大學金融英語chapter 16 Bak Institutions

1、chapter sixteenbank institutions learning objectivesafter studying this chapter you should be able to:1. define the term “bank”2. tell the common classes of banks in the u.s. and in the u.k.3. describe the basic functions of the chief classes of the u.s. and the u.k. banksnotesi.new words1. establis

2、hment n. 企業(yè)a commercial business2. to honour vt. 允準，承兌3. to collect vt. 托收4. statutory a. 法定的，依照法令的5. credit balance 貸方余額6. to conveyance vt. 轉(zhuǎn)讓notes7. to transfer vt. 轉(zhuǎn)賬，轉(zhuǎn)讓，劃撥8. repayment n. 付還9. custody n. 保管10. subsidiary a. 附屬的11. to remit vt. 匯兌12. fulfill vt. 完成，實現(xiàn)，履行（ame also fulfil）notesii.

3、useful and idiomatic expressions1. to deal in 經(jīng)營to trade in, e.g. the shop deals in woolen goods.2. to collect cheques for. 為托收支票所付款項3. to facilitate the transmission of funds 為資金傳送提供方便4. to compete with. 與進行競爭to rival.5. to put money into. 將錢存放在6. to pay interest on. 對支付利息7. to improve ones houses

4、對房屋進行裝修改造notesiii. key terms1.high-street banks （英）指在大城市主要街道開設分行的大型商業(yè)銀行2.the big four英國指它的四大商業(yè)銀行the major high-street or main commercial banks in the u.k.（barclays, lloyds, midland, and national westminster中文為巴克萊、勞埃德、密德蘭（米德蘭）和國民西敏士銀行。big four可譯成“四巨頭”。）3.estate agency房地產(chǎn)代理機構（estate agent（英）房地產(chǎn)經(jīng)紀人=（美）

5、realtor或real estate agent)4.clearing bank清算銀行 5.clearing house票據(jù)交換所notes6.clearance of cheques支票的結(jié)算7.jointstock banks(英)合資銀行a u.k. bank that is a public limited company rather than a private bank (which is a partnership). in the 20th century, u.k. joint-stock banks became known as commercial banks o

6、r high-street banks.8.lender-of-last resort 最終貸款人，最后放款者（央行職能之一）a countrys central bank with responsibility for controlling its banking system. in china the peoples bank of china plays this role.main text definition of bank bank is an establishment which deals in money, receiving it on deposit from c

7、ustomers, honoring customers drawings against such deposits on demand, collecting cheques for customers and lending or investing surplus deposits until they are required for repayment. bank is a “deposit-taking” institution or an organization for the custody, loan, or exchange of money, for the exte

8、nsion of credit, and for facilitating the transmission of funds main text major classes of banks u.s.an independent central bankthe federal reserve system or the fedcommercial banks investment banksthrifts or thrift institutions, such as mutual savings banks, savings and loan associations and credit

9、 unions.main text major classes of banks u.k.a subsidiary central bankthe bank of england commercial banks, such as national westminster, barclays, lloyds, and the midland which are often referred to in the u.k. as the big four or the high-street banks; merchant banks, which fulfill some functions o

10、f a u.s. investment bank building societiesclearing banks main text chief functions of banks taking time or demand deposits from depositors; extending loans to individuals, firms, and other organizations; providing consulting services to the banks customers; making investments in profitable areas; e

11、xchanging money;main text chief functions of banks facilitating the transfer of funds in the economy; making and receiving payments on behalf of the customers; collecting funds on the cheques presented to the bank by depositors or the customers; managing the wealth of the customers; making remittance for customers. 1. what is your definition of bank? 2. can you tell briefly the major types