Friday, August 28, 2009

The language of financial reports

to mesmerise to hypnotise or fascinate someone

anaemic growth very weak growth

(economic) recession a time when the country’s economy is failing badly

the stock market the place where shares in companies are bought and sold

to call off (a sale) to cancel something which has been planned (in this example, the sale of a large company)

to underwrite (a sale) to guarantee that people will not lose money if they participate in a sale of a company. The underwriters accept responsibility for any losses which a sale might make.

to wipe (money) off (a price)

to reduce the cost of something by a large amount

to plummet to fall very, very quickly

to rocket to rise very, very quickly

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