高盛财经词典-英汉对照版

合集下载

高盛英汉财经词典

高盛英汉财经词典中文翻译详情说明/例子Accelerated Depreciation 加快折旧任何基于会计或税务缘故促使一项资产在较早期以较大金额折旧的折旧原那么Accident and Health Benefits 意外与健康福利为职员提供有关疾病、意外受伤或意外死亡的福利。

这些福利包括支付医院及医疗开支以及有关时期的收入。

Accounts Receivable (AR) 应收账款客户应对的金额。

拥有应收账款指公司差不多出售产品或服务但仍未收取款项Accretive Acquisition 具增值作用的收购项目能提高进行收购公司每股盈利的收购项目Acid Test 酸性测试比率一项严谨的测试，用以衡量一家公司是否拥有足够的短期资产，在无需出售库存的情形下解决其短期负债。

运算方法：(现金 + 应收账款 +短期投资)‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾流淌负债Act of God Bond 天灾债券保险公司发行的债券，旨在将债券的本金及利息与天然灾难造成的公司缺失联系起来Active Bond Crowd 活跃债券投资者在纽约股票交易所内买卖活跃的定息证券Active Income 活动收入来自提供服务所得的收入，包括工资、薪酬、奖金、佣金，以及来自实际参与业务的收入Active Investing 积极投资包含连续买卖行为的投资策略。

主动投资者买入投资，并紧密注意其走势，以期把握盈利机会Active Management 积极治理寻求投资回报高于既定基准的投资策略Activity Based Budgeting 以活动为基础的预算案一种制定预算的方法，过程为列举机构内每个部门所有牵涉成本的活动，并确立各种活动之间的关系，然后依照此资料决定对各项活动投入的资源Activity BasedManagement以活动为基础的治理利用以活动为基础的成本运算制度改善一家公司的运营Activity Ratio 活动比率一项用以衡量一家公司将其资产负债表内账项转为现金或营业额的能力的会计比率Actual Return 实际回报一名投资者的实际收益或缺失，可用以下公式表示：预期回报加上公司专门消息及总体经济消息Actuary 精算保险公司的专业人员，负责评估申请人及其医疗纪录，以推测申请人的寿命Acquisition 收购一家公司收购另一家公司的多数股权Acquisition Premium 收购溢价收购一家公司的实际成本与该公司收购前估值之间的差额Affiliated Companies 联营公司一家公司拥有另一家公司少数权益〔低于50%〕的情形，或指两家公司之间存在某些关联Affiliated Person 关联人士能阻碍一家企业活动的人士，包括董事、行政人员及股东等After Hours Trading 收盘后交易要紧大型交易所正常交易时刻以外进行的买卖交易After Tax Operating Income - ATOI 税后营运收入一家公司除税后的总营运收入。

高盛英汉财经词典

English Terms中文翻译详情解释/例子Accelerated Depreciation 加快折旧任何基于会计或税务原因促使一项资产在较早期以较大金额折旧的折旧原则Accident and Health Benefits 意外与健康福利为员工提供有关疾病、意外受伤或意外死亡的福利。

这些福利包括支付医院及医疗开支以及有关时期的收入。

Accounts Receivable (AR) 应收账款客户应付的金额。

拥有应收账款指公司已经出售产品或服务但仍未收取款项Accretive Acquisition 具增值作用的收购项目能提高进行收购公司每股盈利的收购项目Acid Test 酸性测试比率一项严谨的测试，用以衡量一家公司是否拥有足够的短期资产，在无需出售库存的情况下解决其短期负债。

计算方法：(现金 + 应收账款 +短期投资)‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾流动负债Act of God Bond 天灾债券保险公司发行的债券，旨在将债券的本金及利息与天然灾害造成的公司损失联系起来Active Bond Crowd 活跃债券投资者在纽约股票交易所内买卖活跃的定息证券Active Income 活动收入来自提供服务所得的收入，包括工资、薪酬、奖金、佣金，以及来自实际参与业务的收入Active Investing 积极投资包含持续买卖行为的投资策略。

主动投资者买入投资，并密切注意其走势，以期把握盈利机会Active Management 积极管理寻求投资回报高于既定基准的投资策略Activity Based Budgeting 以活动为基础的预算案一种制定预算的方法，过程为列举机构内每个部门所有牵涉成本的活动，并确立各种活动之间的关系，然后根据此资料决定对各项活动投入的资源Activity BasedManagement以活动为基础的管理利用以活动为基础的成本计算制度改善一家公司的运营Activity Ratio 活动比率一项用以衡量一家公司将其资产负债表内账项转为现金或营业额的能力的会计比率Actual Return 实际回报一名投资者的实际收益或损失，可用以下公式表示：预期回报加上公司特殊消息及总体经济消息Actuary 精算保险公司的专业人员，负责评估申请人及其医疗纪录，以预测申请人的寿命Acquisition 收购一家公司收购另一家公司的多数股权Acquisition Premium 收购溢价收购一家公司的实际成本与该公司收购前估值之间的差额Affiliated Companies 联营公司一家公司拥有另一家公司少数权益（低于50%）的情况，或指两家公司之间存在某些关联Affiliated Person 关联人士能影响一家企业活动的人士，包括董事、行政人员及股东等After Hours Trading 收盘后交易主要大型交易所正常交易时间以外进行的买卖交易After Tax Operating Income - ATOI 税后营运收入一家公司除税后的总营运收入。

高盛金融词汇英汉详解词典(92页)

Actual Return Actuary
实际回报精算
一名投资者的实际收益或损失，可用以下公式表示：预期回报加上公司特殊消息及总体经济消息保险公司的专业人员，负责评估申请人及其医疗纪录，以预测申请人的寿命
Activity Based Budgeting
Activity Based Management Activity Ratio
APICS Business Outlook Index
Appraisal
APICS（美国生产及库存控制协议）商业前景指数价值评估
美国全国性制造业指数，每月对多家制造业企业进行调查。若指数高于50，表示行业正在扩展，若低于50，则表示行业正在萎缩
对一项物业或业务价值的意见
Anti-takeover Statute Anti-trust Any and All Bid
Arbitrage Pricing Theory 套汇定价理论 (APT)
Arbitrage Bond
套汇债券
市政府在市政府现有高评级证券买回日期前发行的低评级债务证券
Arbitrage
套汇
同时买入及卖出证券，意图从差价中获利，在一般于不同的交易所或市场进行买卖
Appreciation
升值
资产价值上升
Arbitration
仲裁
Arbitrage Trading Program 套汇交易理论 (ATP)
是资本资产定价模式以外的另一个选择，主要分别在于其假设及对资产相关风险因素的诠释同时买入股票指数期货及相关股份的交易计划，旨在从差价中获利（市场套汇）
对争议的非正式听证，其间一组由公正委员会选出的人士（一般为三名）对争议作出裁判。在做出判决会，不设进一步上诉的机制一项产品的买方与卖方独立进行交易，互相之间并无任何关系

高盛金融词汇英汉详解词典(92页)

出售或买入期权的行使价格乘以合约金额
Agency Securities
机构证券
Hale Waihona Puke 由美国政府支持的企业发行的低风险债务
Agency Cross Agency Problem
交叉代理人代理问题
一项由一名代理人同时代表买方与卖方的交易，也称为撍卮砣藬("Dual Agency" 。债券人、股东及管理人员因目标不同而产生的利益冲突
以活动为基础的预算案以活动为基础的管理活动比率
一种制定预算的方法，过程为列举机构内每个部门所有牵涉成本的活动，并确立各种活动之间的关系，然后根据此资料决定对各项活动投入的资源利用以活动为基础的成本计算制度改善一家公司的运营
一项用以衡量一家公司将其资产负债表内账项转为现金或营业额的能力的会计比率
客户应付的金额。拥有应收账款指公司已经出售产品或服务但仍未收取款项
Accelerated Depreciation Accident and Health Benefits
意外与健康福利为员工提供有关疾病、意外受伤或意外死亡的福利。这些福利包括支付医院及医疗开支以及有关时期的收入。
加快折旧
任何基于会计或税务原因促使一项资产在较早期以较大金额折旧的折旧原则
APICS Business Outlook Index
Appraisal
APICS（美国生产及库存控制协议）商业前景指数价值评估
美国全国性制造业指数，每月对多家制造业企业进行调查。若指数高于50，表示行业正在扩展，若低于50，则表示行业正在萎缩
对一项物业或业务价值的意见
Anti-takeover Statute Anti-trust Any and All Bid

