投资银行相关英语
- 格式:docx
- 大小:1.04 MB
- 文档页数:17
实用文档Money Markets 货币市场Capital Markets 资本市场Foreign Exchange Markets 外汇市场Gold Markets 黄金市场Derivative Markets 衍生品市场Direct Financing 直接金融市场Indirect Financing 间接金融市场Financial Intermediary 金融中介Deposit 存款Loan 贷款Foreign Currency 外汇Securities 证券Forward transactions 远期交易Foreign currency futures 外汇期货Commercial bank 商业银行Investment bank 投资银行Pension fund 养老基金Central Bank 中央银行Primary Market 一级市场Secondary Market 二级市场Dividends 股息Shareholders 股东Common Stock 普通股Preferred Stock 优先股Financial Institutions 金融机构Default Risk 违约风险Liquidity 流动性Treasury Bills 短期国库券Treasury Notes 中期国库券Treasury Bonds 长期国库券Inter-bank markets 同业拆借London Interbank Offered Rate LIBOR伦敦同业拆借利率Commercial Paper 商业票据Negotiable certificates of deposit大额可转让定期存单Repurchase Agreement 回购协议Reverse repurchase Agreement 逆回购协议Banker’s acceptances 银行承兑汇票Bond 债券Stock 股票Interest (coupon) payments 票面利息Interest (coupon) rate 票面利率Face value (Principle) 面值Maturity date 到期日Municipal bonds 市政债券Corporate bonds 企业债券Treasury Bills (Maturity less than 1 year) Treasury Notes (Maturity 1 to 10 years) Treasury Bonds (Maturity more than 10 years) Annual 一年Semi-annual 半年Mortgage bonds 抵押债券Zero-coupon bonds 零息债券Folate-rate bonds 浮动利率债券Redemption bonds 可赎回债券Convertible bonds 可转换债券Collateral 抵押物Common Stock 普通股Preferred Stock 优先股Residual Claims 剩余追索权Limited Liability 有限责任Capital Gains 资本利得Public placement 公募Private placement 私募Bid price 卖价Ask price 买价Market Order 市价委托指令Limit Order 限价指令Stop Order 停止指令Fundamental Analysis 基本面分析Technical Analysis 技术分析Buy on margin 买空Short sales 卖空Margin 保证金Initial Margin 初始保证金Maintenance Margin 维持保证金Margin Call 保证金催缴通知Exchange Rate 汇率Foreign Exchange Bank 外汇银行Foreign Exchange Broker 外汇经纪人Spot transaction 即期交易Forward transaction 远期交易Appreciation 升值Depreciation 贬值Cross-Exchange rates 交叉汇率Direct Quotation 直接标价法Indirect Quotation 间接标价法实用文档Dollar Quotation 美元标价Balance Sheet 资产负债表Income Statement 损益表Statement of Cash Flow 现金流量表Asset 资产Liability 负债Owner’s Equity 所有者权益Current Asset 流动资产Short-term assets 短期资产Cash 现金Accounts receivable 应收账款Inventory 存货Long-term assets 长期资产Tangible assets 有形资产Intangible assets 无形资产Patent 专利Copyright 版权Goodwill 商誉Long-term Liabilities 长期负债Current Liabilities 流动负债Accounts payable 应付账款Debt due for repayment 应偿还债务Long-term debt 长期债务Common stock and other paid in capital普通股和资本公积Retained Earnings 留存收益Operating Revenues 营业收入Net Sales 销售净收入Operating Expenses 营业费用Cost of Goods Sold 销货成本Selling, general & administrative expenses销售及一般管理性费用Research & Development Expenses 研发费用Depreciation 折旧Operating Income 营业利润Earnings before interest and income taxes息税前利润Interest expenses 利息费用Taxable income 应纳税所得额Net income 净利润Allocation of net income 净利润分配retained earnings 留存收益Return on Equity 净资产收益率Return on Asset 资产收益率Liquidity Ratio 流动性比率Quick Ratio 速动比率Gross Domestic Product 国内生产总值Unemployment rates 失业率Budget deficit 预算赤字Budget surplus 预算盈余Consumer sentiment 消费者心理因素Peak 高峰Trough 谷底Cyclical Industries 周期性行业Defensive Industries 防御性行业Business Cycle 经济周期Industry Analysis 行业分析Operating Leverage 经济杠杆Degree of Operating Leverage经济杠杆系数Sector Rotation 部门转换Industry Life Cycles 行业生命周期Start-up 创业阶段Consolidation 成长阶段Maturity 成熟阶段Relative Decline 衰退阶段Threat of Entry 进入者威胁Rivalry between existing competitors现有竞争者威胁Pressure from substitute products替代品压力Bargaining power of buyers买方议价能力Bargaining power of suppliers卖方议价能力Investment Company 投资公司Net Asset Value 资产净值Open-end Fund 开放式基金Close –end Fund 封闭式基金Discount Price 折价Premium Price 溢价Fund Manager 基金经理人Private Partnerships 私人合伙人Money Market Funds 货币市场基金Equity Funds 股权基金Income Funds 收入型基金Growth Funds 成长性基金Sector Funds 行业基金Bonds Funds 债券净值Balanced Funds 平衡型基金Aggressive Investors 激进型投资者Conservative Investors 保守型投资者Fee Structure 费用结构Operating Expenses 运营费用Front-End Load 前段费用Back-End Load 后端费用Bond Issuer 债券发行者Bond holder 债券持有者Seniority 求偿等级Limited Provisions 限制性条款Call Provisions on Corporate Bonds公司债券的赎回条款Convertible Bonds 可转换债券Conversion ratio 转换比例Market conversion value 转换价值Puttable Bonds 可回卖债券Yield to Maturity 到期收益率Default Risk 违约风险Investment grade bonds 投资级债券Junk bond 垃圾债券Securities Underwriting 证券承销业务Mergers and Acquisitions 兼并与收购Restructuring 重组Leveraged Finance 杠杆融资Initial Public Offerings (IPOs)首次公开发行Seasoned Equity Offerings (SEOs) 再次发行Public placement 公募Private placement 私募Cash Transaction 现金支付Share Transaction 股票支付Horizontal M&A 横向并购Vertical M&A 纵向并购Conglomerate M&A 混合并购Synergy 协同效应Friendly Acquisition 善意并购Hostile Acquisition 敌意并购White Knight 寻找白衣骑士Selling the Crown Jewels 焦土战术Pac-Man defense 帕克门策略Greenmail 绿色勒索Operating Synergy 经营协同效应Management Synergy 管理协同效应Financing Synergy 财务协同效应Leveraged buy-out (LBO) 杠杆收购Management buy-out (MBO) 管理层收购Options 期权Derivatives 衍生品Option Contract 期权合约Call option 看涨期权Put option 看跌期权Strike Price 执行价格Expiration date 到期日Premium 期权费/权利金In the Money 实值期权Out of the Money 虚值期权At the Money 平价期权American Option 美式期权European Option 欧式期权Futures 期货Futures Contract 期货合约Obligation 义务Delivery date 交割时间Delivery price 交割价格Long position 多头头寸Short position 空头头寸Leveraged Effect 杠杆效应Reserve Requirement 存款准备金要求Insurance Company 保险公司Life Insurance 寿险Liability Insurance 责任保险Health Insurance 健康保险Property Insurance 财产保险Accident Insurance 意外保险Term Life 期限人寿保险Whole Life 终身人寿保险Universal Life 万能人寿保险Pension Fund 养老基金Pension Plan 养老金计划Risk Premium 风险溢价Liquidity Premium 流动性溢价Inflation Rate 通货膨胀率Settlement 结算Trust Services 信托Trustee 托管人Beneficiary 受益人Lease 租赁Factoring 保理Syndicated Loan 银团贷款Monetary Policy 货币政策Fiscal Policy 财政政策。
常见银行 英语词汇a cc ount number 帐号 dep osito r 存户 p ay-i n slip 存款单 a deposit form 存款单 a ban din g machine 自动存取机 to de pos it 存款 d epos it re cei pt 存款收据 pri vate de posit s 私人存款 ce rt ificat e o f d eposit 存单 dep osi t boo k, passbook 存折 credit ca rd 信用卡 p rincip al 本金 o verdraft, overdr aw 透支 to co unt er sig n 双签 t o endorse 背书 endorser 背书人 to cas h 兑现 to ho nor a cheque 兑付 to disho no r a cheque 拒付 to sus pen d paymen t 止付 cheque,check 支票 cheq ue book 支票本 order chequ e 记名支票b eare r chequ e 不记名支票 cro ssed cheq ue 横线支票 blank che que 空白支票 r ub be r che que 空头支票 cheque st ub, coun te rfoil 票根 cash che qu e 现金支票 tr aveler 's che qu e 旅行支票 cheq ue for transf er 转帐支票outs ta nding che que 未付支票canc el ed chequ e 已付支票 forged ch eque 伪支票 B an da r's n ote 庄票,银票ban ker 银行家 presid en t 行长 s av ings bank 储蓄银行 Chase Bank 大通银行 Cit iban k 花旗银行 H ong ko ng Sh ang hai Banking Cor po rati on 汇丰银行 Ch artered Ban k of In dia, Austr alia and China 麦加利银行 Banque de I'IndoChine 东方汇理银行centra l ban k, na tio nal bank, bank er's b ank 中央银行 bank of iss ue, bank of ci rcul ati on 发行币银行 comme rci al b an k 商业银行,储蓄信贷银行 mem be r ba nk, credit bank 储蓄信贷银行 discount bank 贴现银行 exc hang e bank 汇兑银行 requ esting ban k 委托开证银行 iss uin g ban k, openi