var word=new Array(); var expl=new Array(); word[0]="Account:"; expl[0]="in this sense, a record of financial transactions; money on deposit in a bank. \n\n I guess your work has to do with checking accounts. \n\n We've had an account with them for years. \n\n You don't make much on that kind of account."; word[1]="Board of directors:"; expl[1]="a group of people who control the activities of a bank or company. \n\n Are the members of the board of directors stockholders? \n\n When will the board of directors meet? \n\n\ He's a member of the board of directors."; word[2]="Capital:"; expl[2]="in this sense, the money used to start a bank or company. \n\n They put up the necessary capital. \n\n What is the amount of the capital? \n\n They had some trouble raising the capital."; word[3]="Cashier:"; expl[3]="an officer of a bank in charge of the money which goes in and out of a bank or company. \n\n They hire the president and vice-president, along with the cashier. \n\n You'd better see the cashier about that. \n\n The cashier is on vacation just now."; word[4]="Charter:"; expl[4]="in this sense, permission granted by the government to do business. \n\n They were granted a charter by the government. \n\n When was the charter granted? \n\n I don't think they'll be able to get a charter."; word[5]="Checking account:"; expl[5]="an account in a bank from which money can be drawn by check. \n\n I guess your work has to do with checking accounts. \n\n How much money is left in my checking account? \n\n I'd like to close my checking account."; word[6]="Clerical:"; expl[6]="having to do with the keeping of records and with correspondence. \n\n The board hires them, along with the clerical workers. \n\n We're behind on our clerical work. \n\n Do you have any clerical jobs open now?"; word[7]="Dividend:"; expl[7]="a sum of money paid to a stockholder or shares of stock issued to him out of profits in relation to his investment. \n\n The stockholders receive regular dividends. \n\n The last dividend was quite large. \n\n How much did you receive in dividends?"; word[8]="Invest:"; expl[8]="put money into a business in order to make a profit. \n\n Yes, but we invest money, too. \n\n I'd like to invest in some mutual bonds. \n\n How much money does she have to invest?"; word[9]="Investment:"; expl[9]="money put into a business in order to make profit; the act of doing this. \n\n Planning the bank's investments is very important. \n\n I want to talk to you about my investments. \n\n Would you make an investment of that kind?"; word[10]="Loan:"; expl[10]="in this sense, money which will be returned with an additional payment for its use; the act of giving out such money. \n\n I guess your work has to do with making loans. \n\n He's afraid he's made a bad loan. \n\n What is the amount of the loan?"; word[11]="President:"; expl[11]="the officer who has the major responsibility for the management of a business. \n\n The board hires the president and the vice-presidents. \n\n This decision will have to be made by the president. \n\n Doesn't that company have a new president?"; word[12]="Profit:"; expl[12]="earnings remaining after all the expenses of a business activity have been paid. \n\n Do you divide all the profits among the stockholders? \n\n We expect to make a nice profit this year. \n\n The profits have been slowly rising."; word[13]="Reserves:"; expl[13]="in this sense, earnings kept back for later use. \n\n Some of our earnings are held in reserve accounts. \n\n Their reserves are getting pretty low. \n\n They were lucky to have such large reserves."; word[14]="Savings account:"; expl[14]="an account in a bank on which the depositor receives interest. \n\n I guess your work has to do with savings accounts. \n\n They have a savings account with us. \n\n He decided to put the money in a savings account."; word[15]="Statement:"; expl[15]="in this sense, an announcement of a bank's financial condition. \n\n Here's copy of our last published statement. \n\n You have every reason to be proud of this statement. \n\n Our new statement will be published next week."; word[16]="Stockholder:"; expl[16]="party who holds part ownership in a company. \n\n The stockholders own it. \n\n The statement will be sent to all the stockholders. \n\n He's one of your largest stockholders."; word[17]="Surplus:"; expl[17]="money owned by a company in addition to its capital. \n\n The reserves are shown here as surplus and undivided profits. \n\n The surplus is now as large as the capital. \n\n They've built up a nice surplus."; word[18]="Teller:"; expl[18]="an employee in a bank who pays out and receives money. \n\n The board hires them, along with the tellers. \n\n Take this to one of the tellers windows. \n\n The teller took the problem to the cashier."; word[19]="Undivided profits:"; expl[19]="profits not yet paid out as dividends or added to the surplus. \n\n The reserves are shown here as surplus and undivided profits. \n\n I didn't know the undivided profits were this high. \n\n How much undivided profit do you have?"; word[20]="Vice-president:"; expl[20]="an officer in a company who assists the president. \n\n The board hires the president and the vice-president. \n\n This department is supervised by a vice-president. \n\n One of the vice-presidents can handle this matter."; word[21]="Bank draft:"; expl[21]="a type of exchange; a document whereby a bank requests another bank to accept liability for making payment. \n\n Why are bank drafts sometimes preferred over checks?\n\n The payment was made by bank draft.\n\n Please give me a bank draft for this amount."; word[22]="Bank money order:"; expl[22]="a type of exchange; a bank's unqualified promise to pay a specified sum to a specific individual or corporation, sold by the bank against payment of cash.\n\n That's also true of bank money orders.\n\n I can give you a bank money order, if you prefer that.\n\n He always pays us by bank money order."; word[23]="Bank note:"; expl[23]="a currency issued to a bank by the Federal Reserve Banks.\n\n Well, what's a bank note?\n\n Are there bank notes in all denominations? \n\n Yes, a bank note is legal tender."; word[24]="Bearer:"; expl[24]="the person who is named as payee in a piece of exchange, or who presents it for payment.\n\n The bearer need only present proper identification.\n\n The check is made out to the bearer.\n\n Doesn't the bearer also guarantee payment?"; word[25]="Bill:"; expl[25]="in this sense, a piece of paper currency.\n\n We constantly handle bills of every denomination. \n\n This bill is torn almost in half. \n\n May I please have some small bills?"; word[26]="Cash:"; expl[26]="change into currency.\n\n Even merchants will cash them.\n\n They won't cash it without proper identification.\n\n I'd like to cash this bank draft, please."; word[27]="Cashier's check:"; expl[27]="a negotiable form of exchange issued by a bank to a specific order and endorsed by an officer of the bank.\n\n Is that true of cashier's checks, too?\n\n Do you issue many cashier's checks?\n\n A cashier's check was enclosed with the letter. "; word[28]="Certificate:"; expl[28]="a written statement given or held as proof of something.\n\n They're legal tender just as silver certificates are.\n\n The certificate indicates the amount of money involved.\n\n The president will sign the certificate. "; word[29]="Certified check:"; expl[29]="a type of exchange; a check drawn by an account holder and certified by the bank that funds are available. \n\n That's also true of certified checks. \n\n A certified check would be safer. \n\n Have we issued any certified checks today?"; word[30]="Certify:"; expl[30]="guarantee the truth or worth of something.