🎯 Practice Session
Sources of Finance
Learn about different ways companies raise capital, including equity financing and debt financing, and understand the advantages and disadvantages of each method
Intermediate
Unit 17
Vocabulary Only
1 / 46
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Vocabulary
dilute
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pha loãng, làm giảm
Example: Issuing new shares dilutes the ownership of existing shareholders.
Example: Issuing new shares dilutes the ownership of existing shareholders.
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Vocabulary
exposed
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bị phơi bày, có rủi ro; dễ bị tổn thương
Example: Owners' capital is the most exposed form of financing.
Example: Owners' capital is the most exposed form of financing.
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Vocabulary
sale of assets
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bán tài sản
Example: The sale of assets provided immediate cash for the business.
Example: The sale of assets provided immediate cash for the business.
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Vocabulary
advantage
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lợi thế, ưu điểm
Example: The main advantage of equity is no fixed interest payments.
Example: The main advantage of equity is no fixed interest payments.
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Vocabulary
reinvested earnings
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thu nhập tái đầu tư; lợi nhuận giữ lại
Example: The company used reinvested earnings to fund expansion projects.
Example: The company used reinvested earnings to fund expansion projects.
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Vocabulary
distribution channel
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kênh phân phối
Example: Companies must select appropriate distribution channels for products.
Example: Companies must select appropriate distribution channels for products.
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Vocabulary
survival
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sự tồn tại, sự sống sót
Example: The company's long-term survival depends on sound financial decisions.
Example: The company's long-term survival depends on sound financial decisions.
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Vocabulary
clearing bank
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ngân hàng thanh toán bù trừ
Example: Clearing banks provide various financial services to businesses.
Example: Clearing banks provide various financial services to businesses.
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Vocabulary
rate of return
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tỷ suất lợi nhuận, tỷ lệ hoàn vốn
Example: Venture capitalists expect a high rate of return on investments.
Example: Venture capitalists expect a high rate of return on investments.
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Vocabulary
venture firm
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công ty đầu tư mạo hiểm
Example: Venture firms typically invest in high-growth technology companies.
Example: Venture firms typically invest in high-growth technology companies.
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Vocabulary
capitalize on
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tận dụng, biến thành lợi thế
Example: Companies should capitalize on market opportunities quickly.
Example: Companies should capitalize on market opportunities quickly.
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Vocabulary
satisfy
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thỏa mãn, đáp ứng
Example: All creditors must be satisfied before owners receive returns.
Example: All creditors must be satisfied before owners receive returns.
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Vocabulary
listing
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sự niêm yết trên sàn chứng khoán
Example: The company gained a listing on the Stock Exchange last year.
Example: The company gained a listing on the Stock Exchange last year.
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Vocabulary
debt financing
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tài trợ bằng nợ
Example: Debt financing requires regular interest payments regardless of profits.
Example: Debt financing requires regular interest payments regardless of profits.
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Vocabulary
long-term loan
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khoản vay dài hạn
Example: The company obtained a long-term loan to finance new equipment.
Example: The company obtained a long-term loan to finance new equipment.
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Vocabulary
unlisted securities
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chứng khoán chưa niêm yết
Example: Small companies can raise funds through unlisted securities markets.
Example: Small companies can raise funds through unlisted securities markets.
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Vocabulary
bankruptcy
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tình trạng phá sản
Example: The company filed for bankruptcy after failing to repay its debts.
Example: The company filed for bankruptcy after failing to repay its debts.
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Vocabulary
pension fund
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quỹ hưu trí
Example: Pension funds invest in long-term securities and corporate bonds.
Example: Pension funds invest in long-term securities and corporate bonds.
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Vocabulary
claim
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quyền yêu cầu, quyền đòi hỏi
Example: Shareholders have a claim on the company's net profits.
Example: Shareholders have a claim on the company's net profits.
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Vocabulary
disadvantage
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bất lợi, nhược điểm
Example: A disadvantage of debt is the obligation to pay interest.
Example: A disadvantage of debt is the obligation to pay interest.
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Vocabulary
bank base rate
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lãi suất cơ bản của ngân hàng
Example: Interest rates are usually linked to the bank base rate.
Example: Interest rates are usually linked to the bank base rate.
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Vocabulary
interfere
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can thiệp, xen vào
Example: Venture capital firms usually don't interfere in daily operations.
Example: Venture capital firms usually don't interfere in daily operations.
