Choose the synonyms for these phrases. Usually more than one answer is correct. The number of points indicates the number of correct answers.
You can practise the vocabulary from this exercise on QUIZLET https://quizlet.com/352500006/legalese-to-plain-english-loan-agreement-flash-cards/


1.  to execute (a contract)
to perform
to breach
to sign
to end
to draw up
(3 p.)



2.  the aforementioned (rate)
rate never mentioned before
rate mentioned below
rate mentioned above
rate mentioned earlier
rate mentioned once above
(2 p.)



3.  a default in payment
a failure in payment
payment to a wrong account holder
non-payment
payment in instalments
payment to a wrong account
(2 p.)



4.  an overdue payment
payment on time
a delayed payment
payment in arrears
payment in advance
outstanding payment
(2 p.)



5.  an exhibit (to a contract)
subject of contract
presentation of the contract to the parties
an attachment
an amendement
an annex
(2 p.)



6.  representations (in a contract)
signatories
parties
statements
witnesses
solicitors
(1 p.)



7.  warranties (in a contract)
warnings
guarantees
promises
words
bargains
(2 p.)



8.  a material (breach)
significant
serious
tangible
minor
in-kind
(2 p.)



9.  a schedule (to a contract)
subject of contract
presentation of the contract to the parties
an attachment
an amendement
an annex
(2 p.)



10.  (conditions) set out (in a contract)
negotiated
stipulated
set forth
breached
written
(3 p.)



11.  to deem
to treat as
to conceive
to consider
to value
to rate
(2 p.)



12.  forthwith
immediately
verbally
without delay
in writing
at the beginning
(2 p.)



13.  (this contract shall be) construed
interpreted
structured
understood
constructed
built
(2 p.)



14.  (payment due) hereunder
under this contract
in accordance with this contract
below in the contract
according to this contract
pursuant to this contract
(4 p.)



15.  (company) winding up
setting up
liquidation
dissolution
petition
resolution
(2 p.)



16.  (a company) resolution
decision (made in a company meeting)
dispute settlement
motion proposed in a company meeting
notice of a company meeting
quorum
(1 p.)



17.  from time to time
sometimes
when the need arises
frequently
when needed
often
(2 p.)



18.  encumbrance
obstacle
third party right to an asset
burden
charge
difficulty
(3 p.)



19.  security interest
a creditor's right to use collateral (przedmiot zabezpieczenia) to recover a debt. (zabezpieczenie wierzytelności)
premium earned when you invest in a bond
a legal right granted by a debtor to a creditor over the debtor's property (usually referred to as the collateral) which enables the creditor to have recourse to the property if the debtor defaults in making payment or otherwise performing the secured obligations
an investment, such as a bond, that pays interest at a rate that does not change
a type of bond that pays an agreed fixed rate of interest at regular times during the year
(2 p.)



20.  amalgamation of companies
mixture
transition
incorporation
merger
acquisition
(2 p.)



21.  receiver
payee
liquidator
insolvency practitioner
IP
recipient
(3 p.)



22.  administrator
head
liquidator
insolvency practitioner
IP
manager
(3 p.)