私募基金词汇中英文

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股票基金金融中英对照参考词

Leverage Partners Absolute Return Fund SPC 英明伙伴绝对回报基金SPCJoint Acc ount 联合账户Corporate Acc ount 公司账户Direc tor 董事Partne r 合伙人Share holde r 股东ultima te be nefic ial owner 最终实益拥有人Sec urities a nd Futures Commission 证券及期货事务监察委员会Investme nt Objec tive 投资目标Risk Tolera nce 抗风险能力Fina ncial Information财务信息Ca pita l Guara ntee d Funds保本基金Time De posits/Sa ving定期存款/储蓄De bt Sec urities (inc lude s bonds, certificates of de posit, notes, e tc)债务证券（包括债券、存单和票据等）Foreign Exc ha nge外汇Margin Trading保证金交易Equities股本De rivative 衍生工具Curre nt Inve stme nt Allocation流动投资分配Bonds债券Real state不动产Liste d shares上市股份Unliste d shares未上市股份Segregated Portfolio 独立资产组合Sub-Fund 成分基金LP 基金出资人GP 基金管理人SPC：segregated portfolio company独立资产组合公司Investment Adviser 投资顾问registered office 注册办事处consideration 代价legal entity 法律实体Investment Strategy 投资策略capital growth 资本增值absolute risk 绝对风险risk adjusted returns 风险调整后收益diversified portfolio 多元化投资组合rated and unrated 已评等和未评等的warrants 权证over-the-counter derivative 场外衍生工具instrument 票据options 期权leverage 杠杆作用mone y ma rket 货币市场Investment Manager 投资管理人rede mption 赎回de be nture 信用债券loan application 贷款申请on-lending 转贷Ample Capital Limited 丰盛融资有限公司Well & Well Securities Limited 福而伟证券有限公司regulated activities 受规管业务Custodian 保管人Administra tor 管理人Auditor 审计员Divestme nt 撤资investment management service 投资管理服务Investment Committee 投资委员会BOCI-Prudential Trustee 中银国际英国保诚信托有限公司Offer Period 要约期Subscription Price 认购价Net Asset Value 资产净值Valuation Point估价点Valuation Day 估价日absolute discretion 绝对酌情权Closing Date 截止日期initial subscription 初步认购Business Day 交易日Dividend Policy 股息政策Subscription Fee 认购费cleared fund 清算资金deadline 最后期限Base Currency 基础货币Accounting Date 记账日期performance fee 绩效费performance period 绩效周期High Water Mark 高净值Excess 盈余service fee 服务费commercial rate 贸易汇率out-of-pocket expense 付现费用transaction cost 交易费Management Share 管理层股份redemption proceeds 赎回收益net amount 净额intermediary 中介人。

一文读懂股权融资常用的24个英文术语

以下是股权融资中常用的24个英文术语：Equity：股本，公司所有者拥有的资产。

Stock：股票，代表公司的一部分所有权。

Shares：股份，股票的一部分，代表公司的一部分所有权。

Board of Directors：董事会，公司的最高决策机构，由股东选举产生。

Shareholder：股东，持有公司股票的人。

Management：管理层，负责公司的日常运营和决策。

Initial Public Offering (IPO)：首次公开募股，公司首次向公众出售股票。

Secondary Offering：二次发行，公司在首次公开募股后再次向公众出售股票。

Private Equity (PE)：私募股权，非公开交易的股权投资。

Venture Capital (VC)：风险投资，提供给初创企业的股权投资。

11.天使投资人（Angel Investor）：提供种子期资金的人，通常是个人投资者。

12.兼并（Merger）：两家或多家公司合并为一个新的公司。

收购（Acquisition）：一家公司购买另一家公司的全部或部分股权。

反收购（Anti-Takeover）：公司采取措施防止被其他公司收购。

股权稀释（Equity Dilution）：由于新发行股票或其他方式导致现有股东所持股份比例下降。

估值（Valuation）：对公司的价值进行评估。

优先股（Preferred Stock）：具有特殊权利的股票，通常在分红和投票方面优于普通股。

可转债（Convertible Bonds）：可以转换为股票的债券。

尽职调查（Due Diligence）：在交易前对潜在投资目标进行详细的调查和分析。

路演（Roadshow）：向投资者展示公司或产品的推广活动。

招股说明书（Prospectus）：包含公司详细信息的文件，用于吸引投资者购买股票。

基石投资者（Cornerstone Investors）：在首次公开募股中承诺购买大量股票的投资者。

LP、GP、VC、PE名词解析

LP、GP、VC、PE名词解析★★风险投资业中的LP、GP、VC、PE名词解析★★在风险投资领域，根据投资规模一般可以将风险投资分为天使基金、VC（风险投资）、PE（私募股权投资）几个级别。

天使基金主要关注原创项目构思和小型初创项目，投资规模大多在300万元以下；风险投资关注初创时期企业长期投资，规模在1000万元以下；私募股权投资主要关注3年内可以上市的成熟型企业。

国外风投停止了业务的同时，国内刚成长起来的风险投资公司日子也不好过。

虽然已经募集到的资金还要投到项目上去，但是，投资的项目已经明显发生了变化。

“PE投资VC化，VC投资天使化”的趋势已经有了苗头。

•VC：Venture Capital：风险投资。

•PE：Private Equity：私募股权；私人股权融资；非上市融资。

•LP：Limited Partnership，通译为有限合伙。

有限合伙企业中又分LP指的是有限合伙人limited partner，就是出钱的,仅仅投资资本,但不参与公司管理（但国内的LP非常强烈的参与公司和资金的管理）。

GP：指的是普通合伙人，general partner，就是负责投资管理的，两方面合起来就采用有限合伙的方式。

•Pre/Post-Money：融资前/融资后估价。

Limited Partnership/LP 这种制度安排是由资金的所有者向贸易操作者提供资金，投资者按约定获取利润的一部分，但不承担超过出资之外的亏损；如果经营者不存在个人过错，投资者亦不得要求经营者对其投资损失承担赔偿责任。

20世纪以来，风险投资行为采用的主要组织形式即为有限合伙（Limited Partnership），且通常以基金的形式存在。

投资人以出资为限对合伙企业债务承担有限责任，而基金管理人以普通合伙人GP的身份对基金进行管理并对合伙企业债务承担无限责任。

这样既能降低投资人的风险，又能促使基金管理人为基金的增值勤勉谨慎服务。

有限合伙制把合伙企业的纳税优势（不需要缴纳企业所得税，只由各个合伙人就其基于合伙份额获取的利润缴纳税金）和公司企业的有限责任特色（不用象合伙人那样对合伙企业的债务承担无限连带责任）结合在一起，并通过一定的契约关系和治理结构安排，降低了普通合伙人的道德风险和有限合伙人的监管成本。

投资词汇中英对照

投资词汇中英对照从金融学角度来讲，相较于投机而言，投资的时间段更长一些，更趋向是为了在未来一定时间段内获得某种比较持续稳定的现金流收益，是未来收益的累积。

接下来小编为大家整理了投资词汇中英对照，希望对你有帮助哦!投资词汇中英对照：SEHK联交所Senior Bond优先债券Settlement结算Short Hedge空头对冲Short Position空仓Short Selling抛空/沽空Speculation投机Stock Splits股票分拆Subordinated Bond后偿债券Substantial Shareholder大股东Support Level支持价位Technical Analysis技术分析The Stock Exchange of Hong Kong Ltd.香港联合交易所有限公司Time Horizon投资期Trading Hours of SEHK联合交易所的交易时间Trading Rules交易规则Trust Deed信托契约Underlying Security认股权证相关的股份Unified Exchange Compensation Fund Scheme联合交易所赔偿基金Valuation估价Warrant认股权证Window Dressing粉饰橱窗Yield盈利率Yield To Maturity到期孳息率Zero Coupon Bond无息债券Accrued interest应得利息All-Ordinaries Index所有普通股指数Arbitrage套戥Ask Price买价Asset-Backed Securities具资产保证的证券At-the-money刚到价Automatic Order Matching And Execution System自动对盘及成交系统Basis Point基点Bear Markets熊市Bid Price卖价Bid-ask Spread买卖差价Blue Chips蓝筹股Bond债券Book Value账面值Broker经纪Brokerage Fee经纪佣金Bull Markets牛市Call Option好仓期权/买入(认购)期权Callable Bonds可赎回债券Capital Gain资本增值Capital Markets资本市场Central Clearing and Settlement System中央结算系统Central Money Market Units债务工具中央结算系统Certificate of Deposits存款证China Concepts Stock中国概念股Closed-end闭端基金Collateral抵押品Commercial Paper商业票据Common Stock普通股Compound Interest复息Contract Note成交单Controlling Shareholder控制股东Convertible Bond可换股债券Corporate Bond公司债券Coupon票息Coupon Frequency派息次数Coupon Rate票面息率Covered warrants备兑认股权证Credit Rating信用评级Currency Board货币发行局Current Yield现价息率Custody of Securities证券托管Default Risk不能收回本金的风险Derivative Call衍生认购(认沽)认股权证Derivative Instrument衍生产品Direct Business直接成交Discount Bond折扣债券Diversification分散风险Duration期限Earnings收益Earnings per Share每股盈利Earnings Yield盈利率Equity股本Equity Call Warrants股本认购认股权证Ex-dividend除息Face Value/ Nominal Value面值Fixed Rate Bonds定息债券Fixed-income securities定息证券Floating Rate Bonds浮息债券Fundamental Analysis基本分析Future Value未来值Future Value of an Annuity定期供款之未来值Futures contract期货合约Hang Seng China Enterprises index恒生香港中资企业指数Hang Seng Index香港恒生指数Hang Seng London Reference Index恒生伦敦参考指数Hedge对冲Hong Kong Inter-Bank Offered Rate香港银行同业拆息Hong Kong Monetary Authority香港金融管理局Hong Kong Securities Clearing Company Ltd.香港中央结算有限公司H-Share股HSI Futures Contract恒生指数期货合约Income收入Index Fund指数基金Initial Public Offering首次公开招股Inside Information内幕消息Insider Trading内幕交易Intrinsic Value内在价值Investment投资Investment Adviser投资顾问IPO price首次公开招股价Junk Bond垃圾债券Leverage Ratio杠杆比率Limit Order限价指示Limited Company有限公司Liquidity变现能力Listing挂牌Listing Date上市日期Margin Call补仓Market Capitalisation市价总值Market Maker庄家Market Order市场指示Money Market货币市场Mutual Fund互惠基金Net Asset Value资产净值Offer For Sale公开发售Offer For Subscription公开认购Open Offer公开供股Open-end开放基金Option期权Oversubscribed超额认购Par Bond平价债券Par Value票面值Perpetual Bonds永久债券Placing配售Portfolio投资组合Preference Shares优先股Premium溢价(认股证)Premium Bond溢价债券Present Value现时值Present Value of An Annuity定期供款之现时值Price/Earnings Ratio市盈率Privatisation私有化Professional Conduct Regulations专业操守规例Prospectus招股书Put Option淡仓期权/卖出(认沽)期权Rate of Return收期率Real Interest Rate实质利率Red Chip红筹股Redemption Value赎回价值Reinvestment Value再投资利率Relative Strength Index/RSI相对强弱指数Repurchase Agreement回购协议Resistance Level阻力价位Return回报Rights Issue供股发行Risk-Averse, Risk-Neutral, Risk-Taking风险厌恶，风险中立，追求风险Securities And Futures Commission证券及期货事务监察委员会Securities Dealers´ Representatives证券交易商投资词汇中英对照从金融学角度来讲，相较于投机而言，投资的时间段更长一些，更趋向是为了在未来一定时间段内获得某种比较持续稳定的现金流收益，是未来收益的累积。