高盛财经词典—英汉对照

高盛财经词典—英汉对照American Depository Share (ADS) 美国存托股份根据存托协议发行的股份，代表发行企业在本土上市的股票American Option 美式期权可在有效期间随时行使的期权American Stock Exchange 美国股票交易所美国第三大股票交易所，位于纽约，处理美国交易证券总额的10%Amortization 摊销在一段期间分期偿还债务在一个特定时期资本开支的减少。

与类似相似，是一种衡量长期资产，例如设备或建筑物在特定期间价值的消耗Analyst 分析员具备评估投资专长的金融专业人员，一般受聘于证券行、投资顾问机构或共同基金。

分析员对不同的证券作出买入、卖出或持有的建议。

为了提供全面的研究分析，分析员一般会专注于不同的行业或经济板块Angel Investor 天使投资者向小型初始企业或创业者提供创业资金的财务投资者Annualize 年度化 1. 将不足一年的回报率转为全年回报率2. 将不足一年的税务期转为每年一度Annual General Meeting (AGM) 年度股东大会必须每年举行一次的股东会议，指在向股东通报公司的决策与工作Annual Report 年报一家公司每年一度的财务营运报告。

年报的内容包括资产负债表、损益表、审计师报告以及公司业务的概要Annuity 年金在特定期间定期定额支付的款项Annuity Due 即付年金需要即时支付，而不是在期末支付的年金Anti-dilution Provision 反摊薄条款期权或可转换证券的一项条款，用以保障投资者，不会由于未来公司以较低价格（低于有关投资者支付的价格）发行股份而被摊薄Anti-takeover Measure 反收购措施企业管理人员长期或不时采取，防止或延迟被恶意收购的措施Anti-takeover Statute 反收购法规旨在防止或延迟恶意收购的一套美国法规。

