Business English Lesson – Advanced Level's archive Accounting for Depreciation 1. Depreciation represents the expense related to the fixed assets still carried on the books of the company; sometimes the term 'reserve for depreciation' is used. Accumulated Acquired Consolidated Cumulative 2. A firm buying stock seldom had sufficient money balances to complete the required payments; instead it relied on its bank for loans, but as NYSE volume grew, banks and their regulators became alarmed at the amount of credit being extended to support securities transactions. day drop short spot 3. Many futures contract months of the same commodity trade simultaneously on the market, sometimes even years into the future; the contracts other than the current one are called the months, even though they are for future months. back front last past 4. A swaption gives the buyer the right to receive the swap's fixed rate of interest and pay the floating rate of interest; this is a bullish position in bonds, as you profit if rates fall in the future. call put rate take 5. Reconciling to the General Ledger boils down to making sure you know what you owe and what you don't — it's crucial for maintaining business health; it is a fundamental task that can reduce working capital needs and minimize bank borrowings, but it can be a labor- intensive process. assets bad debts cash flow payables 6. It is the consensus of the committee that all banking institutions are capable of providing the basic treasury management and banking services requested; some banks require a smaller balance for no fee services, but their interest rates are adjusted to offset any significant difference in cost. affirmative compensating positive stabilizing 7. An employee stock plan gives you the right to buy a certain number of shares of your employer's stock at a stated price over a certain period of time; often, the shares 'vest' over a period of several years, meaning that some fraction of the shares can be exercised in the first year, another fraction in the second year, etc. occupational opportunity optimum option 8. Section 1035 of the IRS Code allows the movement of non-qualified monies from certain financial products to others without an income tax consequence; this 1035 allows non-qualified monies from an annuity to move to another annuity, or from a life insurance policy to another life insurance policy. Conversion Exchange Rule Transfer 9. In the case of market orders in the active bonds, whose prices are reported on the right side of the quotation board, the broker after noting the latest price on the board, goes directly to the bond and effects a sale at the most favorable bid or asked price he can obtain. box crowd floor quarter 10. Descending are a bearish indication formed when a stock begins a downward trend and makes successively lower lows as it declines. bottoms elevators flights stairs . Business English Lesson – Advanced Level's archive Accounting for Depreciation 1. Depreciation represents the expense related to the. the fixed assets still carried on the books of the company; sometimes the term 'reserve for depreciation& apos; is used. Accumulated Acquired Consolidated Cumulative 2. A firm buying. its bank for loans, but as NYSE volume grew, banks and their regulators became alarmed at the amount of credit being extended to support securities transactions. day drop short spot 3.