基金词汇中英对照

基金词汇中英对照基金词汇中英对照在平凡的学习、工作、生活中，大家都接触过很多的词汇吧，那么关于基金的词汇你又知道哪些呢？以下是店铺精心整理的基金词汇中英对照，仅供参考，欢迎大家阅读。

基金词汇中英对照 1效率前缘 Efficient Frontier高收益 High Yield基金公会 HKIFA基金经理 Fund Manager基金销售文件 Prospectus基准 Benchmarks被动式管理 Passive Management离岸基金 Offshore Fund最大跌幅 Maximum Drawdown揣测最佳时机 Market Timing期货管理型基金 Managed Futures短仓 /淡仓 Short Position跌势差 Downside Deviation雇主供款 Employer Contribution雇员供款 Employee Contribution新高价 High-On-High Basis新兴市场 Emerging Markets新兴市场基金 Emerging Markets Fund管理费 ManagemantFee增长和收入基金 Growthand Income Fund严格评估 Due Diligence买入价 Bid Price买卖差价 Bid-offer Spread传统基金 Traditional Fund债券基金 Bond Fund单一对冲基金 Single Strategy Hedge Fund单位 Unit单位信托基金 Unit Trust卖出价 Offer Price奖励费 Incentive Fees对冲 Hedge对冲基金 Hedge Fund对冲基金的基金 Fund Of Hedge Funds (FoHFs) 对冲基金指引 Hedge Funds Guidelines开放式基金 Open-end Fund强制性供款 Mandatory Contributions强积金 Mandatory Provident Fund Scheme-MPF 总回报 T otal Return标准差 Standard Deviation环球宏观 Macro Funds环球基金 Global Fund绝对回报 Absolute Return认可基金 Authorised Funds认沽期权 Put Option/Put认股权证基金 Warrant Fund认购期权 Call Option/Call证券借出 Stock Lending贝他系数 Beta资产分配 Asset Allocation资产净值 Net Asset value-NAV赎回 Redemption赎回通知期 Redemption Notice Period赎回费 Redemption Fee赎回费 / 买入费 Redemption Price / Bid Price 进取型的投资管理 Aggressive Growth进取型增长基金 Aggressive Growth Fund长 / 短仓持股 Long/Short Equity长仓 / 好仓 / 持货 Long Position预设回报率 Hurdle Rateh主动式管理 Active ManagementCalmar 比率 Calmar RatioSharpe比率 Sharpe RatioSortino比率 Sortino Ratio入息基金 Income Fund子基金 Baby Funds/Underlying Funds已调整风险回报 Risk-adjusted Return互惠基金 Mutual Fund公积金计划 Pension Plan分散投资 Diversification主要经纪 Prime Broker可换股债券套戥 Convertible Bond Arbitrage 另类投资 Alternative Investment市场中立 Market Neutral平均成本效益 Dollor-cost Averaging再投资 Reinvestment合并套戥 Merger Arbitrage地区基金 Regional Fund如计划为伞子基金 Umbrella Fund有限责任 Limited Liability自愿性供款 Voluntary Contributions行业/主题基金 Sector/Theme Fund价值型管理 value均衡基金 Balanced Funds投资年期 Time Horizon投资组合 Portfolio投资顾问 Investment Adviser杠杆 Leverage/Gearing杠杆借贷比率 Leverage Ratio每日估值 Daily Valuation每年回报 Annual Return供款 Contribution受压 / 濒临破产的' 证券 Distressed Securities定息工具套戥 Fixed Income Arbitrage定息基金 Fixed-income Fund承受风险能力 Risk T olerance注册地 Domicile沽空 Short Selling波幅 Volatility股份 Share股息分派 Dividened Distributions股票基金 Equity Fund表现费 Performance Fees阿尔法系数 Alpha非认可基金 Unauthorised Fund信托人 Trustee保本对冲基金 Capital Guaranteed Hedge Funds封闭式基金 Closed-end Fund界定利益计划 Defined Benefit Plan界定供款计划 Defined Contribution Plan相关系数 Correlation重大事件主导的投资 Event Driven/Special Situations 首次认购费 Front-end Fee基金词汇中英对照 2Efficient Frontier效率前缘High Yield高收益HKIFA基金公会Fund Manager基金经理Prospectus基金销售文件Benchmarks基准Passive Management 被动式管理Offshore Fund离岸基金Maximum Drawdown 最大跌幅Market Timing揣测最佳时机Managed Futures期货管理型基金Short Position短仓 /淡仓Downside Deviation 跌势差Employer Contribution 雇主供款Employee Contribution 雇员供款High-On-High Basis新高价Emerging Markets新兴市场Emerging Markets Fund新兴市场基金Managemant Fee管理费Growthand Income Fund 增长和收入基金Due Diligence严格评估Bid Price买入价Bid-offer Spread买卖差价Traditional Fund传统基金Bond Fund债券基金Single Strategy Hedge Fund 单一对冲基金Unit单位Unit Trust单位信托基金Offer Price卖出价Incentive Fees奖励费Hedge对冲Hedge Fund对冲基金Fund Of Hedge Funds (FoHFs)对冲基金的基金Hedge Funds Guidelines对冲基金指引Open-end Fund开放式基金Mandatory Contributions强制性供款Mandatory Provident Fund Scheme-MPF 强积金Total Return总回报Standard Deviation标准差Black-Scholes毕苏期权定价模式Macro Funds环球宏观Global Fund环球基金Absolute Return绝对回报Authorised Funds认可基金Put Option/Put认沽期权Warrant Fund认股权证基金Call Option/Call认购期权Stock Lending证券借出Beta贝他系数Asset Allocation资产分配Net Asset value-NAV资产净值Redemption赎回Redemption Notice Period 赎回通知期Redempti。

