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

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