《高盛财经词典》汉英对照

《高盛财经词典》汉英对照A中文术语英文术语英文解释安静申请Quiet Filing The name given to an IPO filing where important details areintentionally excluded. Sent to the SEC in order to begin the processof issuing a new security, these details must be submitted throughamendments. This form of filing generally takes longer than theconventional methods.安全投资转移Flight to Quality When investors move their capital to the safest possible investmentvehicle. It is usually caused by uncertainty in the financial markets. 按比例Pro Rata Used to describe a proportionate allocation.B中文术语英文术语英文解释巴黎俱乐部Paris Club A monthly meeting, taking place in Paris, between the creditors of19 countries for the purpose of discussing debt issues. Among otherthings, the Paris Club addresses the issue of coordinated debt relieffor developing countries that cannot service their debt.白皮书White Paper An informational document issued by companies trying to promoteor highlight the significance of a planned product or service白武士White Knight A company that makes a friendly takeover offer for the control of atarget company that is being faced with a hostile takeover from aseparate party.白象White Elephant Any investment that nobody wants because it is a money loser.半可变因素Semi-Variable Cost A cost composed of a mixture of fixed and variable components.Costs are fixed for a set level of production or consumption,becoming variable after the level is exceeded.半年Semi-annual An event that occurs twice in a calendar year.保管人Custodian A financial institution that has the legal responsibility for acustomer's securities. This implies management as well assafekeeping.保管帐户Custodial Account 1. An account created at a bank, brokerage firm or mutual fundcompany that is managed by an adult for a minor that is under theage of 18 to 21 (depending on state legislation).保护主义Protectionism Actions taken by a government to prevent imports from destroyingdomestic producers.保荐人Sponsor 1.In the context of mutuals, an underwriting company thatoffers shares in its mutual funds.2.In the context of stocks, an influential investor who createsdemand for a security because of their positive outlook on it.保留管理层的收购项目Management Buyin(MBI)When a group of investors outside of a company purchase acontrolling block of shares and keep the existing management.保留盈余R/E The percentage of net earnings not paid out in dividends, butretained by the company to be reinvested in its core business or topay debt. It is recorded under shareholders equity on the balancesheet.Calculated by adding net income to (or subtracting any net lossesfrom) beginning retained earnings and subtracting any dividendspaid to shareholders.保留盈余Retained Earnings The percentage of net earnings not paid out in dividends, butretained by the company to be reinvested in its core business or topay debt. It is recorded under shareholders equity on the balancesheet.保收债券Cushion Bond A type of callable bond that sells at a premium because the issuedcoupon payments are above market interest rates保证金、按金Margin Account 1.The use of borrowed money to purchase securities, referredto as "buying on margin."2.The amount of equity contributed by a customer as apercentage of the current market value of the securities heldin a margin account.3.In a general business context, margin refers to thedifference between selling price and the cost of goods sold. 贝塔系数Beta (Coefficient) The measure of systematic risk of a security. Beta (or betacoefficient) is a means of measuring the volatility of a security orportfolio of securities in comparison with the market as a whole.备考、模拟Pro Forma A latin term that translates into "for the sake of form." In theinvesting world, the term describes a method of calculating financialresults in order to emphasize either current or projected figures.备考盈利Pro Forma Earnings Earnings that are derived by pro forma rather than standard GAAPmethods.背对背贷款Back-to-Back Loan A loan where two companies in different countries borrow offsettingamounts in each other's currency. The purpose of this transaction isto hedge against currency fluctuations.被动投资Passive Investing? An investment strategy involving limited ongoing buying andselling actions. Passive investors will purchase investments with theintention of long-term appreciation and limited maintenance.倍数Multiple Another term for the price/earnings ratio, which is calculated bydividing a stock's current price by the company's current annualearnings per share.倍数压缩Multiple Compression Arises when a stock trades at a certain multiple and, while earningsmay be good, the stock price doesn't move or sometimes goes down.The result is that the multiple is reduced even though nothing is fundamentally wrong with the company. The valuation has been called into question and the multiple that you are willing to pay for that stock is the only thing different.本金、[企业]主要负责人、[交易]当事人Principal 1.The amount borrowed or the amount still owed on a loan,separate from interest.2.The original amount invested, separate from earnings.3.The face value of a bond.4.The owner of a private company.5.The main party to a transaction, acting as either a buyer orseller for his/her own account and risk.本年迄今YTD The period beginning January 1st of the current year up until today'sdate本年迄今Year To Date (YTD) The period beginning January 1st of the current year up until today'sdate本票Promissory Note A written, dated, and signed two-party instrument containing anunconditional promise by the maker to pay a definite sum of moneyto a payee on demand or at a specified future date.本债比Gearing This is the ratio of long-term funds with fixed interest that makes upa firm's capital.比例税Proportional Tax An income tax that takes the same percentage of income fromeveryone regardless of how much (or little) an individual earns.必付合约Take or Pay A provision, written into a contract, whereby one party has theobligation of either taking delivery of goods or paying a specifiedamount.避风港Safe Harbor 1. A legal provision to reduce or eliminate liability as long asgood faith is demonstrated.2. A form of shark repellant where a target company acquiresa business that is so poorly regulated that the target itself isless attractive. In effect, this gives the target company a"safe harbor."3.An accounting method that avoids legal or tax regulationsand allows for a simpler (usually) method of determining atax consequence than is available following the preciselanguage of the tax code.避税乐园Tax Haven A country that offers individuals and businesses little or no taxliability.边际税率Marginal Tax Rate The amount of tax paid on an additional dollar of income. Asincome rises, so does the tax rate.边际效用Marginal Utility The additional satisfaction obtained by a consumer from consumingone more unit of a good or service.贬值Devaluation Lowering the value of a country's currency compared to the value ofa commodity or to the value of another country's currency.变动率ROC One of two principal clearing houses for securities traded in the Euromarkets. 变动率Rate of Change (ROC) The speed at which a variable changes over a specific period of time. 标准差 Standard Deviation1. A measure of the dispersion of a set of data from its mean.The more spread apart the data is, the higher the deviation.2. In finance, standard deviation is applied to the annual rateof return of an investment to measure the investment'svolatility (risk). 标准普尔 S&P (Standard And Poor's) A company that rates stocks and corporate and municipal bondsaccording to risk profiles. Additionally, Standard and Poor'sproduces and tracks the S&P indexes, and publishes a variety offinancial and investment reports.标准普尔 S&P A company that rates stocks and corporate and municipal bondsaccording to risk profiles. Additionally, Standard and Poor'sproduces and tracks the S&P indexes, and publishes a variety offinancial and investment reports.标准普尔500 S&P500 An index consisting of 500 stocks chosen for market size, liquidity,and industry group representation. It is a market-value weightedindex, with each stock's weight in the index proportionate to itsmarket value表现超越大市 Market Outperform An analyst recommendation meaning a stock is expected to doslightly better than the market return.表现超越大市 Outperform An analyst recommendation meaning a stock is expected to doslightly better than the market return.表现股票 Performance Shares Shares of company stock that are given to managers only if certainperformance criteria is met.表现落后大市 Underperform An analyst recommendation that means a stock is expected to doslightly worse than the market return波动性 Volatility 1. In general, volatility is a statistical measure of the tendencyof a market or security to rise or fall sharply within a shortperiod of time. Volatility is typically calculated by usingvariance or annualized standard deviation of the price or return.2. Volatility is a variable that appears in option pricingformulas. In the option pricing formula, it denotes theextent to which the the return of the underlying asset willfluctuate between now and the expiration of the option.表现最佳承销商 Bulge Bracket The group of firms in an underwriting syndicate who sold the largestamount of the issue.补偿买进 Buy-In When an investor is forced to repurchase shares because the sellerdid not deliver the securities in a timely fashion, or did not deliverthem at all.不可抗力 Force Majeure Literally translated as "great force," this clause is included incontracts to remove liability for unforeseen events restrictingparticipants from fulfilling obligations.不可买回 Non-Callable Securities that cannot be called by the issuer prior to maturity.不良贷款 Bad Debt A debt which is not collectable and therefore worthless to thecreditor.不良贷款NPL Loans that are in default or close to being in default. 不良资产Non-Performing Asset Any asset that is not effectively producing income. 不良贷款Non-Performing Loan Loans that are in default or close to being in default. 不能变现Illiquid An asset or security that cannot be converted into cash very quickly (or near prevailing market prices). 部分还款Paydown The process of repaying a portion of an outstanding loan balance.C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500Fortune 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 moreif they have more assets. The premise is that when the value ofequities 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 indexmeasures wealth intuitively as returns exceeding shareholder's costof capital.财富效应Wealth Effect The "wealth effect" refers to the propensity of people to spend moreif they have more assets. The premise is that when the value ofequities 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 offinancial/investment advice, accounting/tax services, andlegal/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 firmthrough financial statements issued to external users on a periodicbasis.财务会计标准委员会 Financial Accounting Standards Board - (FASB) Designated as the organization for establishing standards offinancial accounting and reporting. FASB standards govern thepreparation 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 macroeconomicconditions. These policies affect tax rates, interest rates, andgovernment spending, in an effort to control the economy.CAMELS 评级制度 CAMELS Rating System An international bank-rating system with which bank supervisoryauthorities rate institutions according to six factors. The six areasexamined are represented by the acronym "CAMELS."参考比率 Reference Rate The underlying index or rate upon which a floating-rate security isbased.残值 Salvage Value The estimated value that an asset will realize upon its sale at the endof its useful life.长城 Chinese Wall A slang term for the division within a brokerage firm that preventsinsider information from being handed out by corporate advisers toinvestment 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 Assets1. Reported on the balance sheet, it's the value of a company'sproperty, equipment, and other capital assets, lessdepreciation.2. A stock, bond, or other asset that you plan on holding inyour 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 capitalavailable (the sum of long term debt, preferred stock, andstockholders' equity).长期债务 Long Term Debt A ratio indicating the financial leverage of a firm. It is calculated bytaking a company's long term debt and dividing by the capitalavailable (the sum of long term debt, preferred stock, andstockholders' 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 meetlong-term obligations.偿付能力、资力Solvency The ability of a corporation to meet both its long-term fixedexpenses and to have adequate money for long-term expansion andgrowth.偿还债务Repayment 1.The payment of a debt obligation prior to its due date.2.The excess payment over a scheduled debt repaymentamount.偿债基金Sinking Fund A means of repaying funds advanced through a bond issue. Theissuer makes periodic payments to a trustee, who retires part of theissue 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 officialexchanges have closed.场外交易证券OTC A security which is not traded on an exchange, usually due to aninability to meet listing requirements. For such securities,brokers/dealers negotiate directly with one another over computernetworks and by phone. The NASD carefully monitors theiractivities.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 additionalshares 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 thenumber 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 ofselling that has occurred is greater than the fundamentals justify.成本基础Cost Basis The purchase price after commissions or other expenses. Cost basisis used to calculate capital gains or losses when the security iseventually sold.成本协同效益Cost Synergy In the context of mergers, cost synergy is the savings in operatingcosts expected after two companies, who compliment each other'sstrengths, join.承销价差Underwriting Spread The spread between the amount received by underwriters from thepublic offering price and the amount underwriters pay to the issuingcompany for the securities承销团Syndicate A group of bankers, insurers, etcetera, who work together on a largeproject.承销团 Underwriting 1. The process by which investment bankers raise investmentcapital from investors on behalf of corporations andgovernments that are issuing securities (both equity anddebt).2. The process of issuing insurance policies 乘数效应 Multiplier Effect The expansion of a country's money supply that results from thecollective of member banks being able to lend more money thanthey take in.承继人 Heir A person who inherits some or all of the estate of a recentlydeceased person. The legal successor is usually selected becausethey are related to the deceased by a direct bloodline or have beendesignated 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 tocontinue to operate. If a company is not a going concern, it meansthe 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 asufficient amount of securities to satisfy the accepted benchmark ofthe 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 asincome 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 asimilar asset.出口 Export In reference to international trade, these are goods shipped from onecountry 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 1. An option contract giving the owner the right, but not theobligation, to sell a specified amount of an underlyingsecurity at a specified price within a specified time.2. 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 sharefor an agreed price, on or before a specified date.出账、销账 Charge Off 1. A debt that is deemed uncollectable and written off. Alsoknown as a bad debt.2. A one time expense incurred by a company that negativelyaffects earnings.初级市场 Primary Market The market in which investors have the first opportunity to buy anewly issued security.除权、不带新股认股权Ex-RightsThe 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 capitalgains.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-WarrantThe trading of shares when a warrant has been declared, but notdistributed. 创业基金 Venture Capital Fund Venture capital funds pool and manage money from investorsseeking private equity stakes in small and medium-size enterpriseswith strong growth potential. 创业基金投资者 Venture Capitalist An investor who provides capital to either start-up ventures orsupport small companies who wish to expand but do not have accessto 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 smallbusinesses 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 hasa smaller market capitalization.次级证券 Junior Security A security that ranks below others in regards to claim on assets andincome.从属债务 Subordinated Debt A loan (or security) that ranks below other loans (or securities) withregard to claims on assets or earnings.存款证 CDA savings certificate entitling the bearer to receive interest. A CDbears a maturity date, a specified interest rate, and can be issued inany 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 CDbears a maturity date, a specified interest rate, and can be issued inany denomination. CDs are generally issued by commercial banks.存款、按金 Deposit 1. A transaction involving a transfer of funds to another partyfor safekeeping.2. A portion of funds that is used as security or collateral forthe delivery of a good. 存托公司 Depository Trust Company (DTC) One of the world's largest securities depositories, it holds in excessof $10 trillion worth of securities in custody. The DTC acts like aclearing 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 5clearing corporations and 1 depository, making it the world's largestfinancial services corporation dealing in post trade transactions.存托凭证Depository Receipt A negotiable financial instrument issued by a bank to represents aforeign company's publicly traded securities. The depository receipttrades on a local stock exchange.D中文术语英文术语英文解释大宗交易Block Trade The sale or purchase of a large quantity of securities. 呆账准备金Allowance For Doubtful Accounts An estimation made by companies and documented on their balance sheet for receivables that might go uncollected. 代理人Agent An organization, such as a bank or trust company, that takes responsibility for the fiscal duties of an unrelated party. 代理委托书 Proxy A formal document signed by a shareholder to authorize anothershareholder, or commonly the company's management, to vote theholder's shares at the annual meeting.代理问题 Agency Problem When conflicts of interest rise between creditors, shareholders, andmanagement, because of differing goals.贷款 LoanWhen a lender gives money or property to a borrower, and theborrower agrees to return the property or repay the borrowed moneyalong with interest, at a predetermined date in the future. 贷款损失准备金Loan Loss Provision An expense set aside as an allowance for bad loans (customer defaults, or terms of a loan have to be renegotiated, etc). 贷款银团Loan Syndication The process of involving numerous different lenders in providing various portions of a loan. 贷款与价值比率Loan to Value Ratio A lending risk ratio calculated by dividing the total amount for the mortgage or loan by the appraised value of the property. 带领权 Drag Along Rights A right that enables a majority shareholder to force a minorityshareholder to join in the sale of a company. The majority ownerdoing the dragging must give the minority share holder the sameprice, terms, and conditions as any other seller. 担保人 Guarantor A person that guarantees to pay for someone else's debt if theydefault on their loan obligation.单纯期权 Vanilla Option An normal option with no special or unusual features.单位数量，整份股 Board Lot A term used when describing a standard number of shares in tradingstocks, usually 100.单位信托 Unit Trust (UT) An un-incorporated mutual fund structure that allows funds to holdassets and pass through profits to the individual owners, rather thanreinvest profits back into the fund.单一业务 Pure Play A company devoted to one line of business, or a company whosestock price is highly correlated with the fortunes of a specificinvesting theme or strategy.到价 At the MoneyAn option is at-the-money if the strike price of the option equals themarket price of the underlying security.到价 In the Money For a call option, in-the-money is when the option's strike price isbelow the market price of the underlying stock. For a put option,in-the-money is when the strike price is above the market price ofthe underlying stock. 到期日 Expiration Date The day on which an options or futures contract is no longer validand, therefore, ceases to exist.到期日期 Maturity Date The date on which a bond's principal or other liability investment isrepaid to the investor and interest payments stop. 到期收益率 YTMThe rate of return anticipated on a bond if it is held until thematurity date. YTM is considered a long term bond yield expressedas an annual rate.The calculation takes into account the current market price, parvalue, coupon interest rate, and time to maturity. It is also assumedthat all coupons are reinvested at the same rate. Sometimes this isreferred to as a bond's "yield" for short. 到期收益率 Yield To Maturity (YTM) The rate of return anticipated on a bond if it is held until thematurity date. YTM is considered a long term bond yield expressedas an annual rate.The calculation takes into account the current market price, parvalue, coupon interest rate, and time to maturity. It is also assumedthat all coupons are reinvested at the same rate. Sometimes this isreferred to as a bond's "yield" for short.道琼斯工业平均指数 DJIAThe Dow Jones Industrial Average is a price-weighted average of 30significant stocks traded on the New York Stock Exchange and theNasdaq. The DJIA was invented by Charles Dow back in 1896. 道琼斯工业平均指数 Dow Jones Industrial Average (DJIA) The Dow Jones Industrial Average is a price-weighted average of 30significant stocks traded on the New York Stock Exchange and theNasdaq. The DJIA was invented by Charles Dow back in 1896.道琼斯公用事业平均指数 DJUAThe Dow Jones Utility Average is a price-weighted average of 15 utility stocks traded in the United States. The DJUA was startedback in 1929.道琼斯公用事业平均指数 Dow Jones Utility Average (DJUA) The Dow Jones Utility Average is a price-weighted average of 15 utility stocks traded in the United States. The DJUA was started back in 1929.道琼斯交通平均指数 DJTA The Dow Jones Transportation Average is a price-weighted averageof 20 transportation stocks traded in the United States. The averagewas started back in 1884.道琼斯交通平均指数 Dow Jones Transportation Average (DJTA) The Dow Jones Transportation Average is a price-weighted averageof 20 transportation stocks traded in the United States. The averagewas started back in 1884.道氏理论 Dow Theory A theory which says the market is in an upward trend if one of itsaverages (industrial or transportation) advances above a previousimportant high, it is accompanied or followed by a similar advance。