股票基金资料词汇中英文版

套戥Arbitrage效率前缘Efficient Frontier高收益High Yield基金公会HKIFA基金经理Fund Manager基金销售文件Prospectus基准Benchmarks被动式管理Passive Management离岸基金Offshore Fund最大跌幅Maximum Drawdown揣测最佳时机Market Timing期货管理型基金Managed Futures短仓/淡仓Short Position跌势差Downside Deviation雇主供款Employer Contribution雇员供款Employee Contribution新高价High-On-High Basis新兴市场Emerging Markets新兴市场基金Emerging Markets Fund管理费ManagemantFee增长和收入基金Growthand Income Fund严格评估Due Diligence买入价Bid Price买卖差价Bid-offer Spread传统基金Traditional Fund债券基金Bond Fund单一对冲基金Single Strategy Hedge Fund单位Unit单位信托基金Unit Trust卖出价Offer Price奖励费Incentive Fees对冲Hedge对冲基金Hedge Fund对冲基金的基金Fund Of Hedge Funds (FoHFs) 对冲基金指引Hedge Funds Guidelines开放式基金Open-end Fund强制性供款Mandatory Contributions强积金Mandatory Provident Fund Scheme-MPF 总回报Total Return标准差Standard Deviation毕苏期权定价模式Black-Scholes环球宏观Macro Funds环球基金Global Fund绝对回报Absolute Return认可基金Authorised Funds认沽期权Put Option/Put认股权证基金Warrant Fund认购期权Call Option/Call证券借出Stock Lending贝他系数Beta资产分配Asset Allocation资产净值Net Asset value-NAV赎回Redemption赎回通知期Redemption Notice Period赎回费Redemption Fee赎回费/ 买入费Redemption Price / Bid Price 进取型的投资管理Aggressive Growth进取型增长基金Aggressive Growth Fund长/ 短仓持股Long/Short Equity长仓/ 好仓/ 持货Long Position预设回报率Hurdle Rateh主动式管理Active ManagementCalmar 比率Calmar RatioSharpe比率Sharpe RatioSortino比率Sortino Ratio入息基金Income Fund子基金Baby Funds/Underlying Funds已调整风险回报Risk-adjusted Return互惠基金Mutual Fund公积金计划Pension Plan分散投资Diversification主要经纪Prime Broker可换股债券套戥Convertible Bond Arbitrage 另类投资Alternative Investment市场中立Market Neutral平均成本效益Dollor-cost Averaging再投资Reinvestment合并套戥Merger Arbitrage地区基金Regional Fund如计划为伞子基金Umbrella Fund有限责任Limited Liability自愿性供款Voluntary Contributions行业/主题基金Sector/Theme Fund价值型管理value均衡基金Balanced Funds投资年期Time Horizon投资组合Portfolio投资顾问Investment Adviser杠杆Leverage/Gearing杠杆借贷比率Leverage Ratio每日估值Daily Valuation每年回报Annual Return供款Contribution受压/ 濒临破产的证券Distressed Securities定息工具套戥Fixed Income Arbitrage定息基金Fixed-income Fund承受风险能力Risk Tolerance注册地Domicile沽空Short Selling波幅V olatility股份Share股息分派Dividened Distributions股票基金Equity Fund表现费Performance Fees阿尔法系数Alpha非认可基金Unauthorised Fund信托人Trustee保本对冲基金Capital Guaranteed Hedge Funds封闭式基金Closed-end Fund界定利益计划Defined Benefit Plan界定供款计划Defined Contribution Plan相关系数Correlation重大事件主导的投资Event Driven/Special Situations 首次认购费Front-end Fee与股票投资相关的英语词汇H股H Stock一篮子备兑证Basket Covered Warrants入限价买盘Buy Limit Order三角形Triangle三底Triple Bottoms三顶Triple Tops下降楔形Falling Wedge下降旗形Falling Flag下降轨Downward Trendline下跌风险Downside Risk上升楔形Rising Wedge上升旗形Rising Flag上升轨Upward Trendline上升风险Upside Risk大手成交Large Transaction大利市机Teletext中央结算系统Central Clearing and Settlement System 互惠基金Mutual Funds分拆Spin-off升水Premium引伸波幅Implied V olatility手Lot Size支持线Support Line止蚀盘Stop Loss Order止赚盘Stop Profit Order牛市Bull Market出限价沽盘Sell Limit Order可换股债券Convertible Bonds市价盘Market Order市盈率Price-to-earnings Ratio (P/E Ratio)平价At the Money未平仓合约Open Interest未平仓合约Open Interest生产物价指数Producer Price Index (PPI)生产物价指数Producer Price Index, PPI交叉盘Cross Trade名义利率Nominal Interest Rate合并Merger回报Return成分股Constituent Stock成交量Volume收市价Closing Price老鼠仓Rat Trading自动对盘Automatching行使价Exercise Price优先股Preferred Stock价外Out of the Money价内In the Money孖展户口Margin Account庄家Market Maker低水Discount利率Interest Rate即日鲜Day Trading批股Share Placement折让Discount投资组合理论Portfolio Theory投资银行Investment Banker杠杆比率Gearing Ratio每日波幅限额Daily Fluctuation Limit 系统性风险Systematic Risk供股Right Issue供股Right Issue供股权Rights固定资产Fixed Asset定息债券Fixed Income Securities所有普通股指数All-Ordinaries Index 招股书Prospectus拋空Short Sale拆出利率Offer Rate注资Asset Injection沽空Short Sale波浪理论Wave Theory波幅V olatility股市指数Stock Index股份回购Share Buyback/Repurchase 股息Dividend股票市场Stock Market股票孖展Share Margin股东股本利益Shareholer’s Equity金管局Hong Kong Monetary Authority 阻力区Resistance Level阻力线Resistance Line信贷评级机构Credit Rating Institution 按金户口指数备兑证Index Covered Warrants柱状图Bar Chart流动比率Current Ratio流动负债Current Liabilities流动资产Current Asset相反理论Contrarian Theory美国联邦贴现率Federal Discount Rate背驰Divergence衍生工具Derivatives限价盘Limit Order香港银行同业拆息Hong Kong Interbank Offer Rate (HIBOR)恒生一百指数Hang Seng 100 Index恒生中国企业指数Hand Seng China-affiliated Corp Index (HSCCI) 恒生中资企业指数Hang Seng China Enterprises Index (HSCEI)恒生五十中型股指数Hang Seng Midcap 50 Index恒生指数Hang Seng Index套戥Arbitrage息率Dividend Yield效率市场假设Efficient Market Hypothesis核数师意见Auditor Opinion消费物价指数Consumer Price Index (CPI)特殊项目Exceptional Items特别成交Special Trade神奇数字Fibonacci Number追击手Raider除息Ex-dividend除净Ex-all除权Ex-right高水Premium停版Limit停牌Suspension商人银行Merchant Banker啤打系数Beta Coefficient基本利率Base Rate球Million Share移动平均线Moving Average第一市场Primary Market第一市场直接批股Direct Placement第二市场Secondary Market通胀Inflation最优惠利率Prime Rate循环理论Cyclical Theory普通股Common Stock期交所Hong Kong Futures Exchange Limited (HKFE) 期权Options期货Futures期货合约Futures Contract程序买卖Programme Trading裂口Gap超买Over Bought超卖Over Sold集资Capital Raising楔形Wedge溢价Premium碎股Odd Lot道氏理论Dow Theory撇帐Provisioning旗形Flag熊市Bear Market碟形底Saucer Bottom碟形顶Saucer Top增长股Growth Stock箱形Box亚当理论Adam's Theory产负债表Balance Sheet伦敦港股London Market for Hong Kong Stocks债券风险溢价Risk Premium for Bonds兑换率Conversion Ratio内幕交易Insider Trading单日转向One-day Reversal单位信托基金Unit Trusts双底Double Bottoms双顶Double Tops国民生产总值Gross National Product (GNP)国企股H Stock国企指数Hang Seng China Enterprises Index国内生产总值Gross Domestic Product (GDP)圆形底Rounding Bottom圆形顶Rounding Top场外交易市场Over-the-Counter (OTC)备兑认股证Covered Warrants备兑证Equity Warrants头肩底Head and Shoulders Bottom头肩顶Head and Shoulders Top实质利率Real Interest Rate对冲Hedge对冲比率Hedge Ratio对冲基金Hedge Fund岛形转向Island Reversal挟仓Cornering the Market损益表Statement of Income换马Switching斩仓Stop Loss热钱Hot Money现金户口Cash Account红股Bonus Share红筹股Red Chip红筹指数Hang Seng China-Affilated Corporation Index 纯利Net Profit线形图Line Chart结算价Final Settlement Price综合财政报表Consolidated Financial Statement联交所Stock Exchange of Hong Kong Limited (SEHK) 联系汇率Linked Exchange Rate营业额Turnover蓝筹股Blue Chip认沽期权Put Options认股证Warrants认购期权Call Options证监会Securities and Futures Commission (SFC)负债比率Debt Ratio财务报表Financial Statement货币政策Monetary Policy货币发行局机制Currency Board System贴现率Discount Rate贴现窗Discount Window资本增值Capital Gain资本减值Capital Loss资产净值Net Asset value (NA V)资产负债表Balance Sheet转势Reversal银团贷款Syndicated Loans长方形Rectangle长期负债Long-term Liabilities长仓Long Position阴阳烛Candlestick Chart随机走势假设Random Walk Hypothesis随机走势理论Random Walk Theory随机指数Stochastic风险Risk风险溢价Risk Premium与股票投资相关的英语词汇H股H Stock一篮子备兑证Basket Covered Warrants入限价买盘Buy Limit Order三角形Triangle三底Triple Bottoms三顶Triple Tops下降楔形Falling Wedge下降旗形Falling Flag下降轨Downward Trendline下跌风险Downside Risk上升楔形Rising Wedge上升旗形Rising Flag上升轨Upward Trendline上升风险Upside Risk大手成交Large Transaction大利市机Teletext中央结算系统Central Clearing and Settlement System 互惠基金Mutual Funds分拆Spin-off升水Premium引伸波幅Implied V olatility手Lot Size支持线Support Line止蚀盘Stop Loss Order止赚盘Stop Profit Order牛市Bull Market出限价沽盘Sell Limit Order可换股债券Convertible Bonds市价盘Market Order市盈率Price-to-earnings Ratio (P/E Ratio)平价At the Money未平仓合约Open Interest未平仓合约Open Interest生产物价指数Producer Price Index (PPI) 生产物价指数Producer Price Index, PPI 交叉盘Cross Trade名义利率Nominal Interest Rate合并Merger回报Return成分股Constituent Stock成交量Volume收市价Closing Price老鼠仓Rat Trading自动对盘Automatching行使价Exercise Price优先股Preferred Stock价外Out of the Money价内In the Money孖展户口Margin Account庄家Market Maker低水Discount利率Interest Rate即日鲜Day Trading批股Share Placement折让Discount投资组合理论Portfolio Theory投资银行Investment Banker杠杆比率Gearing Ratio每日波幅限额Daily Fluctuation Limit系统性风险Systematic Risk供股Right Issue供股Right Issue供股权Rights固定资产Fixed Asset定息债券Fixed Income Securities所有普通股指数All-Ordinaries Index招股书Prospectus拋空Short Sale拆出利率Offer Rate注资Asset Injection沽空Short Sale波浪理论Wave Theory波幅V olatility股市指数Stock Index股份回购Share Buyback/Repurchase股息Dividend股票市场Stock Market股票孖展Share Margin股东股本利益Shareholer’s Equity金管局Hong Kong Monetary Authority阻力区Resistance Level阻力线Resistance Line信贷评级机构Credit Rating Institution按金户口指数备兑证Index Covered Warrants柱状图Bar Chart流动比率Current Ratio流动负债Current Liabilities流动资产Current Asset相反理论Contrarian Theory美国联邦贴现率Federal Discount Rate背驰Divergence衍生工具Derivatives限价盘Limit Order香港银行同业拆息Hong Kong Interbank Offer Rate (HIBOR)恒生一百指数Hang Seng 100 Index恒生中国企业指数Hand Seng China-affiliated Corp Index (HSCCI) 恒生中资企业指数Hang Seng China Enterprises Index (HSCEI)恒生五十中型股指数Hang Seng Midcap 50 Index恒生指数Hang Seng Index套戥Arbitrage息率Dividend Yield效率市场假设Efficient Market Hypothesis核数师意见Auditor Opinion消费物价指数Consumer Price Index (CPI)特殊项目Exceptional Items特别成交Special Trade神奇数字Fibonacci Number追击手Raider除息Ex-dividend除净Ex-all除权Ex-right高水Premium停版Limit停牌Suspension商人银行Merchant Banker啤打系数Beta Coefficient基本利率Base Rate球Million Share移动平均线Moving Average第一市场Primary Market第一市场直接批股Direct Placement第二市场Secondary Market通胀Inflation最优惠利率Prime Rate循环理论Cyclical Theory普通股Common Stock期交所Hong Kong Futures Exchange Limited (HKFE) 期权Options期货Futures期货合约Futures Contract程序买卖Programme Trading裂口Gap超买Over Bought超卖Over Sold集资Capital Raising楔形Wedge溢价Premium碎股Odd Lot道氏理论Dow Theory撇帐Provisioning旗形Flag熊市Bear Market碟形底Saucer Bottom碟形顶Saucer Top增长股Growth Stock箱形Box亚当理论Adam's Theory产负债表Balance Sheet伦敦港股London Market for Hong Kong Stocks债券风险溢价Risk Premium for Bonds兑换率Conversion Ratio内幕交易Insider Trading单日转向One-day Reversal单位信托基金Unit Trusts双底Double Bottoms双顶Double Tops国民生产总值Gross National Product (GNP)国企股H Stock国企指数Hang Seng China Enterprises Index国内生产总值Gross Domestic Product (GDP)圆形底Rounding Bottom圆形顶Rounding Top场外交易市场Over-the-Counter (OTC)备兑认股证Covered Warrants备兑证Equity Warrants头肩底Head and Shoulders Bottom头肩顶Head and Shoulders Top实质利率Real Interest Rate对冲Hedge对冲比率Hedge Ratio对冲基金Hedge Fund岛形转向Island Reversal挟仓Cornering the Market损益表Statement of Income换马Switching斩仓Stop Loss热钱Hot Money现金户口Cash Account红股Bonus Share红筹股Red Chip红筹指数Hang Seng China-Affilated Corporation Index 纯利Net Profit线形图Line Chart结算价Final Settlement Price综合财政报表Consolidated Financial Statement联交所Stock Exchange of Hong Kong Limited (SEHK) 联系汇率Linked Exchange Rate营业额Turnover蓝筹股Blue Chip认沽期权Put Options认股证Warrants认购期权Call Options证监会Securities and Futures Commission (SFC)负债比率Debt Ratio财务报表Financial Statement货币政策Monetary Policy货币发行局机制Currency Board System 贴现率Discount Rate贴现窗Discount Window资本增值Capital Gain资本减值Capital Loss资产净值Net Asset value (NA V)资产负债表Balance Sheet转势Reversal银团贷款Syndicated Loans长方形Rectangle长期负债Long-term Liabilities长仓Long Position阴阳烛Candlestick Chart随机走势假设Random Walk Hypothesis 随机走势理论Random Walk Theory随机指数Stochastic风险Risk风险溢价Risk Premium。