\n\n That's also true of certified checks. \n\n The bank will certify this check. \n\n It must be certified in writing."; word[31]="Check:"; expl[31]="in this sense, a written order to a bank to pay the stated amount of money. \n\n But a check isn't legal tender. \n\n We never accept checks from strangers. \n\n The check was cashed on the first of the month."; word[32]="Coin:"; expl[32]="a piece of currency made of metal. \n\n We constantly handle coins of every denomination. \n\n This type of coin is no longer used. \n\n These coins will have to be counted again."; word[33]="Federal Reserve System:"; expl[33]="a banking system set up by the government of the United States to regulate currency and banking policies. \n\n Bank notes are issued by the banks of the Federal Reserve System. \n\n Is this bank a member of the Federal Reserve System? \n\n The Federal Reserve System was set up in 1913."; word[34]="Identification:"; expl[34]="proof that a person is who he or she says he is. \n\n The bearer need only present proper identification. \n\n Do you have some kind of identification? \n\n Many people carry identification cards."; word[35]="In live of:"; expl[35]="instead of. \n\n They're generally accepted in lieu of currency. \n\n Can you give me something to hold in lieu of a certificate? \n\n Whatever you accept in lieu of money should be negotiable."; word[36]="Issue:"; expl[36]="in this sense, prepare and give out. \n\n They're issued by the banks of the Federal Reserve System. \n\n By what bank was the money order issued? \n\n The certified check was issued just a week ago."; word[37]="legal tender:"; expl[37]="money guaranteed by a government. \n\n They're what you call legal tender. \n\n Is this a negotiable form of exchange? \n\n I'd prefer something more negotiable."; word[38]="Sight draft:"; expl[38]="a form of request for payment through a bank. \n\n Now, sight drafts are different. \n\n Get the bank to present your sight draft. \n\n We received the sight draft in this morning's mail."; word[39]="Currency:"; expl[39]="in this sense, money issued by the government for general use. \n\n They're what you call currency. \n\n They'll accept payment only in currency. \n\n What's the total amount of currency on hand?"; word[40]="Denomination:"; expl[40]="in this sense, unit of value. \n\n We handle coins and bills of every denomination. \n\n What denominations would you like? \n\n The bills were in smaller denominations."; word[41]="Exchange:"; expl[41]="in this sense, a means of transferring money; anything with money value used in such an action. \n\n The bank must use just about every form of exchange. \n\n Were there any fees involved in the exchange? \n\n Currency is a form of exchange."; word[42]="Silver certificate:"; expl[42]="a type of paper currency issued by the government against silver deposited with it. \n\n They're legal tender just as silver certificates are. \n\n Are silver certificates issued in all denominations? \n\n Is it a silver certificates issued in all denominations?"; word[43]="Traveler's check:"; expl[43]="a check issued by a bank or other qualified corporation in a fixed denomination and becoming negotiable upon endorsement by the purchaser. \n\n Are traveler's checks currency? \n\n What's the fee for issuing traveler's checks? \n\n Would you cash some traveler's checks for me?"; word[44]="Active:"; expl[44]="in this sense, frequently used.\n\n And it's a pretty active account.\n\n How active is their account? \n\n This account hasn't been very active lately."; word[45]="Balance:"; expl[45]="in this sense, the amount remaining in an account.\n\n They must keep a sufficient balance.\n\n Would you tell me my balance, please?\n\n Your balance is below the minmium."; word[46]="Canceled:"; expl[46]="in this sense, stamped to indicate that payment has benn made.\n\n He receives this with all his canceled checks.\n\n You can use your canceled check as proof of payment.\n\n I haven't received my canceled checks yet."; word[47]="Debit:"; expl[47]="n., a figure in a ledger indicating a withdrawal or a charge; v., to deduct from an account.\n\n What's this debit?\n\n Total all the debits on this page.\n\n The debit is larger than the balance."; word[48]="Deposit:"; expl[48]="money put into an account.\n\n Each page is a record of deposits and withdrawals.\n\n He made his first deposit in May.\n\n Is the deposit large enough to cover the overdraft?"; word[49]="Genuine:"; expl[49]="true, actually being what it appears to be.\n\n Any check we cash must have a genuine signature.\n\n Oh, I'm sure the draft is genuine.\n\n Are you sure the certificate is genuine?"; word[50]="Joint account:"; expl[50]="an account held in the names of two or more persons.\n\n This one is a joint account, isn't it?\n\n We set up a joint account for them.\n\n It's a joint account, but she seldom uses it."; word[51]="Ledger:"; expl[51]="a book in which records of accounts are kept.\n\n This is the checking account ledger.\n\n Nothing like that is shown on the ledger.\n\n One of my jobs is to keep this ledger up to date."; word[52]="Outstanding:"; expl[52]="in this sense, written but not yet presented for payment by the bank.\n\n The balance must cover all outstanding checks.\n\n I have two outstanding checks for $50.00 each.\n\n What's the total of your outstanding checks?"; word[53]="Overdraft:"; expl[53]="an amount by which withdrawals are greater than the balance in an account.\n\n I notice an overdraft here in February.\n\n The bank called to say that I have an overdraft.\n\n I'm awfully embarrassed about this overdraft."; word[54]="Posting:"; expl[54]="in this sense, recording figures in a ledger.\n\n Will I be doing any posting of this ledger?\n\n The posting isn't finished yet.\n\n Most of my work is posting."; word[55]="Reconcile:"; expl[55]="in this sense, compare and make agree.\n\n He reconciles it with his own records.\n\n You should reconcile your account every month.\n\n When I reconciled my account, I found the mistake."; word[56]="Service charge:"; expl[56]="in this sense, a fee collected by a bank for its checking account services.\n\n That's our service charge. \n\n How do you figure your service charge?\n\n There's no service charge on this account."; word[57]="Signature:"; expl[57]="a person's name as he or she writes it.\n\n Will I have to learn to recognize all our customers' signatures?\n\n Are you sure the signature is genuine?\n\n Will you please sign this signature card?"; word[58]="Statement:"; expl[58]="in this sense, a record of a customer's deposits and with-drawals.\n\n That's his statement.\n\n We mail statements to all our customers.\n\n I think there's a small error in my statement."; word[59]="Withdrawal:"; expl[59]="money removed from an account; the act of removing it.\n\n Each page is record of deposits and withdrawals.\n\n You made two withdrawals on this date.\n\n The last withdrawal has not been subtracted from the balance."; word[60]="Compound:"; expl[60]="in this sense, figure on the principal plus any accrued interest. \n\n It's compounded and added to the account . \n\n You'll have to learn how to compound interest. \n\n Have you compounded the interest on that account?"; word[61]="Credit:"; expl[61]="in this sense, add to an account; enter in a ledger so that the balance is increased.\n\n It's compounded and credited to the account. \n\n Can you credit my account with that amount? \n\n I don't think the deposit was credited to my account?"; word[62]="Federal Deposit insurance Corporation (FDIC):"; expl[62]="an agency of the government of the United States that insures up to $40,000 of the account of each depositor in state and national banks. \n\n We're a member of the FDIC. \n\n When was the FDIC established? \n\n Every national bank must belong to the FDIC."; word[63]="Funds:"; expl[63]="money. \n\n I have some idle funds. \n\n They don't have the necessary funds. \n\n His funds are low at this time."; word[64]="Insurance:"; expl[64]="protection against a loss. \n\n We're a member of the FDIC. \n\n Insurance usually doesn't cover the entire loss. \n\n How much insurance do you have on your car?"; word[65]="Liquid:"; expl[65]="in this sense, readily changeable into money. \n\n You should keep your in vestment fairly liquid. \n\n Liquid investments usually yield less. \n\n Is thes type of investment liquid?"; word[66]="Maturity:"; expl[66]="in this sense, the point at which a loan or investment is due. \n\n We pay the maximum four percent per annum at maturity. \n\n What is the maturity date for this loan? \n\n The interest is payable only at maturity."; word[67]="Negotiable Order of Withdrawal (NOW) account:"; expl[67]=" interest-bearing checking account. I put $300 in a NOW account. \n\n I prefer NOW accounts to savings accounts. \n\n Can I open a NOW accouchement"; word[68]="Notice:"; expl[68]="in this sense, an announcement. \n\n Thirty days' notice of withdrawal may be required. \n\n I received a notice that my loan is due. \n\n We mail the notices ahead of time."; word[69]="Passbook:"; expl[69]="a small book issued to a savings account customer in which each deposit and withdrawal is entered. \n\n We issue you a passbook on your savings account. \n\n You can't made a withdrawal without your passbook, so remember to bring it with you. \n\n Keep your passbook in a safe place."; word[70]="Principal:"; expl[70]="in this sense., the unpaid balance or portion of a loan or investment, on whicg the interest is figured. \n\n Interest is added to the principal. \n\n Are you making payments on the principal? \n\n This is the original amount of the principal."; word[71]="Quarterly:"; expl[71]="four