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Practice Listening: Highlight Incorrect Words
ID: #32804
Short
Loan Guarantee
Instructions
You will hear a recording. Below is a transcription of the recording. Some words in the transcription differ from what the speaker said. Please click on the words that are different.
* 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 signing a loan guarantee, know what they're doing. Loan guarantees are er kind of unique in that... in that someone is giving security or a guarantee and placing themselves at risk for someone else, and they receive nothing material in return. So you've got to ask yourself why is this person doing this, do they know what they're doing? They're risking a lot, and not really getting anything back for it. So the imperative is that the bank must ensure that these people know what they're doing, and that they fully understand the implications of what they're doing, and they know that their properties may be sold if another person doesn't meet their responsibility.
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