基金术语100条

基金术语100条1. 基金（fund）- 一种由投资者共同出资并由专业基金经理管理的投资工具。

2. 资产配置（asset allocation）- 投资组合中不同资产类别的分配比例。

3. 管理费（management fee）- 基金经理为管理投资组合所收取的费用。

4. 申购（subscription）- 投资者购买基金份额的过程。

5. 赎回（redemption）- 投资者出售基金份额的过程。

6. 净值（net asset value）- 每个基金份额的当前市值。

7. 比较基准（benchmark）- 用于衡量基金业绩的参考指标。

8. 收益率（return）- 投资组合的回报率。

9. 分红（dividend）- 基金将收到的股息派发给投资者的过程。

10. 波动率（volatility）- 投资组合的价格波动程度。

11. 前端收费（front-end load）- 投资者购买基金份额时需要支付的费用。

12. 超额收益（excess return）- 基金的实际回报超过比较基准的收益率。

13. 指数基金（index fund）- 追踪特定指数的投资基金。

14. 交易费（transaction fee）- 投资者进行买卖交易时需要支付的费用。

15. 年化收益率（annualized return）- 投资组合的平均年回报率。

16. 投资组合（portfolio）- 由多种资产类别组成的投资组合。

17. 资本增值（capital appreciation）- 投资组合价值的增加。

18. 收益风险比（return-risk ratio）- 投资组合的预期回报率与相应风险的比例。

19. 长期投资（long-term investment）- 投资者长期持有投资组合的策略。

20. 短期投资（short-term investment）- 投资者短期持有投资组合的策略。

21. 分散化（diversification）- 投资组合包含不同资产类别以降低风险。

常用证券业务名词中英文对照

常用证券业务名词中英文对照ADR（American Depositary Receipt ）美国存托凭证存托凭证（Depository Receipts,简称DR），又称存券收据或存股证．是指在一国证券市场流通的代表外国某一有价证券的可转让凭证，属公司融资业务范畴的金融衍生丁具。

美同存托凭证（ADR）是面向美国投资者发行并在美国证券市场交易的存托凭证。

Block trading 大宗交易所谓大宗交易，是指证券单笔买卖申报达到交易所规定的数额规模时，交易所采用的与通常交易方式不同的交易方式。

而所谓与通常交易方式不同的交易方式，即在证券交易过程中，不采用实行价格优先、时间优先的集中竞价交易原则，而以协商一致作为达成大宗交易的手段。

Capital appreciation funds 资本增值型基金寻求最大限度的资本增值，红利不是主要目标。

包括积极成长型基金、成长型基金、部门基金等。

CEPA（Closer Economic Partnership Arrangement）内地和香港关于建立更紧密经贸关系的安排CEPA是适应近年来香港经济结构调整和经济转型的迫切需要，中央政府支持香港经济发展的又一重大举措，CEPA主要内容有两点：一是零关税政策，内地将自2004年1月1日起，对原产香港进口金额较大的273个税目的产品实行零关税。

内地将不迟于2006年1月1日对以上273种以外原产香港的进口货物实行零关税，但须事先由特区政府核定产品确实在港生产，并由双方核定产品清单和确定原产地标准；二是内地向香港进一步开放服务业，包括医疗、金融、零售、法律、运输、影视等诸多行业，在部分行业，基本上将港资视同为内资，比如说货代业务就比照内资企业运作。

CDR（Chinese Depositary Receipt）中国预托证券CDR是境外注册并上市的公司在中国内地上市集资的一种方式，投资者购买后就相当于购买了该上市公司的股票。

私募股权英语词汇(Private Equity Glossary)