times a year. \n\n Interest was payer quarterly. \n\n Quarterly payments were made on this account \n\n Are the payments made quarterly?"; word[72]="Rate of interest:"; expl[72]="the percentage paid for the use of money. \n\n Do these accounts draw the same rate of interest? \n\n Interest accrues at the rate of three percent. \n\n The maximum rate of interest set by law Is six percent per annum."; word[73]="Term:"; expl[73]="in this sense, a period of time. \n\n Your time deposit is for a specific term. \n\n I'm interested in making a long-term loans? \n\n Does this bank offer short-term loans?"; word[74]="Time certificate:"; expl[74]="a certificate given to one who makes a time deposit. \n\n We pay four percent on a one-year time certificate. \n\n Your time certificate is proof of your deposit. \n\n The time certificate shows the date of maturity."; word[75]="Time deposit:"; expl[75]="a savings deposit made for a specified term. \n\n You might also consider a time deposit. \n\n My time deposit draws four percent interest. \n\n The interest is higher on a time deposit."; word[76]="Transferable:"; expl[76]="able to be signed over to another person. \n\n Is either type of account transferable? \n\n I'd rather have my money in a transferable account. \n\n When he bought it, he understood that it was transferable."; word[77]="Amortize:"; expl[77]="make regular payments on the principal as well as the interest. \n\n Is the mortgage on your fixed assets being amortized? \n\n We'd like this indebtedness to be amortized. \n\n At what rate can you amortize this note?"; word[78]="Asset:"; expl[78]="anything owned that has financial value. \n\n Is the mortgage on your fixed assets being amortized? \n\n The balance in your savings account is an asset. \n\n Then subtract your liabilities from your assets."; word[79]="Balance sheet:"; expl[79]="a brief statement of a party's financial condition. \n\n We want more information about certain items on your balance sheet. \n\n You should first prepare a balance sheet. \n\n List all your assets on the balance sheet."; word[80]="Collateral:"; expl[80]="anything pledged as security for a loan. \n\n Would your company pledge part of its current assets as collateral security? \n\n What can you offer as collateral? \n\n I'm afraid we'd require more collateral security."; word[81]="Credit:"; expl[81]="in this sense, permission to borrow money as the need arises. \n\n They're still discussing your application for credit. \n\n We'll be glad to extend credit to your company. \n\n That's credit account, isn't it?"; word[82]="Current assets:"; expl[82]="assets other than real estate, which can be readily changed into money. \n\n Would your company pledge part of its current assets? \n\n What does he have in the way of current assets? \n\n Their current assets will be sufficient collateral."; word[83]="Debt:"; expl[83]="anything owed. \n\n Part of this money will be used to retire present debts. \n\n He's extremely worried about his debts. \n\n Our profits will be used to pay off our debt."; word[84]="Discount:"; expl[84]="in this sense, having to do with making loans and purchasing investments at a price below their maturity value so that a profit can be made. \n\n Our discount committee is still discussing your application. \n\n The discount department will have to handle this matter. \n\n When will the discount committee meet?"; word[85]="Fixed asset:"; expl[85]="an asset, such as real estate which cannot be readily changed into money. \n\n Is the mortgage on your fixed assets being amortized? \n\n His fixed assets include an apartment house. \n\n What is the total value of your fixed assets?"; word[86]="Indebtedness:"; expl[86]="debt. \n\n Your balance sheet shows some other indebtedness. \n\n I want to liquidate my indebtedness. \n\n Indebtedness is a liability."; word[87]="Liability:"; expl[87]="in this sense, any financial obligation. \n\n We can begin to liquidate this new liability. \n\n Are these your only liabilities? \n\n We want to clean up some of our liabilities."; word[88]="Liquidate:"; expl[88]="in this sense, pay off. \n\n We can begin to liquidate this new liability. \n\n They've asked me to liquidate the note soon. \n\n He's liquidated all his liabilities."; word[89]="Mortgage:"; expl[89]="an agreement to give up the collateral which has been pledged if a debt is not paid. \n\n Is the mortgage on your fixed assets being amortized? \n\n Do you have a mortgage on this building? \n\n What's the term of the mortgage?"; word[90]="Note:"; expl[90]="in this sense, an indebtedness one must repay. \n\n We're making semi-annual payments on this obligation. \n\n Do you have any other obligations to meet this month? \n\n Those are the only obligations I have."; word[91]="Open note:"; expl[91]="a note, the payment of which is not guaranteed by collateral security. \n\n That's just an open note. \n\n Shall we let him have the money on an open note? \n\n I wouldn't take his open note for that large an amount."; word[92]="pledge:"; expl[92]="in this sense, promise as security. \n\n Are any of your assets pledged as security? \n\n I think he'd pledge his fixed assets. \n\n All their current assets have been pledged on another loan."; word[93]="Retire:"; expl[93]="in this sense, pay off. \n\n Part of this money will be used to retire present debts. \n\n When will you be able to retire this indebtedness? \n\n We can't discuss another loan until this one has been retired."; word[94]="Security:"; expl[94]="in this sense, a guarantee of payment. \n\n Are any of your assets pledged as security? \n\n What kind of security can you put up? \n\n The committee feels that this isn't enough security."; word[95]="Appraise:"; expl[95]="judge the value of.\n\n It was appraised by order of the court.\n\n Has someone been appointed to appointed to appraise the property?\n\n The land was appraised at $8,000."; word[96]="Chattel:"; expl[96]="any personal or movable possession, such as furniture or equipment.\n\n There's a chattel mortgage on my construction equipment.\n\n Your automobile is a chattel.\n\n A house is not a chattel."; word[97]="Chattel mortgage:"; expl[97]="a mortgage on chattels.\n\n There's a chattel mortgage on my construction equipment.\n\n We took a chateel mortgage on his livestock.\n\n I want to liquidate my chattel mortgage."; word[98]="Clear:"; expl[98]="in this sense, without encumbrance.\n\n My real estate is clear.\n\n In six months all my property will be clear.\n\n His balance sheet shows that he's clear of indebtedness."; word[99]="Co-signer:"; expl[99]="a person who signs a document with another person and shares the obligation.\n\n Would your wife agree to be a co-signer?\n\n His partner will be the co-signer.\n\n Can you get someone to be your co-signer?"; word[100]="Deed:"; expl[100]="in this sense, a document which proves a change of ownership of real estate.\n\n Would you consider giving us a trust deed?\n\n Who holds the deed to the property?\n\n The deed must be signed by both parties."; word[101]="Encumbrance:"; expl[101]="in this sense, an indebtedness, such as a mortgage.\n\n Are your present holdings free of encumbrance?\n\n There's no encumbrance on his real estate.\n\n The encumbrance isn't large, I believe."; word[102]="Equity:"; expl[102]="in this sense, the value of a piece of property beyond any indebtedness held against it.\n\n It seems to me that you have enough equity in your property.\n\n He must have quite a lot of equity in it, by now.\n\n Your equity grows each time you make a payment on the indebtedness."; word[103]="Estate:"; expl[103]="in this sense, the holdings and obligations left by a dead person.\n\n It belongs to an estate.\n\n Our bank will administer the estate.\n\n How large an estate didi he leave?"; word[104]="Estimate:"; expl[104]="judge the value of.\n\n They estimated its value at $10,500.\n\n I wouldn't estimate his holdings that high.\n\n What do you estimate the loss will be?"; word[105]="Holding:"; expl[105]="something owned, such as property or securities.\n\n Are your present holdings clear of encumbrance?\n\n He's greatly increased his holdings over the years.\n\n Are most of your holdings in real estate?"; word[106]="Net:"; expl[106]="in this sense, the amount remaining after all expenses or obligations have been subtracted.\n\n I'd thought that my net worth is high enough.\n\n What are your net earnings?\n\n This figure is our net profits for the year."; word[107]="Net worth:"; expl[107]="the value of one's holdings after all obligations have been subtracted.\n\n I'd thought that my net worth is high enough.\n\n He gave us a statement showing his net worth.