高盛财经词典—英汉对照

高盛财经词典—英汉对照A1. accounting (会计)The process of recording, summarizing, and analyzing financial transactions in order to prepare financial statements and reports.会计是记录、汇总和分析财务交易的过程，以便编制财务报表和报告。

2. asset (资产)Anything that has a value and is owned by an individual, company, or organization.任何具有价值并由个人、公司或组织拥有的物品。

3. audit (审计)An independent examination and verification of an organization’s financial records and sta tements by a qualified person or firm.由合格的个人或公司对组织的财务记录和报表进行独立检查和核实。

B1. balance sheet (资产负债表)A financial statement that shows a company’s assets, liabilities, and shareholders’ equity at a specific point in time.资产负债表是一份显示公司在特定时间点的资产、负债和股东权益的财务报表。

2. bear market (熊市)A market condition in which prices of securities are falling or expected to fall, often characterized by widespread pessimism and selling.指证券价格下跌或预计下跌的市场状况，通常以广泛的悲观情绪和抛售行为为特征。

精编【财务知识】财经词典汉英对照

【财务知识】财经词典汉英对照【财务知识】财经词典汉英对照高盛财经词典—汉英对照0-9glish EnglishDefinitionsAnSECrulethatmodifiedatwo-yearholdingperiodrequirementonprivatelyplacedsecuritiesbypermittingQualifiedInstitu（QIBs)totradethesepositionsamongthemselves.ArulewherebythesumoftheinflationrateandtheP/EratiooftheDowJonesIndustrialAverageisanindicatorofthedirectionoIfthetotalisabove18,stocksaresupposedtodecrease.Ifthetotalisunder18，thenthestockmampanyActof1940 Createdin1940throughanactofCongress，thispieceoflegislationclearlydefinestheresponsibilitiesandlimitationsplaceduponfundcompaniesthatofferinvestmentpArulestatingthatinordertofindthenumberofyearsrequiredtodoubleyourmoneyatagiveninterestrate,youdividethecomTheresultistheapproximatenumberofyearsthatitwilltakeforyourinvestmenttodouble。

A—ZEnglishDefinitionsdex Anationalmanufacturingindexthatsurveysseveralmanufacturingfirmsonamonthlybasis.Iftheindexisabove50itsignalsexpansion,ifitdAninternationalbank—ratingsystemwithwhichbanksupervisoryauthoritiesrateinstitutionsaccordingtosixfactors。

高盛金融词汇英汉详解词典(100页)

Average Price Call平均价格买入期权权一种期权，其收益为零或相等于资产平均价格高于行使价格的金额Average Price Put平均价格出售期权一种期权，其收益为零或相等于行使价格高于资产平均价格的金额Average Up提高平均价格以比原先买入价格高的价格买入更多股票，从而提高所有股票的平均价格Back Door Listing后门上市/借壳上市未能符合股票交易所上市要求的企业采用的一种上市策略，公司通过收购一家已经上市的公司而达到上市的目的Backlog订单积压等候完成的出售指示Back Office后线金融服务公司的行政及支援人员，主要职能包括交易结算、清理、记录、合规监察、会计等Back Pricing往后定价某些期货合约采用的方法，期货商品的价格由买方在签署合约后特定日期决定Back-to-Back Loan背对背贷款两家位于不同国家的公司向对方借贷相同金额的对方国家货币贷款，目的在于对冲货币波动的风险Backstop最后担保为一项证券发行提供最终的保证或担保Bad Debt不良贷款不能回收的债务，因此对债权人没有价值Balanced Fund平衡基金将资产投资于货币市场、债券、优先股及普通股的共同基金，目的在于同时实现增长及收益Balanced InvestmentStrategy平衡投资策略旨在平衡风险及回报的投资组合分配及管理方法Balance Of Payments (BOP)国际收支差额一个国家在特定期间进行的所有交易的纪录，可用作比较一个国家与其他国家的经济活动量Balance Of Trade (BOT)国际贸易差额一个国家收支差额的最大组成项目。

指出口及进口的差额。

减项包括进口、外国援助、国民在国外的开支及国民在国外的投资。

加项包括出口、外国国民在国内的开支以及外国国民在国内的投资Balance Sheet资产负债表一家企业的财务报表，报告公司在一个特定时间的资产、负债及净值Balloon Option气球型期权名义付款额在达到若干标准后提高的期权1. 在一次债券发行中，在某一时间（一般于最终到期日）有大量债券到期的还款安排2. 贷款最后一次的偿还金额远高于之前偿还金额Bancassurance银行出售保险法文词汇，指通过银行既有的分销渠道销售保险Bank Guarantee银行担保放贷机构发出的担保，证明债务人的负债可获偿还。

{财务管理财务知识}高盛财经词典英汉对照

{财务管理财务知识}高盛财经词典英汉对照ActualReturn 实际回报一名投资者的实际收益或损失，可用以下公式表示：预期回报加上公司特殊消息及总体经济消息Actuary 精算保险公司的专业人员，负责评估申请人及其医疗纪录，以预测申请人的寿命Acquisition 收购一家公司收购另一家公司的多数股权AcquisitionPremium 收购溢价收购一家公司的实际成本与该公司收购前估值之间的差额AffiliatedCompanies 联营公司一家公司拥有另一家公司少数权益（低于50%）的情况，或指两家公司之间存在某些关联AffiliatedPerson 关联人士能影响一家企业活动的人士，包括董事、行政人员及股东等AfterHoursTrading 收盘后交易主要大型交易所正常交易时间以外进行的买卖交易AfterTaxOperatingIne-ATOI 税后营运收入一家公司除税后的总营运收入。

