|Gold, silver, copper, brass, nickel, paper, virtual, funny, Monopoly and pocket|
I have been browsing the literature offered by banks to existing and prospective customers. I am glad to say that the* information is presented in a very clear and friendly manner, with none of the condescending or superior* overtones that such material might have had many years ago. Nevertheless, there are many terms that are not part of everyday ordinary speech and, to add to the shorthand writer’s* difficulties (or should I say challenges) they often appear in long strings or compound words, thus increasing the density of the text, from a shorthand point of view*. If you work in that industry, then you would no doubt wish to create your own brief* phrases, probably omitting a syllable or two, or using intersections. Whether or not* that is the case, you need to know the full outlines as they may occur in a different combination or order.
Throughout: "account" "amount" Keep the M well curved, so that these two are as different as possible.
* Omission phrase "I am glad (to) s(ay) that the"
* Dictionary outline, use the dash vowel if you prefer the "soo-" pronunciation
* Omission phrases "short(hand) writer's" "point (of) view" "whether (or) not"
* "brief" Always insert the vowel, so it is not misread as "number of "
I am certain that a bank’s perfect customer is one who takes full advantage of the services of their financial planning manager. This course of action will be of benefit if you have sole or joint savings over a certain threshold*. They will talk to you about your present financial needs and your plans and expectations for the future. They will recommend the next step you should take and ways of protecting your family, income and ability to handle your liabilities. They will give advice on building a portfolio of investments and also discuss with you the options available when buying a property, planning for your children’s education, taking out trust and protection plans, putting some of your income aside, obtaining insurance or critical illness cover, retirement plans and inheritance tax matters.
* "threshold" Original correct pronunciation has no H sound = thresh+old, but often spoken with one, due to the influence of the spelling.
You can make an appointment to meet them in branch or in the comfort of your own home and they will guide you every step of the way. Their recommendations of products are likely to be restricted to the companies with which they have chosen to work. They will explain* the basics and tailor the plans to suit your circumstances. Every investment leaflet you read will no doubt emphasise the disclaimer that “The value of investments can go down as well as up and you may not get back the money originally invested.” Financial protection minimises the impact of accidents, illness, bereavements and other unexpected events, such as legal or medical costs, or funeral expenses.
* "explains" In this position the L hook on the stroke P is necessarily more angular, if you tried to make it rounded it would be barely noticeable
If you do not feel the need for personalised financial advice, you may prefer to take advantage of the range of online services to help with your planning and decisions. You can take out a protection product to make sure your loved ones can cope financially if something unexpected happens to you. If you decide that this is the right way for you to proceed, then online services are quick and secure to use. You have worked hard for your money and the products offered can help your money to work hard for you. Your bank will recommend the services of carefully* selected investment and insurance companies, to make your financial goals a reality.
* "carefully" Normally the optional contraction "care-f" is enough, but here it helps to be able to put the dot after the L. See also "potentially" in para 7
Preparation done well in advance will save time later on when considering the options open to you. You could* make a budget planner list of your income and outgoings*, and get the exact details from the paperwork for insurance policies, life assurance and endowment policies, pensions, savings and investments, loans, credit cards, overdrafts and mortgage. You can then work out your priorities and goals for securing your future, the possible risks and the charges for services that you buy from the bank. If you have vision or hearing difficulties, the bank will supply leaflets in Braille, large print or audio format*, and you might need to contact them by “Textphone” or “TypeTalk”. You should be aware that calls to the bank will be recorded for security or training purposes.
* "you could" Write separately, as phrasing these would be too much like "you can"
* "outgoings" Does not use the short form
* "format" Always insert the vowel of the second syllable, compare "form" which has a similar meaning
|Valuable, gleaming, precious, useful skill|
A savings review can help you make the most of the money you wish to set aside and find the account or product that best meets your need. Banks like to reward* existing customers with exclusive savings accounts and higher interest and bonuses, as the amount invested increases. Some services can be opened and used immediately, such as deposit accounts, personal loans, credit cards and insurance schemes. Other accounts, such as investment accounts that carry higher interest or special rates and privileges, often require you to meet their eligibility* criteria, such as having been a customer for at least a year, or holding a current account with monthly deposits of a certain amount*. In the UK we have the ISA which stands for Individual Savings Account. The interest is paid tax free and there is an annual deposit allowance which cannot be exceeded. This was quite popular in its early years when interest rates were much higher.
* "reward" One of the few words that omits showing the R sound, likewise others ending in "-ward" and also "reword"
* "eligibility" Helpful to insert the first vowel to make reading back easier, even though "legibility" would not make sense here.
* Omission phrase "certain (am)ount" This word is shortened only in this fairly common phrase, so not recommended in other situations
Instant access savings provide the flexibility of easy withdrawal, but as might be expected the interest paid is minimal. Limited access savings accounts encourage longer* term saving, and if you do not mind limiting the number of your withdrawals each year, there is the potential for higher yields. Some investments must be locked away for as much as 6 years to gain the maximum amount of interest, but they should be carefully investigated to assess the possible risk factor involved, both in safety of the money invested and in your likely circumstances after all those years. With a Fixed Rate Bond you save for a fixed period to obtain a potentially* higher return, as long as you are happy to make no further deposits or withdrawals during its term. Charges may apply on closure of such an account before the end of its term. Junior* savings accounts can be opened by children and young people. Some they can manage themselves from age 7, others are managed by their parents or guardians, which they can access when they are of age, which in the UK is 18 years.
