Wednesday 17 July 2024 13:00 PM
Сайт: Система електронного забезпечення навчання ЗНУ
Курс: Іноземна мова професійно-комунікативної спрямованості (4 курс Менеджмент, Підприємництво, торгівля та біржова діяльність) Дибчинська Яна Станіславівна (ІМПКС (4 курс))
Глосарій: Banking Jargon
D
Debit Order
An arrangement whereby a third party gets permission permission to regularly debit the account, for example to pay a cellphone contract.
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Derivatives
the group term for financial contracts between buyers and sellers of commodities or securities.
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E
Emerging markets
financial markets of developing countries.
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F
Financial Services Authority (FSA)
independent body that regulates the UK’s financial services industry.
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Fixed-rate Loan
a loan with a set rate of interest that either does not vary for the entire life of the loan or is fixed for a specified period.
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Fixed-term Savings Account
also known as a fixed deposit, an account in which the deposit is held for a fixed-term or in which withdrawals can be made only after giving notice. Most banks would offer a higher interest rate for leaving the money untouched for a longer period.
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Flexible Savings Account
an account that has the option to withdraw funds whenever as needed, but earns a slightly lower rate of interest for the flexibility.
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Floating / Variable-rate Loan
A variable-rate loan means that the interest rate charged will change according to the increasing and decreasing movement of interest rates.
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Foreign Exchange Market (Forex)
the largest money market in which currencies are traded in the world.
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Front office
function that relates to revenue generating activities for a financial firm.
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