UNIT 11

credit crunch-credit squeeze-a sudden sharp reduction in the availability of money or credit from banks and other lenders.

be referred to as sth. – be called

consider-believe trigger-initiate, start liquidity shortfall- a deficit result IN sth.

collapse-fall bailout-an act of

giving financial assistance to a failing business or economy to save it from collapse.

downturn-a drop or reduction in economic activity

suffer-undergo eviction-action by a

landlord that compels a tenant to leave the premises

bubble-A price level that is much higher than warranted by the fundamentals. Bubbles occur when prices continue to rise simply because enough investors believe investments bought at the current price can subsequently be sold at even higher prices.

solvency-The state of a company being able to service its debt and meet its other obligations.

decline IN sth. an impact ON sth. –

an influence On sth. suffer a loss accurately- precisely adjust sth. TO sth.-

accommodate sth. TO sth.

foreclosure- gubitak prava na imovinu pod hipotekom - the process by which mortgaged property enters into the possession of the mortgagee without right of redemption by the mortgagor, usually for reason of delinquency in mortgage payments.

prolong – lengthen in duration

vacancy - A position, office, or place of accommodation that is unfilled or unoccupied.

contribute TO sth.- bestow

failure-lack of success severe-harsh, strict be tied to sth-be

related, connected to sth.

unprecedented-having no precedent

aftershock-tremor assign-ascribe,

attribute undisclosed-

unrevealed, secret rein-rule, control state-say, claim urge-suggest