Updated 9/9/02Private Equity Glossary“A” round – a financing event whereby venture capitalists become involved in a fast growth company that was previously financed by founders and/or angels.Accredited investor – a person or legal entity, such as a company or trust fund, that meets certain net worth and income qualifications and is considered to be sufficiently sophisticated to make investment decisions in complex situations. Regulation D of the Securities Act of 1933 exempts accredited investors from protection under the Securities Act. Typical qualifications for a person are: $1 million net worth and annual income exceeding $200,000 individually or $300,000 with a spouse. Directors and executive officers are considered to be accredited investors.Alternative asset class – a class of investments that includes private equity, real estate, and oil and gas, but excludes publicly traded securities. Pension plans, college endowments and other relatively large institutional investors typically allocate a certain percentage of their investments to alternative assets with an objective to diversify their portfolios.Angel – a wealthy individual that invests in companies in relatively early stages of development. Usually angels invest less than $1 million per startup. The typical angel-financed startup is in concept or product development phase.Anti-dilution – a contract clause that protects an investor from a substantial reduction in percentage ownership in a company due to the issuance by the company of additional shares to other entities. The mechanism for making adjustments is called a Ratchet.“B” round – a financing event whereby professional investors such as venture capitalists are sufficiently interested in a company to provide additional funds after the “A” round of financing. Subsequent rounds are called “C”, “D” and so on.Best efforts offering – a commitment by a syndicate of investment banks to use best efforts to ensure the sale to investors of a company’s offering of securities. In a best efforts offering, the syndicate avoids any firm commitment for a specific number of shares or bonds.This document was developed by Professor Colin Blaydon and Professor Fred Wainwright as a basis for class discussion rather thanto illustrate either effective or ineffective management. The authors gratefully acknowledge the support of the Foster Center For Private Equity.Copyright Colin C. Blaydon, 2001, 2002. All rights reserved.Beta Product – a product that is being tested by potential customers prior to being formally launched into the marketplace.Blow-out round – see Cram-down round.Board of directors – a group of individuals, typically composed of managers, investors and experts, which have a fiduciary responsibility for the well being and proper guidance of a corporation. The board is elected by the shareholders.Boat anchor – a person, project or activity that hinders the growth of a company.Book – see Private placement memorandum.Bootstrapping – the actions of a startup to minimize expenses and build cash flow, thereby reducing or eliminating the need for outside investors.Bridge financing – temporary funding that will eventually be replaced by permanent capital from equity investors or debt lenders. In venture capital, a bridge is usually a short term note (6 to 12 months) that converts to preferred stock. Typically, the bridge lender has the right to convert the note to preferred stock at a price that is a 20% discount from the price of the preferred stock in the next financing round.See Wipeout bridge and Hamburger Helper bridge.Broad-based weighted average ratchet - a type of anti-dilution mechanism. A weighted average ratchet adjusts downward the price per share of the preferred stock of investor A due to the issuance of new preferred shares to new investor B at a price lower than the price investor A originally received. Investor A’s preferred stock is repriced to a weighted average of investor A’s price and investor B’s price. A broad-based ratchet uses all common stock outstanding on a fully diluted basis (including all convertible securities, warrants and options) in the denominator of the formula for determining the new weighed average price. See Narrow-based weighted average ratchet.Burn rate – the rate at which a startup with little or no revenue uses available cash to cover expenses. Usually expressed on a monthly or weekly basis.Business plan – a document that describes a new concept for a business opportunity. A business plan typically includes the following sections: executive summary, market need, solution, technology, competition, marketing, management, operations and financials.Buyout – a sector of the private equity industry. Also, the purchase of a controlling interest of a company by an outside investor (in a leveraged buyout) or a management team (in a management buyout).Buy-sell agreement – a contract that sets forth the conditions under which a shareholder must first offer his or her shares for sale to the other shareholders before being allowed to sell to entities outside the company.C corporation – an ownership structure that allows any number of individuals or companies to own shares. A C corporation is a stand-alone legal entity so it offers some protection to its owners, managers and investors from liability resulting from its actions. Capital call – when a private equity fund manager (usually a “general partner” in a partnership) requests that an investor in the fund (a “limited partner”) provide additional capital. Usually a limited partner will agree to a maximum investment amount and the general partner will make a series of capital calls over time to the limited partner as opportunities arise to finance startups and buyouts.Capitalization table – a table showing the owners of a company’s shares and their ownership percentages. It also lists the forms of ownership, such as common stock, preferred stock, warrants and options.Capital gains – a tax classification of investment earnings resulting from the purchase and sale of assets. Typically, an investor prefers that investment earnings be classified as long term capital gains (held for a year or longer), which are taxed at a lower rate than ordinary income.Capital stock – a description of stock that applies when there is only one class of shares. This class is known as “common stock”.Capped participating preferred stock – preferred stock whose participating feature is limited so that an investor cannot receive more than a specified amount. See Participating preferred stock.Carried interest – a share in the profits of a private equity fund. Typically, a fund must return the capital given to it by limited partners plus any preferential rate of return before the general partner can share in the profits of the fund. The general partner will then receive a 20% carried interest, although some successful firms receive 25%-30%. Also known as “carry” or “promote.”Catch-up – a clause in the agreement between the general partner and the limited partners of a private equity fund. Once the limited partners have received a certain portion of their expected return, the general partner can then receive a majority of profits until the previously agreed upon profit split is reached.Change of control bonus – a bonus of cash or stock given by private equity investors to members of a management group if they successfully negotiate a sale of the company for a price greater than a specified amount.Clawback – a clause in the agreement between the general partner and the limited partners of a private equity fund. The clawback gives limited partners the right to reclaim a portion of disbursements to a general partner for profitable investments based on significant losses from later investments in a portfolio.Closing – the conclusion of a financing round whereby all necessary legal documents are signed and capital has been transferred.Collateral – hard assets of the borrower, such as real estate or equipment, for which a lender has a legal interest until a loan obligation is fully paid off.Commitment – an obligation, typically the maximum amount that a limited partner agrees to invest in a fund.Common stock – a type of security representing ownership rights in a company. Usually, company founders, management and employees own common stock while investors own preferred stock. In the event of a liquidation of the company, the claims of secured and unsecured creditors, bondholders and preferred stockholders take precedence over common stockholders. See Preferred stock.Comparable – a publicly traded company with similar characteristics to a private company that is being valued. For example, a telecommunications equipment manufacturer whose market value is 2 times revenues can be used to estimate the value of a similar and relatively new company with a new product in the same industry. See Liquidity discount.Control – the authority of an individual or entity that owns more than 50% of equity in a company or owns the largest block of shares compared to other shareholders.Consolidation – see Rollup.Conversion – the right of an investor or lender to force a company to replace the investor’s preferred shares or the lender’s debt with common shares at a preset conversion ratio. A conversion feature was first used in railroad bonds in the 1800’s.Convertible debt – a loan which allows the lender to exchange the debt for common shares in a company at a preset conversion ratioConvertible preferred stock – a type of stock that gives an owner the right to convert to common shares of stock. Usually, preferred stock has certain rights that common stock doesn’t have, such as decision-making management control, a promised return on investment (dividend), or senior priority in receiving proceeds from a sale or liquidation of the company. Typically, convertible preferred stock automatically converts to common stock if the company makes an initial public offering (IPO). Convertible preferred is the most common tool for private equity funds to invest in companies.Convertible security – a security that gives its owner the right to exchange the security for common shares in a company at a preset conversion ratio. The security is typically preferred stock, warrants or debt.Co-sale right- the right that gives the investor a contractual right to sell some of the investor’s stock along with the founder’s stock if the founder elects to sell stock to a third-party.Cost of revenue – the expenses generated by the core operations of a company.Covenant – a legal promise to do or not do a certain thing. For example, in a financing arrangement, company management may agree to a negative covenant, whereby it promises not to incur additional debt. The penalties for violation of a covenant may vary from repairing the mistake to losing control of the company.Cram down round – a financing event upon which new investors with substantial capital are able to demand and receive contractual terms that effectively cause the issuance of sufficient new shares by the startup company to significantly reduce (“dilute”) the ownership percentage of previous investors..Cumulative dividends – the owner of preferred stock with cumulative dividends has the right to receive accrued (previously unpaid) dividends in full before dividends are paid to any other classes of stock.Current ratio – the ratio of current assets to current liabilities.Deal flow – a measure of the number of potential investments that a fund reviews in any given period.Debt service – the ratio of a loan payment amount to available cash flow earned during a specific period. Typically lenders insist that a company maintain a certain debt service ratio or else risk penalties such as having to pay off the loan immediately.Default – a company’s failure to comply with the terms and conditions of a financing arrangement.Defined benefit plan – a company retirement plan in which both the employee and the employer contribute to the plan. Typically the plan is based on the employee’s salary and number of years worked. Fixed benefits are outlined when the employee retires. The employer bears the investment risk and is committed to providing the benefits to the employee. Defined benefit plan managers can invest in private equity funds.Defined contribution plan – a company retirement plan in which the employee elects to contribute some portion of his or her salary into a retirement plan, such as a 401(k) or 403(b). With this type of plan, the employee bears the investment risk. The benefits depend solely on the amount of money made from investing the employee’s contributions. Defined contribution plan capital cannot be invested in private equity funds.Demand rights – a type of registration right. Demand rights give an investor the right to force a startup to register its shares with the SEC and prepare for a public sale of stock (IPO).Dilution – the reduction in the ownership percentage of current investors, founders and employees caused by the issuance of new shares to new investors.Dilution protection – see Anti-dilution and Ratchet.Direct costs – see Cost of revenue.Disbursement – an investment by a fund in a company.Discount rate – the interest rate used to determine the present value of a series of future cash flows.Discounted cash flow (DCF) – a valuation methodology whereby the present value of all future cash flows expected from a company is calculated.Distribution – the transfer of cash or securities to a limited partner resulting from the sale, liquidation or IPO of one or more portfolio companies in which a general partner chose to invest.Dividends – regular payments made by a company to the owners of certain securities. Typically, dividends are paid quarterly, by approval of the board of directors, to owners of preferred stock.Down round – a round of financing whereby the valuation of the company is lower than the value determined by investors in an earlier round.Drag-along rights – the contractual right of an investor in a company to force all other investors to agree to a specific action, such as the sale of the company.Drive-by VC – a venture capitalist that only appears during board meetings of a portfolio company and rarely offers advice to management.Due diligence – the investigatory process performed by investors to assess the viability of a potential investment and the accuracy of the information provided by the target company.Early stage – the state of a company after the seed (formation) stage but before middle stage (generating revenues). Typically, a company in early stage will have a core management team and a proven concept or product, but no positive cash flow.Earnings before interest and taxes (EBIT) – a measurement of the operating profit of a company. One possible valuation methodology is based on a comparison of private and public companies’ value as a multiple of EBIT.Earnings before interest, taxes, depreciation and amortization (EBITDA) – a measurement of the cash flow of a company. One possible valuation methodology is based on a comparison of private and public companies’ value as a multiple of EBITDA.Earn out- an arrangement in which sellers of a business receive additional future payments, usually based on financial performance metrics such as revenue or net income.Elevator pitch – a concise presentation, lasting only a few minutes (an elevator ride), by an entrepreneur to a potential investor about an investment opportunity.Employee Stock Ownership Program (ESOP) – a plan established by a company to reserve shares for long-term incentive compensation for employees.Equity – the ownership structure of a company represented by common shares, preferred shares or unit interests. Equity = Assets – Liabilities.ESOP – see Employee Stock Ownership Program.Evergreen fund – a fund that reinvests its profits in order to ensure the availability of capital for future investments.Exit strategy – the plan for generating profits for owners and investors of a company. Typically, the options are to merge, be acquired or make an initial public offering (IPO). Expansion stage – the stage of a company characterized by a complete management team and a substantial increase in revenues.Fairness opinion – a letter issued by an investment bank that charges a fee to assess the fairness of a negotiated price for a merger or acquisition.Firm commitment - a commitment by a syndicate of investment banks to purchase all the shares available for sale in a public offering of a company. The shares will then be resold to investors by the syndicate.Flipping – the act of selling shares immediately after an initial public offering. Investment banks that underwrite new stock issues attempt to allocate shares to new investors that indicate they will retain the shares for several months. Often management and venture investors are prohibited from selling IPO shares until a “lock-up period” (usually 6 to 12 months) has expired.Founder – a person who participates in the creation of a company. Typically, founders manage the company until it has enough capital to hire professional managers.Founders stock – nominally priced common stock issued to founders, officers, employees, directors, and consultants.Friends and family financing – capital provided by the friends and family of founders of an early stage company. Founders should be careful not to create an ownership structure that may hinder the participation of professional investors once the company begins to achieve success.Full ratchet – an anti-dilution protection mechanism whereby the price per share of the preferred stock of investor A is adjusted downward due to the issuance of new preferred shares to new investor B at a price lower than the price investor A originally received. Investor A’s preferred stock is repriced to match the price of investor B’s preferred stock. Usually as a result of the implementation of a ratchet, company management and employees who own a fixed amount of common shares suffer significant dilution. See Narrow-based weighted average ratchet and Broad-based weighted average ratchet. Fully diluted basis – a methodology for calculating any per share ratios whereby the denominator is the total number of shares issued by the company on the assumption that all warrants and options are exercised and preferred stock.Fund-of-funds – a fund created to invest in private equity funds. Typically, individual investors and relatively small institutional investors participate in a fund-of-funds to minimize their portfolio management efforts.Gatekeepers- intermediaries which endowments, pension funds and other institutional investors use as advisors regarding private equity investments.General partner (GP) – a class of partner in a partnership. The general partner retains liability for the actions of the partnership. In the private equity world, the GP is the fund manager while the limited partners (LPs) are the institutional and high net worth investors in the partnership. The GP earns a management fee and a percentage of profits (see Carried interest).GP – see General partner.Grossing up – an adjustment of an option pool for management and employees of a company which increases the number of shares available over time. This usually occurs after a financing round whereby one or more investors receive a relatively large percentage of the company. Without a grossing up, managers and employees would suffer the financial and emotional consequences of dilution, thereby potentially affecting the overall performance of the company.Growth stage – the state of a company when it has received one or more rounds of financing and is generating revenue from its product or service. Also known as “middle stage.”Hamburger helper – a colorful label for a traditional bridge loan that includes the right of the bridge lender to convert the note to preferred stock at a price that is a 20% discount from the price of the preferred stock in the next financing round.Hart-Scott-Rodino Act – a law requiring entities that acquire certain amounts of stock or assets of a company to inform the Federal Trade Commission and the Department of Justice and to observe a waiting period before completing the transaction.Harvest – to generate cash or stock from the sale or IPO of companies in a private equity portfolio of investments.Hockey stick – the general shape and form of a chart showing revenue, customers, cash or some other financial or operational measure that increases dramatically at some point in the future. Entrepreneurs often develop business plans with hockey stick charts to impress potential investors.Hot issue – stock in an initial public offering that is in high demand.Hurdle rate – a minimum rate of return required before an investor will make an investment.Incorporation – the process by which a business receives a state charter, allowing it to become a corporation. Many corporations choose Delaware because its laws are business-friendly and up to date.Incubator – a company or facility designed to host startup companies. Incubators help startups grow while controlling costs by offering networks of contacts and shared backoffice resources.Initial public offering (IPO) – the first offering of stock by a company to the public. New public offerings must be registered with the Securities and Exchange Commission. An IPO is one of the methods that a startup that has achieved significant success can use to raise additional capital for further growth. See Qualified IPO.Inside round – a round of financing in which the investors are the same investors as the previous round. An inside round raises liability issues since the valuation of the company has no third party verification in the form of an outside investor. In addition, the terms of the inside round may be considered self-dealing if they are onerous to any set of shareholders or if the investors give themselves additional preferential rights. Institutional investor – professional entities that invest capital on behalf of companies or individuals. Examples are: pension plans, insurance companies and university endowments.Internal rate of return (IRR) – the interest rate at which a certain amount of capital today would have to be invested in order to grow to a specific value at a specific time in the future.Investment thesis / Investment philosophy – the fundamental ideas which determine the types of investments that an investment fund will choose in order to achieve its financial goals.IPO – see Initial public offering.IRR – see Internal rate of return.Issuer – the company that chooses to distribute a portion of its stock to the public.Junior debt – a loan that has a lower priority than a senior loan in case of a liquidation of the asset or borrowing company. Also known as “subordinated debt”.Later stage – the state of a company that has proven its concept, achieved significant revenues compared to its competition, and is approaching cash flow break even or positive net income. Typically, a later stage company is about 6 to 12 months away from a liquidity event such as an IPO or buyout. The rate of return for venture capitalists that invest in later stage, less risky ventures is lower than in earlier stage ventures.LBO – see Leveraged buyout.Lead investor – the venture capital investor that makes the largest investment in a financing round and manages the documentation and closing of that round. The lead investor sets the price per share of the financing round, thereby determining the valuation of the company.Letter of intent – a document confirming the intent of an investor to participate in a round of financing for a company. By signing this document, the subject company agrees to begin the legal and due diligence process prior to the closing of the transaction. Also known as a “Term Sheet”.Leverage – the use of debt to acquire assets, build operations and increase revenues. By using debt, a company is attempting to achieve results faster than if it only used its cash available from pre-leverage operations. The risk is that the increase in assets and revenues does not generate sufficient net income and cash flow to pay the interest costs of the debt.Leveraged buyout (LBO) – the purchase of a company or a business unit of a company by an outside investor using mostly borrowed capital.Limited liability company (LLC) – an ownership structure designed to limit the founders’ losses to the amount of their investment. An LLC does not pay taxes, rather its owners pay taxes on their proportion of the LLC profits at their individual tax rates. Limited partnership – a legal entity composed of a general partner and various limited partners. The general partner manages the investments and is liable for the actions of the partnership while the limited partners are generally protected from legal actions and any losses beyond their original investment. The general partner receives a management fee and a percentage of profits (see Carried interest), while the limited partners receive income, capital gains and tax benefits.Limited partner (LP) – an investor in a limited partnership. The general partner is liable for the actions of the partnership while the limited partners are generally protected from legal actions and any losses beyond their original investment. The limited partner receives income, capital gains and tax benefits.Liquidation – the selling off of all assets of a company prior to the complete cessation of operations. Corporations that choose to liquidate declare Chapter 7 bankruptcy. In a liquidation, the claims of secured and unsecured creditors, bondholders and preferred stockholders take precedence over common stockholders.Liquidation preference – the contractual right of an investor to priority in receiving the proceeds from the liquidation of a company. For example, a venture capital investor with a “2x liquidation preference” has the right to receive two times its original investment upon liquidation.Liquidity discount – a decrease in the value of a private company compared to the value of a similar but publicly traded company. Since an investor in a private company cannot readily sell his or her investment, the shares in the private company must be valued less than a comparable public company.Liquidity event – a transaction whereby owners of a significant portion of the shares of a private company sell their shares in exchange for cash or shares in another, usually larger company. For example, an IPO is a liquidity event.Lock-up agreement – investors, management and employees often agree not to sell their shares for a specific time period after an IPO, usually 6 to 12 months.By avoiding large sales of its stock, the company has time to build interest among potential buyers of its shares.LP – see Limited partner.Management buyout (MBO) – a leveraged buyout controlled by the members of the management team of a company or a division.Management fee – a fee charged to the limited partners in a fund by the general partner. Management fees in a private equity fund typically range from 0.75% to 3% of capital under management, depending on the type and size of fund.Management rights – the rights often required by a venture capitalist as part of the agreement to invest in a company. The venture capitalist has the right to consult with management on key operational issues, attend board meetings and review information about the company’s financial situation.Market capitalization – the value of a publicly traded company as determined by multiplying the number of shares outstanding by the current price per share.MBO – see Management buyout.Mezzanine – a layer of financing that has intermediate priority (seniority) in the capital structure of a company. For example, mezzanine debt has lower priority than senior debt but usually has a higher interest rate and often includes warrants. In venture capital, a mezzanine round is generally the round of financing that is designed to help a company have enough resources to reach an IPO.Middle stage – the state of a company when it has received one or more rounds of financing and is generating revenue from its product or service. Also known as “growth stage.”Multiples – a valuation methodology that compares public and private companies in terms of a ratio of value to an operations figure such as revenue or net income. For example, if several publicly traded computer hardware companies are valued at approximately 2 times revenues, then it is reasonable to assume that a startup computer hardware company that is growing fast has the potential to achieve a valuation of 2 times its revenues. Before the startup issues its IPO, it will likely be valued at less than 2 times revenue because of the lack of liquidity of its shares. See Liquidity discount.Narrow-based weighted average ratchet – a type of anti-dilution mechanism. A weighted average ratchet adjusts downward the price per share of the preferred stock of investor A due to the issuance of new preferred shares to new investor B at a price lower than the price investor A originally received. Investor A’s preferred stock is repriced to a weighed average of investor A’s price and investor B’s price. A narrow-based ratchet uses only common stock outstanding in the denominator of the formula for determining the new weighed average price.NDA – see Non-disclosure agreement.Non-compete – an agreement often signed by employees and management whereby they agree not to work for competitor companies or form a new competitor company within a certain time period after termination of employment.。