计算方法为将总营运收入减税项AfterTaxProfitMargin 税后利润率一种财务比率，计算方法为税后净利润除以净销售额AfterTheBell 收盘铃后股票市场收盘后Agent 代理人1.为客户进行证券买卖的人士或机构2.持有销售保险许可证的人士3.代表证券经纪行或发行人向公众出售或尝试出售证券的证券销售人员AgencyBonds 机构债券由政府机构发行的债券AgencyCross 交叉代理人一项由一名代理人同时代表买方与卖方的交易，也称为撍卮砣藬("DualAgency"。

AgencyProblem 代理问题债券人、股东及管理人员因目标不同而产生的利益冲突AgencySecurities 机构证券由美国政府支持的企业发行的低风险债务AggregateExercisePrice 总行使价格出售或买入期权的行使价格乘以合约金额AggressiveAccounting 激进会计不当地编制损益表以取悦投资者及提高股价法AggressiveInvestmentStrategy 进取投资策略投资组合经理尝试争取最高的回报。

高盛金融词汇英汉详解词典(100页)

指出口及进口的差额。

减项包括进口、外国援助、国民在国外的开支及国民在国外的投资。

高盛财经词典(汉英对照)

高盛财经词典（汉英对照）
一划
中文词句一次性偿还 English Bullet Repayment English Definitions A single payment for an entire loan amount that is paid at maturity. 一次总付分配 Lump Sum Distrib ution 一级资本 A one time payment for the entire amount due, rather th an breaking payments into smaller installments. Some lu mp-sum distributions receive special tax treatment. Tier 1 Capital A term used to describe the capital adequacy of a bank. Tier I capital is core capital, this includes equity capital and disclosed reserves. 一般义务债券 General Obligation A municipal bond backed by the credit and "taxing power Bond 一般折旧制度 " of the issuing jurisdiction, rather than the revenue from a given project. General Depreciati The most commonly used system for calculating deprecia on System tion. Personal property is depreciated using the decliningbalance method, which involves applying the depreciation rate against the undepreciated balance.

