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1 The organization of the financial industry
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1.1 Vocabulary
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Money you put in the bank is called a ...
deposit -
Securities representing part-ownership of a company are called ... or ...
shares or stocks -
... are interest-paying securities issued by companies that need to borrow money
bonds -
A ... is when a company gains control of another one by buying its stocks
takeover -
A ... is when two formely seperate sompanies join together
merger -
abolished or ended rules and restrictions
deregulated -
sums of money paid as penalties for breaking the law
fines -
groups of companies that have joined together
conglomerates -
guarenteeing to buy a company's newly issued stocks if no one else does
underwriting -
poeple who place money in bank accounts
depositors
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