|
中文术语 |
英文术语 |
英文解释 |
| 外包 |
Outsourcing |
A practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally. |
| 外币效应 |
Foreign Currency Effects |
The extent to which the changes in a foreign currency affects the return on a foreign investment. |
| 外部董事 |
Outside Director |
Any member of a company's board of directors who is not an employee or stakeholder in the company. |
| 外国直接投资 |
Foreign Direct Investment (FDI) |
An investment abroad, usually where the company being invested in is controlled by the foreign corporation. |
| 外汇 |
Forex |
The common term for the foreign exchange market. Brokerage firms and banks are connected over an electronic network that allows them to convert the currencies of most countries. |
| 外汇 |
FX |
The common term for the foreign exchange market. Brokerage firms and banks are connected over an electronic network that allows them to convert the currencies of most countries. |
| 外汇率 |
Exchange Rate |
The price of one country's currency expressed in another country's currency. In other words, the rate at which one currency can be exchanged for another. |
| 外在价值 |
Extrinsic Value |
The difference between the option value and the intrinsic value. |
| 完全竞争 |
Perfect Competition |
A market structure in which:
- All firms sell an identical product.
- All firms are price takers.
- All firms have a relatively small market share.
- Buyers know the nature of the product being sold and the prices charged by each firm.
- The industry is characterized by freedom of entry and exit.
|
| 网上银行 |
Online Banking |
The performance of banking activities via the Internet. |
| 往后定价 |
Back Pricing |
A method used in specific futures contracts whereby the price of the commodity to be delivered is priced by the purchaser at some future date after entering into the position. |
| 微观经济 |
Microeconomics |
The study of the allocation of resources and the distribution of income, and how they are affected by the workings of government policies and the price system. |
| 微型市值股票 |
Micro Cap Stock |
Micro cap refers to a company with a market capitalization of between $50 million to $300 million. |
| 围栏策略 |
Ring Fence |
A strategy where an investor isolates a certain amount of money from any outside risk. It is mainly used by offshore investors. |
| 委托人 |
Trustor |
An individual or organization that gifts funds or assets to others by transferring fiduciary duty to a third party trustee that will maintain the assets for the benefit of the beneficiaries |
| 委托帐户、全权管理帐户 |
Discretionary Account |
An account that allows a broker to buy and sell securities without the client's consent. |
| 违约风险 |
Default Risk |
The risk that a company or individual will be unable to pay the contractual interest or principal on its debt obligations. |
| 违约，未能履行合约 |
Default |
- The failure to promptly pay interest or principal when due.
- The failure to perform on a futures contract as required by an exchange.
|
| 未到价 |
Out of the Money |
- For a call, when an option's strike price is higher than the market price of the underlying stock.
- For a put, when the strike price is below the market price of the underlying stock.
|
| 未来价值 |
Future Value |
The value of an asset or cash at a specified date in the future that is equivalent in value to a specified sum today. There are two ways to calculate FV:
- For an asset with simple annual interest:
= Original Investment x (1+(interest rate*number of years))
- For an asset with interest compounded annually:
= Original Investment x ((1+interest rate)^number of years) |
| 未实现收入 |
Unearned Revenue |
When an individual or company receives money for a service or product that has yet to be fulfilled. |
| 未实现收益 |
Unrealized Gain |
A profit that results from holding on to an asset rather than cashing it in and using the funds |
| 未实现损失 |
Unrealized Loss |
A loss that results from holding on to an asset rather than cashing it in and officially taking the loss. |
| 无抵押贷款 |
Unsecured Loan |
A bank loan that is issued and supported only by the borrowers creditworthiness, rather than by some sort of collateral. |
| 无抵押债权人 |
Unsecured Creditor |
A person or institution that lends money to a company or individual without holding collateral on the property for security. This puts the creditor in a higher risk situation |
| 无对冲黄金股票指数 |
BUGS Index |
Short for "basket of un-hedged gold stocks," the BUGS index is the AMEX's index measuring gold companies that do not hedge their gold production beyond a year and a half. |
| 无风险资产 |
Risk-Free Asset |
An asset which has a certain future return. Treasuries (especially T-bills) are considered to be risk-free because they are backed by the U.S. government. |
| 无风险回报率 |
Risk Free Rate of Return |
The quoted rate on an asset that has virtually no risk. |
| 无记名票据 |
Floater |
A bond, or some other type of debt, whose coupon rate changes with market conditions (short term interest rates). |
| 无形之手 |
Invisible Hand |
Coined by Adam Smith in his 1776 book An Inquiry into the Nature and Causes of the Wealth of Nations. In his book he states:
Essentially Smith says that individuals try to maximize their own good (and become wealthier), and by doing so, through trade and entrepreneurship, society as a whole will be better off. Furthermore, any government intervention in the economy isn't needed as the invisible hand would best guide the economy. |
| 无形资产 |
Intangible Asset |
An asset that is not physical in nature. E.g. goodwill |
| 无追索权融资 |
Non-Recourse Finance |
A loan where the lending bank is only entitled to repayment from the profits of the project the loan is funding, not from other assets of the borrower. |
| 无追索权债务 |
Non-Recourse Debt |
A loan that is secured by some sort of collateral, usually property. The issuer can seize the collateral if the borrower defaults. |
| 五大工业国 |
G-5 |
Five of the world's leading countries that meet periodically to achieve a cooperative effort on international economic and monetary issues. |
| 五大工业国 |
Group of Five (G-5) |
Five of the world's leading countries that meet periodically to achieve a cooperative effort on international economic and monetary issues. |
| 武士债券 |
Samurai Bond |
A yen denominated bond that is issued in Tokyo by a non-Japanese company. |
| 兀鹫基金 |
Vulture Fund |
A fund that buys securities in distressed investments, such as high-yield bonds in (or near) default or equities that are in (or near) bankruptcy. |
| 兀鹫投资者 |
Vulture Capitalist |
- A slang word for a venture capitalist who deprives an inventor of control over their own innovations and most of the money they should have made from the invention.
- A venture capitalist who invests in floundering firms in the hopes that they will turn around.
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