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中文词句 |
English Terms |
English Definitions |
| 买方叫价 |
Ask (Price) |
The price a seller is willing
to accept for a security, also known as the offer price.
|
| 买方 |
Buy-Side |
The investing institutions
such as mutual funds, pension funds, and insurance firms
that tend to buy large portions of securities. |
| 买方出价 |
Bid |
- An offer by an investor, trader, or dealer to buy
a security.
- The price at which a market maker is willing to
buy a security.
|
| 买方出价 |
Bid Price |
The price a buyer is willing
to pay for a security. |
| 买方垄断 |
Monopsony |
Similar to a monopoly, but
where a large buyer (not seller) controls a large
proportion of the market and drives the prices down.
Sometimes referred to as the buyers monopoly. |
| 买方市场 |
Buyer's Market |
A market condition
characterized by an abundance of goods available for
sale. |
| 买回日期 |
Call Date |
The date on which a bond can
be redeemed before maturity. If the issuer feels there
is a benefit to refinancing the issue, the bond may be
redeemed on the call date at par or at a small premium
to par. |
| 买回收益率 |
Yield To Call |
The yield of a bond or note
if you were to buy and hold the security until the call
date. This yield is valid only if the security is called
prior to maturity. The calculation of yield to call is
based on the coupon rate, the length of time to the call
date, and the market price. |
| 买回溢价 |
Call Premium |
- The dollar amount over the par value of a
convertible fixed income and debt security. This
amount is given to holders when the security is called
by the issuer due to the soft call provision.
- The amount the purchaser of a call option must pay
to the writer.
|
| 买卖差价 |
Bid-Ask Spread |
The amount that the ask price
exceeds the bid. |
| 买入 |
Buy |
A recommendation to purchase
a specific security. |
| 买入并持有 |
Buy And Hold |
An investing strategy where
stocks are bought and held for a long period regardless
of fluctuations in the market. |
| 买入-出售比率 |
Put-Call Ratio |
A ratio of the trading volume
of put options to call options. It is used to gauge
investor sentiment. |
| 买入-出售价差 |
Put-Call Parity |
The relationship between the
price of a put and the price of a call on the same
underlying with the same expiration date. |
| 买入对冲 |
Buying Hedge |
A transaction that
commodities investors undertake to hedge against
possible increases in the prices of the actuals
underlying the futures contracts. |
| 买入期权 |
Call |
An option contract giving the
owner the right (but not the obligation) to buy a
specified amount of an underlying security at a
specified price within a specified time. |
| 买入期权 |
Call Option |
An agreement that gives an
investor the right (but not the obligation) to buy a
stock, bond, commodity, or other instrument at a
specified price within a specific time period. |
| 买入认股权证 |
Call Warrant |
A warrant that gives the
holder the right to buy the underlying share for an
agreed price, on or before a specified date. |
| 卖出 |
Sell |
- A recommendation to sell a particular security.
- The process of liquidating an asset in exchange
for money.
|
| 卖出对冲 |
Selling Hedge |
A hedging strategy used in
futures markets whereby the sale of futures contracts
are meant to offset a long underlying commodity
position. |
| 卖方寡头垄断 |
Oligopsony |
Similar to an oligopoly, but
where a small number of large buyers (not sellers)
control a large proportion of the market and drive
prices down. |
| 卖方市场 |
Seller's Market |
A market condition
characterized by a shortage of goods available for sale.
|
| 卖空 |
Selling Short |
The selling of a security
that the seller does not own, or any sale that is
completed by the delivery of a security borrowed by the
seller. Short sellers assume that they will be able to
buy the stock at a lower amount than the price at which
they sold short |
| 卖空 |
Short Selling |
The selling of a security
that the seller does not own, or any sale that is
completed by the delivery of a security borrowed by the
seller. Short sellers assume that they will be able to
buy the stock at a lower amount than the price at which
they sold short |
| 毛收入 |
Gross Income |
- For individuals, it is your total personal income
before deductions.
- For companies, it is their revenue minus cost of
goods sold (also called gross margin).
|
| 贸易加权美元 |
Trade-Weighted Dollar |
The trade-weighted dollar
represents the foreign currency price of the U.S. dollar
or the export value of the U.S. dollar. |
| 贸易融资 |
Trade Finance |
The science that describes
the management of money, banking, credit, investments,
and assets for international trade transactions. |
| 每股现金流 |
Cash Flow Per Share |
Cash flow from operations
minus preferred stock dividends, divided by the number
of common shares outstanding. This measures a firm's
financial strength.? |
| 每股销售额 |
Sales Per Share |
A ratio that computes the
total revenue earned per share over a 12-month period.
It is calculated by dividing total revenue earned in a
fiscal year by the weighted average of shares
outstanding for that fiscal year. |
| 每股盈利 |
EPS |
The portion of a company's
profit allocated to each outstanding share of common
stock. Calculated as:
Net Income - Dividends on Preferred Stock
-------------------------------------------
Average Outstanding Shares
Companies
usually use a weighted average number of shares
outstanding over the reporting term. |
| 每股盈利 |
Earnings Per Share (EPS) |
The portion of a company's
profit allocated to each outstanding share of common
stock. Calculated as:
Net Income - Dividends on Preferred Stock
-----------------------------------------------
Average Outstanding Shares
Companies
usually use a weighted average number of shares
outstanding over the reporting term. |
| 每股资产净值 |
NAVPS |
- In mutual funds, the value of a mutual fund share.