ng ba nk 开证银行 advising bank, not ifyi ng bank 通知银行 negot iatio n bank 议付银行confi rming bank 保兑银行 paying ba nk 付款银行 a ssoci ate b anker of col le ctio n 代收银行 consig ned banke r of coll ection 委托银行clea ring bank 清算银行 local bank 本地银行d om estic ba nk 国内银行 o vers eas bank 国外银行 u nincorp ora ted bank 钱庄 bra nch ban k 银行分行 trustee savings ban k 信托储蓄银行t rus t comp any 信托公司 financial trus t 金融信托公司 uni t tru st 信托投资公司 trust in stit uti on 银行的信托部 cre dit d epartmen t 银行的信用部Comm erci al credit co mpany (di scount com pan y)商业信贷公司(贴现公司)nei ghb or hood sa vings bank,bank of deposit 街道储蓄所 credit union 合作银行credit bu rea u 商业兴信所 self-s ervic e bank 无人银行 land ba nk 土地银行co nst ructi on b ank 建设银行 indu stria l and co mme rci al bank 工商银行b ank of com municatio ns 交通银行mutual savings bank 互助储蓄银行post o ffi ce savi ng s bank 邮局储蓄银行mor tga ge bank, bu il di ng s oc iet y 抵押银行i ndustr ia l ban k 实业银行 home loa n bank 家宅贷款银行 res erve b ank 准备银行 charter ed bank 特许银行 corre spon ding b ank 往来银行 mer ch an t bank, acc epti ng ba nk 承兑银行 i nv estment ban k 投资银行 import a nd e xport bank (E XIMBANK) 进出口银行 jo int ventu re ban k 合资银行 mo ney s ho p, nati ve bank 钱庄 cr edi t cooper atives 信用社 cleari ng ho use 票据交换所 public ac cou ntin g 公共会计 b usines s accounting 商业会计 cost ac coun ting 成本会计 de pre ci ati on ac cou nting 折旧会计 c omp ut erized accounting 电脑化会计 g ener al ledger 总帐 sub sidiary led ger 分户帐 c ash bo ok 现金出纳帐 cash a ccount 现金帐 j our nal, day-boo k 日记帐,流水帐 ba d de bts 坏帐 inv est men t 投资 sur plu s 结余 i dle c apit al 游资 economic cycle 经济周期 e conom ic bo om 经济繁荣 economic recess ion 经济衰退 e conom ic d ep ression 经济萧条 econom ic cris is 经济危机ec onomi c r ecovery 经济复苏i nflat ion 通货膨胀 deflat ion 通货收缩de va luation 货币贬值 reval uation 货币增值 internati onal balanc e of pay me nt 国际收支 favo urable bal ance 顺差 a dverse b ala nce 逆差 har d curre ncy 硬通货 sof t cur ren cy 软通货 inte rnational m one ta ry syst em 国际货币制度 the purcha sin g power of money 货币购买力 mo ney in cir cul ation 货币流通量 n ote i ssue 纸币发行量 nat ion al bu dget 国家预算 na ti onal gross pro duc t 国民生产总值 pub lic bo nd 公债 s tock, shar e 股票 de bent ur e 债券 treas ur y bill 国库券 debt ch ain 债务链direc t ex ch ange 直接(对角套汇 ind ire ct excha nge 间接三角套汇 c ross r ate, arbit rage rate 套汇汇率 foreign cu rrency(exch ange ) r eserve 外汇储备foreign ex cha nge fluctua ti on 外汇波动foreig n exchange crisis 外汇危机di sc ou nt 贴现discount rate, bank rate 贴现率gold res erve 黄金储备m oney (fina nc ial ) mar ket 金融市场s to ck e xchange 股票交易所brok er 经纪人 commission 佣金 bo okkeep ing 簿记 bookkee per 簿记员a n applic ation form 申请单 bank st atem en t 对帐单 le tter of credit 信用证stron g r oom, v aul t 保险库equ ita ble ta x syst em 等价税则spec imen sign atur e 签字式样banking hours, bus in es s hours 营业时间银行英语口语-新开帐户What kind of acc ount di d you have in your m ind? 你想开哪种帐户?D o yo u like to open a cur rent ac cou nt?你想开一个活期存款帐户吗? A deposit o r curr ent acc ount?定期还是活期?Pl ease tell me h ow you wo uld l ike to de posi t your money.请告诉我你想存何种户头?T here's a servi ce c harge for the che cki ng a ccou nt but no charge for the savings. 支票户头要收服务费, 现金户头不收。
投资银行相关词汇BrokerA person or company that acts as an intermediary between a buyer and seller in return for a fee or commission.On Balance SheetA term given for an activity that appears on a company's balance sheet such as borrowing or lending.DerivativeA financial instrument that is attached to an underlying security or commodity, with the aim to protect against adverse price fluctuations. RestructureA change made to a company's operations, generally to reorganize and improve efficiency.UnderwriterAn intermediary between an issuer of debt securities and the investors. Investment banks usually charge a fee for this service. 经纪人在买主和卖主之间充当中介的人或公司,用酬金或佣金来作为回报。
资产负债表内在公司资产负债表上出现业务的特定术语,比如借款或贷款。
衍生工具附在基础证券或商品上,用来保护不利价格波动的金融工具。
重组对公司的运作所作的改革,通常是为了改组并提高效率。
承销商债务证券发行人和投资者之间的中介。
通常投资银行为这项服务收费。
【。
常见银行英语词汇中央银行:中国人民银行, People\'s Bank of China, PBC四大国有商业银行:中国银行, Bank of China, BOC中国工商银行, Industrial and Commercial Bank of China, ICBC中国农业银行, Agricultural Bank of China, ABC中国建设银行, China Construction Bank, CCB政策性银行:国家开发银行, China Development Bank, CDB中国农业发展银行, Agricultural Development Bank of China, ADBC中国进出口银行, The Export-Import Bank of China, China Eximbank股份制商业银行:招商银行, China Merchants Bank, CMB交通银行, Bank of Communications中国光大银行, China Everbright Bank, CEBB中国民生银行, China Minsheng Banking Corporation Ltd., CMBC华夏银行, Hua Xia Bank, HXB中信银行, China CITIC Bank兴业银行, Industrial Bank, CIB上海浦东发展银行, Shanghai Pudong Development Bank, SPDB 或SPD BANK 广东发展银行, Guangdong Development Bank, GDB深圳发展银行, Shenzhen Development Bank, SDB厦门国际银行, Xiamen International Bank, XIB投资银行:中国国际金融有限公司, China International Capital Corporation Limited, CICC世界各大银行中国银行Bank of China 中国汇丰银行Hongkong and Shanghai Banking Corp. 香港里昂信贷银行Credit Lyonnais 法国巴黎国民银行Banque Nationale de Paris 法国农业信贷国民银行de Caisse Nationale Credit Agricole 法国西太平洋银行公司Westpac Banking Corp. 澳大利亚米兰银行Midland Bank 英国劳埃德银行Lloyds Bank PLC. 英国国民西敏寺银行National Westminster Bank PLC. 英国阿比国民银行Abbey National 英国巴克莱银行Barclays Bank PLC. 英国巴西银行Banco Do Brasil 巴西花旗银行Citibank 美国汉华实业银行Manufacturers Hanover Corp. 美国大通曼哈顿银行Chase Manhattan Bank 美国第一洲际银行First Interstate Bancorp 美国梅隆国民银行Mellon National Corp. 美国美洲银行(全称/"美洲银行国民信托储蓄会/") Bank America Corp( /"Bank of America National Trust and Savings Associations/") 美国摩根保证信托银行Morgan Guaranty Trust Corp. of New York 美国纽约化学银行Chemical New York Corp. 美国纽约银行家信托公司Bankers Trust New York Corp. 美国芝加哥第一国民银行First Chicago Corp. 美国太平洋安全银行Security Pacific Corp 美国西德意志地方银行Westdeutsche Landesbank Girozentrale 德国德累斯顿银行Dresdner Bank 德国德意志银行Deutsche Bank 德国富士银行Fuji Bank 日本大和银行Daiwa Bank 日本第一劝业银行Dai-Ichi Kangyo Bank 日本东海银行Tokai Bank 日本东京银行Bank of Tokyo 日本日本兴业银行Industrial Bank of Japan 日本三和银行Sanwa Bank 日本三井银行Mitsui Bank 日本三菱银行Mitsubishi Bank 日本住友信托银行Sumitomo Trust & Banking 日本国民劳动银行Banca Nazionale del Lavoro 意大利都灵圣保罗银行Istituto Bancario SanPaolo Di Torino 意大利伦巴省储蓄银行Cassa Di Risparmio Delle Provincie Lombarde 意大利西亚那银行Monte Dei Paschi Di Siena 意大利意大利商业银行Banca Commerciale Italiana 意大利意大利信贷银行Credito Italiano 意大利多伦多自治领银行Toronto-Dominion Bank 加拿大加拿大帝国商业银行Canadian Imperial Bank of Commerce 加拿大加拿大皇家银行Royal Bank of Canada 加拿大荷兰农业合作社中央银行Cooperatieve Centrale Raifferssen-Boerenleenbank 荷兰荷兰通用银行Algemene Bank Nederland 荷兰瑞士联合银行Union Bank of Switzerland 瑞士瑞士信贷银行Credit Suisse 瑞士瑞士银行公司Swiss Bank Corp. 