Vocab Practice.
Grace is in a bad fix. She "inherited" a lot of financial problems from her deceased husband.
Here are some sentences transcribed from the movie. Replace the words in bold by synonyms. You may post your answers below (comments) or send them by e-mail.
GRACE at the grocery store:
-“I'd like a package of paracetamol and I'd like to settle my account.”
GERALD and GRACE at the bank:
-“I can extend the overdraft...a bit. And maybe you can find out if there's a life insurance policy."
-"Your late husband used the house as an asset to raise capital. As you have no children, you'll inherit the estate...but you'll also inherit the mortgage."
-"Fine. The house's XX years old. The mortgage must be paid off by now."
-"You don't understand. He used the house as collateral for loans to finance business deals. Do you have a stock portfolio, perhaps?”
Vocab Practice
ReplyDeleteto settle-to pay
overdraft- debt
policy - plan
asset - value, worth?
estate- inherit
mortgage -loan
pay off- amortize
collateral - warrant
loans - borrowing
deals- agreement
stock portfolio- fund
Júlio
Dear Students,
ReplyDeleteThanks for your contributions both posted here or sent by email.
Here are the answers.
to settle: TO PAY A DEBT OR BILL
an overdraft: AMOUNT OVERDRAWN(having a negative balance)
policy: INSURANCE CONTRACT
asset: GOODS
estate: PROPERTY or... extensive piece of land usually with a large house on it
mortgage: CONDITIONAL CONVEYANCE OF PROPERTY AS FOR SECURITY ON A LOAN
to pay off: PAY A DEBT IN FULL
collateral: WARRANT, SECURITY DEPOSIT
loan: MONEY BORROWED
deal: TRANSACTION; AGREEMENT
stock portfolio: LIST OS SECURITIES AND STOCKS/SHARES