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Banking and Finance

CAPITAL EXPENDITURE kæpɪtl ɪkˈspɛndɪtʃər

Noun

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

LUCRATIVE lukrətɪv

Adjective

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

BANKER’S DRAFT bæŋkərs dræft

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.
 

BUYOUT baɪˌaʊt

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.
 

RAISE CAPITAL reɪz kæpɪtl

Verb

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

EQUITY ɛkwɪti

Noun

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

BANKRUPT bæŋkrʌp

Noun

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

STONE BROKE /stoʊni broʊk/

Phrase

  • If you are stone broke, you are completely without money.
Example Sentences: Don't ask Jim to lend you any money; he's stone broke.
 

LETTER OF CREDIT  

Noun

  • a letter from a bank that guarantees a payment to a specified person.
Example Sentence: The seller requires a letter of credit to secure payment.
 
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