|
中文术语 |
英文术语 |
英文解释 |
| 发行备忘录 |
Offering Memorandum |
A legal document stating the objectives, risks, and terms of investment involved with a private placement. |
| 发行成本 |
Flotation Cost |
The costs associated with the issuance of new securities. |
| 发行人 |
Issuer |
The entity, such as a corporation or municipality, that offers (or proposes to offer) its securities for sale. |
| 发行、上市 |
Flotation |
The process of changing a private company into a public company by issuing shares and soliciting the public to purchase them. |
| 发行说明书 |
Offering Circular |
An abbreviated prospectus for a new security listing. Delivered to individuals and brokerage houses, these documents are issued to arouse interest in the new issue. |
| 发展阶段 |
Development Stage |
A company that is focusing a majority of its attention on research & development. Because attention is focused on research, earnings are usually very small or nothing. |
| 法定人数 |
Quorum |
The minimum acceptable level of individuals with a vested interest in a company needed to make the proceedings of a meeting valid under the corporate charter. |
| 反垄断法 |
Anti-trust |
The antitrust laws apply to virtually all industries and to every level of business, including manufacturing, transportation, distribution, and marketing. They prohibit a variety of practices that restrain trade. Examples of illegal practices are price-fixing conspiracies, corporate mergers likely to reduce the competitive vigor of particular markets, and predatory acts designed to achieve or maintain monopoly power. |
| 反收购措施 |
Anti-takeover Measure |
Measures taken on a continual or sporadic basis by a firm's management in order to prevent or deter unwanted takeovers. |
| 反收购法规 |
Anti-takeover Statute |
A set of state regulations that prevent or deter companies from attempting hostile takeovers. These regulations vary across state lines and typically affect only the companies incorporated within the state. |
| 反摊薄条款 |
Anti-dilution Provision |
A provision in an option or a convertible security. It protects an investor from dilution resulting from later issues of stock at a lower price than the investor originally paid. |
| 反通货膨胀 |
Disinflation |
A slowing of the rate at which prices increase. Typically, this occurs during a recession as sales drop and retailers are not able to pass on higher prices to customers. |
| 反向收购 |
Reversed takeover |
- When a larger company is bought out by a smaller company.
- The purchasing of a public company by a private company.
|
| 范畴经济 |
Economies of Scope |
An economic theory stating that the average total cost of production decreases as a result of increasing the number of different goods produced. |
| 防御性投资 |
Defensive Buy |
An investment that is an attractive buy because it is low risk, not because of its return potential. |
| 防御性投资策略 |
Defensive Investment Strategy |
A method of portfolio allocation and management aimed at minimizing the risk of losing principal. Defensive investors place a high percentage of their investable assets in bonds, cash equivalents, and stocks that are less volatile than average. |
| 房地产 |
Real Estate |
Real estate that generates income. |
| 房地产代理 |
Real Estate Agent |
A person with a state/provincial license to represent a buyer or a seller in a real estate transaction in exchange for a commission. Most agents work for real estate brokers or realtors. |
| 房地产抵押 |
Mortgage |
A loan, secured by the collateral of some specified real estate property, in which the borrower is obligated to make a predetermined set of payments to repay the loan. |
| 房地产抵押银行家 |
Mortgage Banker |
The lender in a mortgage contract, or the one making the loan directly |
| 房地产投资信托 |
REIT |
A security that sells like a stock on the major exchanges and invests in real estate directly, either through properties or mortgages.
REITs receive special tax considerations, and typically offer investors high yields as well as a highly liquid method of investing in real estate. |
| 房地产投资信托 |
Real Estate Investment Trust (REIT) |
A security that sells like a stock on the major exchanges and invests in real estate directly, either through properties or mortgages.
REITs receive special tax considerations, and typically offer investors high yields as well as a highly liquid method |
| 放宽管制 |
Deregulation |
The reduction or elimination of government power within a particular industry. Deregulation is usually enacted to create more competition within an industry. |
| 非经常项目 |
Extraordinary Item |
Gains or losses included in a company's financial statements, which are infrequent and unusual in nature. These are usually explained further in the 'notes to the financial statements.' |
| 非经常开支 |
Nonrecurring Charge |
An expense occurring only once on a company's financial statement. |
| 非劳动收入 |
Unearned Income |
Any income that comes from investments and other sources unrelated to employment services. |
| 非牟利机构 |
Non-Profit Organization |
An association that is given tax free status. Donations to a non-profit organization are often tax deductible as well. |
| 非强制买回保障 |
Soft Call Protection |
A feature added to convertible fixed-income and debt securities. The provision dictates that a premium will be paid by the issuer if early redemption occurs. |
| 非营运资产 |
Non-Operating Asset |
Assets that are unnecessary to the ongoing operations of a business. |
| 非营运现金流 |
Non-Operating Cash Flows |
Cash inflows and outflows related to non-current investments, financing, and dividends. |
| 分拆上市 |
Carveout |
- Sometimes known as a partial spinoff, a carve out occurs when a parent company sells a minority (usually 20% or less) stake in a subsidiary for an IPO or rights offering.
- Where an established brick-and-mortar company hooks up with venture investors and a new management team to launch an Internet spinoff.
|
| 分拆 |
Demerger |
A corporate strategy to sell off subsidiaries or divisions of a company. |
| 分拆、出售资产 |
Divestiture |
Refers to the sale of a subsidiary company, also called "spin-off." |
| 分拆 |
Spinoff |
A new, independent company created through selling or distributing new shares for an existing part of another company. |
| 分拆收购 |
Unbundling |
Taking over a large company with several different lines of business and retaining the core business while selling off the subsidiaries to help fund the takeover. |
| 分股 |
Stock Split |
The division of a company's existing stock into more shares. In a 2-for-1 split, each stockholder would receive an additional share for each share formerly held. |
