A foreign bank issues an undertaking to the exporter ( through a bank in the exporter’s country) to pay for the goods as long as the exporter complies with the terms and conditions of the contract. This is a much safer form of payment for the exporter. To be even safer, the exporter can arrange for the bank in his/her country to act as “ confirming bank”, which means that the bank in the exporter’s country is responsible for the transaction:

To make two accounts match with each other:

If ever you find you have an unexpected expense, you can always………..some money from your current account:

A small book that records a depositor’s deposits, withdrawals and interest payments by the bank:

All the ……………..you make on your account are recorded so that you can check the details at any time:

The value of one currency in terms of another:

Two or more customers may apply for a ……………………..:

In Japan, the US dollar is ……………………………….:

Delayed, put off or postponed until a later time:

A numerical assessment of the risk of a potential borrower:

To subtract money from an account:

Money paid by the government or a company to a retired person is a …………….:

 ………are people who put money into a business in the hope of making a profit:

Failure to carry out the terms of a contract, especially failure to pay back a debt:

Money received; in accounting, an entry made on the right side of an account:

The money that you borrow from a banking institution is called a……..:

Members of a board of directors who are not full-time managers of the company:

After they have been paid in, checks usually take three working days to…..:

My husband would like to remodel the kitchen so I would like to………$20,000 for a second mortgage on our house:

Computerized banking is………:

The money needed to start a company is called……………………………….: