TACN2

MONEY ANH BANKING

shaft-draft account

shaft-draft account

Tài khoản hối phiếu cổ phần

a version of a checking account, offered by a credit union (tổ chức tín dụng) instead of a bank

NOW ACCOUNT

Tài khoản lệnh rút tiền chuyển nhượng

an interest-earning bank account with which a customer is permitted to write drafts against money held on deposit

The lender of last resort

Người cho vay cuối cùng

It is responsible for providing its nation's economy with funds when commercial banks cannot cover a supply shortage.

Demand deposit = CHECKING ACCOUNTS (tài khoản vãng lai)

tài khoản tiền gửi không kì hạn

an account from which deposited funds can be withdrawn at any time from the depository institution. Demand deposits are commonly known as checking accounts.

Time deposit = SAVING ACCOUNTS

tiền gửi có kì hạn

an interest-bearing bank deposit account that has a specified date of maturity, such as a savings account or certificate of deposit (CD)

Trust account

Tài khoản ủy thác

 A savings account established under a trust agreement whereby a trustee (người ủy thác) administers the funds for the benefit of one or more beneficiaries(người thụ hưởng)

 barter economy (nền kinh tế trao đổi hiện vật)

Barter economy is the economy in which goods and services are exchanged/ traded directly.

legal tender

tiền pháp định

withdrawal 

is an amount of money that you take from your bank account.

bid rates (borrowing rates) – lãi đi vay

the interest rates that commercial banks pay to depositors 

offer rates (lending rates) – lãi cho vay

the interest rates that commercial banks charge for loans to businesses and individuals.

Personal (individual) income tax

is the tax (which is) imposed on individual incomes.

Corporate income tax

is the tax imposed/ levied on the company’s profits/ incomes. 

Capital gain tax

income gained from selling the company’s assets 

Capital gain (n) profit resulting from the sale of capital investments, as stocks, real estate, etc.

A capital gain is the amount by which the selling price of a financial asset exceeds its cost.

Inheritance tax

is a tax which has to be paid on the money and property of someone who has died.

Custom duty

Is the tax imposed on import and export.

to protect domestic production, ensuring employment for the local people.

Excise tax

Is the tax imposed on some special goods and services such as beer, alcoho, cigarettes…to restrict the consumption of some specific goods & services.

 capital transfer tax

Is the tax imposed on gifts and inheritances over a certain value.

VAT tax

Is the tax collected at each stage of production, excluding the the taxed cost form previous stages.

Progressive tax

Progressive tax is levied at a higher rate on higher income, such as investment income taxes, tax on interest earned, and so on.

Regressive tax

Regressive tax is levied at a lower rate on higher income. In other words, regressive taxes place more burden on low-income earners. Such as property taxes, sales taxes on goods, excise taxes and so on.

a journal (a book of original)

is a detailed account that records all the financial transactions of a business.

Ledgers

are books recording all of the account of a business. The account of a business is a financial record containing information of groups of similar transactions.

An account

The account of a business is a financial record containing information of groups of similar transactions.