金融行业中英文词汇对照汇总

金融行业中英文词汇对照汇总在金融行业中，掌握和了解中英文词汇的对照非常重要。

本文将汇总一些常见的金融行业词汇，以便读者可以更好地理解和运用这些术语。

1. 金融市场•Financial Market（金融市场）•Stock Market（股票市场）•Bond Market（债券市场）•Foreign Exchange Market（外汇市场）•Commodity Market（商品市场）•Derivatives Market（衍生品市场）2. 金融产品•Stocks（股票）•Bonds（债券）•Mutual Funds（共同基金）•ETFs (Exchange-Traded Funds)（交易所交易基金）•Options（期权）•Futures（期货）•Swaps（掉期协议）•Currencies（货币）•Commodities（商品）3. 金融机构•Bank（银行）•Commercial Bank（商业银行）•Investment Bank（投资银行）•Central Bank（中央银行）•Insurance Company（保险公司）•Brokerage Firm（经纪公司）•Asset Management Company（资产管理公司）4. 财务指标•Net Income（净利润）•Revenue（营业收入）•Expenses（费用）•Assets（资产）•Liabilities（负债）•Equity（股东权益）•Return on Investment（投资回报率）•Profit Margin（利润率）•Cash Flow（现金流）•Earnings per Share（每股收益）5. 金融服务•Banking Services（银行服务）•Investment Services（投资服务）•Insurance Services（保险服务）•Financial Planning（财务规划）•Wealth Management（财富管理）•Risk Management（风险管理）•Retirement Planning（退休规划）•Tax Services（税务服务）6. 金融专业名词•Economics（经济学）•Finance（金融学）•Accounting（会计学）•Portfolio Management（投资组合管理）•Asset Allocation（资产配置）•Risk Assessment（风险评估）•Hedge Fund（对冲基金）•Interest Rate（利率）•Inflation（通胀）•Capital（资本）7. 国际金融相关词汇•International Monetary Fund（国际货币基金组织）•World Bank（世界银行）•Export（出口）•Import（进口）•Balance of Trade（贸易差额）•Foreign Direct Investment（外国直接投资）•Exchange Rate（汇率）•Trade Surplus（贸易顺差）•Trade Deficit（贸易逆差）•Sovereign Debt（主权债务）以上仅为一些常见的金融行业中英文词汇对照，读者可以根据需要进一步扩充和学习。

你知道基金常见中英词汇嘛

基金/对冲基金投资常见词汇定息基金 Fixed-income Fund承受风险能力 Risk Tolerance注册地 Domicile沽空 Short Selling波幅 Volatility股份 Share股息分派 Dividened Distributions股票基金 Equity Fund表现费 Performance Fees阿尔法系数 Alpha非认可基金 Unauthorised Fund信托人 Trustee保本对冲基金 Capital Guaranteed Hedge Funds封闭式基金 Closed-end Fund界定利益计划 Defined Benefit Plan界定供款计划 Defined Contribution Plan基金公会 HKIFA基金经理 Fund Manager可换股债券套戥 Convertible Bond Arbitrage另类投资 Alternative Investment市场中立 Market Neutral平均成本效益 Dollor-cost Averaging再投资 Reinvestment合并套戥 Merger Arbitrage地区基金 Regional Fund如计划为伞子基金 Umbrella Fund有限责任 Limited Liability自愿性供款 Voluntary Contributions行业/主题基金 Sector/Theme Fund价值型管理 value主动式管理 Active ManagementCalmar 比率 Calmar RatioSharpe比率 Sharpe RatioSortino比率 Sortino Ratio入息基金 Income Fund子基金 Baby Funds/Underlying Funds已调整风险回报 Risk-adjusted Return互惠基金 Mutual Fund公积金计划 Pension Plan分散投资 Diversification主要经纪 Prime Broker均衡基金 Balanced Funds投资年期 Time Horizon投资组合 Portfolio投资顾问 Investment Adviser杠杆 Leverage/Gearing杠杆借贷比率 Leverage Ratio每日估值 Daily Valuation每年回报 Annual Return供款 Contribution受压 / 濒临破产的证券 Distressed Securities 定息工具套戥 Fixed Income Arbitrage基金销售文件 Prospectus基准 Benchmarks被动式管理 Passive Management离岸基金 Offshore Fund最大跌幅 Maximum Drawdown揣测最佳时机 Market Timing期货管理型基金 Managed Futures短仓 /淡仓 Short Position跌势差 Downside Deviation雇主供款 Employer Contribution雇员供款 Employee Contribution新高价 High-On-High Basis新兴市场 Emerging Markets新兴市场基金 Emerging Markets Fund管理费 ManagemantFee增长和收入基金 Growthand Income Fund严格评估 Due Diligence买入价 Bid Price买卖差价 Bid-offer Spread传统基金 Traditional Fund债券基金 Bond Fund单一对冲基金 Single Strategy Hedge Fund 单位 Unit单位信托基金 Unit Trust卖出价 Offer Price奖励费 Incentive Fees环球基金 Global Fund绝对回报 Absolute Return认可基金 Authorised Funds认沽期权 Put Option/Put认股权证基金 Warrant Fund认购期权 Call Option/Call证券借出 Stock Lending贝他系数 Beta资产分配 Asset Allocation资产净值 NetAsset value-NAV赎回 Redemption赎回通知期 Redemption Notice Period赎回费 Redemption Fee赎回费 / 买入费 Redemption Price / Bid Price进取型的投资管理 Aggressive Growth进取型增长基金 Aggressive Growth Fund长 / 短仓持股 Long/Short Equity长仓 / 好仓 / 持货 Long Position预设回报率 Hurdle Rate相关系数 Correlation重大事件主导的投资 Event Driven/Special Situations 首次认购费 Front-end Fee套戥 Arbitrage效率前缘 Efficient Frontier高收益 High Yield对冲 Hedge对冲基金 Hedge Fund对冲基金的基金 Fund Of Hedge Funds (FoHFs)对冲基金指引 Hedge Funds Guidelines开放式基金 Open-end Fund强制性供款 Mandatory Contributions强积金 Mandatory Provident Fund Scheme-MPF总回报 Total Return标准差 Standard Deviation毕苏期权定价模式 Black-Scholes环球宏观 Macro Funds。

