For the final lesson in our two-part business English vocabulary series on financial English vocabulary related to bankruptcy, we’re going to look at General Motor’s impending Chapter 11 filing. A bankruptcy filing by GM would rank as the third-largest bankruptcy in U.S. history.

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Today, we’re beginning a two-part Video Vocab series on Business English vocabulary related to bankruptcy. This lesson will focus on financial English vocabulary related to the two most common types of bankruptcy in U.S. law: Chapter 11 and Chapter 7.

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The news today is full of stories about the financial crisis and recession. The complex problems behind this crisis have given rise to a whole new vocabulary. So, today we’re going to explore the language you’ve been hearing every day in the news.

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In this episode of Video Vocab, we continue our look at financial English vocabulary related to the key components of GAAP or Generally Accepted Accounting Principles. GAAP is a set of rules followed by accountants in preparing companies’ financial statements.

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In this episode of Video Vocab we take a look at financial English and accounting vocabulary related to the key components of GAAP or Generally Accepted Accounting Principles. GAAP is a set of rules followed by accountants in preparing companies’ financial statements.

First we’ll hear a short article introducing the vocabulary. Then we’ll go over each word in detail, with some example sentences to show how you can use the words. At the end of the video you’ll have a chance to review and practice your new vocabulary.

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