banking vocabulary: package b

By: H. E. Colby,

author of Top 150 Business English Ace Vocabulary Words

a production of businessenglishace.com

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first refusal


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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.



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




gross margin:

NOUN : profit after deduction of all costs of material, labor and factory

overhead, but before selling and administrative costs




gross margin:

Example: CEO always worry about maintaining the gross margins of their

business to remain profitable.




lien




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.




liquidity




liquidity:

NOUN : the ability to turn assets into cash.




liquidity:

NOUN : The junior accountant warned his manager that the firm faced a

crisis of liquidity if cash reserves were not increased.




par value




par value:

NOUN : the stated face value of a share shown on a stock certificate (no

longer permitted by modern corporate statutes).




par value:

Example : The par value rarely has any relationship with book value of a

stock.




piggyback




piggyback:

NOUN : A clause which allows a party the same rights as another if the

other takes certain actions.




piggyback:

NOUN : Roskets Sprockets, Inc. used a piggyback sell agreement to dump

worthless shares of Kimbel Soup, Inc.




P and L Statement




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




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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