Hi, In the recent past I have been posting certain information certain words based on its
etymological origin. I do not know
whether you liked it or not. I welcome
your comments and criticism which are very valuable. Please share your views.
I am going to place before you
yet another interesting observation, as we all are connected to financial
markets it will certainly impress you.
Today the words we use in English
for terms in Financial System are having lot of nexus with water. The
reason that financial terms are connected to water is to be opted out. One reason for the words to have similarity
with water can be understood when we look at nature of business / transactions
in the olden days. Yes, in the old time for trades taking place overseas (‘over
seas’ in this context should be understood as over water). {However, before the
overseas trades took place the transaction in the neighborhood must have taken place;
a small quantity perhaps}.
Most of the terms associated with water are used in our
financial system (mostly related to monetary system), for instance.
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Rivers have Banks - We draw money from Banks
We can draw money
and we can also draw water from a well.
Water has water current - We have a current account
with bank and maintain our bank balances in various foreign currencies
Water has the power
to dissolve many matter in it and therefore it is a good solvent. - If
you have more money than you owe others you are called solvent else you
are called bankrupt and file a paper for insolvency.
We have deposits
of minerals around the bank of the river. Water is found in liquid state.
Water creates drifts. We deposit money in our banks. After depositing
money in fixed deposits, you keep some money in your savings account for liquidity
and sometimes where there is a liquidity crisis, we have over draft
facility
Water flows down - We have a statement given to us
by the bank which details the fund flows
We have black sea
(which is a poisonous sea not good for people) - We have black money, as
poisonous as black sea for financial system
We have dead sea - We
have dead currency notes
We have soft
water - Money contributed to
political candidate or a party that is subject to federal regulation is called soft
money
We have hard
water - We say hard earned money.
Ship floats
on water -We have floating interest
rates
Water evaporates
- We say that “his wealth was evaporated” in no time, so wealth evaporates.
Water freezes - Bank accounts can be frozen.
Flood - Flooded
with cash.
Common Proverb : Drops
of water makes an ocean and in finance we say :
Many a little makes mickle (meaning is same)
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