瑞士XXX(银行名称),GUANGZHOU BRANCH,XXX ROAD SUBBRANCH银行术语account number 帐号depositor 存户pay-in slip 存款单a deposit form 存款单a banding machine 自动存取机to deposit 存款deposit receipt 存款收据private deposits 私人存款certificate of deposit 存单deposit book, passbook 存折credit card 信用卡principal 本金overdraft, overdraw 透支to counter sign 双签to endorse 背书endorser 背书人to cash 兑现to honor a cheque 兑付to dishonor a cheque 拒付to suspend payment 止付cheque,check 支票cheque book 支票本order cheque 记名支票bearer cheque 不记名支票crossed cheque 横线支票blank cheque 空白支票rubber cheque 空头支票cheque stub, counterfoil 票根cash cheque 现金支票traveler's cheque 旅行支票cheque for transfer 转帐支票outstanding cheque 未付支票canceled cheque 已付支票forged cheque 伪支票Bandar's note 庄票,银票banker 银行家president 行长savings bank 储蓄银行central bank, national bank, banker's bank 中央银行bank of issue, bank of circulation 发行币银行commercial bank 商业银行,储蓄信贷银行member bank, credit bank 储蓄信贷银行discount bank 贴现银行exchange bank 汇兑银行requesting bank 委托开证银行issuing bank, opening bank 开证银行advising bank, notifying bank 通知银行negotiation bank 议付银行confirming bank 保兑银行paying bank 付款银行associate banker of collection 代收银行consigned banker of collection 委托银行clearing bank 清算银行local bank 本地银行domestic bank 国内银行overseas bank 国外银行unincorporated bank 钱庄branch bank 银行分行trustee savings bank 信托储蓄银行trust company 信托公司financial trust 金融信托公司unit trust 信托投资公司trust institution 银行的信托部credit department 银行的信用部commercial credit company(discount company) 商业信贷公司(贴现公司)neighborhood savings bank, bank of deposit 街道储蓄所credit union 合作银行credit bureau 商业兴信所self-service bank 无人银行land bank 土地银行mutual savings bank 互助储蓄银行post office savings bank 邮局储蓄银行mortgage bank, building society 抵押银行industrial bank 实业银行home loan bank 家宅贷款银行reserve bank 准备银行chartered bank 特许银行corresponding bank 往来银行merchant bank, accepting bank 承兑银行investment bank 投资银行import and export bank (EXIMBANK) 进出口银行joint venture bank 合资银行money shop, native bank 钱庄credit cooperatives 信用社clearing house 票据交换所public accounting 公共会计business accounting 商业会计cost accounting 成本会计depreciation accounting 折旧会计computerized accounting 电脑化会计general ledger 总帐subsidiary ledger 分户帐cash book 现金出纳帐cash account 现金帐journal, day-book 日记帐,流水帐bad debts 坏帐investment 投资surplus 结余idle capital 游资economic cycle 经济周期economic boom 经济繁荣economic recession 经济衰退economic depression 经济萧条economic crisis 经济危机economic recovery 经济复苏inflation 通货膨胀deflation 通货收缩devaluation 货币贬值revaluation 货币增值international balance of payment 国际收支favourable balance 顺差adverse balance 逆差hard currency 硬通货soft currency 软通货international monetary system 国际货币制度the purchasing power of money 货币购买力money in circulation 货币流通量note issue 纸币发行量national budget 国家预算national gross product 国民生产总值public bond 公债stock, share 股票debenture 债券treasury bill 国库券debt chain 债务链direct exchange 直接(对角)套汇indirect exchange 间接(三角)套汇cross rate, arbitrage rate 套汇汇率foreign currency (exchange) reserve 外汇储备foreign exchange fluctuation 外汇波动foreign exchange crisis 外汇危机discount 贴现discount rate, bank rate 贴现率gold reserve 黄金储备money (financial) market 金融市场stock exchange 股票交易所broker 经纪人commission 佣金bookkeeping 簿记bookkeeper 簿记员an application form 申请单bank statement 对帐单letter of credit 信用证strong room, vault 保险库equitable tax system 等价税则specimen signature 签字式样banking hours, business hours 营业时间XXX(银行名称),GUANGZHOU BRANCH,XXX ROAD SUBBRANCH银行英语口语-新开帐户What kind of account did you have in your mind?你想开哪种帐户?Do you like to open a current account?你想开一个活期存款帐户吗?A deposit or current account?定期还是活期?Please tell me how you would like to deposit your money.请告诉我你想存何种户头?There's a service charge for the checking account but no charge for the savings.支票户头要收服务费,现金户头不收。
投资银行学的英语作文Introduction:Investment banking is a multifaceted industry that plays a crucial role in the global financial system. This essay will delve into the intricacies of investment banking, its importance in the economy, and the unique challenges it faces, all through the lens of the English language.The Role of Investment Banks:Investment banks act as intermediaries between corporations and capital markets, facilitating the raising of funds for expansion, mergers, and acquisitions. They provideunderwriting services, where they guarantee the sale of a company's securities at a predetermined price, thusmitigating the risk for the issuer.Mergers and Acquisitions (M&A):M&A is a significant aspect of investment banking. Banksadvise companies on the strategic and financial implicationsof mergers, acquisitions, or divestitures. The English language is instrumental in these negotiations, as it isoften the lingua franca in international business.Initial Public Offerings (IPOs):An IPO is the process by which a private company goes publicby offering its shares to the public in a new stock issuance. Investment banks play a pivotal role in valuing the company, structuring the deal, and marketing the shares to investors.The ability to communicate effectively in English isessential for reaching a global investor base.Risk Management:Investment banks are also involved in risk management, helping clients to hedge against financial risks such as interest rate fluctuations, currency movements, and commodity price volatility. English is the primary language for financial reports and risk assessment documents, making proficiency in the language a necessity.Challenges in Investment Banking:The industry faces numerous challenges, including regulatory compliance, market volatility, and the need for technological innovation. English is often the medium for discussing these challenges at international forums and in regulatory documents.The Impact of Technology:Technology has revolutionized investment banking, with advancements in software and algorithms enabling moreefficient trading and analysis. English is the primary language for coding and for the development of financial technology (fintech) products.Conclusion:Investment banking is a complex and dynamic field that relies heavily on the English language for its operations. From facilitating global transactions to navigating regulatory landscapes, English serves as the bridge that connects the world of finance. As the industry continues to evolve, therole of English in investment banking will remain as vital as ever.。
