Wednesday, 14 December 2016
Words T8
E-commerce
Electronic
commerce (e-commerce or ecommerce) is a type of business model, or segment of a
larger business model, that enables a firm or individual to conduct business
over an electronic network, typically the internet.
Spanish translation: Comercio
electrónico
Examples:
- 'Succeeding in building an e-commerce business doesn´t always discriminate against your past. You can control your own future if you give yourself permission to do so'.
Found in: http://www.websitebuilderexpert.com/e-commerce-examples-case-studies/
Found in: http://www.websitebuilderexpert.com/e-commerce-examples-case-studies/
- ‘By 2010, e-commerce represented 77 percent of direct-to-consumer
revenues and was a significantly more profitable than either retail stores or
catalog sales.’
Fintech
Fintech is
a portmanteau of financial technology that describes an emerging
financial services sector in the 21st century. Originally, the term
applied to technology applied to the back-end of established consumer and
trade financial institutions. Since the end of the first decade of the 21st century,
the term has expanded to include any technological innovation in
the financial sector, including innovations in financial
literacy and education, retail banking, investment and even
crypto-currencies like bitcoin.
Spanish translation: Finanzas y tecnología
Spanish translation: Finanzas y tecnología
Example:
- ‘Over the past five years, global financial technology
(fintech) financing has grown rapidly, but the share of fintech investment
directed at companies looking to compete against the financial services sector
has remained relatively stable at 62 percent. In New York City, however, that
explosive growth has coincided with a dramatic shift toward collaboration. As a
result, the city is quickly becoming the global center of a new kind of fintech
innovation’.
Tariff
A tax imposed on imported
goods and services. Tariffs are used to restrict trade, as they increase the
price of imported goods and services, making them more expensive to consumers.
A specific tariff is levied as a fixed fee based on the type of item (e.g.,
$1,000 on any car). Tariffs provide additional revenue for governments and
domestic producers at the expense of consumers and foreign producers. They are
one of several tools available to shape trade policy.
Spanish translation: Arancel
Examples:
- "Tariffs on some sensitive products will be eliminated over
longer timeframes as agreed by the TPP Parties”.
- “China declares it will stop selling iPhones if Trump imposes tariffs”
Tuesday, 13 December 2016
Words T9
Bank account
A bank account is a financial account maintained by a financial institution for a customer. A bank account can be a deposit account, a credit card account, or any other type of account offered by a financial institution, and represents the funds that a customer has entrusted to the financial institution and from which the customer can make withdrawals. Alternatively, accounts may be loan accounts in which case the customer owes money to the financial institution.
The financial transactions which have occurred within a given period of time on a bank account are reported to the customer on a bank statement and the balance of the accounts at any point in time is the financial position of the customer with the institution.
The laws of each country specify the manner in which accounts may be opened and operated. They may specify, for example, who may open an account, how the signatories can identify themselves, deposit and withdrawal limits and many other matters.
Spanish translation: Cuenta bancaria
Examples:
- ‘Avoiding commissions associated with a bank account is often one of the main concerns of clients’.
- ‘In today's world, European citizens cannot fully participate in society without a bank account. Bank accounts have become an essential part of our everyday life, allowing us to make and receive payments, shop online and pay utility bills (telephone, gas, electricity)’.
Bankrupcty
Is a legal situation in which a person (natural person), company or institution (legal entities) can not face the payments that must be made (liabilities due), because these are higher than their available (active) economic resources.
Spanish translation: Quiebra o bancarrota
Examples:
- ‘A bankruptcy case normally begins when the debtor files a petition with the bankruptcy court. A petition may be filed by an individual, by spouses together, or by a corporation or other entity’.
- ‘Lehman Brothers bank filed for bankruptcy on September 15, 2008.’
Words T3
Leasing
Written
or implied contract by which an owner (the lessor) of a specific
asset (such as a parcel of land, building, equipment, or machinery)
grants a second party (the lessee) the right to its exclusive
possession and use for a specific period and under specified
conditions, in return for specified periodic rental or lease
payments. A long-term written lease (also called a deed) creates a
leasehold interest which in itself can be traded or mortgaged, and is
shown as a capital asset in a firm's books.
