Basic ecomonic terminology. Искренко Э.В - 28 стр.

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      market          bonds              buyers
      safety          economy            interest
      repayment       prices             commercial

      Government securities, which are usually _____ that pay a
fixed amount of _____ each year, have, unlike most _____
securities, a guaranteed _____ factor concerning their ultimate
_____. Nevertheless, these securities are traded in the _____, and
their _____ fluctuate in value depending on trends and conditions
in the _____ and according to the relative balance between _____
and sellers.

                      B. Types of securities
      1. Bond — a certificate acknowledging a debt and the amount of
interest to be paid each year until repayment.
      2. Coupon bond — a bond whose ownershi p is not registered
by the issuing company.
      3. Bond indenture — a legal document that details all the
conditions relating to a bond issue.
      4. Government bonds — debt issued by the federal government,
including Treasury bills, Treasury notes, and Treasury bonds (such
as savings bonds).
      5. Munici pal bonds — long-term debt issues by state and local
governments; revenues are used to finance school systems,
transportation, and other social-welfare projects.
      6. Secured bonds — bonds issued by borrowers who pledged
assets as collateral in the event of nonpayment.
      7. Corporate bond — a promise by the issuing company to pay
the holder a certain amount of money on a specified date, with
stated interest payments in the interim; a form of long-term debt
financing.
      8. Debentures — unsecured bonds.
      9. Callable bond — a bond that may be paid off by the issuer
prior to the maturity date.
      10. Serial bonds — a bond issue in which redemption dates are
staggered so that a firm pays off portions of the issues at different
predetermined dates.

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