CFA 3

Question 1

Articulate
VERB
ADJECTIVE

Answer 1

بطور شفاف بیان کردن
شمرده سخن گفتن، ماهر در صحبت، بندبند
کد:اره تیکه تیکمون کردی کجا شفاف صحبت کردی کجا شمرده صحبت کردی؟

1. [transitive] formal to express your ideas or feelings in words
2. [intransitive and transitive] to pronounce what you are saying in a clear and careful way:
   He was so drunk that he could barely articulate his words.
3. [intransitive and transitive] technical if something such as a bone in your body is articulated to another thing, it is joined to it in a way that allows movement
   مفصل بندی
4. articulate something with something formal if one idea, system etc articulates with another idea, system etc, the two things are related and exist together:
   a new course that is designed to articulate with the current degree course
5. able to talk easily and effectively about things, especially difficult subjects Antonym : inarticulate:. writing or speech that is articulate is very clear and easy to understand even if the subject is difficult

Question 2

pay interest and repay the principal lent
principal
lent

Answer 2

پرداخت بهره و اصل وام

کد: او ربطش بده به پرنس یک کشور که در واقع اصل کاری یک کشور خواهد بود

adjective [only before noun]
noun

most important Synonym : main:
His principal reason for making the journey was to visit his family.

1. SCHOOL [countable] American English someone who is in charge of a school Synonym : headteacher British English:
   a small school with just three teachers and the principal
2. UNIVERSITY/COLLEGE [countable] British English someone who is in charge of a university or college
3. BUSINESS [countable] American English the main person in a business or organization, who can make important business decisions and is legally responsible for them:
   The principal of the business has an office in New York
4. PERFORMER [countable] the main performer in a play or in a group of musicians, dancers etc:
   She later became a principal with the Royal Ballet.
5. MONEY [singular] technical the original amount of money that is lent to someone, not including any of the interest

lent
Irregular Forms: ⇒ {lend}

Question 3

pursue. pursued
persuade

Answer 3

کد: پر سو همین راهو ادامه بده

1. to continue doing an activity or trying to achieve something over a long period of time ⇒

pursue a goal/aim/objective etc
companies that pursue the traditional goal of profits

2. pursue the matter/argument/question etc to continue trying to find out about or persuade someone about a particular subject:
   Janet did not dare pursue the matter further.
3. to chase or follow someone or something, in order to catch them, attack them etc ⇒ pursuit:
   Briggs ran across the field with one officer pursuing him.
4. to keep trying to persuade someone to have a relationship with you:
   I was pleased, but somewhat embarrassed, when she pursued me

Question 4

Accompany
accompanying
curator

Answer 4

کد:یارو انقدر گردن کلفته یه کمپانی همراهیش میکنن یه کمپانی ضمیمه قدرتش میشه

accompanying (unaudited) commentary by
management

کد: ا یه چیز کم بود؟ باشه ضمیمه شد به فایل ها برات فرستادم
ə’kʌmpənııŋ

provided with something else
● The curator of the exhibition also wrote the accompanying catalogue.

kjʊˈreɪtə $ -ər
a person whose job is to be in charge of the objects or works of art in a museum or an art gallery, etc

Curator is used after these nouns:
art
exhibit
gallery
Want to learn more?

Find out which words work together and produce more natural sounding English with the Collocations: app.

کد:کیوریتور کیو میگی؟ اون فلان رو میگم

Question 4

I was pleased, but somewhat embarrassed, when she pursued me
somewhat
embarrassed
pursued
persuade

example word: revelation

Answer 4

کد: سام چی ؟ مقداری نامعلوم / تا اندازه ای
more than a little but not very

کد: این ببده یا خرسه است که همیشه منو شرمنده میکنه
1. to make someone feel ashamed, nervous, or uncomfortable, especially in front of other people:
He didn’t want to embarrass her by asking questions.

2. to do something that causes problems for a government, political organization, or politician, and makes them look bad:
   The revelations in the press have embarrassed the government.

revelation
1. [countable] a surprising fact about someone or something that was previously secret and is now made known
revelation about/concerning
He resigned after revelations about his affair.

2. [uncountable] the act of suddenly making known a surprising fact that had previously been secret
   revelation of
   the revelation of previously unknown facts
3. [countable] informal something that is surprisingly good, enjoyable, or useful
   revelation to
   Alice Walker’s novel was a real revelation to me.
4. [uncountable and countable] an event, experience etc that is considered to be a message from God
   —revelatory /ˌrevəˈleɪtəri $ ˈrevələtɔːri/ adjective:
   His playing has many moments of revelatory insights.

