Professional Documents
Culture Documents
"why did the company see fit to give you the job?"
ought to - used to indicate duty or correctness, typically when criticizing someone's actions.
"distorted guitars"
adjourn - break off (a meeting, legal case, or game) with the intention of resuming it later.
"the right wing had lost much of its political leverage in the Assembly"
SEC - Securities and Exchange Commission, a US governmental agency which monitors trading in
securities and company takeovers.
gutting - remove or destroy completely the internal parts of (a building or other structure).
underwrite - sign and accept liability under (an insurance policy), thus guaranteeing payment in case
loss or damage occurs.
subprime - denoting or relating to credit or loan arrangements for borrowers with a poor credit history,
typically having unfavourable conditions such as high interest rates.
on the hook - to be on the hook is to be caught in a bad situation or to owe money. When you’re on the
hook, you’re in a tight spot. If you're on the hook for your half of lunch, you better pay up!
off to the races - Fig. an expression characterizing the activity or excitement that is just beginning; [we
are] leaving for something interesting or exciting. The tour bus is out in front waiting and we've said
goodbye to everyone. Looks like we're off to the races.
hedge fund - an offshore investment fund, typically formed as a private limited partnership, that
engages in speculation using credit or borrowed capital.
"the real virtues and diversity of America had never been conveyed in the movies"
"Mr Harvey and his daughter have asked me to convey their very kind regards"
LAW
"no application for registration is required when the property is conveyed following a court order"
commodity - a raw material or primary agricultural product that can be bought and sold, such as copper
or coffee.
claim - state or assert that something is the case, typically without providing evidence or proof.
credit default swaps - a financial contract whereby a buyer of corporate or sovereign debt in the form of
bonds attempts to eliminate possible loss arising from default by the issuer of the bonds. This is
achieved by the issuer of the bonds insuring the buyer’s potential losses as part of the agreement.
"fears of so-called counterparty risk arising from credit default swaps were central to the investment
bank's unravelling in March"