剑桥商务英语高级5.pptVIP

Module 5 Money and Finance Gdut Functions of Money Medium of exchange A unit of account: measuring the value of goods and services A temporary store of value Finance The management of money 财务管理；财政 Ministry of Finance; Money used to support an undertaking, fund: 资金 [finances] the money that an organization or person has, and the way that they manage it 财源，财力，财务状况 V：fund，to provide money for a project Contents Money expression A bank loan A culture of debt Choosing an investment Company finance Business costs Money expression Money often costs too much. Ralph Waldo Emerson, Essayist It’s expensive to borrow money. Pursuing money only makes you neglect the more important things in life. Invoice invoice sb (for sth) | invoice sth (to sb/sth) to write or send a bill for work you have done or goods you have provided Be invoiced for the goods N. list of goods sold or services provided with the price(s) charged, esp sent as a bill Compare: bill, check; receipt, voucher A bank loan A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower. In a loan, the borrower initially receives or borrows an amount of money, called the principal (本金), from the lender, and is obligated to pay back or repay an equal amount of money to the lender at a later time. Typically, the money is paid back in regular installments, or partial repayments. The loan is generally provided at a cost, referred to as interest on the debt, which provides an incentive for the lender to engage in the loan. Types of loans Secured loan: a loan in which the borrower pledges some asset (e.g. a car or property) as collateral(抵押物) for the loan. Eg: mortgage loan Unsecured loan: monetary loans that are not secured against the borrowers assets. Eg: credit card debt Demand loan: short term loans (typically no more than 180 days) that are atypical in that they do not have fixed dates for