投资银行的专业术语及解释2012年03月02日 20:33:21The glossary below gives definitions for a number of words and phrases that you will be likely to come across in your application.AAll Ordinaries: A type of bond index.Analyst: A person who contributes strategic data from the studying of financial markets and components of them.Asset Management: The professional management of the assets of private individuals, or institutions, aimed at the realisation of an optimal investment result.Assets: The resources available to an individual or organisation.BBlock Trade: A trade involving a large quantity of stock or monetary amount of bonds.Bond: In its simplest form, a bond is a loan under a term of contract for the borrower to repay at a specific date in the future, and at an agreed upon interest rate the amount to the lender.Brokerage: A commission or charge by an intermediary, such as a stockbroker, for the execution of a transaction.CCapital Adequacy: Measure of a company's financial strength, often expressed in equity as a percentage of balance sheet total.Clearing and Settlement: A process of completing a transaction.Commercial Paper: Debt instrument issued by large companies with a term of 1 to 12 months as an alternative to bank borrowings.Commission: Payments made by the provider of a product to its seller for its sale/maintenance.Convertible Bond: A credit instrument which is convertible intoequity.Corporate Bond: Obligations issued by corporations.Corporate Finance: Activities in fields of mergers, acquisitions, privatisations, advisory services and origination.Credit Rating: The assessment of the financial situation of a country, company or institution to establish creditworthiness.Currency: Money in circulation as a means of financial exchange.Currency Risk: Price risk relating to exchange rates fluctuations.DDerivatives: Financial instruments whose value is derived from the price of one or several underlying .Disclosure: The release of information relevant to a transaction.EEconomic Profit: Net profit after tax less risk-adjusted cost of capital.Economics: The science of the production and consumption of goods and services.Equity: The value of the ownership of an investment.FFinancial Models: Tools used to determine the value of an investment in a company, commodity, currency, government initiative, etc. An analyst may consider past performance, market trends, political climate and overall value of the issuer, for example.Fixed Income: Interest-bearing notes, bonds and bills that pay a specified percentage of interest over the life of the loan.Fundamental Analysis: The research approach that considers economic and monetary factors.Future: A contract obligating the holder to buy or sell a commodity or security at a specific price on a specific date.GGAAP: Generally Accepted Accounting Principles.HHedge: Is the act of protecting a position by balancing risks. Hedges can be either long or short. Hedges are often done with derivative products.Hedge Fund: A fund invested in a way to provide balance against risks taken as a result of other investments.IInterest Rate Risk: Degree to which fluctuations in long and short-term interest rates have a negative influence on the bank's result.Investment Bank: Traditionally, a company that prepares financial offerings for public sale.IPO (Initial Public Offering): The first issue of stock or other securities by a company for sale to the public.Issue: A series or quantity of financial securities made available for sale.JJoint Venture: Cooperative venture between two or more separate legal entities.MMarket Risk: Risk relating to fluctuations in stock exchange prices and/or interest rates.MTN (Medium-term notes): Bonds with a maturity of 2 to 10 years.Mutual Fund: A fund operated by an investment firm that raises capital from shareholders to invest in stocks, bonds, options, commodities or money market securities.OOpen-end Fund: A mutual fund that offers and redeems its shares on a daily basis.Options: The right to buy or sell a commodity or security on a specific date for a predetermined price. The investor forfeits the investment money if the right is not exercised by the option expiration date.PPreference Share: Share that receives a fixed rate of dividend prior to ordinary shares.Private Banking: Dedicated to the development and execution of the policy in relation to high net-worth clients and small and medium-sized institutional investors.Private Equity: Investment capital provided by individuals or closely-held companies.Public Offerings: Process and documents related to making securities available for sale to the public.QQualitative Research: Research into how an investment's results were achieved including the quality of the people, strategies, systems and infrastructure that achieved them.Quantitative Research: Numbers-related research using statistical analysis of past performance of companies, products, segments, etc.SScenario Analysis: Method used to measure and manage the interest rate risk, for instance. Using various assumptions about future interest rate movements, net interest revenue is estimated.Securities: Stocks and bonds.Stock: Ownership of a piece of a corporation represented in shares.Syndicate: A group of investors that agrees to purchase securities from an issuer for resale.TTraders: People who buy and sell securities for brokers, dealers, and for their own accounts.TRS (Total Return to Shareholders): Share price appreciation plus dividend yield.VVenture Capital: Investment in risk capital of business for the account and at the risk of the bank.Volatility: Statistical measure for the degree to which market rates fluctuate over time.。
金融英语单词1、Investment banking 投资银行2、Invest 投资3、Investor 投资者4、Speculate 投机5、Speculator 投机者6、Speculation 投机交易7、Surplus 盈余;顺差8、Budget surplus 预算盈余9、Trade surplus 贸易顺差10、Deficit 赤字;不足额11、Government deficit 政府赤字12、Trade deficit 贸易逆差13、Balance of payment 国际收支14、Strategy 战略;策略15、Strategic 战略上的,战略的16、Strategist 战略家,军事家17、Analyze vt.分析,研究18、Analysis n.分析19、Analyst 分析师20、Chief executive officer (CEO) 首席执行官;总裁21、Infrastructure 基础设施22、Standard of living 生活水平;生活标准23、Public transportation 公共交通;公共运输24、Mass transit 大众运输25、Incentive 动机;刺激;诱因26、Supply demand 供给需求27、Policyholder 投保人28、Rate of return 收益率29、Expected rate of return 预期收益率30、Interest 利息31、Interest rate 利率32、Dividend 股息,红利33、Profit 利润34、Loss 缺失35、Financial intermediary 金融中介机构36、Primary market 一级市场37、Secondary market 二级市场38、Financial instrument 金融工具39、Trust company 信托公司40、Credit union 信用合作社41、Mutual funds 共同基金42、Mortgage broker 贷款经纪人43、Pension fund 养老基金44、Insurance company 保险公司45、Venture capital Company 风险投资公司46、Joint venture 合资企业,联合经营47、Stock exchange 证券交易所48、Transaction 交易49、Listed company 上市公司50、Commodity 商品;期货51、Crude oil 原油52、Physical market 现货市场53、Intangible (notional) market 无形市场54、Nasdaq 纳斯达克55、Over the counter market OTC 场外交易场所56、Debt 债务;负债57、Equity 权益;股本58、Share 股份59、Stock 股票60、Common share 一般股61、Preferred share 优先股62、Money market 货币市场63、Capital market 资本市场64、Banker’s acceptance 银行承兑65、Commercial paper 商业票据66、Operating bank loan 营业贷款67、Marketability 适销性68、Liquidity 流淌性;变现能力69、Liquid 流淌70、Security 证券71、Broker 经纪人72、Brokerage 回扣;佣金73、Capital structure 资本结构74、Corporation 股份公司75、Default 违约76、Derivatives 金融衍生品77、Market maker 做市商78、Market risk 市场风险79、Offer (ask) 出售报价80、Bid 买入81、Portfolio 投资组合[pɔ:t'fəuljəu, ,pəut-]82、Price transparency 价格透亮度83、Private placement 私募配售84、Risk averse 规避风险85、Risk premium 风险溢价86、Risk profile 风险分析图87、Bankrupt 破产88、Bankruptcy 破产89、Asset 总资产90、Liability 责任;负债91、Face value, par 面值92、Principal 