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中文术语 |
英文术语 |
英文解释 |
| 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. |
