Defining financial terms

1. Loans
Book 2 Unit 2

2. Book-II Unit-2
1 Translation text
2 Exercise-2
3 Exercise-3
4 Exercise-4
5 Exercise-5
6 Exercise-7
7 Exercise-6
8 Exercise-8
9 Exercise-9
10 Team play

3. What are some reasons people
borrow money?

4. How do people borrow money in
your country?

5. New words
• Personal loan-Хэрэглээний зээл
• Signature-Гарын үсэг
• Credit score-зээлийн дүн
• Current rate-одоогийн ханш
• Lender-зээлдүүдэгч
• Borrower-зээлдэгч
• Penalty-торгууль
• Term-хугацаа
• Depending- хамаарах% шалтгаалах
• Principal- зарчим

6. Exercise-2
Loan type
Restrictions on
use
Term
Personal loan
Auto loan

7. Exercise-3
• We can lend you an amount of money to
purchase anything you want with just
your signature.
• Customers may make a request for a loan
by contacting a member services officer.
• The local bank offered him an amount of
money to borrow at a very reasonable
rate.

8. • Jack paid a fee for paying the
remaining balance of his loan off
before it was due.
• We will need to get an amount of
money to use toward the purchase of
a new vehicle.
• The bank charged Wendy a sum of
money for requesting to borrow
money from them.

9. 1.Personal loan
2.Apply
3.Loan
4.Early payoff penalty
5.Auto loan
6.Application fee

10. Exercise-4
A lender Borrower
A closing cost principal
A term financing

11. Exercise-5
• How many years does a borrower
have to pay off a personal loan?

12. Exercise-7
1. The principal is
2. plus interest
3. how long
4. early payoff penalty
5. pay off
6. signature

13. Exercise-6