* "longer term" Keep the Inger really long and not phrased with "term", and always phrase "long term", in order to keep these two looking as different as possible
* "potentially" Needs the final dot, as "potential" also makes sense here. See also "carefully" in para 4
"junior" Note the placement of the intervening diphone, if you choose to insert it
A current account is for regular money transactions, such as paying in wages or cash, transferring balances between your different accounts, purchasing on your credit or contactless card, and payments to others by standing order* or direct debits for regular items such as mortgage, household bills, repayments on loans and normal day-to-day purchases. Some banks offer a reasonable rate of interest if a regular specified* amount is paid in each month. Accounts can be operated in branch, online, by telephone or using the appropriate app on your mobile device, with text alerts when the balance is low. Cheques are still used but not to the extent they once were. Overdraft amounts can be arranged, which may be subject to a usage fee. A basic account, without cheque book or overdraft facilities, may be available for those with a low income, such as younger people not yet in employment.
* Omission phrase "stand(ing) order"
* "specified" Insert the diphthong, so it does not look like "specific" when written hastily, which has a similar meaning
A personal loan may be taken out to fund a large purchase such as home buying or improvements, education, a wedding or a new car. During the application process, all your individual circumstances will be taken into account and you will be advised on the borrowing options for which you might be eligible. The bank may require that you have a current account with them, make regular monthly deposits and have a good credit rating from your past transactions, either with them or another lender. You will probably need to be a resident citizen of the country and be over a certain age. Some banks offer an online calculator so you can get a better idea before you start the application process, which may incur an arrangement fee. The interest rate you pay will vary according to the* time period of the loan (short term, medium term or long term), the amount borrowed and possibly other criteria as well. Early settlement may incur an extra charge, such as an additional 30 days’ interest payable by you to the bank.
* Omission phrase "according (to) the". Strictly speaking the "ing" part is omitted because that word is a short form, not because of the omission phrase.
|I want the chocolate one|
A mortgage is a legal agreement whereby a loan, generally for purchasing property, uses the borrower’s title to the property as security for the unpaid balance of the loan. It literally means “death pledge” as the agreement does not “die” until it is entirely paid up. A mortgage valuation* is a type of property assessment to ascertain the true value of the house, carried out* by a valuation surveyor, in order to calculate the amount of mortgage that can be taken against it. If the house value goes down, it would not cover repayment and this is called negative equity. You may have seen a jolly advert* for house-buying loans that end with the rapidly and more quietly muttered words “Your house may be at risk or repossessed if you do not keep up repayments on your mortgage”, a warning not to take on this type of transaction or commitment lightly or beyond your means. The bank itself may advise you to consider* all borrowing options carefully and seek independent advice. You will be required to insure the property against damage and loss, as it is the means of repaying the loan should you get into financial difficulties.
* "valuation" is a short form
* "carrie-dout" using halving for the "out"
* "advert" Insert the first vowel, as it is similar in shape and same meaning as the contraction "advertisement"
* Omission phrase "to (con)sider"
* "insure" means to take out a policy. "Ensure" means to make certain that you do something.
If you are a victim of online banking fraud, depending on the laws in your country, the bank may be required by law to refund the money back into your account immediately. Any such fraud that you notice or suspect should be reported to the bank immediately, who will cancel your card and issue another. It is then their responsibility to investigate the matter, pursue the criminal and the funds stolen, and if necessary improve their own security measures, in order to protect their customers’ accounts. Even a small or insignificant amount lost to online theft should be reported, as details of that transaction may provide certain identifying information that enables the fraud investigators to track down the criminal, which may lead to uncovering their other crimes as well. Your own part in staying secure is never to share internet passwords, always log out of accounts when finished , avoid internet cafes or libraries for financial matters, and always report to your bank any phishing* emails asking you to give or verify your personal and banking details.
* "phishing" Insert the wavy underneath to flag up this word as not being "fishing" if you felt you needed a reminder to use the PH spelling.
Finally, a very important part of any banking leaflet can be found at the end of the last page, just next to the part telling you that it is printed on paper from responsibly managed and sustainable sources, using biodegradable vegetable inks. It says, “When you have finished with this leaflet please recycle* it,” just like you do with your old filled-up shorthand practice pads, after you have extracted all the notes in the margins and transferred them to your more permanent notebook of outlines that need extra attention and drilling. One last thing you can do with the bank leaflets is to write shorthand over all the words in biro (because of the smooth paper) using the margins or spare spaces if necessary. You will then pick up on any extra terms not found in this article, to add to your vocabulary.
* Omission phrase "very important part (of)" The "of" is omitted so that "part" when written like this does not look like "number of". "Part of" when used alone does use the F/V hook, because it is using the whole outline for "part".
* "recycle" L Hook has to be more angular, see note para 3
Your investment of time, brainpower, and ink and paper in your shorthand studies, or indeed any self-improvement educational venture, cannot be affected by the vagaries of the financial markets, fluctuating interest rates, Wall Street crashes, credit crunches or online fraud or scams*, and there is no upfront application fee to pay beforehand*. Your (shorthand) increase will be beyond the reach of the taxman, your valuable reserve of knowledge and outlines will not be subject to capital gains tax or inheritance tax, and you can give your skills to others without incurring any decrease in your own supply. When your financial planning manager asks you what rate you would be happy with, you can confidently say “At the moment, 120 words per minute would be rather nice, thank you very much.” (1956 words)
* "scams" Write clearly above line, and inserting the dot helps, compare "schemes" which has a similar meaning
* Omission phrase "before(ha)nd
|Some gold is best kept at home in a mug|