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CultureWhat is lend-lease - and 6 more incomprehensible words that you hear...

What is lend-lease – and 6 more incomprehensible words that you hear right now

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How venture differs from futures, what is lend-lease and in what form exactly the concepts of “acquiring” and “grace period” are present in our lives – we understand the meanings of business terms – especially if English is not your mother tongue.

Venture, or venture business, is an investment in an innovative business with a high risk. In other words, these are investments in startups at an early stage, when it is not very clear whether the project will succeed or not. Venture investors usually invest in several projects at once and are ready for the fact that not all of them will bring profit. From English, the word venture is translated as “adventure”.

The word “futures” is borrowed from English, where futures are goods purchased for future use. The “Big Explanatory Dictionary” defines the meaning of the word as follows: “a type of sale and purchase transaction on the stock or commodity exchange, at the conclusion of which the parties agree only on the price and delivery time of the goods.”

Simply put, the meaning of a futures transaction is to protect yourself from financial risks – to sign a contract that will fix the price of the product, protect the buyer from its possible fluctuations in the future, and the seller from the fact that the buyer’s plans will change.

Judging by the “Big Explanatory Dictionary”, this word has two main meanings: affiliated is a structure attached to a larger company / organization as a junior partner; also this word can characterize a company or a person closely related to a larger structure or organization, depending on it.

“Affiliate firm” – attached to a larger structure in the form of a branch or subsidiary. An “affiliate” is a person (usually an investor) who has the ability to exercise direct influence over the operations of the company.

Another borrowing from English: the verb acquire is translated as “acquire” or “receive”. In the modern world, acquiring refers to all technologies of non-cash payment acceptance using bank cards and contactless payment systems.

There are five types of acquiring: merchant (payment terminals in places of trade); Internet acquiring (virtual purchases using bank cards or virtual money); ATM-acquiring (ATMs through which you can pay for services); mobile acquiring (a technology that allows you to accept payments using a smartphone and a special terminal through a payment application issued by the bank). Payment by QR code is also one of the types of acquiring.

Lend-Lease (spelled with a hyphen) is an American system invented during World War II for the transfer (on loan or lease) of weapons and / or food to the countries of the anti-Hitler coalition.

The Lend-Lease Act was signed in March 1941 to transfer industrial and agricultural products to countries whose defense system was recognized as critical to US security. At first, only Great Britain and Greece were such countries. In November 1941, the USSR joined them. After the Great Patriotic War, the USSR owed the United States $1.3 billion in lend-lease debt. The last payment on it was made on August 21, 2006.

The English word grace has more than twenty meanings, including “mercy”, “grace”, “decency”, “favor” and even “prayer”. In the financial world, the concept of “grace period” is used to refer to a grace or interest-free period of lending. In most cases, the grace period applies only to non-cash transactions, some banks extend it to cash withdrawals as well.

The word “issuer” is of Latin origin. Emittens is translated as “issuer”. It is used to refer to companies and financial institutions that issue securities that anyone can buy. In addition, the issuer can be called a bank that issues credit or debit cards. The state, which has the right to issue money, is also an issuer, as are municipal governments that sell bonds to make up for the budget deficit.

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