本金93、Maturity 到期94、Coupon rate 票面利率95、Discount 贴现96、Premium 溢价;盈利;升水['pri:miəm]97、Current yield 当期收益率98、Yield to maturity YTM 到期收益率99、Issuer 发行人;证券发行者100、Rating agency 评级公司101、Standard & Poor’s 标普102、Moody’s 穆迪103、Fitch 惠誉评级104、Bonds 债券105、Corporate bond 公司债券106、Municipal bond 市政债券;地点债券107、Convertible bond 可转债108、Zero coupon bonds 零息债券109、Junk bonds 垃圾债券110、Bull market 牛市111、Bear market 熊市112、Capital gain 资本利得113、Capital loss 资本缺失114、Credit risk 信用风险115、Fixed interest rate 固定利率116、Floating interest rate 浮动利率117、Foreign bonds 外国债券118、International bonds 国际债券119、Yield 收益(率)120、Yield curve 收益曲线121、Initial public offering IPO 首次公布发行122、American depositary shares ADS 美国存托股票123、American depositary receipt ADR 美国存托凭证124、Blue chip 蓝筹股125、Red chip 红筹股126、Growth stock 增长型股票127、Value stock 价值型股票128、Over valued 高估129、Under valued 低估130、Fundamental analysis 差不多分析131、Technical analysis 技术分析132、Business cycle 经济周期;商业周期133、Recovery 复苏时期134、Booming 繁荣时期135、Recession 衰退时期136、Depression 萧条时期137、The Great Depression 大萧条138、Financial statement (report) 财务报表139、Balance sheet 资产负债表140、Income statement 损益表141、Revenue 收入142、Outstanding 逾期未付143、Earnings per share EPS 每股收益144、Gross domestic product GDP 国内生产总值145、Gross national product GNP 国民生产总值146、Inflation rate 通胀率147、Merger and acquisition 并购148、Multinational Corporation 跨国公司149、Payout ratio 派息率150、Price earnings ratio P/E ratio 市盈率,本益比151、Private company 私人持股公司152、Public company 股票上市公司153、Stock symbols 证券交易代码154、Listing 挂牌;上市155、Delisting 退市156、Index 指数157、Indicator 指标158、Syndicate 银团159、Underwriting 承销160、Future 期货161、Option 期权162、Put option 看跌期权163、Call option 看涨期权164、Forward 远期165、Swap 互换;掉期166、Underlying commodity 基础商品167、Counterparty risk 交易对手违约风险168、Foreign exchange risk 外汇风险169、Sovereign risk 主权风险;政治风险170、Insurance 保险171、Life insurance 人身保险;人寿险172、Property insurance 财产保险173、Automobile insurance 汽车保险174、Money laundering 洗钱['lɔ:ndəriŋ, 'lɑ:n-]。
金融行业英语词汇大全一、债券和股票- Bond(债券)- Stock(股票)- Share(股份)- Dividend(股息)- Equity(股权)- Coupon(利息券)- Par Value(面值)- Yield(收益率)- Maturity(到期日)- Initial Public Offering (IPO)(首次公开募股)二、投资和交易- Investment(投资)- Portfolio(投资组合)- Asset(资产)- Liability(负债)- Hedge Fund(对冲基金)- Mutual Fund(共同基金)- Stock Exchange(证券交易所)- Bull Market(牛市)- Bear Market(熊市)- Option(期权)三、银行和金融机构- Bank(银行)- Investment Bank(投资银行)- Central Bank(中央银行)- Retail Bank(零售银行)- Mortgage(抵押贷款)- Loan(贷款)- Interest Rate(利率)- ATM(自动取款机)- Credit Card(信用卡)四、风险管理和保险- Risk Management(风险管理)- Insurance(保险)- Underwriter(承销商)- Premium(保费)- Claim(索赔)- Policyholder(保单持有人)- Insurer(保险公司)- Reinsurance(再保险)- Actuary(精算师)- Catastrophe(灾难)五、国际金融- International Trade(国际贸易)- Foreign Exchange (Forex)(外汇)- Exchange Rate(汇率)- Tariff(关税)- Balance of Trade(贸易余额)- World Bank(世界银行)- International Monetary Fund (IMF)(国际货币基金组织)- Free Trade Agreement(自由贸易协议)- World Trade Organization (WTO)(世界贸易组织)- Globalization(全球化)以上是金融行业英语词汇大全的部分内容,希望对您有所帮助。
投行名词词汇讲解投行名词词汇讲解投行(Investment Bank)是指从事证券发行、财务咨询和证券交易的金融机构。
它的主要业务包括企业融资、证券发行、并购重组、资产管理、研究等。
1. IPO(Initial Public Offering)- 首次公开发行IPO是指一家公司首次将其股份公开发行给公众,以筹集资金。
投行在这一过程中扮演着核心角色,为公司提供发行股票的建议、定价、销售和市场推广等服务。
2. M&A(Merger and Acquisition)- 并购M&A是指企业通过收购或合并其他公司来实现业务扩张或优化资源配置的行为。
投行在M&A交易中提供财务咨询、估值、谈判、交易结构设计等专业服务,帮助公司顺利完成交易。
3. Underwriting - 承销承销是指投行将发行公司的证券购入并承诺将其全部出售给市场投资者,为发行公司提供资金保证。
投行通过分销机构将发行股票或债券出售给潜在投资者。
4. Debt Capital Markets(DCM)- 债务资本市场债务资本市场是指债券发行和交易的市场。
投行在债务资本市场中发挥着关键作用,帮助发行公司筹集债券资金,并提供债券的定价和交易支持。
5. Equity Capital Markets(ECM)- 股权资本市场股权资本市场是指股票发行和交易的市场。
投行在股权资本市场中为发行公司提供股票发行的建议和支持,并通过股票交易帮助投资者买卖股票。
6. Sales and Trading - 销售与交易销售与交易是投行的重要业务之一,包括向机构投资者销售证券产品、提供交易策略和执行交易等。
投行通过销售交易业务为客户提供流动性和市场访问。
7. Research - 研究投行的研究部门为客户提供金融市场和投资分析的研究报告。
这些报告可以帮助投资者了解市场趋势、行业发展和公司价值,从而做出投资决策。
8. Asset Management - 资产管理资产管理是指投行通过管理客户的资金和投资组合,帮助客户实现投资目标。
投资银行的英文翻译投资银行英文怎么说投资银行的英文例句投资银行的英文翻译与发音投资银行投资银行的中英文例句与用法投资银行的相关词汇及其英文翻译投资银行的英文翻译与发音[tóuzīyínxíng]investment bankinginvestment [in'vestmәnt]n.投资,可获利的东西banking [bæŋkiŋ]n.银行业投资银行的中英文例句与用法成为专注于中国业务的国际领先投资银行。
T o bee a leading china-focused international investment bank.我准备和一家小型投资银行合作I'm gonna go with a ... all investment bank firm.迅速扩大的纽约投资银行。
The fast-growing new york investment bank.一旦贷款通常就是卖给了投资银行。
Once processed the loan is usually sold to an investment bank.这是我们的目标,玉王投资银行This is our target okwang investment bank.但是许多投资银行不敢奢望称霸全球。
But most investment banks do not have the luxury of also being a big universal bank.投资银行是西方国家资本市场的重要主体。
Investment banking is a principal part in capital market of the western countries.投资银行是在一级市场首次公开招股的主要包销商。
Investment banks are the principal underwriters for initial public offerings in the primary market.英国商业银行与其美国的对手方——华尔街投资银行。
银行常用的英语词汇有关银行常用的英语词汇investment bank 投资银行import and export bank (EXIMBANK) 进出口银行joint venture bank 合资银行money shop, native bank 钱庄credit cooperatives 信用社clearing house 票据交换所public accounting 公共会计business accounting 商业会计cost accounting 成本会计depreciation accounting 折旧会计computerized accounting 电脑化会计general ledger 总帐subsidiary ledger 分户帐cash book 现金出纳帐cash account 现金帐journal, day-book 日记帐,流水帐bad debts 坏帐investment 投资surplus 结余idle capital 游资economic cycle 经济周期economic boom 经济繁荣economic recession 经济衰退economic depression 经济萧条economic crisis 经济危机economic recovery 经济复苏inflation 通货膨胀deflation 通货收缩devaluation 货币贬值revaluation 货币增值international balance of payment 国际收支favourable balance 顺差adverse balance 逆差hard currency 硬通货soft currency 软通货international monetary system 国际货币制度the purchasing power of money 货币购买力money in circulation 货币流通量note issue 纸币发行量national budget 国家预算national gross product 国民生产总值public bond 公债stock, share 股票debenture 债券。
金融专业英语词汇大全一、基本金融术语1. 金融(Finance):指货币的筹集、分配和管理活动。
2. 银行(Bank):提供存款、贷款、支付结算等金融服务的机构。
3. 证券(Securities):代表财产所有权或债权的凭证,如股票、债券等。
4. 投资(Investment):将资金投入到某个项目或资产,以获取收益的行为。
5. 债务(Debt):借款人向债权人承诺在一定期限内偿还本息的义务。
6. 股票(Stock):股份有限公司发行的,代表股东对公司所有权和收益分配权的凭证。
7. 债券(Bond):债务人向债权人发行的,承诺按一定利率支付利息并在到期日偿还本金的债务凭证。
8. 利率(Interest Rate):资金的价格,反映资金借贷的成本。
9. 汇率(Exchange Rate):一种货币兑换另一种货币的比率。
10. 通货膨胀(Inflation):货币购买力下降,物价普遍持续上涨的现象。
二、金融衍生品词汇1. 金融衍生品(Financial Derivatives):基于现货金融工具派生出来的新型金融工具。
2. 期货(Futures):双方约定在未来某一时间、按约定的价格买卖某种标的物的合约。
3. 期权(Options):买卖双方在未来一定期限内,按约定价格买入或卖出某种标的物的权利。
4. 掉期(Swap):双方约定在未来某一时间,相互交换一系列现金流的合约。
5. 远期合约(Forward Contract):双方约定在未来某一时间、按约定的价格买卖某种标的物的合约。
三、金融机构及监管部门词汇1. 中央银行(Central Bank):国家金融政策制定和执行的机构,如中国人民银行。
2. 商业银行(Commercial Bank):以盈利为目的,提供存款、贷款、支付结算等金融服务的银行。
3. 证券公司(Securities Company):从事证券经纪、投资咨询、资产管理等业务的金融机构。