Question 5

facilitate
facility

Answer 5

Verb
کد: فسش بخوابه کارمون تسهیل میشه میتونیم از بین ببریمش

to make it easier for a process or activity to happen:
Computers can be used to facilitate language learning

Noun

1. facilities [plural] rooms, equipment, or services that are provided for a particular purpose:
   All rooms have private facilities (=private bathroom and toilet).
   The hotel has its own pool and leisure facilities.
   toilet facilities
   childcare facilities
2. [countable usually singular] a special part of a piece of equipment or a system which makes it possible to do something:
   Is there a call-back facility on this phone?
   a bank account with an overdraft facility
3. [countable] a place or building used for a particular activity or industry, or for providing a particular type of service:
   a top-secret research facility
   the finest indoor sports facility in the US
4. [singular] a natural ability to do something easily and well Synonym : talent
   facility for
   She has an amazing facility for languages.
5. the facilities American English spoken the toilet, used to be polite:
   Excuse me, I have to use the facilities.

Question 5

implication

Answer 5

1. [countable usually plural] a possible future effect or result of an action, event, decision etc
   implication of
   What are the implications of these proposals?

کد:این پیله کلشو میکنه تو درخت و پیامدش میشه خشک شدن درخت

Question 6

Credit analysts

Answer 6

Credit analysts are professionals who evaluate the creditworthiness of individuals, businesses, or organizations that apply for loans or credit. They work for financial institutions such as banks, credit unions, or investment firms, as well as in other industries like insurance companies or corporate finance departments

Question 6

meticulously
fastidiously / fæˈstɪdiəs
thoroughly

Answer 6

کد: میتی کولیس ورداشته به دقت داره اندازه گیری میکنه

in a way that pays careful attention to every detail Synonym : fastidiously, thoroughly (2)
● a meticulously planned schedule

Question 7

mortgage

ˈmɔːɡɪdʒ $ ˈmɔːr

Answer 7

وام خرید مسکن
noun
1. a legal arrangement by which you borrow money from a bank or similar organization in order to buy a house, and pay back the money over a period of years:
Your building society or bank will help arrange a mortgage.

2. the amount of money you borrow in the form of a mortgage:
   If you earn £20,000 per year, then you may be able to get a mortgage of £60,000.

verb
1. if you mortgage your home, land, or property, you borrow money, usually from a bank, and if you cannot pay back the money within a particular period of time, the bank has the right to sell your property in order to get the money you owe it:
We mortgaged our house to start Paul’s business

2. mortgage the/sb’s future to borrow money or do something that is likely to cause problems in the future, that other people will have to deal with:
   The report explains how governments are mortgaging their nations’ futures.

Question 8

building society

Answer 8

A building society is a financial institution that provides banking and other financial services to its members. Unlike traditional banks, which are typically shareholder-owned, building societies are owned by their members, who are also customers. Here are some key features of building societies

Question 9

mutual

Answer 9

کد: یه ماج این ور یه ماچ اون ور وقتی دو نفر به طور متقابل دارم همو بوس میکنن

متقابل، دو جانبه
تعاونی،

Question 10

inquiry
ɪŋkwəri

Answer 10

کد: این کو کجا رفت میخواستیم ازش پرس و جو کنیم

1. [countable] a question you ask in order to get information
   inquiry about
   We’re getting a lot of inquiries about our new London–Rio service.
   inquiry from
   inquiries from potential applicants
2. [uncountable] the act or process of asking questions in order to get information:
   On further inquiry, it emerged that Malcolm had not been involved in the incident.
3. [countable] an official process to find out about something
   inquiry into
   a judicial inquiry into the deaths

Question 11

outstanding debts

Answer 11

بدهی های معوق

کد:بدهی ای که پون پرداخت نشده از استند خارج شده

Question 11

mitigating
alleviate
mitigating credit risks

Answer 11

to make a situation or the effects of something less unpleasant, harmful, or serious Synonym : alleviate:

کد: میتی گیت هارو برداشت و این باعث شد کار ما سریع تر پیش بره تسکین بشه و غیره

سبک کردن، تخفیف دادن، تسکین دادن

alleviate
کد:ا لیو کن مارو بزار تو حال خودمون باشیم کم تر بکن این درد مارو

تسکین دادن
سبک کردن، آرام کردن، کم کردن

Question 12

debt investment
equity investment

Answer 12

debt investment
Debt investment is a type of investment where you lend money to an entity (like a company or government) in exchange for regular interest payments and the return of the principal amount at a later date. This is different from equity investment, where you buy shares of a company and become a part-owner.

