1. Commercial banks
Book 2 Unit 7

2. The plan of lesson:
Commercial bank
1. Translation.
2. Put sentences in the correct order
3. Listening ex 7, 6
4. Doing exercises 1-5
5. Bingo

3. New words:
• Contractor- Гэрээлэгч тал, барилгын
• Development- Хөгжил, дэвшил
• Construction- Барилга
• Business loan- Бизнесийн зээл
• Secured loan- Найдвартай зээл
• Performance bond- Гүйцэтгэлийн баталгаа
• Letters of credit- Аккердитив
• Time deposit- Хугацаатай хадгаламж

4. • For profit- Ашиг олох
• Underwriting- баталгаа
• Merchant banking- Арилжааны банк
• Turn to – Хандах
• Win the bid- Тендерт ялах
• Bid - Дуудлага худалдаа
• Rely on- Итгэх
• Take off - Өсгөх

5. What is the commercial bank?
Арилжааны банк гэдэг нь хадгаламж хүлээн
авах, бизнесийн зээл хийх мөн
бүтээгдэхүүнд хөрөнгө оруулалт санал
болгох зэрэг үйлчилгээнүүдийг хангах
банкны нэг хэлбэр юм.

6. Frank is contractor. Ten years ago he bid on a $5 million
waterfront development project. It was a big move for
Frank who, up to then, had worked mostly on small
construction jobs. He needed to upgrade his equipment, so
he came to us for a business loan. We gave Frank a secured
loan to buy equipment. We also issued him a performance
bond. He won the bid, and his business took off. Frank now
hires contractors of his own. He turns to us for letters of
credit and relies on our high-yield time deposit accounts to
grow his savings.
Since 1904, we have helped thousands of business with
their banking needs. We are a for profit institution with a
wide array of experience ranging from loan underwriting to
merchant banking.

7. 1. What are some banking services business rely on?

8. 2. How do banks guarantee business transactions in
your country?

9. 1 __ The ad describes the bank’s founder.
2 __ The bank offers loans for construction.
3 __ The bank does not make profit from its loans.

10. Exercise-4:
1. Merchant banking
2. Underwriting
3. Construction
4. Time deposit
5. Performance bond
6. Contractor

11. Exercise – 5:
Continental Commercial
………………

12. Exercise – 6:
1.___ to apply for a financial
product
2.___ experiencing construction
delays

13. Exercise – 7:
1 bond
2 how long
3 worried about delays
4 How soon
5 underwriting
6 talk about

14. Bingo
1. Contractor
2. Business loan
3. Secured loan
4. Accessible
5. Assets
6. Locally
7. Community affairs
8. On-site
9. Securities
10. Management fees
11. Merchant banking
12. Bond
1. Investment
2. Diversify
3. Rate
4. Certificate of deposit
5. Reinvest
6. Ladder
7. Return
8. Letters of credit
9. Time deposit
10. Underwriting
11. Credit
12. Credit scores
13. Farmers