account number 帐目编号depositor 存户pay-in slip 存款单 a deposit form 存款单 a banding machine 自动存取机to deposit 存款deposit receipt 存款收据private deposits 私人存款certificate of deposit 存单deposit book, passbook 存折credit card 信用卡principal 本金overdraft, overdraw 透支to counter sign 双签to endorse 背书endorser 背书人to cash 兑现to honor a cheque 兑付to dishonor a cheque 拒付to suspend payment 止付cheque,check 支票cheque book 支票本order cheque 记名支票bearer cheque 不记名支票crossed cheque 横线支票blank cheque 空白支票rubber cheque 空头支票cheque stub, counterfoil 票根cash cheque 现金支票traveler's cheque 旅行支票cheque for transfer 转帐支票outstanding cheque 未付支票canceled cheque 已付支票forged cheque 伪支票Bandar's note 庄票,银票banker 银行家president 行长savings bank 储蓄银行Chase Bank 大通银行National City Bank of New Y ork 花旗银行Hongkong Shanghai Banking Corporation 汇丰银行Chartered Bank of India, Australia and China 麦加利银行Banque de I'IndoChine 东方汇理银行central bank, national bank, banker's bank 中央银行bank of issue, bank of circulation 发行币银行commercial bank 商业银行,储蓄信贷银行member bank, credit bank 储蓄信贷银行discount bank 贴现银行exchange bank 汇兑银行requesting bank 委托开证银行issuing bank, opening bank 开证银行advising bank, notifying bank 通知银行negotiation bank 议付银行confirming bank 保兑银行paying bank 付款银行associate banker of collection 代收银行consigned banker of collection 委托银行clearing bank 清算银行local bank 本地银行domestic bank 国内银行overseas bank 国外银行unincorporated bank 钱庄branch bank 银行分行trustee savings bank 信托储蓄银行trust company 信托公司financial trust 金融信托公司unit trust 信托投资公司trust institution 银行的信托部credit department 银行的信用部commercial credit company(discount company) 商业信贷公司(贴现公司)neighborhood savings bank, bank of deposit 街道储蓄所credit union 合作银行credit bureau 商业兴信所self-service bank 无人银行land bank 土地银行construction bank 建设银行industrial and commercial bank 工商银行bank of communications 交通银行mutual savings bank 互助储蓄银行post office savings bank 邮局储蓄银行mortgage bank, building society 抵押银行industrial bank 实业银行home loan bank 家宅贷款银行reserve bank 准备银行chartered bank 特许银行corresponding bank 往来银行investment bank 投资银行merchant bank, accepting bank 承兑银行import and export bank (EXIMBANK) 进出口银行joint venture bank 合资银行money shop, native bank 钱庄credit cooperatives 信用社clearing house 票据交换所public accounting 公共会计business accounting 商业会计cost accounting 成本会计depreciation accounting 折旧会计general ledger 总帐computerized accounting 电脑化会计subsidiary ledger 分户帐cash book 现金出纳帐cash account 现金帐journal, day-book 日记帐,流水帐bad debts 坏帐investment 投资surplus 结余idle capital 游资economic cycle 经济周期economic boom 经济繁荣economic recession 经济衰退economic depression 经济萧条economic crisis 经济危机economic recovery 经济复苏inflation 通货膨胀deflation 通货收缩devaluation 货币贬值revaluation 货币增值international balance of payment 国际收支favourable balance 顺差adverse balance 逆差hard currency 硬通货soft currency 软通货international monetary system 国际货币制度the purchasing power of money 货币购买力money in circulation 货币流通量note issue 纸币发行量national budget 国家预算national gross product 国民生产总值public bond 公债stock, share 股票debenture 债券treasury bill 国库券debt chain 债务链direct exchange 直接(对角)套汇indirect exchange 间接(三角)套汇cross rate, arbitrage rate 套汇汇率foreign currency (exchange) reserve 外汇储备foreign exchange fluctuation 外汇波动foreign exchange crisis 外汇危机discount 贴现discount rate, bank rate 贴现率gold reserve 黄金储备money (financial) market 金融市场stock exchange 股票交易所broker 经纪人commission 佣金bookkeeping 簿记bookkeeper 簿记员an application form 申请单bank statement 对帐单letter of credit 信用证strong room, vault 保险库equitable tax system 等价税则specimen signature 签字式样banking hours, business hours 营业时间minimum paid-up share capital 最低实缴股本reciprocity 互惠corresponding bank 代理行liaison office 联络办公室moratorium 延期偿付权legislation 法规innovation 改革underwriting 包销merge 合并portfolio 资产组合unit trust 单位投资信托arbitrage 套汇deregulation 放松管制capital adequacy ratio 资本充足率derivative 金融衍生工具maturity 到期日redemption 兑现certificates of indebtedness 债务证书linked exchange rate 联系汇率accounting arrangements 会计安排resumption of sovereign 收回主权holding company 控股公司privileges 特权legal tender 法币medium of exchange 交换媒介deferred payment 延期支付face value 面值mintage 铸币homogeneity 同质权fiat money 不兑换纸币,名义纸币negotiable certificates of deposits 大额转让存单narrowly-defined 狭义定义的broadly-defined 广义定义的required reserve 法定准备金excess reserve 超额准备金monetary base 货币{流通}基础open market operations 公开市场操作auction 拍卖non-intervention 不干涉主义net balance 净差{余}额book value per share 每股帐面价值advance 贷款retained earnings 留存收益risk-weighted assets 风险加权资产off-balance sheet items 表外业务项目collateral 抵押claims 债权denominate 面值residual maturity 剩余期限mortgage 住房抵押arrears 拖欠尾数default 违约on-balance sheet items 表内业务contingency 意外开支repurchase agreement 回购协议recourse 追索权irrevocable 不可撤消rediscounting 在贴现market risk exposure市场风险position 头寸debt-to-equity ratio 资产负债比率treasure bond 国库券leasing 租赁money laundering 洗钱treasure bill 国库券bankruptcy 破产credit securitization 信用证券化real time gross settlement 实时全额清算off-shore 离岸borrow money on credit 信用借款clearing bank清算行discount house 贴现行privileged position 最优惠头寸building society 建房协会Japanese Big Bang 日本金融改革wire transfer 电子转帐dual banking system 双轨银行制度laissez-faire 自由放任主义negotiable 可流通的installment 分期付款benchmark 基准利率turnover 成交额outstanding 未付的in favour of 以^为受益人promissory note 本票unsecured 无担保的prime rate 最优惠利率preference share 优先股ordinary share 普通股warrant 认股权current market value 当期市值option contract 期权合同hedging 套期保值Provident Fund 福利基金beneficiary 受益人collecting bank 代收行code 代号,代码,密码uncleared cheque 未清偿支票invoice 发票credit transfer 信用转帐endorsement 背书bearer 持票人defective title 有瑕疵的所有权down payment 首付款traveller's cheque 旅行支票bearer bonds 不记名债券crossed cheque划线支票countersign 联署paying bank 付款行transferable 可转让holder in due course 正当持票人holder in value 有代价持票人overdue 过期dishonoured cheque 拒付支票countermand 取消repo repurchase agreement 回购协议garnishee order 向第三债务人下达的资产扣押令winding-up 停业清理secured loan 担保贷款overdraft 透支real estate mortgage 房地产抵押chattel mortgage 动产抵押in presence of 提示reimbursement 偿还access 准入withholding interest tax 预扣税custodian 保管automatic teller machine 自动取款机personal identity number 密码.个人识别号passbook 存折insurance broker 保险经纪人hire purchase 租购working capital loan 周转资金start-up loan 创业贷款syndicated loan 辛迪加贷款project financing 项目融资foreign trade financing 对外贸易融资current assets 流动资产accounts receivable 应收帐款agent bank 代理行drawdown period 支用期grace period 宽限期principle 本金tombstone 证券发行公告factoring facilities 保理业务open credit 无担保贷款factor 保理lessee 承租人lessor 出租人non-resourse 无追索权financial lease 金融租赁operating lease 经营租赁full payout lease 支付租赁true lease 真实租赁conditional lease 条件租赁leverage lease 杠杆租赁electronic date interchange services 电子数据交换服务retail bank 商业零售银行private bank 私人银行merchant bank 商人银行risk preference 风险偏好risk taking investor 甘冒风险的投资者risk aversion investor 逃避风险的投资者macroeconomic oriented 以宏观经济为导向的equities origination 股票发行venture capital financing 风险资本融资the spread 价差interest rate swap 利率互换leverage buyout 杠杆收购junk bond 垃圾债券red chips 红筹股"h" shares H股trustee 受托人collection 托收production cost 生产成本production combination 生产联合comparative advantage 相对优势middle agent 中间代理eliminate exchange risk 消除外汇风险shipping insurance 海险guarantee 担保performance bond 履约保证import credit 进口信贷dividends 分红money transfer 转帐bank draft 银行汇票mail