Choose the correct word to complete each sentence. Use a good dictionary to help you.
1 I took out a __________________ to extend the factory. a) credit b) debt c) loan 2 He offered his home as security or _____________when he borrowed from the bank. a) collateral b) deposit c) warranty 3 The ______________ rate on the loan was 15%. a) charge b) fee c) interest 4 We have a(n) _____________of $1 million to finance our three-month advertising campaign. a) budget b) cost c) expense 5 They have to pay the loan back over three years. The first ________________ is due in August. a) amount b) instalment c) part 6 Our state-of-the-art machinery is our major _______________. a) asset b) possession c) property 7 We want to find a partner who will take a __________________ in our business. a) risk b) share c) stake 8 Thanks to a government _________________ the firm was able to move to a new location. a) contribution b) subsidy c) support 9 Money owed by a company to its suppliers forms part of its _________________. a) damages b) liabilities c) losses 10 When the bank grants a business an _______________ facility, their current account can go into the red. a) overdraft c) overhead c) overpayment Exercise 9 Match the following expressions with their definitions:
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