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Vocabulary
trade credit
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tín dụng thương mại; thanh toán chậm cho nhà cung cấp
Example: Trade credit allows companies to pay suppliers at a later date.
Example: Trade credit allows companies to pay suppliers at a later date.
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Vocabulary
extreme
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cực đoan, nghiêm trọng
Example: In extreme cases like bankruptcy, equity holders are paid last.
Example: In extreme cases like bankruptcy, equity holders are paid last.
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Vocabulary
stock exchange
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sở giao dịch chứng khoán
Example: Large companies trade their shares on the stock exchange.
Example: Large companies trade their shares on the stock exchange.
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Vocabulary
demand
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đòi hỏi, yêu cầu
Example: Investors demand higher returns for taking greater risks.
Example: Investors demand higher returns for taking greater risks.
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Vocabulary
losing control
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mất quyền kiểm soát
Example: Going public risks losing control to outside investors.
Example: Going public risks losing control to outside investors.
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Vocabulary
high-growth
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tăng trưởng cao, phát triển nhanh
Example: High-growth companies attract venture capital investors.
Example: High-growth companies attract venture capital investors.
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Vocabulary
raise capital
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huy động vốn
Example: There are several ways to raise capital for business expansion.
Example: There are several ways to raise capital for business expansion.
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Vocabulary
proportion
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tỷ lệ, phần
Example: A higher proportion of debt increases financial risk.
Example: A higher proportion of debt increases financial risk.
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Vocabulary
dramatically
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đột ngột, mạnh mẽ; một cách kịch tính
Example: Earnings drop dramatically when interest payments consume profits.
Example: Earnings drop dramatically when interest payments consume profits.
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Vocabulary
net profit
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lợi nhuận ròng
Example: In successful times, owners have a claim on all net profits.
Example: In successful times, owners have a claim on all net profits.
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Vocabulary
original owner
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chủ sở hữu ban đầu
Example: Original owners may lose control when going public.
Example: Original owners may lose control when going public.
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Vocabulary
prosperity
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sự thịnh vượng, sự phồn vinh
Example: Economic prosperity creates favorable conditions for business growth.
Example: Economic prosperity creates favorable conditions for business growth.
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Vocabulary
overdraft
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thấu chi ngân hàng; số dư âm tạm thời
Example: The company has a bank overdraft facility for short-term needs.
Example: The company has a bank overdraft facility for short-term needs.
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Vocabulary
venture capital
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vốn đầu tư mạo hiểm cho các công ty khởi nghiệp
Example: The startup secured venture capital to fund its expansion.
Example: The startup secured venture capital to fund its expansion.
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Vocabulary
soak up
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hấp thụ, chiếm dụng
Example: Interest payments soak up most of the company's profits in hard times.
Example: Interest payments soak up most of the company's profits in hard times.
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Vocabulary
secure
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đảm bảo, thế chấp; bảo đảm
Example: Banks usually secure their loans over the company's fixed assets.
Example: Banks usually secure their loans over the company's fixed assets.
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Vocabulary
gearing
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tỷ lệ giữa vốn chủ sở hữu và nợ dài hạn; tỷ số vốn vay
Example: High gearing means the company relies heavily on borrowed funds.
Example: High gearing means the company relies heavily on borrowed funds.
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Vocabulary
public hands
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tay công chúng, sở hữu công chúng
Example: At least 25% of equity must be in public hands for listing.
Example: At least 25% of equity must be in public hands for listing.
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Vocabulary
outside creditor
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chủ nợ bên ngoài
Example: Money raised through debt must be paid back to outside creditors.
Example: Money raised through debt must be paid back to outside creditors.
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Vocabulary
issue
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phát hành, ban hành
Example: The company will issue new shares to raise additional capital.
Example: The company will issue new shares to raise additional capital.
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Vocabulary
fresh shares
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cổ phiếu mới
Example: Issuing fresh shares dilutes existing shareholders' ownership.
Example: Issuing fresh shares dilutes existing shareholders' ownership.
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Vocabulary
sound
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lành mạnh, vững chắc, hợp lý
Example: Sound financial management requires careful capital planning.
Example: Sound financial management requires careful capital planning.
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Vocabulary
equity financing
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tài trợ bằng vốn chủ sở hữu
Example: Equity financing comes from owners and shareholders.
Example: Equity financing comes from owners and shareholders.
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Vocabulary
merchant bank
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ngân hàng thương mại
Example: Merchant banks specialize in corporate finance and advisory services.
Example: Merchant banks specialize in corporate finance and advisory services.
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