Financial-Banking College

Glossary
of English terms

Teacher: Branite Silvia Student: Midari Silvia FA 0604 G

Chisinau 2010

Account
a formal contractual relationship established to provide for regular banking or brokerage or business services;

Accounting
a system that provides quantitative information about finance;

Advertising
the business of drawing public attention to goods and services;

Application letter
is a letter that is typically used to apply for a job;

Auction
the public sale of something to the highest bidder;

Balance Sheet
a record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets;

Bank
a building in which commercial banking is transacted;

Bond
a certificate of debt that is issued by a government or corporation in order to raise money;

Board Of Directors
a group of persons chosen to govern the affairs of a corporation or other large institution;

Bookkeeping
the activity of recording business transactions;

Business
the activity of providing goods and services involving financial and commercial and industrial aspects;

Business negotiation
the transaction of business between nations; the mutual intercourse of governments by diplomatic agents, in making treaties, composing difference;

Business writing
any legal instrument, as a deed, a receipt, a bond, an agreement, or the like;

Contract
a binding agreement between two or more persons that is enforceable by law;

Consumer
a person who uses goods or services;

Corporation
a business firm whose articles of incorporation have been approved in some state;

Customs
money collected under a tariff;

Fair competition
a competitive exhibition of products;

Finance
the commercial activity of providing funds and capital;

Financing
the act of commercial activity of providing funds and capital;

Income Statement
a financial statement that gives operating results for a specific period;

Interview
discuss formally with (somebody) for the purpose of an evaluation;

Loan
the temporary provision of money (usually at interest);

Management
the act of managing something;

Market Economy
an economy that relies chiefly on market forces to allocate goods and resources and to determine prices;

Marketing
the commercial processes involved in promoting and selling and distributing a product or service;

Mass media
those channels of communication that reach large number of people;

Money
the official currency issued by a government or national bank;

Offer
the verbal act of offering something;

Partnership
a contract between two or more persons who agree to pool talent and money and share profits or losses;

Press
the state of urgently demanding notice or attention;

Price
value measured by what must be given or done or undergone to obtain something;

Producer
someone who finds financing for and supervises the making and presentation of a show ;

Product
commodities offered for sale;

Promotion
act of raising in rank or position;

Report
a written document describing the findings of some individual or group;

Retailing
the activities involved in selling commodities directly to consumers;

Share
assets belonging to or due to or contributed by an individual person or group;

Proprietorship
an unincorporated business owned by a single person who is responsible for its liabilities and entitled to its profits;

Wholesaler
someone who buys large quantities of goods and resells to merchants rather than to the ultimate customers;