Bonds: These are issued by governments or corporations and pay interest over a fixed period.

Tax liens: These are claims against property for unpaid taxes.

Real estate contracts: These involve lending money for real estate purchases.

Car loan notes: These are loans for purchasing vehicles.

Owner-financed mortgages: These are loans provided by property sellers to buyers.

Student loans: These are loans for education expenses

Question 13

Owner-financed mortgages

Answer 13

These are loans provided by property sellers to buyers.

Question 14

articulate

Answer 14

کد: اره به صورت تیک به تیک صجبت کینه این بند بند صحبت کردن باعت شفاف بودن صحبتش میشه

adjective
1. able to talk easily and effectively about things, especially difficult subjects Antonym : inarticulate:
bright, articulate 17-year-olds
a highly articulate speaker

2. writing or speech that is articulate is very clear and easy to understand even if the subject is difficult
   —articulately adverb

verb
1. [transitive] formal to express your ideas or feelings in words:
Many people are unable to articulate the unhappiness they feel.

2. [intransitive and transitive] to pronounce what you are saying in a clear and careful way:
   He was so drunk that he could barely articulate his words.
3. [intransitive and transitive] technical if something such as a bone in your body is articulated to another thing, it is joined to it in a way that allows movement
4. articulate something with something formal if one idea, system etc articulates with another idea, system etc, the two things are related and exist together:
   a new course that is designed to articulate with the current degree course

Question 15

generic

Answer 15

عمومی
جامع،

Question 16

maturity

Answer 16

in exchange for regular interest payments and the return of the principal amount at maturity

1. the quality of behaving in a sensible way like an adult Antonym : immaturity:
   Beth shows a maturity way beyond her 16 years.
   One day you’ll have the maturity to understand.
2. the time or state when someone or something is fully grown or developed
   at maturity
   The tree will reach only 5 feet at maturity.
   reach/come to/grow to maturity
   These insects reach full maturity after a few weeks.
   the era when the Republic came to political maturity
   sexual/emotional/physical maturity
   He lacks the emotional maturity to appreciate poetry.
3. the time when a financial arrangement such as a bond or an insurance policy becomes ready to be paid

کد:هنگام سر رسید عید نوروز ماچو بده بیاد
کل سال رو فرض کن دوره رشد سال و عید نوروز زمان سر رسید و بلوغ

Question 16

Gilts (U.K.)

Treasury bonds (U.S.), Gilts (U.K.), and Japanese Government Bonds (JGBs).

Answer 16

UK SPECIALIZED
a type of investment offered by the government which pays a fixed rate of interest and is considered low-risk

Question 17

municipal

Answer 17

کد:مینا سه پل اسم شهرداری یه شهریه

connected with or belonging to a town, city or district that has its own local government
● municipal elections/councils

شهری
وابسته به شهرداری، علوم مهندسی: مربوط به شهرداری، قانون فقه: داخلی، مربوط به شهرداری

Municipal Bonds: Issued by local governments or municipalities to fund public projects like schools and infrastructure.

Question 17

facilities

Answer 17

production facilities
تاسیسات تولید

امکانات
وسایل، تاسیسات، تسهیلات، کامپیوتر: امکانات، عمران: وسایل، بازرگانی: تسهیلات، علوم نظامی: ساختمانها

Question 18

applicable

Answer 18

if something is applicable to a particular person, group, or situation, it affects them or is related to them ⇒ apply
applicable to
The offer is only applicable to bookings for double rooms.
where/if/as applicable
Ms/Miss/Mrs/Mr Please delete as applicable.

مهندسی صنایع: قابل اجرا، اجرا شدنی، عملیکامپیوتر: قابل اجرا

کاربردی
قابل اجراء، قابل اطلاق، اجرا شدنی، کاربست پذیر، روانشناسی: کاربرد پذیر

Question 18

Adjusted financial statements.