Calculated by dividing the total net asset value of
the fund by the number of shares outstanding.
- In corporate valuations, the net asset value
divided by the number of shares outstanding.
|
| 每股资产净值 |
NAV per Share |
- In mutual funds, the value of a mutual fund share.
Calculated by dividing the total net asset value of
the fund by the number of shares outstanding.
- In corporate valuations, the net asset value
divided by the number of shares outstanding.
|
| 每股资产净值 |
Net Asset Value per Share |
- In mutual funds, the value of a mutual fund share.
Calculated by dividing the total net asset value of
the fund by the number of shares outstanding.
- In corporate valuations, the net asset value
divided by the number of shares outstanding.
|
| 每股自由现金流 |
Free Cash Flow per Share |
A measure of a company's
financial flexibility. It is calculated as net income
plus all non-cash expenses, less dividends and capital
expenditures. The total is then divided by the number of
shares outstanding. |
| 每普通股账面价值 |
Book Value Per Common |
A measure used by owners of
common shares within a firm to determine the level of
safety associated with each individual share after all
debts are paid accordingly. |
| 每日产量(桶) |
Barrel's per Day |
A statistic often used to
determine output for oil production. |
| 美国财政部 |
U.S. Treasury |
The United States Department
of the Treasury is the government department responsible
for issuing all Treasury bonds, notes, and bills. |
| 美国存托股份 |
American Depository Share
(ADS) |
A share issued under deposit
agreement that represents an underlying security in the
issuer's home country.? |
| 美国存托凭证 |
American Depository Receipt
(ADR) |
A stock representing a
specified number of shares in a foreign corporation.
ADRs are bought and sold in the American markets just
like regular stocks. An ADR is issued by a U.S. Bank,
consisting of a bundle of shares of a foreign
corporation that are being held in custody overseas. The
foreign entity must provide financial information to the
sponsor bank. ADRs do not eliminate the currency and
economic risks for the underlying shares in another
country. ADRs are listed on either the NYSE, AMEX,
or Nasdaq. |
| 美国股票交易所 |
American Stock Exchange |
The third largest stock
exchange in the United States. The AMEX is located in
New York and handles approximately 10% of all securities
traded in the States. |
| APICS(美国生产及库存控制协议)商业前景指数 |
APICS Business Outlook Index
|
A national manufacturing
index that surveys several manufacturing firms on a
monthly basis. If the index is above 50 it signals
expansion, if it dips below 50 it indicates contraction.
|
| 美国证券交易监督委员会 (美国证监会) |
SEC |
A government commission
created by Congress to regulate the securities markets
and protect investors. In addition to regulation and
protection, it also monitors the corporate takeovers in
the United States. The SEC is composed of five
commissioners appointed by the president of the United
States and approved by the Senate. The statutes
administered by the SEC are designed to promote full
public disclosure and protect the investing public
against fraudulent and manipulative practices in the
securities markets. Generally, most issues of securities
offered in interstate commerce, through the mail, or on
the Internet, must be registered with the SEC. |
| 美国证券交易监督委员会 (美国证监会) |
Securities & Exchange
Commission (SEC) |
A government commission
created by Congress to regulate the securities markets
and protect investors. In addition to regulation and
protection, it also monitors the corporate takeovers in
the United States. The SEC is composed of five
commissioners appointed by the president of the United
States and approved by the Senate. The statutes
administered by the SEC are designed to promote full
public disclosure and protect the investing public
against fraudulent and manipulative practices in the
securities markets. Generally, most issues of securities
offered in interstate commerce, through the mail, or on
the Internet, must be registered with the SEC. |
| 美式期权 |
American Option |
An option that can be
exercised anytime during its life. |
| 美国证券库斯普号码 |
CUSIP Number |
A number identifying all
stocks and registered bonds. The Committee on Uniform
Securities Identification Procedures (CUSIP) oversees
the entire CUSIP system. |
| 猛犬债券 |
Bulldog Bond |
A sterling denominated bond
that is issued in London by a company that is not
British. |
| 密歇根消费者信心指数 |
Michigan Consumer Sentiment
Index |
A survey of consumer
confidence conducted by the University of Michigan. The
preliminary report is released on the tenth (except on
weekends) of each month. A final report for the prior
month is released on the first of the month. |
| 免税期 |
Tax Holiday |
A government incentive
program that offers a tax reduction to foreign
investors. |
| 面值 |
Face Value |
- The stated principal amount of a debt instrument.
- The value printed value on a banknote or coin.
|
| 民营化 |
Privatization |
The transfer of ownership
from government owned to a privately owned corporation.
|
| 敏感度分析 |
Sensitivity Analysis |
A technique for determining
what might happen in a decision analysis if a key
prediction turns out to be wrong. |
| 名义股东 |
Dummy Shareholder |
A person who holds shares in
his or her name, but the shares are really owned by
someone else. |
| 名义价值 |
Nominal Value |
The stated value of an issued
security that remains fixed, as opposed to its market
value, which fluctuates. |
| 名义利率 |
Nominal Interest Rate |
The interest rate unadjusted
for inflation. |
| 名义收益率 |
Nominal Yield |
The interest rate stated on
the face of a bond, it represents the percentage of
interest to be paid by the issuer on the face value of
the bond. |
| 目标公司 |
Target Company |
A firm that has been targeted
by another firm for a takeover. |
| 目标价格 |
Target Price |
The projected price level as
stated by an investment analyst or advisor
|