Basic abbreviations on economy and finance
| ACE | Action for Co-operation in the Field of |
| Economics | |
| A/C | air conditioning |
| ACCA | Association of charactered certified |
| accounts | |
| A/cs pay | accounts payable |
| ACPT | commerce acceptance |
| Adm. | administration |
| AG | account general |
| AIA | American Institute of Accountants |
| Association of International accounts | |
| A.I.B. | American Institute of Banking |
| APEC | Asia Pacific Economic Cooperation |
| A/R | accounts receivable |
| ARB | accounting research bulletin |
| ARTCC | air route traffic control centre |
| ATL | actual total loss |
| Bankr | banktrupcy |
| BIS | Bank of International settlements |
| Bk. | bank |
| Be, B/E | bill of exchange |
| B/P | bills (of exchange) payable |
| B/R | bills (of exchange) receiable |
| B/S | bill of sale |
| BTN | Brussels Tariff Nomenclature |
| Busn. | Business |
| CA | Chartered accounts |
| C/A | current account |
| CAD | cash against documents |
| CBD | cash before delivery |
| CCA | Chartered Certified Accounts |
| C.C.P.A. | Court of Customs and Patent Appeals |
| c/d | carried down |
| CCT | Common Custom Tariff |
| CEP | Committee of Economic Policy |
| CFO | Chief Financial Officer |
| CGA | Certified General Accountant |
| C.I. | consular invoice |
| CIA | cash in advance |
| CIF | cost insurance and freight |
| CIMA | Chartered Institute of Management |
| Accounts | |
| CMEA | Council for Mutual Economic |
| Assistance | |
| C/N | consignment notes |
| C.O.D. | cash of delivery |
| CPA | Certified Public Accounts |
| Curr. | currency |
| COMECON | Council for Mutual Economic Assistant |
| CWO | cash with order |
| cv | convertible |
| c.r. | current rate |
| DAF | delivered at fronties |
| D/D | demand draft |
| D/N | debit note |
| D/O | delivery order |
| D/p | documents against payment |
| Dr | debtor |
| devp. | developt |
| EBIT | Earnings before interest and taxes |
| EBRD | European Bank for Reconstruction and |
| Development | |
| ECB | European Central Bank |
| ECE | Economic commission for Europe |
| ECIP | European Community Investment |
| Partners | |
| ECTS | European Credit Transfer System |
| ECU | European Currency Unit |
| EEC | European Economic Community |
| EIB | European Investment Bank |
| EMI | European Monetary Institute |
| EMS | European Monetary System |
| ERM | Exchange Rate Mechanism |
| ECOSOC | Economic |
| EEO | Equal employment opportunity |
| Exec. | executive |
| FAF | Financial Aid Form |
| FDIC | Federal Deposit Insurance Corporation |
| Fin.Sec. | Financial secretary |
| FTA | Free trade agreement |
| FTSE | Financial time stock exchange |
| FTC | Federal Trade Commission |
| FTD | Federal tax included |
| FTZ | Free Trade Zone |
| FOB | free on board |
| Fig | figure |
| GATT | General Agreement on Tariff and Trade |
| Gro. | gross |
| GDP | Gross domestic product |
| GNP | Gross national product |
| HP | hire purchase |
| HLBB | Home loan bank board |
| IBRD | The International Bank for |
| Reconstruction and Development | |
| ICSID | The International Centre for Settlement |
| of Investment Disputes | |
| IDA | The International Development |
| Association | |
| IFC | The International Finance Corporation |
| IMF | International monetary fund |
| IOP | irrespective of percentage |
| ISBN | International standard book number |
| LIBOK | London interbank offered rate |
| LME | London Metal Exchange |
| MAQ | Monetary allowance for quarters |
| M/D | Month’s date |
| M-F | Monday throught Friday |
| MOM | Middle of the month |
| MIGA | The Multilateral Investment Guarantee |
| Agency | |
| Mngr. | manager |
| mv | Market value |
| n.f.d. | No fixed date |
| NMS | National market system |
| Nom.cap. | Nominal capital |
| NPV | Net present value |
| n.q.a. | Net quick assets |
| NSV | Net sales value |
| nW | Net weight |
| Pap. | paper |