高盛财经汉英词典

中文词句English English Definitions144A 条例Rule 144A An SEC rule that modified a two-year holding periodrequirement on privately placed securities by permittingQualified Institutional Buyers (QIBs) to trade thesepositions among themselves.18定律Rule of 18 A rule whereby the sum of the inflation rate and the P/Eratio of the Dow Jones Industrial Average is an indicatorof the direction of the stock market. If the total is above18, stocks are supposed to decrease. If the total is under18, then the stock ma1940年投资公司法InvestmentCompany Act of1940 Created in 1940 through an act of Congress, this piece of legislation clearly defines the responsibilities and limitations placed upon fund companies that offer investment products to the public.72定律Rule of 72 A rule stating that in order to find the number of yearsrequired to double your money at a given interest rate,you divide the compound return into 72. The result is theapproximate number of years that it will take for yourinvestment to double.APICS（美国生产及库存控制协议）商业前景指数APICS BusinessOutlook IndexA national manufacturing index that surveys severalmanufacturing firms on a monthly basis. If the index isabove 50 it signals expansion, if it dips below 50 itindicates contraction.CAMELS评级制度CAMELS RatingSystem 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."CEDEL CEDEL One of two principal clearing houses for Euromarketsecurities.Notice that the formula may also be written as: accountspayable / (cost of sales/number of days).Notice that the formula may also be written as: accountsreceivable / (credit sales/number of days).Net Operating Income‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾Total Debt ServiceNet Income‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾Shareholder's EquityThe ROE is useful in comparing the profitability of acompany to other firms in the same industry.Calculated as total tax paid divided by taxable income.2. In the case of fixed income, a bond with a rating ofBBB or higher.Operating cash flow is calculated through a series ofadjustments to net income. It can be found on thestatement of cash flows. ?2. The difference between the swap rate and the lendingrate offered through other investment vehicles withcomparable characteristics.GDP平减数GDP Deflator An economic metric used to account for inflation byconverting output measured at current prices intoconstant-dollar GDP. The GDP deflator shows how mucha change in the base year's GDP relies upon changes inthe price level.GDP差距GDP Gap The sacrificed output within a country's economy due tothe failure to create sufficient jobs for all those willing towork.H股H-Shares A share of a Chinese company listed on the Hong KongStock Exchange.一次性偿还Bullet Repayment A single payment for an entire loan amount that is paid atmaturity.一次总付分配Lump SumDistribution A one time payment for the entire amount due, rather than breaking payments into smaller installments. Some lump-sum distributions receive special tax treatment.一级资本Tier 1 Capital A term used to describe the capital adequacy of a bank.Tier I capital is core capital, this includes equity capitaland disclosed reserves.一般义务债券General ObligationBond A municipal bond backed by the credit and "taxing power" of the issuing jurisdiction, rather than the revenue from a given project.一般折旧制度GeneralDepreciationSystem The most commonly used system for calculating depreciation. Personal property is depreciated using the declining-balance method, which involves applying the depreciation rate against the undepreciated balance.七大工业国Group of Seven(G-7) Seven of the world's leading countries that meet periodically to achieve a cooperative effort on international economic and monetary issues.七大工业国G-7 Seven of the world's leading countries that meetperiodically to achieve a cooperative effort oninternational economic and monetary issues.二级市场Secondary Market A market in which an investor purchases an asset fromanother investor, rather than an issuing corporation.二级发行Secondary Offering A sale of securities in which one or more majorstockholders in a company sell all or a large portion oftheir holdings. The underwriting proceeds are paid to thestockholders, rather than to the corporation.人寿保险Life Insurance A protection against the lost income that would result ifthe insured were to pass away. The named beneficiaryreceives the proceeds and is thereby safeguarded fromfinancial impacts of the death of the insured.二级资本Tier 2 Capital A term used to describe the capital adequacy of a bank.Tier II capital is secondary bank capital that includesitems such as undisclosed reserves, general lossreserves, subordinated term debt, and more.个人收入Personal Income An individual's total earnings coming from wages,business enterprises, and various investments.个人消费开支PCE Similar to CPI, PCE is a report (actually a part of thepersonal income report) put out by the Bureau ofEconomic Analysis of the Department of Commerce.PCE is a measure of price changes in consumer goodsand services. It consists of the actual and imputedexpenditures of households, and includes data pertainingto durables, non-durables, and services.个人理财Personal Finance Financial planning for individuals. Generally, it involvesanalyzing their current financial position, predictingshort-term and long-term needs, and recommending afinancial strategy. This may involve advice on pensions,school fees, mortgages, life insurance, and investments. 子公司、附属公司Subsidiary A company owned by another company that controlsmore than 50% of its voting stock.上市公司Public Company A company that has issued securities through an offeringwhich are now traded on the open market.上市证券Listed Security Securities that have been accepted for trading purposesby a recognized and regulated exchange.已充分反映实值Fully Valued A stock that has reached a price that accurately reflectsthe strength of the company.已动用资本回报率Return On Capital A ratio that indicates the efficiency and profitability of aEmployed (ROCE) company's capital investments.Calculated as:Earnings before interest and tax (EBIT)‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾(Capital employed + Short term borrowings -Intangible assets)已动用资本回报率ROCE A ratio that indicates the efficiency and profitability of acompany's capital investments.Calculated as:Earnings before interest and tax (EBIT)‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾(Capital employed + Short term borrowings -Intangible assets)已发行股票Shares Outstanding The number of shares that are currently owned byinvestors. This includes restricted shares (shares ownedby the company's officers and insiders) and shares heldby the public. Shares that the company has repurchasedare not considered outstanding stock.大宗交易Block Trade The sale or purchase of a large quantity of securities.广泛基础加权平均Broad-BasedWeighted Average An anti-dilution provision used for the benefit of existing preferred shareholders when additional offerings are made by the corporation. The broad-based weighted average accounts for all equity previously issued and currently undergoing issue.广泛基础指数Broad-Base Index An index designed to reflect the movement of the entiremarket.下调评级Downgrade A negative change in the rating of a security.子弹式交易Bullet Trade The act of purchasing an "in the money" put option sothat the buyer can capitalize on a bear market byeffectively shorting a stock without waiting for an uptick. 已售商品成本COGS An expense that reflects the cost of the product or goodthat generates revenue for a company. Sometimesreferred to as "Cost of Sales."已售商品成本Cost of Goods Sold(COGS) An expense that reflects the cost of the product or good that generates revenue for a company. Sometimes referred to as "Cost of Sales."下游Downstream Refers to oil and gas operations after the productionphase and through to the point of sale.已解除债务的破产人Discharge inBankruptcy When a bankrupt person or company is legally free and clear of any obligation to repay certain debts.已缴资本Paid-Up Capital The state of a settlement when all payment obligationsfor a security has been completed.兀鹫投资者Vulture Capitalist 1. A slang word for a venture capitalist whodeprives an inventor of control over their owninnovations and most of the money they shouldhave made from the invention.2. A venture capitalist who invests in flounderingfirms in the hopes that they will turn around.兀鹫基金Vulture Fund A fund that buys securities in distressed investments,such as high-yield bonds in (or near) default or equitiesthat are in (or near) bankruptcy.五大工业国G-5 Five of the world's leading countries that meetperiodically to achieve a cooperative effort oninternational economic and monetary issues.五大工业国Group of Five (G-5) Five of the world's leading countries that meetperiodically to achieve a cooperative effort oninternational economic and monetary issues.公开上市Going Public The process of selling shares that were formerlyprivately-held to new investors for the first time.开支比率Expense Ratio The percentage of the assets that were spent to run amutual fund. It includes things like management andadvisory fees, travel costs, and 12b-1 fees. The expenseratio does not include brokerage costs for trading theportfolio.公开市场委员会Federal OpenMarket Committee(FOMC) The body that sets the interest rate and credit policies of the Federal Reserve System.公开市场委员会FOMC The body that sets the interest rate and credit policies ofthe Federal Reserve System.日历年Calendar Year The year that begins January 1 and ends December 31公开发行价值Public Offering Price(POP) The price at which new issues are offered to the public by an underwriter公开说明书Prospectus 1. A formal legal document describing details of acorporation. The prospectus is generally createdfor a proposed offering (usually an IPO), but theycan still be obtained from existing businesses aswell. The prospectus includes company facts thatare vitally important to potential investors.2. In this case of mutual funds, a prospectusdescribes the fund's objectives, history, managerbackground, and financial statements.公开说明书定稿Final Prospectus A legal document stating the price of a newly issuedsecurity, the delivery date, and other facts that areimportant for investors.公开资产Public Assets that can be traded in a public market, such as thestock market.无风险回报率Risk Free Rate ofReturnThe quoted rate on an asset that has virtually no risk.无风险资产Risk-Free Asset An asset which has a certain future return. Treasuries(especially T-bills) are considered to be risk-freebecause they are backed by the U.S. government.公开流通股票Float The total number of shares publicly owned and availablefor trading. The float is calculated by subtractingrestricted shares from outstanding shares.今天最低Today's Low The intra-day low trading price.今天最高Today's High The intra-day high trading price.开支Expense 1. Money spent by a firm to continue its ongoingoperations.2. Money spent or costs incurred that aredeductible and reduce your taxable income.公司化、非共同化Demutualization The process of changing corporate structure from amutual fund company to some other form, such as alimited liability or corporation.公司、企业Corporation The most common form of business organization. Thetotal worth of the organization is divided into shares ofstock, each representing a unit of ownership. Acorporation is ongoing and the owners face only limitedliability.不可买回Non-Callable Securities that cannot be called by the issuer prior tomaturity.公平交易Arms LengthTransaction When the buyers and sellers of a product act independently of each other and have no relationship to each other.公平价值Fair Value 1. The estimated value of all assets and liabilitiesof an acquired company used to consolidate thefinancial statements of both companies.2. In the futures market, fair value is the equilibriumprice for a futures contract. This is equal to thespot price after taking into account compoundedinterest (and dividends lost because the investorowns the futures contract rather than the physicalstocks) over a certain period of time.水平价差Horizontal Spread An options strategy involving the simultaneous purchaseand sale of two options of the same type, having thesame strike price, but different expiration dates.无对冲黄金股票指数BUGS Index Short for "basket of un-hedged gold stocks," the BUGSindex is the AMEX's index measuring gold companiesthat do not hedge their gold production beyond a yearand a half.无记名票据Floater A bond, or some other type of debt, whose coupon ratechanges with market conditions (short term interestrates).不可抗力Force Majeure Literally translated as "great force," this clause isincluded in contracts to remove liability for unforeseenevents restricting participants from fulfilling obligations. 