\n\n What would you estimate their net worth to be?"; word[108]="Property:"; expl[108]="in this sense, anything owned, especially real estate or land.\n\n There's piece of land right next to my property.\n\n Doesn't your property border on his?\n\n What's the total value of your property?"; word[109]="Real estate:"; expl[109]="land, including anything constructed on it.\n\n My real estate is clear.\n\n I think she holds quite a lot of real estate.\n\n He makes his living by selling real estate."; word[110]="Secure:"; expl[110]="v., in this sense, to guarantee payment of.\n\n Would you give us a trust deed to secure the funds you'll need?\n\n What's the loan secured by?\n\n I'd rather see the loan secured by some fixed assets."; word[111]="Title:"; expl[111]="in this sense, the record or proof of ownership of property.\n\n Title to the property will be in both our names.\n\n Will the bank hold titile to the property?\n\n In whose name is the title held?"; word[112]="Trust:"; expl[112]="in this sense, the legal responsibility given to one party to act for another in financial matters. \n\n Would you consider giving us a trust deed?\n\n This money is to be held in trust for his daughter.\n\n Most of my work is with trusts."; word[113]="Trust deed:"; expl[113]="a deed to real estate held as security for a loan-in effect, a mortgage.\n\n Would you consider giving us a trust deed?\n\n Please come in to sign the trust deed.\n\n Our lawyer will prepare a trust deed."; word[114]="AA rating:"; expl[114]="a high estimate of the value of a bond or stock, the ratings are made impartially by a company whose specialty is evaluation of investments.\n\n Does this issue have an AA rating?\n\n These bonds are given an AA rating.\n\n I prefer to buy something of AA rating."; word[115]="blue chip:"; expl[115]="a stock thought tO be of highest quality.\n\n We can stick to blue chip issues.\n\n Is there a new offering of blue chip stocks? \n\n Their Portfolio is made up entirely of blue chip stocks."; word[116]="bond:"; expl[116]="in this sense, a unit of fixed obligation of a company or government for a fixed term.\n\n There's a new offering of municipal bonds. \n\n What rate of interest do those bonds pay? \n\n Bonds are transferable, arenft they?"; word[117]="cash:"; expl[117]="coins and bills. \n\n I notice that our cash has been building up. \n\n How much cash do we have on hand? \n\n Many merchants will only sell for cash."; word[118]="cash-in-banks:"; expl[118]="cash kept in other banks as a reserve. \n\n I notice that our cash-in-banks has been building up. \n\n Isn't our cash-in-banks pretty low? \n\n We can make a withdrawal from our cash-in-banks."; word[119]="diversified:"; expl[119]="in this sense, made up of a variety of stocks and bonds. \n\n Shouldn't we keep our portfolio well diversified? \n\n Our bank's assets are well diversified. \n\n It's desirable to diversify your investments."; word[120]="equity/deposit ratio:"; expl[120]="total assets minus total liabilities divided by deposits. \n\n A high equity/deposit ratio serves as a cushion against hard times. \n\n Does a high equity/deposit ratio protect the depositor? \n\n Most banks have low equity/deposit ratios."; word[121]="excess reserves:"; expl[121]="reserves in excess of the legal requirement against bank liabilities. \n\n Our bank has excess reserves. \n\n Do excess reserves rise when interest rates fall? \n\n Excess reserves tend to fall when the variance of demand deposits goes down."; word[122]="fluctuation:"; expl[122]="a changing back and forth. \n\n They show less price fluctuation. \n\n There's been a lot of fluctuation in the price. \n\n Some stocks show more fluctuation than others."; word[123]="general obligafion bond:"; expl[123]="a bond secured by all the property of a city or other unit of government. \n\n Are they general obligation bonds? \n\n This is an issue of general obligation bonds. \n\n General obligation bonds usually pay about three percent"; word[124]="issue:"; expl[124]="in this sense, all the stocks or bonds offered for sale at one time by a particular company or government. \n\n Does this issue have an AA rating? \n\n Most of the issue was sold the first day. \n\n I wish I'd purchased some of that issue."; word[125]="municipal bond:"; expl[125]="a bond offered for sale by a city or other unit of governmentt. \n\n There's a new offering of municipal bonds. \n\n What interest do these municipal bonds pay? \n\n Much of his portfolio is in municipal bonds."; word[126]="offering:"; expl[126]="in this sense, a quantity of stocks or bonds offered for sale at one time.\n\n There's a new offering of municipal bonds.\n\n There are some good buys in this offering.\n\n When does the offering go on sale?"; word[127]="Portfolio:"; expl[127]="in this sense, a list of stocks and bonds belonging to one holder. \n\n Shouldn't we keep our Portfolio well diyersified? \n\n I want to add some revenue bonds to my portfolio. \n\n She's learned to manage her portfolio herself."; word[128]="revenue:"; expl[128]="in this sense, money earned by a government especially for the performance of a public service. \n\n I prefer those to revenue bonds, don't you? \n\n This service brings in a lot of revenue. \n\n How much revenue does the water company earn?"; word[129]="revenue bond:"; expl[129]="a bond which is repaid out of revenues. \n\n I prefer those to revenue bonds, don't you? \n\n The city is issuing some revenue bonds. \n\n The company is selling its revenue bonds."; word[130]="speculative:"; expl[130]="in this sense, bought and sold in an attempt to make profits from price fluctuations. \n\n But stocks are so much more speculative. \n\n I don't like to take a chance on speculative stocks. \n\n He's made a lot of money from speculative buying and selling."; word[131]="stock:"; expl[131]="in this sense, a unit of ownership in a company. \n\n Do you think we might also buy some stocks? \n\n These stocks should pay good profit. \n\n The value of these stocks has risen sharply."; word[132]="tax:"; expl[132]="money collected a government for its support. \n\n What is the sales tax in New Jersey? \n\n I hear that the tax rate will be increased. \n\n Have you figured in the tax?"; word[133]="tax-exempt:"; expl[133]="tree from tax obligation. \n\n They're tax-exempt, you know. \n\n What kinds Of bonds are tax-exempt? \n\n The government encourages sale of these bonds by making them"; word[134]="tax-exempt:"; expl[134]="free from tax obligation. \n\n They're tax-exempt, you know. \n\n What kinds of bonds are tax-exempt? \n\n The government encourages sale of these bonds by making them tax-exempt."; word[135]="Yield:"; expl[135]="in this sense, earn. \n\n They can be bought at a price that will yield three and a half percent. \n\n This investment doesn't yield very much. \n\n What did these stocks yield last year?"; word[136]="Broker:"; expl[136]="a person who sells or buys stocks bonds for others. \n\n Is your broker a member of the stock exchange? \n\n I'll get in touch with my broker about this. \n\n What kind of fee do you pay your broker?"; word[137]="Brokerage:"; expl[137]="the buying and selling of stocks and bonds for other per-sons. \n\n We handle such transactions through our brokerage house. \n\n The brokerage fee won't be very large. \n\n They're discussing some brokerage transactions."; word[138]="Brokerage house:"; expl[138]="an institution which handles brokerage. \n\n We handle such transactions through our brokerage house. \n\n We received the information from our brokerage house. \n\n My brokerage house says these stocks have an AA rating."; word[139]="Commercial bank:"; expl[139]="a bank whose major services are accepting and protecting money for deposit and paying checks issued by the depositors; laws permit to in vest for profit a portion of this money. \n\n Where is the local commercial bank? \n\n They're trying to get a charter for a commercial bank. \n\n He's had years of commercial bank experience."; word[140]="Credit union:"; expl[140]="an institution formed by a group of persons who combine their savigs in order to make loans to members at a low rate of interest. \n\n How about a credit union? \n\n You must join a credit union before you borrow from it. \n\n Does your company have a credit union?"; word[141]="Exchange:"; expl[141]="in this sense, a place where business transactions are made. \n\n Is your broker a member of the stock exchange? \n\n The farmers have set up an exchange. \n\n The exchange has been very successful, hasn't it?"; word[142]="Federal land bank:"; expl[142]="a bank established by the government of the United States to make loans for the