|
中文词句 |
English Terms |
English Definitions |
| CEDEL |
CEDEL |
A zero-coupon bond issued by a
corporation, it can be converted into that corporation's
common stock at a certain price. |
| 财产转让 |
Disposition |
Getting rid of an asset or security
through a direct sale or some other method. |
| 财产 |
Property |
A legally owned possession or real
estate. |
| 财产税 |
Property Tax |
A tax assessed on real estate by the
local government. The tax is usually based on the value
of property (including the land) you own. |
| 财富500 |
Fortune 500 |
An annual list of the 500 largest
companies in the United States. The list is compiled
using the most recent figures for revenue. |
| 财富效应 |
The Wealth Effect |
The "wealth effect" refers to the
propensity of people to spend more if they have more
assets. The premise is that when the value of equities
rises, so does our wealth and disposable income.
Therefore, we feel more comfortable about spending.
|
| 财富增值指数 |
Wealth Added Index (WAI) |
Designed by the Steward Stern & Co.
consulting firm, this index measures wealth intuitively
as returns exceeding shareholder's cost of capital.
|
| 财富效应 |
Wealth Effect |
The "wealth effect" refers to the
propensity of people to spend more if they have more
assets. The premise is that when the value of equities
rises, so does our wealth and disposable income.
Therefore, we feel more comfortable about spending.
|
| 财富管理 |
Wealth Management |
A professional service which is the
combination of financial/investment advice,
accounting/tax services, and legal/estate planning for
one fee. |
| 财务 |
Finance |
The science that describes the management
of money, banking, credit, investments, and assets.
|
| 财务会计 |
Financial Accounting |
Reporting of the financial position and
performance of a firm through financial statements
issued to external users on a periodic basis. |
| 财务会计标准委员会 |
Financial Accounting Standards Board -
(FASB) |
Designated as the organization for
establishing standards of financial accounting and
reporting. FASB standards govern the preparation of
financial reports and are recognized by the SEC. |
| 财务表现 |
Financial Performance |
A company's ability to generate new
resources, from day-to-day operations, over a given
period of time. |
| 财务规划 |
Financial Planner |
An investment professional who assists
individuals put together a financial plan and coordinate
various financial activities. |
| 财务代理 |
Fiscal Agent |
An organization, such as a bank or trust
company, that takes responsibility for the fiscal duties
of an unrelated party. |
| 财务年度 |
Fiscal Year |
Any 12-month period that a company uses
for accounting purposes. |
| 财政政策 |
Fiscal Policy |
Government spending policies that
influence macroeconomic conditions. These policies
affect tax rates, interest rates, and government
spending, in an effort to control the economy. |
| CAMELS评级制度 |
CAMELS Rating System |
An international bank-rating system with
which bank supervisory authorities rate institutions
according to six factors. The six areas examined are
represented by the acronym "CAMELS." |
| 参考比率 |
Reference Rate |
The underlying index or rate upon which a
floating-rate security is based. |
| 残值 |
Salvage Value |
The estimated value that an asset will
realize upon its sale at the end of its useful life.
|
| 长城 |
Chinese Wall |
A slang term for the division within a
brokerage firm that prevents insider information from
being handed out by corporate advisers to investment
traders. |
| 长期债款、融资债务 |
Funded Debt |
A long term debt that matures after more
than one year. |
| 长期债券 |
Long Bond |
A bond that matures in more than 10
years. When people refer to "the long bond," this
typically is the 30-year U.S. treasury. |
| 长期资产 |
Long Term Assets |
- Reported on the balance sheet, it's the value of a
company's property, equipment, and other capital
assets, less depreciation.