双头垄断Duopoly A situation in which two companies own all or nearly allof the market for a given type of product or service.开市前交易Pre-Market Trading Trading done before the regular market opens.公司债券Debenture An unsecured debt backed only by the credit worthinessof the borrower. There is no collateral, and theagreement is documented by an indenture.中央银行Central Bank A bank providing services for a country's governmentand major commercial banks.公司税Corporate Tax A levy placed on the profit of a firm; different rates areused for different levels of profits.公平意见Fairness Opinion An opinion developed by qualified analysts or advisorswith the purpose of providing key details and factualproof to the decision makers of a merger or acquisition. 牛市Bull Market A market in which prices of a certain group of securitiesare rising or are expected to rise.毛收入Gross Income 1. For individuals, it is your total personal incomebefore deductions.2. For companies, it is their revenue minus cost ofgoods sold (also called gross margin).内在价值Intrinsic Value 1. The value of a company or an asset based onan underlying perception of the value.2. For call options, this is the difference betweenthe underlying stock's price and the strike price.For put options, it is the difference between thestrike price and the underlying stock's price. In thecase of both puts and calls, if the differencebetween the underlying stock's price and the strikeprice is negative, the value is given as zero.反向收购Reversed takeover 1. When a larger company is bought out by asmaller company.2. The purchasing of a public company by a privatecompany.反收购措施Anti-takeoverMeasure 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-takeoverStatute 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.无形之手Invisible Hand Coined by Adam Smith in his 1776 book An Inquiry intothe Nature and Causes of the Wealth of Nations. In hisbook he states:Essentially Smith says that individuals try to maximizetheir own good (and become wealthier), and by doing so,through trade and entrepreneurship, society as a wholewill be better off. Furthermore, any governmentintervention in the economy isn't needed as the invisiblehand would best guide the economy.及时生产Just In Time A production strategy companies employ to increaseefficiency and decrease waste by producing goods onlyas they are ordered or needed.专利权Patent A government license that allows one exclusive rights toa process, design, or new invention.双谷经济衰退Double DipRecession When the gross domestic product (GDP) growth slides back to negative after a quarter or two of brief positive growth. In other words, a recession followed by ashort-lived recovery, followed by another recession.分级股票Classified Shares The separation of company equity into more than oneclass of common shares, usually called "Class A" and"Class B."不良贷款Bad Debt A debt which is not collectable and therefore worthless tothe creditor.不良贷款NPL Loans that are in default or close to being in default.Loans that are in default or close to being in default.不良贷款Non-PerformingLoan无形资产Intangible Asset An asset that is not physical in nature. E.g. goodwillAny asset that is not effectively producing income.不良资产Non-PerformingAsset天灾债券Act of God Bond A bond issued by an insurance company, linkingprincipal and interest to the company's losses due tonatural disasters.分拆上市Carveout 1. Sometimes known as a partial spinoff, a carveout occurs when a parent company sells a minority(usually 20% or less) stake in a subsidiary for anIPO or rights offering.2. Where an established brick-and-mortarcompany hooks up with venture investors and anew management team to launch an Internetspinoff.认购不足Undersubscribed When the demand for a new issue of securities (IPO) isless than the number of shares issued. This issometimes referred to as an underbooking.分拆、出售资产Divestiture Refers to the sale of a subsidiary company, also called"spin-off."认股权证Warrant A derivative security that gives the holder the right topurchase securities (usually equity) from the issuer at aspecific price within a certain time frame.认股权证比重Warrant Coverage An agreement between a company and its shareholderswhereby the company issues warrants equal to somepercentage of the dollar amount of the shareholder'sinvestment.认股权证溢价Warrant Premium The premium paid for the rights associated with awarrant.分拆收购Unbundling Taking over a large company with several different linesof business and retaining the core business while sellingoff the subsidiaries to help fund the takeover.分析员Analyst A financial professional that has expertise in evaluatinginvestments. They are typically employed by brokeragefirms, investment advisors, or mutual funds. Analysts puttogether buy, sell, and hold recommendations onsecurities. Analysts usually specialize in specificindustries or sectors to allow for comprehensiveresearch.天使投资者Angel Investor A financial backer providing venture capital funds forsmall startups or entrepreneurs.开放性信贷Open End Credit A pre-approved loan that may be used repeatedly up to acertain limit.无抵押贷款Unsecured Loan A bank loan that is issued and supported only by theborrowers creditworthiness, rather than by some sort ofcollateral.无抵押债权人Unsecured Creditor A person or institution that lends money to a company orindividual without holding collateral on the property forsecurity. This puts the creditor in a higher risk situation 开放性基金Open-End Fund A mutual fund that continues to sell shares to investors,and will buy back shares when investors wish to sell日经指数Nikkei The leading and most respected index of Japanesestocks.订单积压Backlog The total value of sales orders waiting to be fulfilled.反垄断法Anti-trust The antitrust laws apply to virtually all industries and toevery level of business, including manufacturing,transportation, distribution, and marketing. They prohibita variety of practices that restrain trade. Examples ofillegal practices are price-fixing conspiracies, corporatemergers likely to reduce the competitive vigor ofparticular markets, and predatory acts designed toachieve or maintain monopoly power.比例税Proportional Tax An income tax that takes the same percentage of incomefrom everyone regardless of how much (or little) anindividual earns.石油输出国组织、欧佩克Organization ofPetroleum ExportingCountries (OPEC) An intergovernmental organization dedicated to the stability and prosperity of the petroleum market. OPEC membership is open to any country that is a substantial exporter of oil and shares the ideals of the organization.分拆Demerger A corporate strategy to sell off subsidiaries or divisions ofa company.分拆Spinoff A new, independent company created through selling ordistributing new shares for an existing part of anothercompany.分股Stock Split The division of a company's existing stock into moreshares. In a 2-for-1 split, each stockholder would receivean additional share for each share formerly held.以活动为基础的预算案Activity BasedBudgeting Method of budgeting in which activities that incur costs in each function of an organization are established and relationships are defined between activities. This information is then used to decide how much resource should be allocated to each activity.以活动为基础的管理Activity BasedManagement Using an activity-based costing system to improve the operations of an organization.互相争夺市场MarketCannibilization The negative impact a new product has on the sales performance of a company's existing, related products.双重收费Double Dipping For brokerage firms, when a broker puts commissionedproducts into a fee-based account. The broker makesmoney from both the client and the commission.双重征税Double Taxing A tax law that results in the same earnings beingsubjected to taxation twice. A company's income is taxedinitially and then the shareholders and investors aretaxed on the distributions they receive from the company. 长城Chinese Wall A slang term for the division within a brokerage firm thatprevents insider information from being handed out bycorporate advisers to investment traders.风险价值Value at Risk (VAR) A technique for estimating the probability of portfoliolosses exceeding some specified price.不能变现Illiquid An asset or security that cannot be converted into cashvery quickly (or near prevailing market prices).升值Appreciation The increase in value of an asset.风险Risk The chance that an investment's actual return will bedifferent than expected. This includes the possibility oflosing some or all of the original investment. It is usuallymeasured using the historical returns or average returnsfor a specific investment.风险资本Risk Capital The money that a person allocates to investments in highrisk securities风险资本要求Risk Based CapitalRequirement A stated requirement of liquid reserves placed upon banks and institutions that deal in risky ventures.无追索权债务Non-Recourse Debt A loan that is secured by some sort of collateral, usuallyproperty. The issuer can seize the collateral if theborrower defaults.无追索权融资Non-RecourseFinance A loan where the lending bank is only entitled to repayment from the profits of the project the loan is funding, not from other assets of the borrower.风险容忍度Risk Tolerance The degree of uncertainty that an investor can handle inregards to a negative change in the value of theirportfolio.风险调整贴现率Risk AdjustedDiscount Rate In portfolio theory and capital budget analysis, the rate necessary to determine the present value of an uncertain or risky stream of income; it is the risk-free rate (generally the return on short-term U.S. Treasury securities）plus a risk premium that is based on an analysis of the risk characteristics of the particular investment or project风险调整回报率Risk AdjustedReturn A measure of how much risk a fund or portfolio assumed to earn its returns. This is usually expressed as a number or a rating.风险调整资本回报率Risk AdjustedReturn on Capital(RAROC) In financial analysis, riskier projects and investments must be evaluated differently from their riskless counterparts. By discounting risky cashflows against less risky cashflows RAROC accounts for changes in the profile of the investment.内部回报率IRR Often used in capital budgeting, it's the interest rate thatmakes net present value of all cash flow equal zero.内部回报率Internal Rate ofReturn (IRR) Often used in capital budgeting, it's the interest rate that makes net present value of all cash flow equal zero.内部审计Internal Audit An audit performed by a person (or persons) employedby the firm being audited.专营经纪人Specialist A person on the trading floor of certain exchanges whoholds an inventory of particular stocks. The specialist isresponsible for managing limit trades, but does not makeinformation on outstanding limit orders available to othertraders.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 retailersare not able to pass on higher prices to customers.气球型期权Balloon Option An option for which the notional payments increasesignificantly after a set threshold is broken.气球型期限Balloon Maturity 1. A repayment schedule for a bond issue where alarge number of the bonds come due at a one time(normally at the final maturity date).2. A final loan payment that is considerably higherthan prior payments.内部增长Organic Growth The growth rate of a company, excluding any growthfrom takeovers, acquisitions, or mergers.内部增长率Internal GrowthRate The highest level of growth achievable for a business without obtaining outside financing.中等市值股票Mid Cap Stock Short for "Middle Cap," mid cap refers to stocks with amarket capitalization of between $2 billion to $10 billion.? 贝塔系数Beta (Coefficient) The measure of systematic risk of a security. Beta (orbeta coefficient) is a means of measuring the volatility ofa security or portfolio of securities in comparison with themarket as a whole.Beta is calculated using regression analysis. A beta of 1indicates that the security's price will move with themarket. A beta greater than 1 indicates that the security'sprice will be more volatile than the market. A beta lessthan 1 means that it will be less volatile than the market. 计量经济学Econometrics The application of statistical theories to economic onesfor the purpose of forecasting future trends.中期股息Interim Dividend A dividend payment made before a company's AGM andfinal financial statements. This declared dividend usuallyaccompanies the company's interim financial statements. 长期债券Long Bond A bond that matures in more than 10 years. When peoplerefer to "the long bond," this typically is the 30-year U.S.treasury.从属债务Subordinated Debt A loan (or security) that ranks below other loans (orsecurities) with regard to claims on assets or earnings.长期债务/总资本比率Long TermDebt/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 Loans and financial obligations, lasting over one year, onwhich interest is paid.。

