Vocabulary

 

to reimburse – возмещать, компенсировать, оплачивать, рамбурсировать

consumer credit – потребительский кредит

store card – (амер.) рекламная карточка с описанием товара

personal loan – ссуда частному лицу

retail loan – ссуда розничной торговле

mandatory – обязательный

optional - необязательный

credit insurance – кредитное страхование, страхование кредитных операций

 

8. Give Russian equivalents:

to grant a loan

to generate a debt trade credit

purchase agreement motor (auto) finance

arrangement fee

 

9. Choose words from the list to fill in the gaps, then use them to make sentences:

arrangement, optional, monetary, purchase, delayed

1. agreement

2. fees

3. payments

4. systems

5. costs

 

10. Fill in the gaps with the words and expressions from the text:

1. Provided resources are

at a later date.

2. Barter economies are based on

of goods and services.

3. Credit is frequently offered as a part of the terms of .

4. A credit manager is employed by .

5. The term

is synonymous to credit history or to credit score.

 

11. Answer the questions:

1. What is credit?

2. How are the parties called?

3. What can credit be based on?

4. What does the term “trade credit ” refer to?

6. What are common forms of consumer credit?

7. What is the cost of credit? What does it include?

8. What is credit history?

 

12. Use words/phrases from the list to help you retell the text:provision of resources, a creditor, a lender, financial instability, a purchase agreement, consumer credit, cost of credit, credit history

 

 

Unit 6