banking vocabulary: package c

By: H. E. Colby,

author of Top 150 Business English Ace Vocabulary Words

a production of businessenglishace.com

http://creativecommons.org/licenses/by/2.0/deed.en

sole proprietorship


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sole proprietorship:

NOUN : An unincorporated business whose income and expenses are

treated for tax purposes as those of the individual proprietor



sole propietorship:

Example : Ms. Jane Goodall opened a sole proprietorship to sell her ebooks

online.



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receivables




receivables:

NOUN : money owed as evidenced by invoices issued for goods or services

supplied.




receivables:

Example: Companies carefully track their receivables to avoid a cash

shortage at the end of the month.




retained earnings




retained earnings:

NOUN : accumulated earnings after taxes.




retained earnings:

Example: Accounting delivered a quarterly report of retained earnings to

the Board of Directors.




spread




spread:

NOUN : expression used to describe the difference between the interest

rate they pay on money and the interest rate they charge.




spread:

NOUN : Banks are vigilant to maintain a profitable spread between interest

rates.




tangible assets




tangible assets:

NOUN : assets on the balance sheet which are represented by physical

assets.




tangible assets:

Example : Tangible assets include desks, computers, tables, and chairs in

the office suites.




variable costs




variable costs:

NOUN : costs which vary directly with the level of production or business

activity (different than “fixed costs.”)




variable costs:

NOUN : Variable costs must be kept to a minimum to avoid any financial

difficulties.




working capital




working capital:

NOUN : the amount of funds required to finance day-to-day operations




working capital:

NOUN : Any business needs to maintain a sufficient amount of working

capital to finance its daily operations.




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Professor Colby, author of 150 Business English Ace

Vocabulary Words, has been helping students achieve

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