私募和并购常用词汇表以及解释

A Glossary of the Most CommonPrivate Equity/M&A/LBO Legal DocumentsBy Ken Fagan, MBAA freelance French to English Private Equity Legal TranslatorDocument PurposeAllotment letter In the case of a capital increase of a quotedfirm, this is the letter sent to theshareholders to inform them of their rights(to subscribe for the increase, sell warrants,etc.)Acquisition agreement Document defining the acquisitionagreement between the target and thebuyer. This document contains all of theacquisition’s terms and conditions for thetwo parties: exchange of securities,payment in cash by the relevant due datesand clauses covering the continuedpresence of the shareholders in the newcapital.Asset purchase agreement Agreement further to which one or more purchasers buy assets and taken on certainliabilities (related to the purchased assets)from one or more sellers.Book (or “Sale Memorandum”) The selling document that is prepared by the investment bank retained on behalf of abusiness seller (vendor) It describes thebusiness to be sold and will be circulated toa (usually restricted) group of potentialpurchasers, who will typically include atleast 2 or 3 buyout houses.By-laws (of a private equity fund) In addition to the general provisions thatdescribe the fund’s objectives and the legal,accounting and financial requirements, theby-laws include the terms of themanagement agreement specific to eachfund.Co-investment agreement An agreement that sets out the terms onwhich several parallel vehicles comprisinga fund (each suiting a different class ofinvestor) may or may not invest in parallel.Commitment Letter (or “MandateLetter”)A letter from the bank(s) to the borrowersetting out the basis on which the bank(s)will, in principle, make debt facilitiesavailable to the borrower and on whatterms.Disclosure letter The document sent by the seller (and/or the guarantors) to the beneficiary of the Reps &Warranties in which the seller definesexceptions to the representations of saidReps & Warranties and to which it will notbe possible to apply the Reps & WarrantiesFees letters Both senior and mezzanine lenders willenter into fees letters with Newco that setout the terms of the arrangement,underwriting, commitment and other feespayable for the provision of the senior andmezzanine debt.Information memorandum (and/or“Placing memorandum”)This document is drawn up once theGeneral Partner is satisfied that there isdemand for its product (fund). It describesthe offering and its terms in detail Sets outthe key attributes of a company, usuallyassociated with soliciting buyers orinvestors.Inter-creditor agreement Agreement entered into between, among others, borrowers, secured creditors, intragroupcreditors and investors to regulate asbetween each other the priority of theirsecurity and claims and, more generally, ofany payment due to them by the borrowersunder the finance documentsInvestment agreement Otherwise known as the “shareholder agreement” or the “subscriptionagreement”.Letter of Intent The letter submitted to the seller by a potential buyer to indicate the latter’sintention to acquire the target or to lookinto the possibility of acquiring the target,subject, in general, to the performance ofcertain due diligence and audits needed todetermine and/or refine the price offered.The seller is often asked to countersign theLetter of Intent in order to authorise thepotential buyer to carry out audits and tocovenant to offer it exclusive negotiationrights.Limited Partnership Agreement(“LPA”)The document used to form the LPMaster agreement In an acquisition transaction involvingmore than one country, refers to the masteragreement to be adapted or applied in eachcountry concerned, in accordance withlocal rules (ex. All countries in which theacquired group has subsidiaries).Mezzanine subscription agreement A subscription agreement to which are attached the terms and conditions of themezzanine bonds.Memorandum of Understanding(“MOU”)A pre-sale draft agreement entered intobetween the seller and the potential buyer,defining the outline, the main terms and theprincipal conditions in which the sale couldtake place.Offering Memorandum (“OM”) A document issued by or on behalf of a PE firm with the object of raising money fromthe investment community. Also referred toas the Private Placement Memorandum.Non-disclosure agreement (“NDA”) An undertaking to keep proprietary information confidential.Private Placement Memorandum(“PPM”)See “Offering memorandum” (“OM”).Prospectus [IPO] A prospectus is essentially an invitation oroffer to the public to subscribe for or buythe securities of a company. A prospectusmust contain all relevant information aboutthe company making the IPO, and must beRepurchase agreement An agreement in which a holder of sharesagrees that the person from whom itpurchased the securities may repurchasethem in certain events.Sale and purchase agreement (“S&P”or“SPA”)The principal document that sets out themain terms and conditions of the sale andpurchase of a company or business andallocation of the risk associated betweenthe buyer and seller.Sale Memorandum (see “Book’) See “Book”Senior Loan Agreement Typically a syndicated agreement between several banks setting forth the terms of thesenior loan and senior revolving creditfacility and will usually include a guaranteeobligation for each obligor to guarantee theindebtedness of other members of the group(if any).Service agreements Employment contracts that govern the relationship between management teammembers and the company.Shareholder loan instrument Newco will establish the terms and conditions of the shareholder bonds, settingout the terms of the shareholder bonds thatthe private equity house will subscribe forin order to supply a substantial part of the“equity” of the transaction.Shareholders agreement Agreement setting out the terms of the fund’s participation’s (including, thenumber of shares to be acquired, price to bepaid, rights attaching and restrictions andcovenants to be placed on the portfoliocompany.Subscription agreement Agreement pursuant to which one or more investors undertake to subscribe to andwhereby the competent corporate body (orthe members thereof) undertakes to decide(or to vote in favour of), an upcoming issueby one or more target companies of shares,bonds, warrants or other financialinstruments to such investors. It will set outthe type and amount of instruments to beissued, the representations & warranties,the indemnification in the event ofmisrepresentation and may also include post-closing covenants. Term Sheet A document prepared by the investor,setting out the proposed terms of theinvestment. It is not legally binding butdoes represent a serious intent to invest.Trust indenture This document constitutes the high yield bonds themselves and empowers the trusteeto act as trustee on behalf of thenoteholders.w ww.。

证券、基金及投资类英文词汇

主动式管理 Active ManagementCalmar ⽐率 Calmar RatioSharpe⽐率 Sharpe RatioSortino⽐率 Sortino Ratio⼊息基⾦ Income Fund⼦基⾦ Baby Funds/Underlying Funds已调整风险回报 Risk-adjusted Return互惠基⾦ Mutual Fund公积⾦计划 Pension Plan分散投资 Diversification主要经纪 Prime Broker可换股债券套戥 Convertible Bond Arbitrage另类投资 Alternative Investment市场中⽴ Market Neutral平均成本效益 Dollor-cost Averaging再投资 Reinvestment合并套戥 Merger Arbitrage地区基⾦ Regional Fund如计划为伞⼦基⾦ Umbrella Fund有限责任 Limited Liability⾃愿性供款 Voluntary Contributions⾏业/主题基⾦ Sector/Theme Fund价值型管理 value均衡基⾦ Balanced Funds投资年期 Time Horizon投资组合 Portfolio投资顾问 Investment Adviser杠杆 Leverage/Gearing杠杆借贷⽐率 Leverage Ratio每⽇估值 Daily Valuation每年回报 Annual Return供款 Contribution受压 / 濒临破产的证券 Distressed Securities定息⼯具套戥 Fixed Income Arbitrage定息基⾦ Fixed-income Fund承受风险能⼒ Risk Tolerance注册地 Domicile沽空 Short Selling波幅 Volatility股份 Share股息分派 Dividened Distributions股票基⾦ Equity Fund表现费 Performance Fees阿尔法系数 Alpha⾮认可基⾦ Unauthorised Fund信托⼈ Trustee保本对冲基⾦ Capital Guaranteed Hedge Funds 封闭式基⾦ Closed-end Fund界定利益计划 Defined Benefit Plan界定供款计划 Defined Contribution Plan相关系数 Correlation重⼤事件主导的投资 Event Driven/Special Situations ⾸次认购费 Front-end Fee套戥 Arbitrage效率前缘 Efficient Frontier⾼收益 High Yield基⾦公会 HKIFA基⾦经理 Fund Manager基⾦销售⽂件 Prospectus基准 Benchmarks被动式管理 Passive Management离岸基⾦ Offshore Fund跌幅 Maximum Drawdown揣测时机 Market Timing期货管理型基⾦ Managed Futures短仓 /淡仓 Short Position跌势差 Downside Deviation雇主供款 Employer Contribution雇员供款 Employee Contribution新⾼价 High-On-High Basis新兴市场 Emerging Markets新兴市场基⾦ Emerging Markets Fund管理费 ManagemantFee增长和收⼊基⾦ Growthand Income Fund严格评估 Due Diligence买⼊价 Bid Price买卖差价 Bid-offer Spread传统基⾦ Traditional Fund债券基⾦ Bond Fund单⼀对冲基⾦ Single Strategy Hedge Fund单位 Unit单位信托基⾦ Unit Trust卖出价 Offer Price奖励费 Incentive Fees对冲 Hedge对冲基⾦ Hedge Fund对冲基⾦的基⾦ Fund Of Hedge Funds (FoHFs)对冲基⾦指引 Hedge Funds Guidelines开放式基⾦ Open-end Fund强制性供款 Mandatory Contributions强积⾦ Mandatory Provident Fund Scheme-MPF总回报 Total Return标准差 Standard Deviation毕苏期权定价模式 Black-Scholes环球宏观 Macro Funds环球基⾦ Global Fund绝对回报 Absolute Return认可基⾦ Authorised Funds认沽期权 Put Option/Put认股权证基⾦ Warrant Fund认购期权 Call Option/Call证券借出 Stock Lending贝他系数 Beta资产分配 Asset Allocation资产净值 NetAsset value-NAV赎回 Redemption赎回通知期 Redemption Notice Period赎回费 Redemption Fee赎回费 / 买⼊费 Redemption Price / Bid Price进取型的投资管理 Aggressive Growth进取型增长基⾦ Aggressive Growth Fund长 / 短仓持股 Long/Short Equity长仓 / 好仓 / 持货 Long Position预设回报率 Hurdle RateCAC-40 Index 法国巴黎CAC-40指数Dow Jones industrial average（DJIA）道琼斯⼯业指数Frankfurt DAX Index 德国法兰克福DAX指数London's FTSE 100 英国伦敦⾦融时报指数NASDAQ，National Association of Securities Deal Automated Quotations 那斯达克英Nikkei Index ⽇经指数NYSE，New York Stock Exchange 纽约证券交易所Paris Bourse 巴黎证券交易所the Russell 2000 拉塞尔2000指数the Standard and Poor's 500 标准普尔500指数英a bear market熊市a bull market⽜市bench mark指标blue chip绩优股bonus share 红股英component index成份指数convertible bond可转换债券core / non-core assets 核⼼/⾮核⼼资产corporate bond　企业债券debt-for-equity swap 债权转股权英deceptive accounting 虚假帐务earning report 业绩报表financial irregularities /improprieties ⾦融违规⾏为financial reorganization ⾦融重组financial statement 财务报表英fund custodian bank　基⾦托管银⾏fund manager　基⾦经理/管理公司high-tech sector⾼科技板块income statement 损益表industrial stock⼯业股票英inflate profits 虚报盈利listed company / delisted company 上市公司/被摘牌的公司record high （股票指数）创历史新⾼red chips红筹股return on equity股本回报率英share, equity, stock 股票、股权bond, debenture, debts 债券negotiable share 可流通股份convertible bond 可转换债券treasury /government bond 国库券/政府债券英corporate bond 企业债券closed-end securities investment fund 封闭式证券投资基⾦open-end securities investment fund 开放式证券投资基⾦fund manager 基⾦经理/管理公司fund custodian bank 基⾦托管银⾏英market capitalization 市值p/e (price/earning) ratio 市盈率mark-to-market 逐⽇盯市payment versus delivery 银券交付clearing and settlement 清算/结算英commodity/financial derivatives 商品/⾦融衍⽣产品put / call option 看跌/看涨期权margins, collateral 保证⾦rights issue/offering 配股bonus share 红股英dividend 红利/股息ADR(American Depository Receipt)美国存托凭证/存股证GDR(Global Depository Receipt) 全球存托凭证/存股证retail / private investor 个⼈投资者/散户institutional investor 机构投资者英broker/dealer 券商proprietary trading ⾃营insider trading/dealing 内幕交易market manipulation 市场操纵prospectus招股说明书英IPO(Initial Public Offering)新股/初始公开发⾏merger and acquisition收购兼并the big board ⼤盘the ups and downs of the stock market股市⾏情treasury/government bond　国库券/政府债券英Wall Street华尔街windfall profit暴利英。

