UNIT 3

3.1 asset (n) /ˈæset/ a thing of value, Because the

especially property, company is in
that a person or default of money to
company owns, pay the debt, the
which can be used bank freezes the
or sold to pay debts company’s assets
3.1 risk-averse (adj) /ˈrɪsk əvɜːs/ not willing to do He is a risk-averse
something if it is person because he
possible that spends all his
something bad could fortune to buy
happen as a result lottery
3.1 insure (v) /ɪnˈʃʊə(r)/ to buy insurance so You should insure
that you will receive yourself against
money if your accident and
property, car, etc. illness
gets damaged or
stolen, or if you get
ill or die
3.2 contractor (n) /kənˈtræktə(r)/ a person or The building
company that has a contractor have to
contract to do work take responsibility
or provide goods or for this accident
services for another
company
3.2 time deposit (n) /tīm dəˈpä zət a deposit in a bank you can earn 2.3
account that cannot million from time
be withdrawn deposit account
before a set date, or because the
for which notice of interest rate is
withdrawal is 2.3% now
required.
3.2 waterfront (n) /ˈwɔːtəfrʌnt/ a part of a town or There are a lot of
an area that is next famous restaurants
to water, for in the town's
example in a waterfront
harbour
3.2 underwrite (v) /ˌʌndəˈraɪt/ to accept financial The bank pays 50
responsibility for an million $ for
activity so that you insurance
will pay for special underwriting
costs or for losses it
may make
3.2 merchant /ˌmɜːtʃənt the business activity We should open a
banking (n) ˈbæŋkɪŋ/ of banks that deal merchant banking
with large to control all this
businesses, helping business activity
with buying and
selling large
numbers of shares
UNIT 3
in different
companies
3.2 performance /pərˈfô rməns a bond issued by a The performance
bond bä nd/ bank or other bond is cancelled
financial institution, because the project
guaranteeing the has been
fulfilment of a completed
particular contract.
3.3 eligibility (n) /ˌelɪdʒəˈbɪləti/ the state of being The age eligibility
able to have or do for the President of
something because the USA is 35 years
you have the right old
qualifications, are
the right age, etc.
3.3 federal (adj) /ˈfedərəl/ having a system of the federal
government in government has
which the individual enacted a new law
states of a country about the abortion
have control over
their own affairs,
but are controlled
by a central
government for
national decisions,
etc.
3.4 sizeable (adj) /ˈsaɪzəbl/ large He has just bought
a sizeable house
which need a lot of
money
3.4 hedge fund (n) /ˈhedʒ fʌnd/ an investment fund He wants to be get-
involving a group of quick-rich so he
people who take invests a lot of
high risks with their money in hedge
investments in order fund
to try and make a lot
of money
3.5 thrifts (n) /θrɪft/ a type of bank in the Nowadays, thrifts
US that allows you association is
to save money or believed being a
borrow money to reliable, safe place
buy a house to put their money
3.6 prohitbit (v) /prəˈhɪbɪt/ to stop something People are
from being done or prohibited
used especially by smoking in public
law
3.6 usury (n) /ˈjuːʒəri/ the practice of Because of usury,
lending money to my family was
people at unfairly bankrupt
high rates of interest
UNIT 3
3.6 leasing (n) /ˈliːsɪŋ/ the act of using or The government
letting somebody has agreed on the
use something, leasing of state
especially property property for
or equipment, in building the new
exchange for rent or factory
a regular payment
3.6 joint venture (n) /ˌdʒɔɪnt a business project or Vinfast and
ˈventʃə(r)/ activity that is begun AAPICO has
by two or more entered into a joint
companies, etc., venture agreement
which remain to develop a new
separate electric car
organizations