This section is for those who are interested in English for Economics and concerning about “ASEAN Free Trade Agreement” (AFTA) in which Vietnam is going to join this late 2015. We can simply understand that Vietnamese Human Resources (with excellent language proficiency, of course) can easily cross borders and work in these countries with the same rights and responsibilities as native people. Besides this huge advantage, the agreement also brings disadvantage to Vietnam as job-hunting will be more competitive with foreign human recourses also being able to join in the market. Therefore, in order to survive in this extremely competitive environment, Vietnamese people not only need to gain more professional experiences but also improve their English for economics to work internationally. It has always been ELTiCenter’s intention to provide the most frequent-used English vocabulary for Economics to learners so that it can help them to be more confident and ready for the upcoming integrative trends.
“Free Trade Agreement (FTA): Such agreements involve cooperation between at least two countries to reduce trade barriers- import quotas and tariffs – and to increase trade of goods and services with each other. If people are also free to move between the countries, in addition to FTA, it would also be considered an open border. It can be considered the second stage of economic integration.”
Stock/Securities English
- Payables: The amounts that a person or organization owes to someone else in the normal daily business
- Receivables: The amounts that a person or organization is owed in the normal daily business, i.e., excluding loans and abilities.
- Assets: The things which a person or company owns and which are of value to the owner
- Budget: The fixing of the amounts to be spent in the future. Also, the official statement showing these amounts.
- Parent company: A company which owns most of the shares in another company.
- Subsidiary: A company which is owned or controlled by another company.
- Liability: The amount of money or the value of something which a person or organization owes to someone else. For insurance matters, “liability” means the responsibility to pay the costs of an accident.
- Stock: Another word for shares of a company.
- Dividend: The distribution of the profits of a company to its owners.
- Creative accounting: The manipulation of figures in the accounts, designed to give a better result for the company.
- Common stocks: Equity in a publicly traded company in the form of one share of ownership. Each share’s cost/price is determined where the shares are first offered for sale, and subsequently, what the market values the stock for.
- Publicly owned company: A company owned by shareholders, as differentiated from a government owned company.
- Preferred stock: This is a special kind of stock; owners of preferred stock are paid dividends or a share of the profits made by the company before shareholders of common stock. Preferred stocks are valued differently from common stock.
- Stock market: This refers to a company or place where people can buy or sell stocks.
- Stock broker: The person or company who helps an investor buy or sell stocks; the broker or brokerage (the company) gets a commission on the stock bought or sold.
- Shareholder/investor: The person who buys and sells stocks as a form of investment; usually for the gain in the price of a stock or from the dividends paid by the company.
- Capital gains: This refers to the gain (or loss) in the price of stocks as established in the stock market.
- Growth stocks: Stocks of companies showing highest potential of growth in profits or sales or both or overall value.
- Core stocks: Stocks of companies selling core products or services; these companies are large and stable, meaning prices do not change much over time and usually do not gain (or lose) much in price.
- Value stocks: Stocks of companies whose share price is low compared to others in the same field because of temporary or short term problems, and is viewed as being underpriced, meaning they are selling for less than what they are worth; these stocks may have the best potential for change in share price as the market improves.
More words coming…….!
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