证券投资中英文对照术语

《证券投资学》英文词汇

实物资产real assets

金融资产financial assets

资产负债表balance sheet

现金流量表statement of cash flows

损益表income statement

会计收入accounting earnings

帐面价值book value

流动比率current ratio

速动比率quick ratio

酸性测试比率acid test ratio

资产周转率asset turnover (ATO)

应收帐款平均收款期或应收天数average collection period or day’s receivvables 积极管理active management

积极型资产组合active portfolio

美式期权、欧式期权American depository \ European depository

看涨期权call option

看跌期权put option

套利arbitrage

套利定价理论arbitrage pricing theory

资产配置决策asset allocation decision

资本配置决策capital allocation decision

银行贴现收益率bank discount yield

银行承兑汇票banker’s acceptance

基差basis

基差风险basis risk

二叉树模型binomial model

布莱克舒尔斯顶界公式Black-Scholes formula

大宗交易block transactions

普通股common stock

优先股preferred stock

债券bond

面值par value

公司债券corporate bonds

可赎回债券callable bond

可卖回债券put bond

可转换债券convertible bond

信用债券或无担保债券debenture or unsecured bond

现金/债券选择cash \ bond selection

经纪人市场brokered market

佣金经纪人commission broker

牛市、熊市bullish \ bearish

经济周期business cycle

赎回保护期call protection

资本利得capital gains

资本市场capital market

资本市场线capital market line (CML)

现金交割cash delivery

现金等价物cash equivalents

清算所clearinghouse

交易所exchanges

股票交易所stock exchanges

场外交易市场over-the-counter market

抵押品collateral

有担保的抵押债务collateralized mortgage obligation

封闭型（共同）基金closed-end (mutual) fund

整个资产组合complete portfolio

固定增长模型constant growth model

或有债权contingent claim

交叉持股cross holdings

经常项目current account

衍生资产derivative asset

衍生证券derivative security

红利折现模型discounted dividend model (DDM)

红利支付率dividend payout ratio

可分散风险diversifiable risk

分散化diversification

有效分散化efficient diversification

道氏理论Dow theory

久期duration

有效率边界efficient frontier

欧洲美元Eurodollars

超额收益excess return

名义利率nominal interest rate

真实利率real interest rate

实际复利realized compound yield

汇率exchange rate

汇率风险exchange rate risk

(利率的)预期假定expectations hypothesis (of interest rates) 预期收益expected return

面值face value

因素模型factor model

金融资产financial assets

金融中介financial intermediary

财政政策fiscal policy

固定收益证券fixed-income security

浮动利率债券floating-rate bond

外汇市场foreign exchange market

外汇互换foreign exchange swap

利率互换interest rate swap

远期合约forward contract

远期利率forward interest rate

期货合约futures contract

期货期权futures option

期货价格futures price

基本面分析fundamental analysis

套期保值hedging

持有期收益holding-period return

指数模型index model

指数期权index option

通货膨胀inflation

首次公开发行initial public offering

内部信息inside information

内幕交易insider trading

清偿价值liquidation value

(企业的)内在价值intrinsic value（of a firm）

期权的内在价值intrinsic value of an option

投资银行investment bankers

投资级债券investment-grade bond

垃圾债券junk bond

投资组合investment portfolio

一价定律law of one price

流动性liquidity

流动偏好理论liquidity preference theory

流动性溢价liquidity premium

市场或系统风险market or systematic risk

非系统风险nonsystematic risk

交易所的会员或席位membership or seat on a exchange 最小方差边界minimum-variance frontier

最小方差资产组合minimum-variance portfolio

最优风险资产组合optimal risky portfolio

现代资产组合理论modern portfolio theory (MPT)

资产组合管理portfolio management

货币政策monetary policy

货币市场money market

抵押担保证券mortgage-backed security

转手证券pass-through security

单因素模型single-factor model

单指数模型single-index model

多因素CAPM模型multifactor CAPM