- A stock, bond, or other asset that you plan on
holding in your portfolio for a lengthy period of
time.
|
| 长期债务/总资本比率 |
Long Term Debt/Capitalization |
A ratio indicating the financial leverage
of a firm. It is calculated by taking a company's long
term debt and dividing by the capital available (the sum
of long term debt, preferred stock, and stockholders'
equity). |
| 长期债务 |
Long Term Debt |
A ratio indicating the financial leverage
of a firm. It is calculated by taking a company's long
term debt and dividing by the capital available (the sum
of long term debt, preferred stock, and stockholders'
equity). |
| 长期负债 |
Long Term Liabilities |
Recorded on the balance sheet, a
company's liabilities for leases, bond repayments, and
other items due in more than one year. |
| 偿付比率 |
Solvency Ratio |
One of many ratios used to gauge a
company's ability to meet long-term obligations. |
| 偿付能力、资力 |
Solvency |
The ability of a corporation to meet both
its long-term fixed expenses and to have adequate money
for long-term expansion and growth. |
| 偿还债务 |
Repayment |
- The payment of a debt obligation prior to its due
date.
- The excess payment over a scheduled debt repayment
amount.
|
| 偿债基金 |
Sinking Fund |
A means of repaying funds advanced
through a bond issue. The issuer makes periodic payments
to a trustee, who retires part of the issue by
purchasing the bonds in the open market. |
| 场外交易 |
Curb Trading |
Trading that occurs outside of general
market regulations, commonly through computers or
telephones after the official exchanges have closed.
|
| 场外交易证券 |
OTC |
A security which is not traded on an
exchange, usually due to an inability to meet listing
requirements. For such securities, brokers/dealers
negotiate directly with one another over computer
networks and by phone. The NASD carefully monitors their
activities. |
| 场外交易证券 |
Over-The-Counter (OTC) |
A security which is not traded on an
exchange, usually due to an inability to meet listing
requirements. For such securities, brokers/dealers
negotiate directly with one another over computer
networks and by phone. The NASD carefully monitors their
activities. |
| 超额认股权 |
Greenshoe Option |
An option that allows the underwriting of
an IPO to sell additional shares to the public if the
demand is high. |
| 超额配股权 |
Overallotment |
Selling more securities than are
available in an IPO. |
| 超额认购 |
Oversubscribed |
When the demand for a new issue of
securities (IPO) exceeds the number of shares issued.
|
| 超高市值股票 |
Mega Cap |
Companies having a market capitalization
greater than $200 billion. |
| 超卖 |
Oversold |
A technical analysis term for a market in
which the volume of selling that has occurred is greater
than the fundamentals justify. |
| 成本基础 |
Cost Basis |
The purchase price after commissions or
other expenses. Cost basis is used to calculate capital
gains or losses when the security is eventually sold.
|
| 成本协同效益 |
Cost Synergy |
In the context of mergers, cost synergy
is the savings in operating costs expected after two
companies, who compliment each other's strengths, join.
|
| 承销价差 |
Underwriting Spread |
The spread between the amount received by
underwriters from the public offering price and the
amount underwriters pay to the issuing company for the
securities |
| 承销团 |
Syndicate |
A group of bankers, insurers, etcetera,
who work together on a large project. |
| 承销团 |
Underwriting |
- The process by which investment bankers raise
investment capital from investors on behalf of
corporations and governments that are issuing
securities (both equity and debt).
- The process of issuing insurance policies
|
| 乘数效应 |
Multiplier Effect |
The expansion of a country's money supply
that results from the collective of member banks being
able to lend more money than they take in. |
| 承继人 |
Heir |
A person who inherits some or all of the
estate of a recently deceased person. The legal
successor is usually selected because they are related
to the deceased by a direct bloodline or have been
designated in a will or by a legal authority. |
| 持续经营 |
Going Concern |
A term for a company that has the
resources needed in order to continue to operate. If a
company is not a going concern, it means the company has
gone bankrupt. |
| 持续经营价值 |
Going Concern Value |
The value of a company's ability to
generate earnings from tangible and intangible assets.
