Тема № 14 depository financial institutions Депозитные финансовые учреждения

1. Financial institution (финансовый институт) - an institution whose role is to provide for the creation, use, and flow of money.

2. Commercial bank (коммерческий банк) - a privately owned, profit-seeking depository financial institution that serves its customers by accepting deposits that can be withdrawn on demand, by accepting savings deposits, and by making loans.

3. Depository institution (депозитное учреждение) - a financial institution that is authorized to accept deposits that are withdrawable by check.

4. Savings and loan association (S&L) (ссудо-сберегательная ассоциация) - a depository institution that accepts deposits from the general public and lends funds mainly for mortgages on homes and other real estate.

5. Savings bank (сберегательный банк) - a depository institution that accepts deposits mostly from small savers, pays them interest and invests the funds mainly in real estate mortgages and government securities.

6. Credit union (кредитный союз) - an association of persons who are employed at the same firm or are members of the same labor union which sells shares to (accepts deposits from) its members and makes loans to them.

7. Mutual savings banks (взаимосберегательные банки) - depository financial institutions that are owned by their depositors and that, like S&Ls, use their savings deposits mainly to make housing loans.

8. Thrift institutions (сберегательные учреждения) - financial institutions that make long-term loans primarily to households.

9. Commercial finance company (коммерческая финансовая компания) - a financial institution that makes loans to firms using accounts, receivables, inventories, or equipment as collateral.

10. Sales financial company (торговая финансовая компания) - a financial institution that specializes in financing installment purchases by consumers and firms.

11. Consumer (or personal) finance company (потребительская финансовая компания) - a financial institution that makes personal loans to consumers but not to businesses.

12. Financial services company (компания по оказанию финансовых услуг) - a financial institution that offers a range or services that once could be had only by going to several financial institutions.

13. Finance company (финансовая компания) - a firm that does not take deposits but does lend money to individuals and/or businesses at rates higher than those demanded by banks.

14. Trust services (трастовые услуги) - the management of an individual’s investments, payments, and/or estate by a department of a commercial bank in return for a fee.

Тема № 15 types of cards, checks and accounts Типы карт, чеков и счетов

1. Debit card (дебетовая карта) - a plastic card that, when used, immediately reduces the balance in the user’s bank account.

2. Credit cards (кредитная карта) - provide a temporary loan to their users by allowing them to purchase items and pay for them later.

3. Checkable deposit (чековый вклад) - any deposit in a commercial bank or thrift institution against which a check may be written; it includes demand deposits, and NOW, or ATS accounts.

4. Check (чек) - a written order for a bank or other financial institution to pay a stated sum of money to the business or person indicated on the face of the check.

5. Open check (открытый чек) - a check payable on presentation by the holder in cash.

6. Closed (crossed) check (закрытый чек) - a check that can only be paid into the bank account of the person presenting it for payment.

7. Traveller's checks (дорожные чеки) - checks issued by large financial institutions and sold through depository institutions such as banks and credit unions.

8. Certified check (гарантированный чек) - a check certified by a bank to be cashable.

9. Cashier’s check (банковский чек) – a check on the bank written by the bank’s cashier.

10. ATS account (автоматический счет финансовых услуг) - a deposit that can be automatically remitted to a savings account.

11. Noncheckable savings account (нечековый сберегательный счет) - a savings account against which a check may not be written, a savings account which is not a NOW, or ATS.

12. Negotiable order of withdrawal (NOW) account (Счет НАУ) - an interest-bearing checking account offered by commercial banks, savings banks, and savings and loan associations.

13. Money market account (счет денежного рынка) - an account at a financial institution that pays interest rates comparable to those paid by money market mutual funds and that permits the depositor to write a limited number of checks against the account.

14. Money market deposit accounts (депозитный счет денежного рынка) - that part of the M2 money supply consisting of investments in government-insured bank funds that are invested in short-term, low-risk financial securities.

15. Demand deposits (вклады до востребования) - are accounts on which depositors can write checks to obtain their deposits at any time.

16. Time deposit (срочный вклад) - money placed in a financial institution that remains there (on deposit) for a period of time while earning interest.

17. Certificate of deposit (CD) (депозитный сертификат) - a time deposit in a financial institution that is made for a certain period of time at a fixed rate of interest.