Answer 18

صورتهای مالی تعدیل شده

Question 19

incorporate

Answer 19

to include something as part of a group, system, plan etc incorporate something into/in something We’ve incorporated many environmentally friendly features into the design of the building. Our original proposals were not incorporated in the new legislation. —incorporation /ɪnˌkɔːpəˈreɪʃən $ -ɔːr-/ noun [uncountable]: the incorporation of the college into the university ex: incorporating information

Question 20

omission

Answer 20

1. [uncountable] when you do not include or do not do something omission of The omission of her name was not a deliberate act. 2. [countable] something that has been omitted: Copies of the lists were posted so that omissions could be corrected

Question 21

particularly

Question 21

substantial

Question 22

advisable

Question 22

procedures

Question 23

intended

Answer 23

intended audience مخاطب مورد نظر

Question 24

conclusions

Question 25

constraint

Question 26

adequate

Question 27

prospect

Question 27

requisite

Question 27

Sensitivity analysis

Answer 27

Sensitivity analysis is a financial or statistical technique used to assess how changes in input variables impact the outcome of a model or decision. It helps determine which variables have the most influence on results, making it a valuable tool for risk assessment and decision-making.

Question 28

Investment returns

Answer 28

Investment returns refer to the profit or loss you earn on an investment over a specific period. They are typically expressed as a percentage of the original investment amount. Returns are a key metric for evaluating the performance of an investment and can come in different forms, depending on the type of asset. Common Types of Investment Returns: 1.Capital Gains: The increase in the value of an asset (like stocks or real estate) from the purchase price to the selling price. 2.Dividends: Payments made by companies to shareholders, usually derived from profits. 3.Interest: Income earned from fixed-income investments like bonds, savings accounts, or certificates of deposit (CDs). 4.Rental Income: Earnings from leasing out properties or assets.

Question 29

regardless

Question 30

facilitate

Question 31

Common-size statements

Answer 31

Common-size statements are a type of financial statement that express each line item as a percentage of a base amount. This format is particularly useful for analyzing and comparing financial performance, both over time and across companies, regardless of their size

Question 32

underlying

Question 32

seldom

Question 33

Free Cash Flow (FCF)

Answer 33

Free Cash Flow (FCF) represents the cash a company generates after accounting for its capital expenditures, such as equipment, property, or other investments. It shows how much cash is available to the company for activities like paying dividends, repurchasing shares, reducing debt, or reinvesting in the business.

Question 33

Interest coverage

Answer 33

Interest coverage is a financial ratio that measures a company's ability to pay its interest expenses on outstanding debt using its earnings. It reflects the level of risk creditors face and provides insights into a company's financial health.

Question 34

outstanding debt

Answer 34

بدهی معوق

Question 35

perform

Question 36

inclusion

Question 37

whether to extend a loan to the company and if so, what terms to offer.

Question 38

debt rating

Answer 38

Debt rating is an evaluation of the creditworthiness of a borrower, such as a corporation, government, or financial institution. It reflects the borrower's ability to repay its debt obligations and the likelihood of default. Debt ratings are typically assigned by credit rating agencies like Moody's, Standard & Poor's (S&P), and Fitch Ratings.

Question 39

Underwriting

Question 40

venture capital

Question 40

acquisition

Question 41

effect affect

Question 41

receipt

Question 42

cash flows cash receipts cash disbursements positive cash flows (cash receipts in excess of cash disbursements).

Question 42

nimble

Question 43

decisive

Question 44

thoughtful

Question 45

prudent

Question 46

prioritizing

Question 47

execute

Question 48

Generally Accepted Accounting Principles (GAAP)

Question 49

excluding

Question 49

Total net loss excluding share-based compensation and impairment of goodwill share-based compensation(also known as stock-based compensation or equity compensation) Compensation impairment of goodwill

Answer 49

Share-based compensation (also known as stock-based compensation or equity compensation) is a form of payment given to employees, executives, or other stakeholders in the form of equity in the company. It's often used as an incentive to align the interests of employees with those of shareholders and to reward performance. Types of Share-Based Compensation: 1.Stock Options: Employees are granted the right to buy company stock at a predetermined price (exercise price) within a certain time frame. Gains depend on the increase in the stock's value above the exercise price. 2.Restricted Stock Units (RSUs): Employees are granted shares of company stock, but they vest only after certain conditions (like time or performance milestones) are met. 3.Employee Stock Purchase Plans (ESPPs): Employees can purchase company stock at a discounted price, usually through payroll deductions. 4.Performance Shares: Stock is awarded based on achieving specific performance goals over a set period. ------------------------------------------------------------------- Accounting and Reporting: Share-based compensation is recorded as an expense on the income statement, reflecting its cost to the company. The fair value of the awards is determined at the grant date, often using models like Black-Scholes for options. Over the vesting period, the expense is recognized incrementally.

Question 50

Restricted