guaranteed line of credit.   — long-term loans specifically for the purchase of real estate. — a document in which the bank guarantees one party (such as a seller) that payment will be made if certain conditions are met (such as delivery of merchandise); letters of credit are common when goods are bought or sold abroad; there is a fee for providing this letter of credit. — a service offered by most commercial banks when they accept deeds, documents, jewelry and other items of property for storage in safe custody on behalf of customers. — the provision of safekeeping and management of funds for individuals or institutions such as pension funds. The bank’s job is to administer the money entrusted to it wisely and for the benefit of the owner; the bank receives a fee for managing these funds. — buying and selling stocks and bonds for their clients. — giving advice to other businesses; assistance provided especially to firms involved in corporate merger takeovers. — an order to pay a sum of money that is written by the drawer (the person who is to receive the money). — a check drawn on a particular bank and obtained from that bank by a debtor for the payment of a debt where the creditor will not accept the debtor’s personal check or the debtor does not have a bank account. — enables customers to overdraw within agreed limits and at any time (to take more money out of a bank account than it contains). — a written order, signed by the person giving it, requiring to pay a certain sum of money to another person on demand or at a fixed time. — a bill of exchange payable at sight, i.e. payable when presented irrespective of when it was drawn. — a written promise by a bank, issued on behalf of a buyer, to pay a designated firm a certain amount by a particular date.

III. Complete these sentences with appropriate words оr word combinations and translate the sentences into Russian:

1. Banks cooperate with……in efforts to stabilize economies.

2. Banks originated as places to which people took their ….. for safekeeping.

3. No interest is paid by the bank on …..

4. Banks lend the deposited money to… who need capital.

5. The bank is… of loanable money.

6. The system of banks… a basis of trust.

7. Bankers, depositors and borrowers agree to behave ….. in relation to each other.

8. The primary function of a bank is to act as.... between depositors and borrowers.

Дата добавления: 2015-09-01