transfer 信汇telegraphic transfer 电汇test key测试密钥telex 电报Society for World Inter-bank Financial Telecommunications 环球银行间金融电讯协会standardized format 标准格式clearing house 结算所computer code 电脑代码additional cost 附加成本foreign exchange rate 外汇汇率swing 浮动spot rate 现汇汇率market rate 市场汇率cross rate 交叉汇率forward exchange contract 远期外汇合同currency future contract 货币期货合同quotation 报价单rolling forex 展期外汇option on foreign exchange 外汇期权strike price 执行价格expiry date 到期日call option 多头期头put option 空头期权foreign exchange hedge 外汇套期保值foreign exchange swap 外汇掉期superannuation 养老基金pension funds 退休基金brokerage fee 经纪人佣金optimum profit 最高收益canon 标准illegal activities 非法行为speculative purpose 投机目的repayment schedule 还款安排balance sheet 资产负债表income statement 利润表long-term loan 长期贷款country-risk 国别风险quantitative yardstick 定量的评判标准credit risk 信用风险risk assessment 风险评估margin 保证金legal authority 法定权力memorandum and articles of association 公司章程cushion of assets 资产缓冲safe title 所有权credit reference agency 信用查询机构credit standing 信用状况consumer loan 消费信贷bonus 奖金gratuity 退休金track record 工作履历minor's account 未成年人帐sole proprietors 独资企业private limited company私人有限公司public limited company 公共有限公司inter-bank lending /borrowing 同业拆借the inter-bank money market 同业拆借市场local currency 本国货币marginal cost 边际成本inter-bank rate 同业拆借利率contingency payout 意外支出natural disaster 自然灾害legal status 法定地位documentary credit 跟单信用证documentary collection 跟单托收export credit insurance 出口信贷保险shipment policy 装运保险单issuing bank 开证行advising bank 通知行confirming bank 保兑行applicant 开证申请人irrevocable documentary letter of credit 不可撤消信用证reimbursing bank 偿付行negotiating bank 议付行verification 证实confirmed credit 保兑信用证payment in advance 预付贷款remitting bank 托收行collecting bank 代收行sight bill 即期汇票term bill 远期汇票clean collection 光票托收bill of lading 提单certificate of origin airway bill 航空联运certificate of inspection 检验证明insurance policy certificate 保单证明open account 赊销premium 保险费stockbroking 股票经纪going concern 持续经营net profit 净收益audited accounts 经过审计的帐户registration certificate 注册证明inheritance 遗产tangible security 有形担保intangible personal guarantee 无形个人担保deed 契约dormant partner 不参与经营的合伙人limited partner 有限责任合伙人aggressive management 扩张性管理defensive management 保守性管理gearing 举债经营prior charge 优先偿付债券charges on assets 以资产抵押fixed charge 固定抵押floating charge 浮动抵押overtrading 超资力经营life policy 人寿保险depreciation 折旧indemnity 赔偿legal mortgage 法定抵押leasehold mortgage 衡平法抵押surrender value 租赁财产抵押stocks and shares 股票和证券unquoted shares 非挂牌{上市}股票cross-guarantee 交叉担保under influence 不正当影响misrepresentation 与事实不符合的陈述debenture 债券run down 削减acknowledgement 确认tangible assets 有形资产intangible assets 无形资产copy right 版权goodwill 商誉net worth 资产净值cash flow 现金流量current ratio 流动比率quick ratio 速动比率quality of assets 资产质量investment strategy 投资策略trend analysis 趋势分析debt to equity ratio 债务产权率debt service ratio 还本付息比;偿债比率amortization 摊销receivable turnover 应收帐款inventory turnover存货周转write off 注销recession (经济)衰退social unrest 社会动荡uncleared funds 未清算资金credit limit 信贷限额bad debt 坏帐loan restructuring 贷款重新安排recovery 追陪offsetting 补偿legal proceeding 诉讼litigation solicitor诉讼律师Baby bond 小额股票Background 背景background investigation 背景调查background material 背景材料Bad 坏的bad account 坏帐,呆帐bad debt loss 坏帐损失bad debt recovey 呆坏帐收回bad title 失效产权Balance 余额,结余,差额,平衡adverse balance 收支逆差balance budget 平衡预算balance of international trade 国际贸易差额balance of payment 国际收支balance sheet 资产负债表balance sheet audit 资产负债表审计balance sheet classification 资产负债表分类balance sheet evaluation 资产负债表评价closing balance 期末差额credit balance 贷方余额foreign currency balance 外汇余额keep balance 保持平衡loss balance 失去平衡negative balance 逆差retained balance from foreign exchange revenue 外汇收入留成余额all-purpose bank 通用银行summary balance sheet 资产负债汇总表bank account balance 银行存款余额bank balance sheet 银行财务状况表bank credit 银行信贷bank debt 银行债务bank discount rate 银行贴现率bank holding company 银行控股公司bank interest 银行利息bank line 银行信用额度bank loan 银行借款bank rate 银行贴现率bank reserve 银行准备金bank’s buying rate 银行买价bank’s call loan 银行同行拆借bank’s selling rate 银行卖价clearing bank 清算银行commercial bank 商业银行cooperative bank 合作银行mortgage bank 抵押银行Banking 金融,银行业banking institution 金融机构Banking Law 银行法banking sector 银行部门Bankrupt 破产Boom 繁荣,景气bankrupt’s assets 破产者的财产Bankruptcy 破产act of bankruptcy 破产法案arrangement in bankruptcy court 迫产法庭调解bankruptcy administrator 破产管理人bankruptcy amendment act 破产修正案bankruptcy code chapter 7--- liquidation 破产法第7 章(清算)bankruptcy code chapter 11--- reorganization 破产法第11章(重组)bankruptcy court 破产法院bankruptcy debtor 破产债务人bankruptcy judge 破产判决bankruptcy law 破产法bankruptcy notice 破产公告bankruptcy ordinance 破产条例bankruptcy petition 要求宣布破产bankruptcy proceedings 破产程序bankruptcy rules 破产规定bankruptcy trustee 破产受托人declaration of bankruptcy 宣布破产Bargain 议价,讨价还价Basic 基本的,基础basic account 基本帐户basic accounting unit 基本核算单位Bear 空头,卖空bear account 空头帐户bear market 熊市,淡市bear transaction 空头交易Beat 还价,杀价Below par 低于票面价值Benchmark 基准Benefit 利益,受益,福利,津贴benefit country 受惠国benefit fund for employees 职工福利基金benefit program 福利计划Benefited 受益的benefited party 受益方Benevolent fund 慈善基金Beta 贝塔(与股票相关的)系数beta risk measurement 贝塔风险系数测定Bid 投标,报价,出价bid bond 投标押金bid opening date 开标日期bid price 买方出价call for bid 招标invite bid 招标Bidder 投标人,投标商Bidding 投标,出价bidding documents 标书Big Board 指美国纽约股票交易所Big Six 指美国六大会计事务所Big Three 指美国三大汽车公司Bilateral 双边的bilateral agreement 双边协议bilateral loans 双边贷款bilateral trade 双边贸易Bill 票据,帐单,发票,钞票bill receivable account 应收票据帐户treasury bill 国库债券Black 黑色的,黑市的blank market price 黑市价格Blank 空白的black market transaction 黑市交易Blanket 一揽子的blanket insurance 统括保险blanket mortgage 一揽子抵押Blue chip 兰筹股Blue-chip share 头等股票Blue-chip stock 热门股票Blue-collar worker 兰领工人board of administration 董事会理事会Blue-sky law 兰天法(防欺诈凭空发行股票的法律)Board 董事会,委员会,理事会board chairman 董事长board meeting 董事会议board of arbitration 仲裁委员会board of audit 审计委员会board of directors 董事会,理事会book of account 帐簿board of executive director 执行董事会,执行委员会board of manager’s 理事,董事board of supervisors 监事会board of trustees 受托委员会Bond 债券,证券,公债bond broker 债券经纪人bond creditor 债券债权人bond discount 债券折价bond issue 债券发行bond market 债券市场bond premium 债券溢价book profit 帐面利润bond rating agency 债券评级机构bond yield 债券收益callable bond 通知偿还债券convertible bond 可转换债券government bond 政府债券junk bond 拉圾债券listed bond 挂牌债券,上市证券mortgage bond 抵押债券municipal bond 市政债券preference bond 优先债券,优先股registered bond 记名债券treasury bond 国库债券unlisted bond 未挂牌债券,未上市证券Bonded 保税的,有抵押的bonded area 保税区bonded factory 保税工厂bonded goods 保税货物bonded warehouse 保税仓库Bonus 奖金,红利,津贴bonus issue 发放红利股bonus-percentage of profit 利润率分红bonus share 分红股,红利股Book 书籍,帐簿,记帐,定票,订货Borrow 借入book depreciation 帐面折旧book-entry securities 记帐证券book inventory 帐面库存。
投资银行部(IBD)专业知识主要内容:1.Corporate Finance (公司财务)2.Financial Statement Analysis (财务报表分析)/ Accounting (会计)[注:对会计的知识要求其实并不像四大国际会计师事务所要求那么严格,所以,财务报表分析的知识已经足够用了]3.Valuation (价值评估)4.Investments (投资学)[注:主要指证券投资学,其实和公司财务有交叉重叠]5.M%26amp;A (企业并购)[注:较少涉及] 这就需要申请者平时多加注意这些专业知识的积累和学习。