purchase of land. \n\n The federal land banks are only lending institutions. \n\n The loan was made by a federal land bank. \n\n How many federal land banks are there?"; word[143]="Fiduciary:"; expl[143]="having to do with a trust. \n\n We can't offer fiduciary services. \n\n I want to discuss some fiduciary matters with them. \n\n He'll turn it over to some fiduciary institution."; word[144]="Financial intermediary:"; expl[144]="a financial institution that acts as a middle-man, transferring funds from ultimate lenders to ultimate borrowers. \n\n Commercial banks art the financial intermediaries with the largest asset size. \n\n Composition of assets and liabilities differs significantly from one type of financial intermediary to another. \n\n Commercial banks are the most widely diversified of all financial intermediaries in terms of both their assets and liabilities. "; word[145]="Lending:"; expl[145]="in this sense, empowered to make loans. \n\n These banks are only lending institutions. \n\n Their lending powers are limited by law. \n\n They've had to change their lending policies."; word[146]="National bank:"; expl[146]="a bank which has a charter from the federal government. \n\n Do you offer fewer services than a national bank? \n\n Are there more national banks than state banks? \n\n I believe he's employed in a national bank."; word[147]="Savings and loan association:"; expl[147]="an institution which accepts savings de-posits and makes loans mainly for the purchase and rip air of homes. \n\n Would you say a savings and loan association is a bank? \n\n I hope to get a loan from the savings and loan association. \n\n The interest on deposits is usually higher in a savings and loan association."; word[148]="Security:"; expl[148]="in this sense, a stock or bond. \n\n Suppose I wanted to buy or sell some securities. \n\n These are all blue chip securities. \n\n Securities are transferable, aren't they?"; word[149]="State bank:"; expl[149]="a bank which has a charter from a state government. \n\n This is a state bank, isn't it? \n\n Your deposits are just as safe in a state bank. \n\n All the state banks have received this notice."; word[150]="Stock exchange:"; expl[150]="a blaze where stocks are bought and sold. \n\n Is your broker a member of the stock exchange? \n\n Was there much activity on the stock exchange today? \n\n Not all stock transactions go through this stocker"; word[151]="Transaction:"; expl[151]=" a business action. \n\n Does your bank handle such transactions? \n\n Were you a party to the transaction? \n\n The transaction was definitely not legal."; word[152]="Trust company:"; expl[152]="an institution which manages trusts and estates. \n\n We can't offer the services that a trust company can. \n\n Which trust company is managing the estate? \n\n Does a trust company have to have a charter?"; word[153]="Allowance:"; expl[153]="in this sense, an amount of money regularly given to a person for current expenses.\n\n We're empowered to provide you with an allowance. \n\n Her allowance will be mailed on the first of the month. \n\n Could the amount of the allowance be increased?"; word[154]="Beneficiary:"; expl[154]="the party to whom property or a sum of money is given under the terms of a will or trust.\n\n You're the beneficiary in each of them.\n\n In this estate,you are named a beneficiary.\n\n Several beneficiaries were named in the will."; word[155]="Benefits:"; expl[155]="in this sense, payments.\n\n The benefits will be paid directly to you\n\n What benefits may I expect from the trust?\n\n Will these benefits be tax-exempt?"; word[156]="Counseling:"; expl[156]="having to do with giving advice.\n\n Our counseling service is for people in just your position.\n\n May we offer you our counseling services?\n\n They'll probably need some counseling."; word[157]="Creditor:"; expl[157]="a party to whom a debt is owed.\n\n There are no large creditors.\n\n His creditors are requesting payment.\n\n You have a letter from a creditor."; word[158]="Demand:"; expl[158]="in thes sense, a request for payment.\n\n We don't know what demands will be made.\n\n This note is payable on demand.\n\n There are numerous demands against the estate."; word[159]="Empower:"; expl[159]="give power to.\n\n We're empowered to provide you with an allowance.\n\n The court empowered us to collect the debt.\n\n We are not empowered to sell any of the holdings."; word[160]="Executor:"; expl[160]="a partuy appointed to carry out the requests in a will.\n\n The band was named executor of the estate.\n\n Do you know who the executor is?\n\n You must present your demand to the executor."; word[161]="Income:"; expl[161]="earnings.\n\n The income is going to bi quite sizable.\n\n What is the incone from the investments? \n\n Part of his income is tax-exempt."; word[162]="Inheritance:"; expl[162]="money or prorerty received from an estate.\n\n The income from your inheritance is sizable.\n\n He invested his inheritance in securities.\n\n His ingeritance consisted mostly of real estate."; word[163]="Inventory:"; expl[163]="a list of items of property.\n\n We've made an inventory.\n\n Should this be listed in the inventory? \n\n The inventory shows a large savings account "; word[164]="Life insurance:"; expl[164]="a sum of money payable in case of loss lf life.\n\n There are three life insurance policies.\n\n Did he have any life insurance?\n\n Life insurance is a good investment."; word[165]="Policy:"; expl[165]="in this sense, an insurance contract; a certificate of such a con-tract.\n\n There are three life insurance policies'.\n\n She is the beneficiary of his insurance policy.\n\n He wants to take out another life insurance policy"; word[166]="Probate:"; expl[166]="prove (a will) genuine and place on the records of the proper court.\n\n You'll receive an allowance until the estate has been probated.\n\n We're empowered to probate the will.\n\n When will it be probated?"; word[167]="Safe-deposit box:"; expl[167]="a locked box for important papers, usually kept in a bank.\n\n We've looked through the safe-deposit box. \n\n She says it's in the safe-deposit box.\n\n Rent is due on your safe-deposit box."; word[168]="Terms:"; expl[168]="in this sense, stated conditions, as in a will or contract.\n\n We're empowered to do this under the terms of the will.\n\n You must obey the terms of the contract.\n\n The terms of the will were not clear."; word[169]="Trustee:"; expl[169]="a partuy to whom a trust is given.\n\n This bank is named trustee under the will.\n\n The trustees will meet tomorrow.\n\n His son is the trustee of the estate."; word[170]="Will:"; expl[170]="a document which states how a person wishes his estate to be divided, made public only after his death.\n\n We have this power under the terms of the will.\n\n The will must be orobated in thes county.\n\n His will was written by his attorney"; word[171]="Assign:"; expl[171]="in this sense, transfer ownership.\n\n You'll both have to assign them.\n\n He has assigned the bonds to her.\n\n To whom were they assigned?"; word[172]="Bid:"; expl[172]="in this sense, make an offer to buy at a certain price.\n\n They can bid on some shares for you.\n\n Would you be willing to bid a little higher?\n\n The brokers have been bidding activelt on this stock."; word[173]="Commission:"; expl[173]="in this sense, a chargi for services in a sale, based on the amount of the transaction.\n\n They charge the usual broker's commission. \n\n Their commission will be figured in the sale price. \n\n He receives both salary and commission. "; word[174]="Common stock:"; expl[174]=" ordinary stock, with no fixed dividend rate. \n\n I've thought of taking a flier on some common stocks. \n\n They've announced an issue of common stock. \n\n You have fewer rights with common stock."; word[175]="Corporate bond:"; expl[175]="a bond issued by a corporation, or group of people who have a charter to act as an individual. \n\n I have some corporate bonds that'll mature next month. \n\n Does a corporate bond pay about the same interest? \n\n The portfolio contains mostly corporate bonds."; word[176]="Coupon:"; expl[176]="in this sense, a removable printed statement on a bond of the interest due at a particular time-it must be presented for collection. \n\n Are they the registered or the coupon type? \n\n Don't forget to clip the coupons and send them in on time. \n\n What happens if I lose a coupon?"; word[177]="Flier:"; expl[177]="in this sense, a speculative transaction. \n\n I've thought of taking a flier on some common stocks. \n\n He likes to take a flier on the stock market once in a while. \n\n They've decided to take a flier on this stock ."; word[178]="Growth:"; expl[178]="in this sense, giving promise of development, so that the value of an investment will increase.