Dictionary of Banking and Finance is a concise literary work in the field of economics. It is an exhaustive text defining thousands of financial and banking terms which are very helpful for the novice as well as for the seasoned campaigners of this field. This particular dictionary contains more than 9,000 terms.
The phonetic transcriptions of the pronunciations are provided in this book. This particular book also distinguishes parts of speech and uses quotes from reliable texts to exemplify the explanations and usage in linguistic context. The Dictionary of Banking and Finance also describes the terms which are relevant in the field of Financial publications like The Wall Street Journal or The Economist.
We are passing through a period where American terminology is used for reporting by the media. The business sector is also dominated by the American interest and because of this, business related terms are also modified according to the demand of the occasion. New words are also introduced in the vocabulary and many provincial words of a particular region or state are getting entrance in the vocabulary.
Again, some slang terms, which can describe any particular thing with efficiency, are also included.
Now it is not possible for everyone to understand the difference between a charge card and a credit card, or to understand the slang terms like chickenfeed and fat cat. The Dictionary of Banking and Finance is very helpful in handling these terms and phrases properly and efficiently.
There are several phrasal verbs which we use in our daily life and which are very familiar and helpful for us in describing a particular situation in a precise form. Now, the same phrasal verb, when used in the field of finance, means something different from its general meaning. There are several new phrasal verbs, specially coined for the economic field. Again, some provincial phrasal verbs are also adopted for the same purpose. All these may seem quite difficult for people dealing in the particular sector. All these words are included in the Dictionary of Banking and Finance and the descriptions are given in lucid general language.
A good number of abbreviations are also explained in this book which are generally held as very confusing and bothersome. These explanations can be very handy for everybody. The abbreviations like FASIT: Financial Asset Securitisation Investment Trust or ECGD: Export Credit Guarantee Department, are very common and can be found in plenty in the financial texts.
Last Updated on : 1st August 2013