高盛英汉财经词典

这些福利包括支付医院及医疗开支以及有关时期的收入。

Accounts Receivable (AR) 应收账款客户应付的金额。

高盛英汉财最新经词典(doc 86页)

English Terms 中文翻译详情解释/例子Accelerated Depreciation 加快折旧任何基于会计或税务原因促使一项资产在较早期以较大金额折旧的折旧原则Accident and Health Benefits 意外与健康福利为员工提供有关疾病、意外受伤或意外死亡的福利。

这些福利包括支付医院及医疗开支以及有关时期的收入。

Accounts Receivable (AR) 应收账款客户应付的金额。

1、下载文档前请自行甄别文档内容的完整性，平台不提供额外的编辑、内容补充、找答案等附加服务。
2、"仅部分预览"的文档,不可在线预览部分如存在完整性等问题,可反馈申请退款(可完整预览的文档不适用该条件!)。
3、如文档侵犯您的权益，请联系客服反馈,我们会尽快为您处理(人工客服工作时间：9:00-18:30)。

一项产品的买方与卖方独立进行交易，互相之间并无任何关系
Asian Option
亚洲式期权
回报根据相关证券在特定期间的平均价格而定的期权
Ask (Price)
买方叫价
卖方愿意接受的证券价格，也称为要约价格
Assessed Value
评估后价值
一项房地产在税务上的预测价值
Assessor
估价人
决定一项房地产在税务上价值的地方政府官员
1. 为客户进行证券买卖的人士或机构 2. 持有销售保险许可证的人士 3. 代表证券经纪行或发行人向公众出售或尝试出售
证券的证券销售人员
由政府机构发行的债券一项由一名代理人同时代表买方与卖方的交易，也称为撍
卮砣藬("Dual Agency"。债券人、股东及管理人员因目标不同而产生的利益冲突由美国政府支持的企业发行的低风险债务出售或买入期权的行使价格乘以合约金额
总营业额 ‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ 总资产值评估一个投资组合、一家企业、一项投资或资产负债表项目当时价值的过程一般为一家投资公司代表投资者管理资产的市场价值
将要一项权益或物业转给另一名人士或另一项业务一项期权到价指该期权的行使价格相等于相关证券的市场价值同时买入股票指数期货及相关股份的交易计划，旨在从差价中获利（市场套汇）买方与卖方同时进行竞争性叫价及出价的市场对一家机构财务报表的公正验证及评价，可以是机构内部的程序（由机构员工进行）或外部程序（由外部机构进行）是公司年报的一部分，旨在确证公司财务报告符合适当的通用会计原则
Activity Ratio
活动比率
一项用以衡量一家公司将其资产负债表内账项转为现金或营业额的能力的会计比率
Actual Return
实际回报
Actuary
精算
Acquisition Acquisition Premium Affiliated Companies
收购收购溢价联营公司
Affiliated Person
Accounts Receivable (AR) Accretive Acquisition
Acid Test
应收账款
客户应付的金额。拥有应收账款指公司已经出售产品或服务但仍未收取款项
具增值作用的收购能提高进行收购公司每股盈利的收购项目项目
酸性测试比率
一项严谨的测试，用以衡量一家公司是否拥有足够的短期资产，在无需出售库存的情况下解决其短期负债。
未偿还债务总额企业协调资产及负债管理的措施，以赚取适当的回报
1. 企业管理其财务资产，以实现最高的回报 2. 在一家金融机构开设户口，以享有支票服务、信
用卡、记账卡、保证金贷款、自动将现金结余投入货币市场基金以及证券经纪服务
估值不当的股票，其合并资产价值高于总市值，以而具有吸引力将公司的资产重新进行策略分配，以提高盈利能力与单纯掉期结构相似，主要分别在于潜在的掉期合约。互换的是固定及浮动投资，而不是一般的固定或浮动贷款利率每一单位金额资产产生的营业额。计算方法为：
不当地编制损益表以取悦投资者及提高股价投资组合经理尝试争取最高的回报。进取的投资者把较高比重的资产投入股票，比重较其他风险较低的债务证券要高格林斯潘博士是美国联邦储备局监理会的主席。他将于 2004 年 6 月 20 日完成第四个四年任期。格林斯潘博士也联邦储备局主要货币政策制定组织联邦公开市场委员会的主席首次公开上市中向各承销机构分配，容许其出售的股份。其余股份会分给其他取得上市股份出售权的证券公司
根据存托协议发行的股份，代表发行企业在本土上市的股票
可在有效期间随时行使的期权
美国第三大股票交易所，位于纽约，处理美国交易证券总额的 10%
在一段期间分期偿还债务在一个特定时期资本开支的减少。与类似相似，是一种衡量长期资产，例如设备或建筑物在特定期间价值的消耗
具备评估投资专长的金融专业人员，一般受聘于证券行、投资顾问机构或共同基金。分析员对不同的证券作出买入、卖出或持有的建议。为了提供全面的研究分析，分析员一般会专注于不同的行业或经济板块
在纽约股票交易所内买卖活跃的定息证券
Active Income
活动收入
来自提供服务所得的收入，包括工资、薪酬、奖金、佣金，以及来自实际参与业务的收入
Active Investing
积极投资
包含持续买卖行为的投资策略。主动投资者买入投资，并密切注意其走势，以期把握盈利机会
Active Management
升值
资产价值上升
Arbitrage
套汇
同时买入及卖出证券，意图从差价中获利，在一般于不同的交易所或市场进行买卖
Arbitrage Bond
套汇债券
市政府在市政府现有高评级证券买回日期前发行的低评级债务证券
Arbitrage Pricing Theory 套汇定价理论 (APT)
是资本资产定价模式以外的另一个选择，主要分别在于其假设及对资产相关风险因素的诠释
计算方法：
(现金 + 应收账款 +短期投资) ‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾
流动负债
Act of God Bond
天灾债券
保险公司发行的债券，旨在将债券的本金及利息与天然灾害造成的公司损失联系起来
Active Bond Crowd
活跃债券投资者
APICS Business Outlook APICS（美国生产及美国全国性制造业指数，每月对多家制造业企业进行调查。
Index
库存控制协议）商业若指数高于 50，表示行业正在扩展，若低于 50，则表示行
前景指数
业正在萎缩
Apபைடு நூலகம்raisal
价值评估
对一项物业或业务价值的意见
Appreciation
高盛财经词典 - 英汉对照
A
English Terms
中文翻译
Accelerated Depreciation 加快折旧
Accident and Health Benefits
意外与健康福利
详情解释/例子
任何基于会计或税务原因促使一项资产在较早期以较大金额折旧的折旧原则
为员工提供有关疾病、意外受伤或意外死亡的福利。这些福利包括支付医院及医疗开支以及有关时期的收入。
Anti-trust
反垄断法
美国的反垄断法适用于所有行业及所有层面的业务，包括制造、交通、分销及促销。法律禁止多种对交易造成妨碍或限制的行为。非法行为包括联合控制价格、可能减弱个别市场竞争动力的企业合并、意图实现或维持垄断势力的掠夺性行为
Any and All Bid
所有出价
投标买入在特定价格出售的所有股份
关联人士
After Hours Trading After Tax Operating Income - ATOI After Tax Profit Margin After The Bell Agent
收盘后交易税后营运收入
税后利润率收盘铃后代理人
Agency Bonds Agency Cross
机构债券交叉代理人
Agency Problem Agency Securities Aggregate Exercise Price Aggressive Accounting Aggressive Investment Strategy
代理问题机构证券总行使价格
激进会计法进取投资策略
Alan Greenspan
向小型初始企业或创业者提供创业资金的财务投资者
1. 将不足一年的回报率转为全年回报率 2. 将不足一年的税务期转为每年一度
Annual General Meeting 年度股东大会 (AGM)
Annual Report
年报
Annuity Annuity Due Anti-dilution Provision
Arbitrage Trading Program (ATP)
套汇交易理论
同时买入股票指数期货及相关股份的交易计划，旨在从差价中获利（市场套汇）
Arbitration
仲裁
对争议的非正式听证，其间一组由公正委员会选出的人士（一般为三名）对争议作出裁判。在做出判决会，不设进一步上诉的机制
Arms Length Transaction 公平交易
需要即时支付，而不是在期末支付的年金
期权或可转换证券的一项条款，用以保障投资者，不会由于未来公司以较低价格（低于有关投资者支付的价格）发行股份而被摊薄
企业管理人员长期或不时采取，防止或延迟被恶意收购的措施
旨在防止或延迟恶意收购的一套美国法规。每一州的法规
细则有所不同，一般只适用于在州内注册成立的公司
将一个投资组合分为不同资产种类的过程，主要资产种类包括债券、股票或现金。资产分配的目的在于通过分散投资减低风险
Asset Allocation Fund 资产分配基金
一种将投资资产分为债券、股票及其他证券的共同基金，
Asset Coverage Ratio 资产偿付比率
Asset-Liability Management
美国存托股份美式期权美国股票交易所摊销
Analyst
分析员
Angel Investor Annualize
天使投资者年度化
公司对可能不能收到的应收账款的预测，这项数据将纪录在公司的资产负债表上
一份美国存托凭证代表美国以外国家一家企业的若干股份。美国存托凭证在美国市场进行买卖，交易程序与普通美国股票相同。美国存托凭证由美国银行发行，每份包含美国以外国家一家企业交由国外托管人托管的若干股份。该企业必须向代为发行的银行提供财务资料。美国存托凭证不能消除相关企业股票的货币及经济风险。美国存托凭证可在纽约股票交易所、美国股票交易所或纳斯达克交易所挂牌上市

高盛财经词典-英汉对照版

高盛英汉财经词典

高盛英汉财经词典

高盛金融词汇英汉详解词典(92页)

高盛金融词汇英汉详解词典(92页)

最新ACCA高盛财经词典-英汉对照版汇总

高盛财经词典—英汉对照

《高盛财经词典》汉英对照

高盛财经词典—英汉对照

精编【财务知识】财经词典汉英对照

高盛金融词汇英汉详解词典(100页)

{财务管理财务知识}高盛财经词典英汉对照

高盛金融词汇英汉详解词典(100页)

高盛财经词典(汉英对照)

高盛财经汉英词典

高盛英汉财经词典

高盛英汉财最新经词典(doc 86页)