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Practice Listening: Highlight Incorrect Words
ID: #32804
July Prediction
Short
Loan Guarantee
* Click on the words that are different from what you hear
Result:
Correct Transcript:
Well there... there... there's a positive obligation on the bank to ensure that the people who are binding a loan guarantee, understand what they're doing. Loan guarantees are er kind of rare in that... in that someone is giving maturity or a guarantee and placing themselves at risk for someone else, and they receive nothing substantial in return. So you've got to ask yourself why is this person doing this, do they know what they're doing? They're hissing a lot, and not really getting anything back for it. So the imperative is that the bank must establish that these people know what they're doing, and that they fully understand the dedications of what they're doing, and they know that their assets may be sold if another person doesn't meet their responsibility.
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