banking vocabulary: package b
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By: H. E. Colby,
author of Top 150 Business English Ace Vocabulary Words
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first refusal:
NOUN : the right of a second party to buy shares or property on the same
terms as a first party.
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first refusal:
Example : The angel investors were able to buy a stake in Mykonos Tower I
under first refusal.
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gross margin
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gross margin:
NOUN : profit after deduction of all costs of material, labor and factory
overhead, but before selling and administrative costs
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gross margin:
Example: CEO always worry about maintaining the gross margins of their
business to remain profitable.
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lien
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lien:
NOUN : a form of security interest granted over an item of property to
secure the payment of a debtor who fails to meet the obligations of a loan
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lien:
Example: The tax agency imposed a lien on the bakery when the owner did
not pay his levy.
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liquidity
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liquidity:
NOUN : the ability to turn assets into cash.
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liquidity:
NOUN : The junior accountant warned his manager that the firm faced a
crisis of liquidity if cash reserves were not increased.
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par value
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par value:
NOUN : the stated face value of a share shown on a stock certificate (no
longer permitted by modern corporate statutes).
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par value:
Example : The par value rarely has any relationship with book value of a
stock.
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piggyback
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piggyback:
NOUN : A clause which allows a party the same rights as another if the
other takes certain actions.
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piggyback:
NOUN : Roskets Sprockets, Inc. used a piggyback sell agreement to dump
worthless shares of Kimbel Soup, Inc.
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P and L Statement
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P and L Statement:
NOUN : Profit and Loss Statement - A financial statement which shows the
revenue and expenses of an operation over a given period of time
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P and L Statement:
NOUN : Accounting prepares a P and L Statement every month for the boss.
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Professor Colby, author of 150 Business English Ace
Vocabulary Words, has been helping students achieve
their English language goals for many years.
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