Упр.5. Найдите следующие предложения в тексте
Упр.2 Что означают эти слова и словосочетания?
to extend credit; a mortgage on; a charge account, a legal claim, a note, a bond.
Упр.3. Прочитайте текст
Credit
Credit involves the promise to pay for goods and/or services at some future date. Those who extend credit usually charge an amount of money, called interest, for this service. The main advantage of credit is that it makes it possible to buy more than would be possible, if only cash were used.
People make use of many types of credit including the following:
- credit cards;
- charge accounts;
- bank loans;
- mortgages on property;
- public borrowings through notes and bonds.
Credit cards are used by millions of people. Credit cards are offered by banks, stores, credit companies and others. They are made of plastic, have their own identification numbers and can be used only in particular places. Convenience and money safety are 2 reasons for the wide use of credit cards.
Charge accounts are forms of credit that some businesses extend to customers. A receipt is signed for the purchase, and the customer is billed for purchases at the end of the month. A charge account’s main advantage is its convenience.
Borrowing money at interest from banks is an import form of credit. Commercial loans are taken by business people and usually involve fairly large sums. Personal loans are taken by individuals for personal reasons and usually are for small sums. Interest charges on all loans vary from month to month. Naturally, borrowers try to get loans when the interest cost will be lowest. Many banks charge lower rates of interest to their best customers.
Buyers of land and property make use of mortgage loans for credit. A mortgage is a legal claim against property by a lender. Failure by the borrower to repay the loan and interest on time allows the lender to claim the property. Mortgage credit is widely used in the buying of homes, apartment houses, and commercial buildings. Mortgages make it possible for buyers to buy property they could not buy for cash.
A public borrowing is the one that invites the general public to lend money as an investment. In return they are given notes or bonds which are promises to pay the loans, with interest, at stated periods of time. Some of the types of bonds include the following: corporate bonds, debenture bonds, mortgage bonds, municipal bonds, etc.
Упр.4. Ответьте на вопросы.
- What is credit and why has it been a popular way of buying goods and services?
- What are the types of credit? Characterize each of them.
- What is a mortgage? Why is failure to repay the loan dangerous?
Упр.5. Слово “credit” имеет несколько значений. Подберите английские эквиваленты к русским.
To lose credit - приписывать себе заслуги
To be of the highest credit – аннулировать кредит
To take the credit for – кредит на товары
To reject credit – кредитные обязательства
To cancel a credit – потерять доверие
To exceed the credit – иметь плохую репутацию
Credit against goods - кредит под ценные бумаги
Credit obligations – превышать кредит
To be of bad credit - отказать в выдаче кредита
Credit against securities – иметь отличную репутацию
Упр.5. Найдите следующие предложения в тексте
- В США существует два вида кредитных карточек.
- Один из них называется convenience cards, например, American Express, Carte Blanche, Diners Club.
- Эти карточки выдаются членам вышеуказанных ассоциаций при уплате основного взноса.
- Однако. Обычно в конце месяца необходимо уплатить все счета, так что фактически кредитными карточками они не являются.
- Другой вид карточек – это банковские карточки (bank cards), по которым оплачивается часть расходов в конце каждого срока оплаты, остальная часть предоставляется банком в кредит.
Упр.7. Напишите эссе, ответив на вопросы.
Why in your opinion are credit cards safe and convenient? Can you define the role of government policies in crediting?