Spanish
translation: Arrendamiento
financiero
Examples:
-
‘Leasing land for recreational hunting can provide Oklahoma landowners will a little extra cash in their pocket, labor resources for their land, perhaps a few new friends and a reduction in trespassing.’
Found
in:
http://www.newstimes.com/news/article/Oklahoma-residents-benefit-from-leasing-land-to-10690664.php
-
‘While construction started on the 374-unit complex last fall, officials with the company, one of the largest apartment developers in the nation, said the first units in Kennedy Flats will be available by January. Already the phones in the leasing office are ringing with potential tenants.’
Loan
Is
the lending of money from one individual, organization or entity to
another individual, organization or entity. A loan is a debt provided
by an entity to another entity at an interest
rate, and evidenced by a promissory
note which specifies, among
other things, the principal amount of money borrowed, the interest
rate the lender is charging, and date of repayment. A loan entails
the reallocation of the subject asset for
a period of time, between the lender and
the borrower.
Spanish
translation: Préstamo
Examples:
-
‘Interest rates have a huge effect on loans.’
-
‘In 2010 student loans overtook credit cards to become the biggest source of American household debt other than mortgages.’
Preference
shares
Shares
representing part of the capital issued by a company and entitling
their holders to priority with respect to both net profit and net
assets. Preference shares usually carry a definite rate of dividend
that is generally lower than that declared on ordinary shares.
Spanish
translation: Acciones
preferentes
Examples:
-
‘Listed perpetual preference (pref) shares are finally showing some sign of life after a decline between 2012 and early 2016 in which the JSE pref index shed a quarter of its value.’
Found
in:
http://www.financialmail.co.za/moneyinvesting/2016/04/28/preference-shares-a-rally-at-last
-
‘Barclays issues subordinated debt instruments and preference shares that contribute to the strengthening of our capital position.’
Subprime
Mortgage
A
subprime mortgage is a type of mortgage that is normally issued by a
lending institution to borrowers with low credit ratings
Spanish
translation: Hipoteca
Subprime
Examples:
-
‘In this scene appears "Michael Burry" who discovers as there are numerous bonds that are with a high percentage of subprime mortgages and deduces that from 2007 the bonds were worthless.‘
-
‘The subprime mortgage crisis occurred when banks used home mortgages to underwrite mortgage-backed securities, and then went bankrupt after the housing market collapsed.’
Words T6
Factoring
In finance, factoring consists of acquiring credits
from sales of movable property over a real estate company, providing services
or performing works, granting advances on its credits, assuming its risks.
Through the factoring contract a merchant or manufacturer transfers an invoice
or other credit document to a factoring company in exchange for a total or
partial financial advance. The factoring company deducts from the amount of
credit purchased, commission, interest and other expenses. Factoring companies
are usually banks, savings banks or other specialized companies.
Spanish translation: Factoring
Examples:
-
Companies that
use factoring like it because they get money quickly rather than waiting the
usual 30 or 60 days for payment. After sending an invoice to a factoring firm,
a business can have money in its hands within 24 to 48 hours.
- The cash advance
rate can vary depending on what industry your company is in and whom you choose
as a factor. The advance rate can range from 80% of an invoice value to as much
as 95%. Your industry, your customers’ credit histories and other criteria help
determine the advance rate you receive.
Hedge fund
Hedge funds are alternative investments using pooled
funds that may use a number of different strategies in order to earn active return, or alpha, for their investors. Hedge funds may be aggressively managed or make use of derivatives and leverage in both domestic and international markets with the goal of generating high returns (either in an absolute sense or over a specified market benchmark).
Spanish translation: Fondo de cobertura
Examples:
– ‘A hedge fund brutal. I think his plan is to
convert into a bank Phenix American. They mentioned their relocation. They like
Paris but France, too many social laws’.