基金常用英语词汇

基金常用词汇套戥Arbitrage效率前缘Efficient Frontier高收益High Yield基金公会HKIFA基金经理Fund Manager基金销售文件Prospectus基准Benchmarks被动式管理Passive Management离岸基金Offshore Fund最大跌幅Maximum Drawdown揣测最佳时机Market Timing期货管理型基金Managed Futures短仓/淡仓Short Position跌势差Downside Deviation雇主供款Employer Contribution雇员供款Employee Contribution新高价High-On-High Basis新兴市场Emerging Markets新兴市场基金Emerging Markets Fund管理费ManagemantFee增长和收入基金Growthand Income Fund严格评估Due Diligence买入价Bid Price买卖差价Bid-offer Spread传统基金Traditional Fund债券基金Bond Fund单一对冲基金Single Strategy Hedge Fund单位Unit单位信托基金Unit Trust卖出价Offer Price奖励费Incentive Fees对冲Hedge对冲基金的基金Fund Of Hedge Funds (FoHFs) 对冲基金指引Hedge Funds Guidelines开放式基金Open-end Fund强制性供款Mandatory Contributions强积金Mandatory Provident Fund Scheme-MPF 总回报Total Return标准差Standard Deviation毕苏期权定价模式Black-Scholes环球宏观Macro Funds环球基金Global Fund绝对回报Absolute Return认可基金Authorised Funds认沽期权Put Option/Put认股权证基金Warrant Fund认购期权Call Option/Call证券借出Stock Lending贝他系数Beta资产分配Asset Allocation资产净值Net Asset value-NAV赎回Redemption赎回通知期Redemption Notice Period赎回费Redemption Fee赎回费/ 买入费Redemption Price / Bid Price 进取型的投资管理Aggressive Growth进取型增长基金Aggressive Growth Fund长/ 短仓持股Long/Short Equity长仓/ 好仓/ 持货Long Position预设回报率Hurdle Rateh主动式管理Active ManagementCalmar 比率Calmar RatioSharpe比率Sharpe RatioSortino比率Sortino Ratio入息基金Income Fund子基金Baby Funds/Underly ing Funds已调整风险回报Risk-adjusted Return公积金计划Pension Plan分散投资Diversification主要经纪Prime Broker可换股债券套戥Convertible Bond Arbitrage 另类投资Alternative Investment市场中立Market Neutral平均成本效益Dollor-cost Averaging再投资Reinvestment合并套戥Merger Arbitrage地区基金Regional Fund如计划为伞子基金Umbrella Fund有限责任Limited Liability自愿性供款Voluntary Contributions行业/主题基金Sector/Theme Fund价值型管理value均衡基金Balanced Funds投资年期Time Horizon投资组合Portfolio投资顾问Investment Adviser杠杆Leverage/Gearing杠杆借贷比率Leverage Ratio每日估值Daily Valuation每年回报Annual Return供款Contribution受压/ 濒临破产的证券Distressed Securities 定息工具套戥Fixed Income Arbitrage定息基金Fixed-income Fund承受风险能力Risk Tolerance注册地Domicile沽空Short Selling波幅Volatility股份Share股息分派Dividened Distributions股票基金Equity Fund表现费Performance Fees阿尔法系数Alpha非认可基金Unauthorised Fund信托人Trustee保本对冲基金Capital Guaranteed Hedge Funds封闭式基金Closed-end Fund界定利益计划Defined Benefit Plan界定供款计划Defined Contribution Plan相关系数Correlation重大事件主导的投资Event Driven/Special Situations首次认购费Front-end Fee教你如何用WORD文档(2012-06-27 192246)转载▼标签：杂谈1. 问：WORD 里边怎样设置每页不同的页眉？如何使不同的章节显示的页眉不同？答：分节，每节可以设置不同的页眉。

私募基金词汇中英文

安永金融服务转让定价C –私募基金的定义及概念下文中的术语可能被用于安永对私募基金转让定价的陈述中。

应注意的是，这些术语的定义仅为提供背景资料，其中某些术语的定义专用于转让定价。

当用于其它场合时，该术语或许会有不同的解释。

此外，业内不同当事方对于某些术语的理解存在轻微的差异，我们在此提供的仅仅是较为常用的释义。

术语定义管理资产规模(AUM) (Assets Under Management ) 管理资产规模指投资人交付给基金而由基金经理所管理的资产的货币价值。

资本(Capital) 是指基金所持有的用于投资的资本额。

附带权益(Carried Interest) 附带权益是向私募基金普通合伙人支付的，以基金利润的一定股份比例计算的一种绩效激励。

附带权益可以基于整个基金计算（取决于基金经理对整个基金全部投资组合的收益），也可以基于单个投资计算（取决于投资经理代表基金经理所进行的单个投资所取得的收益）。

交易搜索(Deal Sourcing) 是指对潜在投资机会的发现和确认。

尽职调查(Due Diligence) 是指对潜在投资机会的调查或者稽核，通常包括对投资目标的运作、财务和税务方面所作的尽职调查。

基金经理(Fund Manager) 基金经理持有跟基金所签署的投资管理合同，负责提供投资管理服务。

通常，基金经理会把许多职能外包给关联方，但仍保留作为基金经理的信托责任。

普通合伙人(General Partner) 私募基金管理公司的管理合伙人对于有限合伙企业的债务和其他义务负有无限责任，同时，其有权参与该有限合伙企业的管理。

普通合伙人是资本投资者与寻求资本以获得发展的企业二者之间的中间人。

高水平线(High-WaterMark)是指基金经理为了获得附带权益而必须达到的基金收益目标。

投资顾问(Investment Advisor) 投资顾问受基基金经理委派，扮演投资建议提供者的角色。

投资顾问通常承担交易搜获和尽职调查的职责。

股市专业术语英语翻译

股市专业术语英语翻译熊市和牛市Bear market;Bull market Bear有赤裸的意思大盘market index散户retail investor或者private investor被套quilt cover割肉不知道，你看看下面有没有哈share,equity,stock股票、股权bond,debenture,debts债券negotiable share可流通股份convertible bond可转换债券treasurygovernment bond国库券政府债券corporate bond企业债券closed-end securities investment fund封闭式证券投资基金open-end securities investment fund开放式证券投资基金fund manager基金经理管理公司fund custodian bank基金托管银行market capitalization市值pe ratio市盈率(priceearning)mark-to-market逐日盯市payment versus delivery银券交付clearing and settlement清算结算commodityfinancial derivatives商品金融衍生产品put call option看跌看涨期权margins,collateral保证金rights issueoffering配股bonus share红股dividend红利股息ADR美国存托凭证存股证(American Depository Receipt) GDR全球存托凭证存股证(Global Depository Receipt) retailprivate investor个人投资者散户institutional investor机构投资者brokerdealer券商proprietary trading自营insider tradingdealing内幕交易market manipulation市场操纵prospectus招股说明书IPO新股初始公开发行(Initial Public Offering) merger and acquisition收购兼并All Ordinaries Index（澳大利亚）股市指数Amex(American Stock Exchange)美国股票交易所amortize摊提，分期偿还债务annuity年金享受权asking price卖主的开叫价assess对（财产等）进行估价，确定（款项）的金额back拖欠的bad loan呆账，坏账bailout帮助……摆脱困境balloon（分期付款中）最后数目特大的一笔barometer晴雨表，[喻]标记，指标basis point基点（一个百分点的百分之一）bear markets熊市blue-chip（股票等）热门的，（在同行中）最赚钱的forex foreign exchangebond债券，公债bourse交易所，证券交易所bull markets牛市bullish牛市的bunji-change快速的大幅度变化CAC-40Index（法国）股市指数CD(certificate-of-deposit)大额存款单Chicago Mercantile Exchange芝加哥商业交易所Consumer Price Index消费者价格指数contagion蔓延correction调整coupon rate券根利率CTA(Commodities Trading Advisor)农矿产品交易顾问Currency board货币委员会DAX index（法兰克福）德国股市指数dead loan死帐delist从上市证券表中除名derivatives衍生金融商品（由利率或债券、外汇或汇率以及股票或股价指数等现货市场衍生出来，主要有期货futures、期权option trading与掉期swap三种类型，品种多达100余种。

投融资术语英语对比1、BP（Bu...

投融资术语英语对比1、BP（Bu...投融资术语英语对比1、BP（Business Plan）：商业计划书2、Road show：路演3、QFII（Qualified Foreign Institutional Investor）：合格的境外机构投资者4、QDII（Qualified Domestic Institutional Investor）：合格的境内机构投资者5、PE（Private Equity）：私募股权投资6、VC（venture capital）：风险投资7、P/E ratio（Price earnings ratio）：市价盈利比率，简称市盈率8、PB（Price/Book value）：平均市盈率9、EPS（Earnings Per Share）：每股盈余10、historical P/E：历史市盈率11、ROE（Rate of Return on Common Stockholders’ Equity）：净资产收益率12、DCF（Discounted Cash Flow）：现金流折现法13、IPO（Initial Public Offerings）：首次上市，指一家公司首次在股票市场的公开股票发行。

14、LP（Limited Partner）：有限合伙人15、GP（General Partner）：普通合伙人16、A股：人民币普通股票，由我国境内的股份有限公司发行，供境内机构、组织或个人（不含台、港、澳投资者）以人民币认购和交易的普通股股票。

17、B股：人民币特种股票，以人民币标明面值，以外币认购和买卖，在境内（上海、深圳）证券交易所上市交易的。

18、H股：注册地在内陆，上市地在香港的外资股。

19、N股：在纽约上市的股票。

20、S股：在新加坡上市的股票。

21、NASDAQ：纳斯达克22、LOF基金：Listed Open-Ended Fund，上市型开放式基金23、ETF（Exchange traded Fund）：交易性开放式指数基金24、Close-end fund：封闭式基金25、Hedge fund：对冲基金26、金融脱媒：社会融资逐渐由间接融资向直接融资转变的过程27、OTC（Over The Counter）：场外交易市场28、LBO（Leveraged Buy-out）：杠杆收购29、MBO（Management Buy-Outs）：管理者收购30、EBO（Employee Buy-Outs）：员工收购31、EMBO（Employee Management Buy-Outs）：管理层与员工收购32、ESOP（Employee Stock Ownership Plan）：员工持股计划33、AGM （annual general meeting）：年度股东大会34、PPP（Public-Private-Partnership）：公私合作模式35、BOT（build-operate-transfer）：建设—经营—转让36、BOOT（build-operate-own-transfer）：建设-经营-拥有-转让37、BOO（Building-Owning-Operation）：建设、拥有、运营38、BT（Build-Transfer）：建设-转让39、TOT（Transfer-Operate- Transfer）：移交－经营－移交40、ABS（Asset-Backed-Securieization）：资产证券化41、SPC（Special Purpose Corpration）：特别用途公司42、PFI（Private Finance Initiative）：民间主动融资43、URM（User Reimbursement Model）：使用者付费模式44、shadow tolling：影子收费融资模式45、DBFO(Design-Build-Finance-Operate)：设计-建设-融资-运营#理财#。