\n\n I want to find a good growth industry. \n\n Part of your portfolio should be in growth stocks. \n\n It's hard to decide what the growth industries are."; word[179]="Market:"; expl[179]="in this sense, the buying and selling which is taking place at any one time. \n\n The mardet looks favorable right now. \n\n The market value of these stocks has incriased. \n\n He thinks the mardet is going to go down."; word[180]="Mature:"; expl[180]="in this sense, become due for payment. \n\n I have some corporate bonds that'll mature next month. \n\n When do these bonds mature? \n\n When these bonds mature I want to buy some stocks."; word[181]="Preferred stock:"; expl[181]="stock on which dividends are paid before those on common stock and which gives the holder some rights to any assets that are distributed. \n\n Could you help me reinvest in some preferred stocks? \n\n He says preferred stock is a better investment. \n\n This is an offering of preferred stocks."; word[182]="Proceeds:"; expl[182]="the money received from some transaction. \n\n When the proceeds come in, could you help me reinvest the funds? \n\n The proceeds will be sizable, I believe. \n\n What do you plan to do with the proceeds of this sale?"; word[183]="Redemption:"; expl[183]="in this sense, the collection at maturity of money invested in a bond. \n\n Can you help me present them for redenption? \n\n My lawyer will handle the redemption of the bonds. \n\n I'll reinvest the proceeds from the reddmption of my bonds."; word[184]="Registired:"; expl[184]="in this sense, having the owner's name placed on a record and on the certificae. \n\n Are they the registered or the coupon type? \n\n They hold quite a portfolio of registered bonds. \n\n Most of her inheritance was in registered bonds."; word[185]="Seat:"; expl[185]="in this sense, the right to take part as a member. \n\n They have a seat on the American Exchange. \n\n I suppose a seat on the exchange costs a lot of money. \n\n They lost their seat because of bad business practiccs."; word[186]="Share:"; expl[186]="in this sense, a unit of ownership in a company. \n\n They can bid on some shares for you. \n\n How many shares do you want to buy? \n\n Each share gives the holder one vote."; word[187]="Central bank:"; expl[187]="a bank which regulates the supply of currency within an area, also serving as a clearinghouse.\n\n We get a daily central bank you usc?\n\n Is that the only central bank you use?\n\n We'll forward this to our central bank."; word[188]="Clear:"; expl[188]="in this sense, pass through a clearinghousc.\n\n We'vc agreed to clear them at par.\n\n The check should have clcared by now.\n\n We clear most of our items through a bank in Denver."; word[189]="Clearinghouse:"; expl[189]="an office where banks exchange chccks drawn on one another.\n\n Do you use any other clearinghouse?\n\n Our clearinghouse is in another city. \n\n We mail our checks to the clearinghouse"; word[190]="Collection:"; expl[190]="in this sensc, the process of obtaining payment of an item of exchange. \n\n Are you allowed to makc a collection charge? \n\n The collection of this item will be difficult. \n\n Has it ever been prescnted for collection?"; word[191]="Commercial paper:"; expl[191]="short-term obligations of industrial companids. \n\n Do they advise you on commercial paper? \n\n Commercial paper is a good investment. \n\n We consider commercial paper to be a liquid asset"; word[192]="Correspondent bank:"; expl[192]="a bank with which another bank has regular dealings. \n\n How mant correspondent bank accounts do you have? \n\n One of our correspondent banks is in New York. \n\n Do you carry a large daily balance with your correspondent bank?"; word[193]="Debenture:"; expl[193]="an obligation issued by a corporation which pays interest but is often unsecured. \n\n Do they advise you on short-term debentures? \n\n Most debentures are short-term oblihations. \n\n Aren't all debentures negotiable?"; word[194]="Endorse:"; expl[194]="in this sense, place one's signature on the back of a document in order to transfer ownership. \n\n They'll purchase any that our customers are willing to endorse. \n\n Both parties must endorse the check. \n\n You must endorse it in ink."; word[195]="Foreign exchange:"; expl[195]="any item of exchange from another nation. \n\n And they handle your foreign exchange. \n\n Do you make a charge for handling foreign exchange? \n\n Wi have a foreign exchange department,"; word[196]="Installment:"; expl[196]="in this sense, one of several payments on an obligation. \n\n Will your correspondent bank purchase installment loans? \n\n The first installment will be due in 30 days. \n\n This is the last installment"; word[197]="Letter:"; expl[197]="in this sense, the items of exchange presented by or to a correspondent bank for collection on a particular day. \n\n We get a daily letter from our correspondent bank. \n\n I want to ask you about one of the items in the New York letter . \n\n Is there anything unusual in the letter?"; word[198]="Listed:"; expl[198]="in this sense, accepted for sale on a stock exchange. \n\n They send us quotations on listed and unlisted stocks. \n\n Is this stock listed on the New York Exchange? \n\n How do you buy unlisted stocks?"; word[199]="Paper:"; expl[199]="in this sense, any written promise to pay. \n\n Do they advise you on commercial paper? \n\n We don't deal much in that kind of paper. \n\n This paper should be a good in vestment."; word[200]="Par:"; expl[200]="in this sense, the value printed on the face of a certificate of obligation. \n\n We've agreed to clear them at par. \n\n What is the par value per share of this stock? \n\n The market value may be above or below par."; word[201]="Quotation:"; expl[201]="in this sense, a statement of the current price. \n\n They send us quotations on listed unlisted stocks. \n\n Have you seen today's market quotation?"; word[202]="Discount rate:"; expl[202]="the interest rate that the Federal Reserve charges when it lends to member banks. \n\n The Fed often uses changes in the discount rate as an indicator of a change in policy. \n\n The discount rate is one instrument the Fed uses to control monetary policy. \n\n The discount rate tends to follow in the direction of other interest rates."; word[203]="Face value:"; expl[203]="the value printed on the bill or other instrument. \n\n The face value was less than the market value. \n\n Were they sold at face value? \n\n He was given a discount from face value."; word[204]="Fiscal:"; expl[204]="in this sense, having to do with public funds. \n\n They're fiscal agents of the United States Treasury \n\n There'll be some changes in fiscal policy. \n\n He's an authority on fiscal matters."; word[205]="Incorporated:"; expl[205]="having a charter to act as an individual.\n\n Incorporated state banks may join the System. \n\n Is the town incorporated? \n\n They were incorporated in 1953."; word[206]="Industrial band:"; expl[206]="a bank which makes loans for the purchase or manu-facture of industrial products, using a repayment plan of certificate pur-chases by installment which permits higher legal rates of interest than on other loans. \n\n Industrial banks may join the System.\n\n Have you had any dealings with industrial banks? \n\n An industrial bank might make such a loan."; word[207]="Mutual:"; expl[207]="in this sense, having a structure of shared ownership by those who make use of the institution.\n\n Mutual savings banks may join the System. \n\n Some life insurance companies have a mutual structure.\n\n This investment company is set up on a mutual plan."; word[208]="Mutual savings bank:"; expl[208]="a savings bank which is owned by the depositors.\n\n Mutual savings banks may join the System. \n\n I have an account in a mutual savings bank. \n\n A mutual savings bank has no capital, has it?"; word[209]="Redeem:"; expl[209]="recover ownership by paying a specified sum.\n\n When the Fed wants to ease monetary policy, it redeems govern-ment bonds. \n\n He redeemed the stocks he had lost when he was unemployed. \n\n Most fixed interest securities are redeemable."; word[210]="Rediscount:"; expl[210]="in this sense, sell (a note or other investment) at a price less than its maturity ualue.\n\n They'll accept any paper that can be rediscounted. \n\n Let's see if we can't rediscount this note. \n\n Don't you think we might rediscount some paper?"; word[211]="Red tape:"; expl[211]="the use of official forms and procedures that impede efficiency.