| 1.Long-term financing | a) Money obtained to finance current operations which will be repaid in less than one year |
| 2. Bill of Exchange | b) 1. A contract for buying a property using the property as security for a long-term loan 2. To obtain a loan with a property as security |
| 3. Term loan agreement | c) A payment towards a larger sum usually made at regular intervals |
| 4. Revolving credit | d) A promissory note that requires the borrower to repay the loan in installments that are specified |
| 5. Line of credit | e) A written order to a bank to pay a stated amount of money to a stated person, or, after endorsement, to the bearer on or within a stated time after a given date |
| 6.Short-term financing | f) Difference between income and costs |
| 7. Bond | g) A line of credit that is guaranteed by the agreement bank |
| 8. Hire-purchase | h) The amount of unsecured short-term credit a bank will lend a borrower that is agreed to ahead of time |
| 9. Interest | i) Contract document promising to repay money borrowed by a company or government |
| 10. Margin | j) Paying for something in regular installments |
| 11. Mortgage | k) Synonym for security |
| 12. Collateral | l) A percentage of the capital paid by a borrower to a lender |
| 13. Installment | m) Money obtained from the owners of the firm and lenders which will be repaid over a specific time period longer than one year |
Task 3. Fill in the blanks using the word combinations given below, translate the letter.
Letter 1.
Dear Sirs,
We would like (1)_______ the suggested terms of payment during our negotiation.
The exact date, time and place of the negotiation will (2)______. Being aware of your difficulties our firm (3)_____ in suggesting (4)______.
We will (5)______ a first class bank guarantee for 15% (6)______.
Sincerely yours,
a. made a concession;
b. payment for collection terms;
c. of the contract value;
d. to discuss in detail;
e. be informed for you;
f. undertake to submit
Letter 2.
Dear Sirs,
May we ask you (1)______ and let us know what goods you (2)______.
We (3)_______ in offering you our new products. We ask you (4)______ that you will be able to receive regular information about our activity. We are greatly interested in presenting our firm and learning (5)______.
We (6)______ your approval.
Sincerely yours,
a. are looking forward to;
b. are interested in;
c. more information about your firm;
d. to take into account;
e. to look into the catalogue;
f. take pleasure
Task 4. Choose the correct variant.
1. They didnt lie they simply tried to the truth.
a) conceal
b) prevent
c) reduce
d) warn
2. The music industry is very concerned about infringement.
a) patent
b) copyright
c) trademark
d) intellectual
3. The last test was than the two previous ones.
a) more difficult
b) most difficult
c) the more difficult
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d) the most difficult
4. My boss says I late to work many times. Im fired.
a) have been
b) was
c) had been
d) were
5. The rate of inflation to rise.
a) is expected
b) has expected
c) was being expected
d) expects
6.She said she the tickets the next day.
a) booked
b) had booked
c) would book
d) book
7. The manager finished the work yesterday morning.
a) may
b) could
c) must
d) should have
8.If you arrange for delivery at your risk and expense, we to your price.
a) agree
b) will agree
c) agreed
d) would agree
9. new markets is our main objective for next year.
a) develop
b) developing
c) to develop
d) having develop
10. If I had had enough money, I a real Rolex, but I didnt.
a) would buy
b) bought
c) had bought
d) would have bought
LESSON 7
Task 1. Complete the text with the words in the box.
| 1. suppliers | 5. company | 9. presenting | 13. implementing | 17. operations |
| 2. However | 6. viewpoint | 10. decision-making | 14.microenvironment | 18. defining |
| 3. retailers | 7. products | 11. influenced | 15. developing | 19. markets |
| 4. customers | 8. competitors | 12.intermediaries | 16. marketing | 20. departments |