|
| 持有 |
Hold |
An analyst recommendation to neither buy
nor sell a security. |
| 持有量不足 |
Underweight |
A term describing an investment position
that does not hold a sufficient amount of securities to
satisfy the accepted benchmark of the portfolio's asset
allocation strategy. |
| 持有期 |
Holding Period |
The time (or expected time) that an asset
will be held for. |
| 持有期回报/收益率 |
Holding Period Return/Yield |
The total return received from holding an
asset. Calculated as income plus price appreciation
during a specified time period, divided by the cost of
the investment. |
| 重置成本 |
Replacement Cost |
The price that will have to be paid to
replace an existing asset with a similar asset. |
| 出口 |
Export |
In reference to international trade,
these are goods shipped from one country from another.
|
| 出市代表、场内交易商 |
Floor Trader |
An exchange member who executes
transactions from the floor of the exchange exclusively
for their own account. |
| 出售权 |
Put |
- An option contract giving the owner the right, but
not the obligation, to sell a specified amount of an
underlying security at a specified price within a
specified time.
- The act of exercising a put option.
|
| 出售认股权证 |
Put Warrant |
A warrant that gives the holder the right
to sell the underlying share for an agreed price, on or
before a specified date. |
| 出账、销账 |
Charge Off |
- A debt that is deemed uncollectable and written
off. Also known as a bad debt.
- A one time expense incurred by a company that
negatively affects earnings.
|
| 初级市场 |
Primary Market |
The market in which investors have the
first opportunity to buy a newly issued security. |
| 除权、不带新股认股权 |
Ex-Rights |
The period when a new purchaser of stock
is not entitled to participate in the recently declared
rights offering. |
| 除外责任比率 |
Exclusion Ratio |
The portion of the return on investments
that is income tax exempt. It represents a payback of
initial investments rather than capital gains. |
| 除息、不带息 |
Ex-Dividend |
The trading of shares when a declared
dividend belongs to the seller rather than the buyer.
|
| 除证、不带认股权证 |
Ex-Warrant |
The trading of shares when a warrant has
been declared, but not distributed. |
| 创业基金 |
Venture Capital Fund |
Venture capital funds pool and manage
money from investors seeking private equity stakes in
small and medium-size enterprises with strong growth
potential. |
| 创业基金投资者 |
Venture Capitalist |
An investor who provides capital to
either start-up ventures or support small companies who
wish to expand but do not have access to public funding.
|
| 创业项目 |
Venture |
Generally refers to a risky start-up or
enterprise company. |
| 创业资本 |
Venture Capital |
Money and resources made available to
startup firms and small businesses with exceptional
growth potential. |
| 纯价格 |
Clean Price |
The price quoted for a bond excluding
accrued interest. |
| 次级股票 |
Secondary Stock |
A stock that is considered more risky
than blue chips because it has a smaller market
capitalization. |
| 次级证券 |
Junior Security |
A security that ranks below others in
regards to claim on assets and income. |
| 从属债务 |
Subordinated Debt |
A loan (or security) that ranks below
other loans (or securities) with regard to claims on
assets or earnings. |
| 存款证 |
CD |
A savings certificate entitling the
bearer to receive interest. A CD bears a maturity date,
a specified interest rate, and can be issued in any
denomination. CDs are generally issued by commercial
banks. |
| 存款证 |
Certificate Of Deposit (CD) |
A savings certificate entitling the
bearer to receive interest. A CD bears a maturity date,
a specified interest rate, and can be issued in any
denomination. CDs are generally issued by commercial
banks. |
| 存款、按金 |
Deposit |
- A transaction involving a transfer of funds to
another party for safekeeping.
- A portion of funds that is used as security or
collateral for the delivery of a good.
|
| 存托公司 |
Depository Trust Company (DTC) |
One of the world's largest securities
depositories, it holds in excess of $10 trillion worth
of securities in custody. The DTC acts like a clearing
house to settle trades in corporate and municipal
securities. |
| 存托及结算机构 |
Depository Trust and Clearing Corporation
(DTCC) |
Established in 1999, the DTCC is a
holding company consisting of 5 clearing corporations
and 1 depository, making it the world's largest
financial services corporation dealing in post trade
transactions. |
| 存托凭证 |
Depository Receipt |
A negotiable financial instrument issued
by a bank to represents a foreign company's publicly
traded securities. The depository receipt trades on a
local stock exchange. |
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