\n\n Governments go through a lot of red tape. \n\n Red tape takes up too much time. \n\n Red tape often delays transactions."; word[212]="Refinancing:"; expl[212]="issuing a new obligation to replace an older one.\n\n They assist in the refinancing of bonds that have reached maturity.\n\n They're interested in refenancing thes piece of property. \n\n He thinks he'll be better off by refinancing."; word[213]="Remit:"; expl[213]="send or pay (money).\n\n I'm remitting my check on your bank. \n\n How much did he remit? \n\n You should remit on the first of the month."; word[214]="Subscribe:"; expl[214]="in this sense, agree to take a share in financing a business operation.\n\n Was your bank required to subscribe to any stock? \n\n I haven't decided whether to subscribe. \n\n We'll subscribe the same amount they do."; word[215]="Transit:"; expl[215]="in this sense, having to do with the collection of checks drawn on other banks.\n\n The transit department will send it to the Federal Reservi Bank. \n\n The want to study transit procedures. \n\n Who's in charge of your transit department now?"; word[216]="Treasury:"; expl[216]="any place where valuable things, especially money, are kept; the funds belonging to an organization.\n\n They're fiscal agents of the United States Treasury.\n\n How much money is in the treasury? \n\n He says the treasury is getting pretty low."; word[217]="United States Treasury (Department):"; expl[217]="the agency which controls the currency and public funds of the United States.\n\n They're fiscal agents of the United States Treasury. \n\n Where is the United States Treasury located? \n\n Federal taxes are paid into the United States Treasury."; word[218]="bond:"; expl[218]=" in this sense, take out insurance against financial loss caused by the person so insured.\n\n There's requirement that each employee be bonded. \n\n How much is a teller bonded for? \n\n If he gets the job, he'll have to be bonded."; word[219]="boom:"; expl[219]=" in this sense, a period or condition of very successful business activity.\n\n We'd gone through a stock market boom. \n\n We thought we were sitting pretty during the boom. \n\n Some people feel that a crash always follows a boom."; word[220]="celling:"; expl[220]="in this sense, an upper limit.\n\n There art legal cellings on interest rates. \n\n I expect the cellings to be lowered. \n\n Is there a celling on the interest paid on savings accounts?"; word[221]="circulation:"; expl[221]="in this sense, the passing(of money) from person to person.\n\n Gold was taken out of circulation, wasn't? \n\n There aren't many of these coins in circulation any more. \n\n When will the new bills be put into circulation?"; word[222]="crash:"; expl[222]="in this sense, a sudden fall in the market, causing financial ruin to many people.\n\n Wasn't the Great Depression caused by the crash in 1929? \n\n They were very nearly wiped out in the crash. \n\n We've been much more careful of our investments since the crash."; word[223]="deflation:"; expl[223]="in this sense, a fall in market prices and an increase in the buying power of money.\n\n Doesn't the government try to protect the country against deflation? \n\n Deflection id really something that begins in people's minds. \n\n He'd be in bad shape if deflation set in."; word[224]="depositor:"; expl[224]="a party who makes deposits.\n\n The main objective is to protect the depositor. \n\n The number of our depositors is growing every day. \n\n The FDIC insures depositors against loss."; word[225]="depression:"; expl[225]=" in this sense, a period or condition of lessening business activity, with falling prices and wages.\n\n Didn't the government step in during the Great Depression? \n\n The depression lasted for several years. \n\n He lost all his property during the Great Depression."; word[226]="eonomy:"; expl[226]="in this sense, the financial structure and operations of a country in relation to its wealth and resources. \n\n The people weren't prepared for the shock to the nation's economy. \n\n The economy is in very healthy condition. \n\n Investment bankers must keep a sharp eye on the economy."; word[227]="ebezzlement:"; expl[227]=" the theft of money which has been placed in one's care.\n\n There are controls that protect the bank from loss by embezzlement. \n\n Aren't the employees bonded to protect the bank against embezzlement? \n\n The examiners discovered a case of embezzlement."; word[228]="foreclose:"; expl[228]="take possession of property given as security for a loan because the loan has not been paid as agreed.\n\n They had to foreclose on many mortgages they held. \n\n The bank always hesitates to foreclose on a mortgage. \n\n The bank has told him that they'll have to foreclose."; word[229]="hoarding:"; expl[229]="in this sense, keeping money in one's own possession and out of circulation.\n\n It was necessary to discourage hoarding. \n\n There was a lot of hoarding during the panic. \n\n It's hard to tell how much hoarding is going on."; word[230]="inefficient:"; expl[230]="not producing the desired effect with a minimum use of energy.\n\n The firm is inefficient. \n\n The worker's inefficiency reduced output. \n\n Inefficiency reduces growth."; word[231]="inflation:"; expl[231]=" in this sense, a rise in market prices and a decrease in the buying power of money.\n\n Doesn't the government try to protect the country against inflation? \n\n The economy is suffering from inflation. \n\n He expects the inflation to level off soon."; word[232]="monetary:"; expl[232]="having to do with money.\n\n That gets pretty involved in monetary theory. \n\n They're making a study of the monetary situation. \n\n The government's monetary policy has had good results."; word[233]="monopoly:"; expl[233]="exclusive control of commodity or service in a given market.\n\n Some monopolies are efficient because they're natural monopolices. \n\n Monopolies generally results in a welfare loss. \n\n There are very few real monopolies."; word[234]="panic:"; expl[234]="in this sense, a sudden fear among the people of a collapse of the financial system, causing hoarding and a rush to turn property into cash.\n\n There was a panic. \n\n During a panic there are always runs on the banks. \n\n The government tried to control the panic."; word[235]="Prosperity:"; expl[235]="a period or condition of general financial success.\n\n We'd gone through a period of prosperity. \n\n The people began to believe that prosperity was coming. \n\n What can be done to bring about prosperity?"; word[236]="Run:"; expl[236]="in this sense, a rush by depositors to remove their funds from a bank.\n\n There were dangerous runs on banks. \n\n The bank expected a run and had plenty of cash on hand. \n\n The news caused a run on the bank."; word[237]="Standard:"; expl[237]="in this sense, a basis for the value of currency.\n\n We went off the gold standard in 1933. \n\n What is the monetary standard of that country? \n\n Silver has sometimes been used as a monetary standard."; word[238]="usury:"; expl[238]="in this sense, the practice of charging rates of interest that are higher than the fair or legal limits.\n\n This is a protection against what they call usury. \n\n The laws against usury are very strict. \n\n He has been accused of usury."; word[239]="Convertible:"; expl[239]="freely exchanged for another currency.\n\n The U.S.dollar is probably the most convertible of all currencies.\n\n During the Second World War sterling was inconvertible.\n\n The ruble is not convertible into western currencies."; word[240]="Counteract:"; expl[240]="to oppose the effects of an action by a contrary action.\n\n In an effort to counteract the expansion of the Eurodollar, regulations were imposed. \n\n The Voluntary Credit Restraint Program was initiated to counteract the deterioration of the U.S. balance of payment. \n\n The Fed is attempting to count act inflation by reducing the rate of growth of the money supply."; word[241]="Eurocurrencies:"; expl[241]="currencies held by individuals and institutions outside the country of their origin.\n\n The Eurocurrency market often circumvents domestic monetary policy. \n\n The major Eurocurrencies are the U.S dollar, the pound sterling, the deutsche mark, and the Swiss franc. \n\n The market for Eurocurrencies is not confined to Europe."; word[242]="Monetary authority:"; expl[242]="that institution responsible for the execution of monetary policy. \n\n The Federal Reserve Board is the monetary authority in the U.S. \n\n The monetary authority in the U.S. is constitutionally independent from the executive branch of government. \n\n The monetary authority influences the quantity of money in an economy."; word[243]="Monetary policy:"; expl[243]="the division of economic policy which regulates the quantity of money in the economy in order to achieve growth, price level stability, and full employment.