Match the following words.

Terms

Text 13.

Retell the text

Put special questions to the text.

Make up sentences with the following word combinations.

Give the Definitions.

Complete the sentences.

Match the following word combinations.

1. A separate account is opened to record…2. Personal loans usu­ally have to be repaid out of an income…3. Sometimes people do not ask for enough money because they arc anxious about…4. To be a borrower you must be a customer of the bank be­cause...

Personal loan, separate account, borrower. regular instalments, regular payment, personal loans,

Current account, fixed sum, personal reasons, relevant docu­ments, recent years, sufficient amount of money, making regular payment.

In order to employ factors of production, a firm has to have finance. This is usually divided into working capital and fixed capital. Working capital is for purchasing single – use factors or variable factors. They are labor, raw materials, petrol, stationary, fertilizers and etc. Finance for working capital can be obtained from a variety of sources: banks, trade, credit, finance companies, factor houses, tax reserves, inter-company finance, advance deposits from customers and the government. For example, a company may secure some funds through the Enterprise Allowance Scheme which on conditions provides an allowance of $ 40 per week for a year when starting a new business.

Fixed capital covers factors which are used many times – factories, machines, land, lorries, etc. Some finance for fixed capital is therefore required initially for advance payments on factory buildings, machinery and so on before the firm is earning revenue, though it is possible to convert fixed capital into working capital by renting buildings, hiring plant and vehicles or by leasing or buying on different payments through a finance company.

Thus many companies, especially new ones, raise capital, both working and fixed, by borrowing, by selling their shares.

1. Translate the following words and word combinations into Russian:

Finance, working capital, fixed capital, raw material, source, inter – company finance, customer, fund, government, tax reserve, payment, earning revenue, finance company, shares, advance payment.