| PAYE | Pay as you enter |
| pd | paid |
| pls. | please |
| PML | probably maximum loss |
| PN | promissory note |
| P.O.D., p.o.d | payment on delivery |
| P.O. | payment order |
| O/A | On account |
| OECD | Organization for economic cooperation |
| and development | |
| Ofc. | office |
| PPl | Producer Price Index |
| Ptnr. | partner |
| QCT | quality control technology |
| qr | quartes |
| QT | question trade |
| rcpt. | receipt |
| recr. | receiver |
| regd | registered |
| Reg. TM | registered trademark |
| ROI | return on investment |
| RPI | retail price index |
| RRP | recommended retail price |
| RSTR | restricted |
| RTM | registered trademark |
| SEAQ | Stock Exchange Automated |
| SEIU | Service Employees International Union |
| sm.c. | small capitals (letters) |
| sh. | Share |
| t.b. | trial balance |
| TCIU | Transportation Communications |
| International Union | |
| tmp. | temporary |
| TRN | transfer |
| UIS | Unemployment Insurance Service |
| ULS | unsecured loan stock |
| UPC | Universal Product Code |
| urg. | urgent |
| USCS | United States Customs Service |
| VAT | value added tax |
| VOU | voucher |
| WTIS | World Trade Information Centre |
| WTO | World Trade Organization |
| WPI | wholesals price index |
| W/R | warehoused receipt |
| xfer | transfer |
| Yid | yield |
REFERENCE LIST
1. Бессараб Н. English for Bankers: Навч. посіб. – К.: Київ. нац. торг.-екон.
ун-т. – 2002. – 150 с.
2. Дюканова Н.М. Английский язык для экономистов: учебное пособие. –
М.: ИНФРА., 2006 – 320 с.
3. Верховцова И.А. Методично-навчальний посібник з курсу ділової нглійської мови для студентів економіки та менеджменту. – Вінниця, 2003. – 256 с.
4. Коваленко В.Г. Англійська за професійним спрямованням. Луцьк: Ред.вид.віддл Луцького державного технічного університету, 2006 – 100 с.
5. Миньяр-Белоручева А.П., Миньяр-Белоручева К.В. Английский язык. Учеб. устного перевода: Учеб. для вузов. – М.: Экзхамен, 2003. – 352 с.
6. Черноватий Л.М., Карабан В.І. та ін. Переклад англомовної економічної літератури. – Вінниця: Нова книга, 2007– 412 с.
7. Heather Ferlicchia. Commercial English. - Харьков: Торсинг, 2002. – 192с.
8. Essential dictionary of abbreviations. Berkley books. New York, 2006. –
411 p.
9. Dictionary of Banking and Finance. Derrick G. Hanson, LL.M. of Limkoln’s Inn, Barrister; Fellow of the Institute of Bankers. Pitman.
10. The Penguin Dictionary of Economics. Fourth Edition. Graham Bannock, R.E. Baxter and Evan Davis Penguin Books.
Internet Sourses
http://en.wikipedia.org/wiki/Economics
http://en.wikipedia.org/wiki/Banking
http://en.wikipedia.org/wiki/Money
http://en.wikipedia.org/wiki/Accounting
http://en.wikipedia.org/wiki/Investment
CONTENTS
Пояснювальна записка………………………………………………….3
Part I
Unit1. Economics…………………………………………………………4 I. Active Vocabulary. ……………..............................................................4
II. Text: What is Economics and Economic System?……………………..5
III. Exercises ……………………………………………………………..7Unit2. Money and monetary policy……………………………………..13 I. Active Vocabulary. ……………...........................................................13
II. Text: Money and Payment System …………………………………..14
III. Exercises ……………………………………………………………16
Unit 3. Banking. Methods of payment………………………………….20 I. Active Vocabulary. ……………...........................................................20 II. Text : Banking………………………………………………………..21 III. Exercises ……………………………………………………………23
Unit 4. Accounting and bookkeeping…………………………………...27 I. Active Vocabulary. ……………...........................................................27
II. Text : Accounting and Bookkeeping …………………………………29
III. Exercises …………………………………………………………….31
Unit 5. Investments………………………………………………………34 I. Active Vocabulary. …………….............................................................34 II. Text: Investment ……………………………………………………...35 III. Exercises ……………………………………………………………..37