Banking and Finance

CURRENCY CONTROL kɜrənsi kənˈtroʊl

19 Aug 2019

Noun

  • controlling the exchange of foreign money to protect domestic interests.
Example Sentence: The national bank is introducing currency controls to support industry.
 

RAISE CAPITAL reɪz kæpɪtl

21 Jul 2019

Phrase

  • to try to get money for a business venture.
Example Sentence: The factory was sold to raise capital.
 

LETTER OF CREDIT /ˈbɛt ər ʌv ˈkrɛd ɪt/

14 Jul 2019

phrase

  • A Letter of Credit or L/C is a binding document that a buyer can request from his bank in order to guarantee that the payment for goods will be transferred to the seller. Basically, a letter of credit gives the seller reassurance that he will receive the payment for the goods. In order for the payment to occur, the seller has to present the bank with the necessary shipping documents confirming the delivery of goods within a given time frame. It is often used in international trade to eliminate risks such as unfamiliarity with the foreign country, customs, or political instability.
Example Sentences:We never release a shipment until a letter of credit has been issued.
The buyer applies to the bank for a letter of credit to be issued.
 

CAPITAL EXPENDITURE kæpɪtl ɪkˈspɛndɪtʃər

02 Jul 2019

Noun

  • the cost of long-term improvements.
Example Sentence: They do not have enough cashflow to cover their capital expenditure.
 

BUYOUT baɪˌaʊt

01 Jul 2019

Noun

  • when a person or group buys control of a company.
Example Sentence: A private equity firm has completed its $3.5bn buyout of the UK music group.
 

LUCRATIVE lukrətɪv

29 May 2019

Adjective

  • making a lot of money.
Example Sentence: He has signed a lucrative deal with a new record label.
 

BANKER’S DRAFT bæŋkərs dræft

27 Feb 2019

Noun

  • a written promise from a bank to pay money, especially to another bank.
Example Sentence: We require a banker's draft to secure the deal.
 

RAISE CAPITAL reɪz kæpɪtl

30 Nov 2018

Verb

  • to try to get money for a business venture.
Example Sentence: The factory was sold to raise capital.
 

EQUITY ɛkwɪti

14 Nov 2018

Noun

  • the value of a company’s shares.
Example Sentence: This quarter produced a return on equity of 8.85%.
 

BANKRUPT bæŋkrʌp

02 Nov 2018

Noun

  • financially unable to continue business.
Example Sentence: The company went bankrupt due to mismanagement.
 

TAKE A NOSEDIVE  

17 Oct 2018

Phrase

  • to collapse, to decrease in value.
Example Sentence: The stock market took a nosedive when the earnings of the oil company decreased.
 

SADDLED WITH DEBT  

07 Oct 2018

Phrase

  • to be burdened with debt.
Example Sentence: Our company is saddled with debt and must do something about it quickly.
 

ON CREDIT ɒn krɛdɪt

31 Aug 2018

Phrase

  • without paying cash.
Example Sentence: We usually buy most of our furniture on credit.
 

MAKE MONEY HAND OVER FIST  

28 Aug 2018

Phrase

  • to make a lot of money.
Example Sentence: The small ice cream shop has been making money hand over fist since it first opened last year.
 

MAKE AN OFFER  

27 Aug 2018

Phrase

  • to make a financial proposal for a product or service.
Example Sentence: We want to buy the house and we plan to make an offer on Saturday.
 
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