\n\n U.S. monetary policy took a decisively different course in October 1979. \n\n The Federal Reserve conducts U.S. monetary policies."; word[244]="Regulation M:"; expl[244]="a regulation instituted by the Federal Reserve in 1969 which established reserve requirements on deposits of Euro bank branches at the home office.\n\n Regulation M initially set a reserve requirements of ten percent on deposits. \n\n Regulation M probably did retard the Euro market activity of U.S. banks. \n\n Regulation M made U.S. banks less competitive in Euro market activity."; word[245]="Voluntary Credit Restraint Program(VCRP):"; expl[245]="a program instituted by President Johnson to reduce the outflow of U.S. capital.\n\n The VCRP attempted to improve the U.S. balance of payments. \n\n The VCRP escalated the expansion of the Eurodollar market. \n\n Was the VCRP suspended at the end of 1973? "; word[246]="rate:"; expl[246]="amount or percentage(%).\n\n What is the current rate of interest on savings accounts? \n\n The bank pay 5 1/2% interest a year."; word[247]="Term:"; expl[247]="deposit accounts pay higher interest rates than regular savings accounts."; word[248]="to keep the books:"; expl[248]="to maintain written records of business transactions When my firm was small I could keep the books myself."; word[249]="to lend:"; expl[249]="to permit someone to use your money temporarily with the understanding that she has to return it.\n\n I need to borrow some money. Can you lend me $100.00? \n\n The party who lends the money is the lender. The party who borrows the money is the borrower."; word[250]="due:"; expl[250]="payable at a particular time.\n\n Payments are due on the first of every month."; word[251]="to talk possession of:"; expl[251]="to become the owner of, to take property from another person If you default on your car loan the bank will take possession of your car."; word[252]="tenure:"; expl[252]="the term of the loan"; word[253]="Long:"; expl[253]="term loans may have a tenure of ten years."; word[254]="mortgage:"; expl[254]="a written document that transfers (moves) ownership of property Mortgages are used in the purchase of houses or land."; word[255]="conveyance:"; expl[255]="a document that transfers (moves) ownership of property from one party to another, such as from a seller to a buyer.\n\n A mortgage is an instrument of conveyance."; word[256]="to adjust:"; expl[256]="to change£»to make something fit, to change something to make it correspond to something else.\n\n The bank adjusts its mortgage rates to the rates of interest it pays on deposits."; word[257]="to fluctuate:"; expl[257]="to change or vary constantly, to be continually rising or falling. \n\n When the economy is unstable, prices fluctuate. "; word[258]="down payment:"; expl[258]="the portion of the purchase price that the buyer pays.\n\n Bill and Judy want to buy a house that costs $100,000. They will make a 20% down payment and get a mortgage loan for the remaining $80,000."; word[259]="creditworthy:"; expl[259]="deserving of credit.\n\n The bank investigated Lisa Edwards and decided she is a creditworthy individual."; word[260]="co-sign:"; expl[260]="to sign a loan agreement together with the borrower. The person who co-signs a loan is responsible for the debt if the borrower defaults. \n\n Richard asked his mother to co-sign his car loan."; word[261]="installment:"; expl[261]="the amount of money of a debt that the borrower repays at regular intervals.\n\n They repaid the loan in monthly installments over three years."; word[262]="to extend credit:"; expl[262]="to give or grant credit.\n\n Banks are extending credit to very few customers these days."; word[263]="to distribute:"; expl[263]="to give out, divide among two or more people.\n\n If a man dies intestate, the state will decide how to distribute his property."; word[264]="appraisal:"; expl[264]="deciding how much property is worth.\n\n You need an appraisal of your property before you know how much tax to pay."; word[265]="provision:"; expl[265]="part of a legal document that requires something specific.\n\n There was a provision in his will that named the Church as his heir."; word[266]="accountant:"; expl[266]="person specializing in keeping or adjusting the accounts of the transactions that affect the financial health of a business.\n\n A bookkeeper enters credits and debits; an accountant analyzes entries in an account."; word[267]="intervention:"; expl[267]="interference in t he affairs of others; changing the normal direction of a transaction.\n\n There have been many complaints recently about government interference in the purchase and sale of securities."; word[268]="abroad:"; expl[268]="in a foreign country.\n\n Sometimes exchange rates are more favorable abroad than at home."; word[269]="deficit:"; expl[269]="lack, shortage of money.\n\n Your budget says you have $800, but your projected expenses are $900. You're going to have a $100 deficit this month."; word[270]="to impose:"; expl[270]="to make or force someone to do something.\n\n The government imposed important economic reforms on the country."; word[271]="to devalue:"; expl[271]="to lower the rate at which one currency is exchanged for another.\n\n The government of Mexico has decided to devalue the peso. "; word[272]="common stock (in Great Britain£ºordinary shares):"; expl[272]="a share of stock entitling the owner to a percentage of the residual profits (not a fixed percentage, however), that is, of profits after bond holders and preferred stock holders are paid."; word[273]="preferred stock (in Great Britain£ºpreference shares):"; expl[273]="a share of stock that give the owner a fixed rate of dividend.\n\n Preferred stock holders are paid before common stock holders, but after bond holders."; word[274]="Tax-exempt:"; expl[274]="not taxable.\n\n Interest payments to municipal bondholders are tax-exempt."; word[275]="futures:"; expl[275]="the purchase or sale of commodities on a specified future date.\n\n Commodities and foreign currency are popular types of futures investments."; word[276]="recession:"; expl[276]="period of temporary economic decline and unemployment (joblessness).\n\n The government will reveal new strategies designed to avoid a recession."; word[277]="liquidity:"; expl[277]="ability to be converted (changed) into cash.\n\n Investors are worried about the declining liquidity of their investment holdings."; word[278]="procedure:"; expl[278]="official way of doing something.\n\n There are special procedures for opening and closing accounts."; word[279]="entry:"; expl[279]="an item or transaction recorded on paper or by an electronic device.\n\n Each deposit or withdrawal means a new entry in the customer's passbook."; word[280]="wage:"; expl[280]="money that an employer pays to a worker for his or her work. \n\n Wages are usually figured on a daily or hourly basis."; word[281]="salary:"; expl[281]="payment for work made at regular intervals such as weekly or monthly.\n\n He's looking for a job with a high salary."; word[282]="bill:"; expl[282]="note or letter demanding payment for goods or services. \n\n I pay my bills on the first of every month. "; word[283]="handling costs:"; expl[283]="the expense caused by processing or managing. \n\n Handling costs for processing checks are high. "; word[284]="check-clearing process:"; expl[284]="the steps necessary for a check to clear. \n\n It takes one week for a check drawn on a local bank to clear."; word[285]="reserves:"; expl[285]="gold and foreign currency held by a country and used to repay debts. \n\n The U.S. dollar has been a traditional reserve currency."; word[286]="record:"; expl[286]="highest or lowest level. \n\n Inflation rates have reached a new record low this month."; word[287]="flight of capital:"; expl[287]="excessive investment of money in foreign countries. \n\n High interest rates in the U. S. have triggered a flight of capital from Latin America."; word[288]="Variance of demand deposits:"; expl[288]="the degree of fluctuation in the inflows and outflows of demand deposits (checking accounts). \n\n The bank's variance of deposits has increased lately. \n\n Banks estimate expected variance of deposits.\n\n High variance of deposits can reduce potential bank profits."; word[289]="split:"; expl[289]="the division of a share of stock into two shares. \n\n Companies split stock in order to reduce the value of each share and thus make their stock more attractive to investors."