Found
in: http://wibaf.blogspot.com.es/2016/10/title-capital-duration-114-min.html?zx=3002fe99ce24f190
– ‘In february it emerged that nearly half of the richest hedge-fund
managers in Britain have donated a total of £10m ($14.8m) to the Conservative party since 2010. Labour, the opposition party, has accused the Tories of dishing out favours, such as a tax loophole, to their “hedge-fund friends’.
Inflation
A persistent, substantial rise in the general level of
prices related to an increase
in the volume of money and resulting in the loss of value of currency.
in the volume of money and resulting in the loss of value of currency.
Spanish translation: Inflación
Examples:
–
‘Higher food prices helped push inflation across the
19-country eurozone to its highest rate in two and a half years, official
figures showed Wednesday. However, the increase in the annual rate to 0.6
percent is unlikely to alter market expectations that the European Central Bank
will extend its stimulus program next week.’
–
‘With
stockmarkets tumbling and the oil price below $30, some economists are once
again worrying about global deflationary pressure. Low inflation can be toxic
for economies when interest rates are also low. One warning light that is
flashing red in America is market expectations of inflation, which have
plummeted to lows not seen since the financial crisis.’
Pension
scheme or Pension plan
It
is an arrangement by
which an employer and, usually, an employee pay into a fund that is invested to
provide the employee with a pension on retirement.
Spanish translation: Plan de pensiones
Examples:
-
‘Centre has released Rs 2,000 crore
to Employees' Pension Scheme as
its contribution for the year 2015-16, Minister of
State for Labour and Employment Bandaru Dattatreya said Monday.’
-
‘Markets regulator Sebi has introduced a new pension
scheme for its permanent staff members.’
Words T1
Bank fees
Many banks
charge nominal fees for various services, such as requesting a deposit slip or
counter check or notarizing a document. Bank fees generally constitute a major
portion of revenue for the bank, particularly for regional and local branches.
Spanish translation: Comisiones
bancarias
Example:
- ‘Bank fees are relatively easy to avoid, but I hadn’t done my homework, and I was paying the price for not paying attention. Let me save you that pain.’
Found in: http://www.forbes.com/sites/seanmcquay/2016/12/01/you-can-ease-the-bank-fee-bite/#5f4eaa75ede7
Credit
card
A credit card is a card issued by a financial company giving
the holder an option to borrow funds, usually at point of sale. Credit cards charge interest and are primarily used
for short-term financing. Interest usually begins one month after a purchase is made, and borrowing
limits are pre-set according to the individual's credit rating.
Spanish translation: Tarjeta de crédito
Examples:
- - ‘Borrowing on credit cards and loans
grew’
-‘The government is planning to ban "excessive" fees for using a
debit or credit card to buy items such as tickets online.’
Investment Fund
An investment
fund is a supply of
capital belonging to numerous investors used
to collectively purchase securities while each investor retains ownership and control of his own shares. An investment fund provides a broader selection of investment opportunities, greater management expertise and lower investment fees than investors might be able to
obtain on their own. Types of investment funds include mutual funds, exchange-traded funds, money market funds and hedge funds.
to collectively purchase securities while each investor retains ownership and control of his own shares. An investment fund provides a broader selection of investment opportunities, greater management expertise and lower investment fees than investors might be able to
obtain on their own. Types of investment funds include mutual funds, exchange-traded funds, money market funds and hedge funds.
Spanish
translation: Fondo de inversión
Example:
- - ‘The fund has invested in Fair Trade and organic-certified coffee
cooperative
located in Ecuador.’
located in Ecuador.’
Mortgage
A mortgage is a debt instrument, secured
by the collateral of specified real estate property, that the borrower is
obliged to pay back with a predetermined set of payments. Mortgages are used by
individuals and businesses to make large real estate purchases without paying
the entire value of the purchase up front. Over a period of many years, the borrower
repays the loan, plus interest, until he/she eventually owns the property free
and clear.
Spanish translation: Hipoteca
Example:
-
‘Mortgage
loans are usually entered into by home
buyers without enough cash on hand to purchase the home. They are also used
to borrow cash from a bank for other projects using their house as collateral.’
Thursday, 8 December 2016
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