投资银行部(IBD)常问的问题:1.How to value a firm?2.What is the Balance Sheet/ Income Statement/ Statement of Cash Flows?3.What is Free Cash Flow? / How to calculate Free Cash Flow?4.What is CAPM?5.How to calculate WACC/ Cost of Capital?6.What is the difference between FIFO and LIFO?7.Compare with P/E ratio, P/BV ratio, and P/S ratio.8.What is the current ratio/ quick ratio/ …………?9.What is NPV/ IRR/ …………?10.What is the DCF Model/ DDM Model…………? …………………………近年来,各华尔街投资银行除了投资银行部以外,其它部门也开始逐渐进入中国开展业务,比如固定收益部(FID)、资本市场部(CMD)等,这些部门可能更侧重一些别的知识,比如:1.Futures, Options and Other Derivatives (经典教材:John Hull)2.Market Sense/ Financial Market(要求跟踪市场)3.Macro-Economy Status (宏观经济状况)4.Fixed Income Securities这些部门可能会常问以下一些问题:1.What is Forward/ Swap/ Future/ Call Option/ Put Option…………?2.What are the basic principles of Black-Scholes Model?3.W hat is Yield Curve/ Term Structure………..?4.What is Duration/ Convexity…………?5.What is the interest rate of the 10-year Treasury Notes in America at prese nt?6.How to value a bond?7.What is yesterday’s DJIA/ S%26amp;P500 / Nasdaq/ …………?8.What are the ef fects if FED raises basis interest rates? ……………这些专业知识如何可以速成或者短期内巩固呢?我个人推荐CFA一级的Study Notes,一来熟悉一些财经词汇的英文表达,二来那些Notes言简意赅,比较实用。
银行专业英语词汇acquiring company 收购公司bad loan 呆帐chart of cash flow 现金流量表clearly-established ownership 产权清晰debt to equity 债转股diversity of equities 股权多元化economy of scale 规模经济emerging economies 新兴经济exchange-rate regime 汇率机制fund and financing 筹资融资global financial architecture 全球金融体系global integration, globality 全球一体化,全球化go public 上市growth spurt (经济的)急剧增长have one's 'two commas' 百万富翁hedge against 套期保值housing mortgage 住房按揭holdings 控股,所持股份holding company 控股公司initial offerings 原始股initial public offerings 首次公募innovative business 创新企业intellectual capital 智力资本inter-bank lending 拆借internet customer 网上客户investment payoff period 投资回收期joint-stock 参股mall rat 爱逛商店的年轻人means of production 生产要素(the)medical cost social pool for major diseases 大病医疗费用社会统筹mergers and acquisitions 并购mobile-phone banking 移动电话银行业moods 人气net potato 网虫non-store seling 直销offering 新股online-banking 网上银行业online-finance 在线金融online client (银行的)网上客户paper profit 帐面收益physical assets 有形资产project fund system 项目资本金制度pyramid sale 传销recapitalize 资产重组regional corrency blocks 地区货币集团regulate 调控sell off 变现share(stock) option 期权,股票认购权smart card 智能卡slash prices 杀价spare capacity 闲置的生产能力strong growth 强劲的增长势头switch trade 转手贸易take…public 上市tap the idle assets 盘活存量资产transaction (银行的)交易transfer payment from the exchequer 财政转移支付venture-capital 风险资本virtual bank 虚拟银行wire transfer 电子转帐银行专业英语词汇acquiring company 收购公司bad loan 呆帐chart of cash flow 现金流量表clearly-established ownership 产权清晰debt to equity 债转股diversity of equities 股权多元化economy of scale 规模经济emerging economies 新兴经济exchange-rate regime 汇率机制fund and financing 筹资融资global financial architecture 全球金融体系global integration, globality 全球一体化,全球化go public 上市growth spurt (经济的)急剧增长have one's 'two commas' 百万富翁hedge against 套期保值housing mortgage 住房按揭holdings 控股,所持股份holding company 控股公司initial offerings 原始股initial public offerings 首次公募innovative business 创新企业intellectual capital 智力资本inter-bank lending 拆借internet customer 网上客户investment payoff period 投资回收期joint-stock 参股mall rat 爱逛商店的年轻人means of production 生产要素(the)medical cost social pool for major diseases 大病医疗费用社会统筹mergers and acquisitions 并购mobile-phone banking 移动电话银行业moods 人气net potato 网虫non-store seling 直销offering 新股online-banking 网上银行业online-finance 在线金融online client (银行的)网上客户paper profit 帐面收益physical assets 有形资产project fund system 项目资本金制度pyramid sale 传销recapitalize 资产重组regional corrency blocks 地区货币集团regulate 调控sell off 变现share(stock) option 期权,股票认购权smart card 智能卡slash prices 杀价spare capacity 闲置的生产能力strong growth 强劲的增长势头switch trade 转手贸易take…public 上市tap the idle assets 盘活存量资产transaction (银行的)交易transfer payment from the exchequer 财政转移支付venture-capital 风险资本virtual bank 虚拟银行wire transfer 电子转帐Departments of Bank 银行部门表2.Board of Directors 董事会3.President 行长4.Executive Office 经理办公室5.Personnel Dept. 人事部6.General Affairs Dept. 总务部7.Co-ordination Planning Dept.综合计划部8.International Dept. 国际业务部9.Overseas Branches Dept. 海外部10.Foreign Exchange Dept. 外汇资金部11.First Credit Dept. 信贷一部12.Second Credit Dept. 信贷二部13.Accounting Dept. 财会部14.International Clearing Dept 国际清算部15.Banking Dept. 营业部16.Credit Card Dept. 信用卡部17.General Auditing Dept. 总稽核室puter Center 电脑部19.Training Management Dept. 教育部20.Institute of International Finance 国际金融研究所21.Trust and Consultation Co. 信托咨询公司account number 帐目编号depositor 存户pay-in slip 存款单a deposit form 存款单a banding machine 自动存取机to deposit 存款deposit receipt 存款收据private deposits 私人存款certificate of deposit 存单deposit book, passbook 存折credit card 信用卡principal 本金overdraft, overdraw 透支to counter sign 双签to endorse 背书endorser 背书人to cash 兑现to honor a cheque 兑付to dishonor a cheque 拒付to suspend payment 止付cheque,check 支票cheque book 支票本order cheque 记名支票bearer cheque 不记名支票crossed cheque 横线支票blank cheque 空白支票rubber cheque 空头支票cheque stub, counterfoil 票根cash cheque 现金支票traveler's cheque 旅行支票cheque for transfer 转帐支票outstanding cheque 未付支票canceled cheque 已付支票forged cheque 伪支票Bandar's note 庄票,银票banker 银行家president 行长savings bank 储蓄银行Chase Bank 大通银行National City Bank of New York 花旗银行Hongkong Shanghai Banking Corporation 汇丰银行Chartered Bank of India, Australia and China 麦加利银行Banque de I'IndoChine 东方汇理银行central bank, national bank, banker's bank 中央银行bank of issue, bank of circulation 发行币银行commercial bank 商业银行,储蓄信贷银行member bank, credit bank 储蓄信贷银行discount bank 贴现银行exchange bank 汇兑银行requesting bank 委托开证银行issuing bank, opening bank 开证银行advising bank, notifying bank 通知银行negotiation bank 议付银行confirming bank 保兑银行paying bank 付款银行associate banker of collection 代收银行consigned banker of collection 委托银行clearing bank 清算银行local bank 本地银行domestic bank 国内银行overseas bank 国外银行unincorporated bank 钱庄branch bank 银行分行trustee savings bank 信托储蓄银行trust company 信托公司financial trust 金融信托公司unit trust 信托投资公司trust institution 银行的信托部credit department 银行的信用部commercial credit company(discount company) 商业信贷公司(贴现公司)neighborhood savings bank, bank of deposit 街道储蓄所credit union 合作银行credit bureau 商业兴信所self-service bank 无人银行land bank 土地银行construction bank 建设银行industrial and commercial bank 工商银行bank of communications 交通银行mutual savings bank 互助储蓄银行post office savings bank 邮局储蓄银行mortgage bank, building society 抵押银行industrial bank 实业银行home loan bank 家宅贷款银行reserve bank 准备银行chartered bank 特许银行corresponding bank 往来银行merchant bank, accepting bank 承兑银行investment bank 投资银行import and export bank (EXIMBANK) 进出口银行joint venture bank 合资银行money shop, native bank 钱庄credit cooperatives 信用社clearing house 票据交换所public accounting 公共会计business accounting 商业会计cost accounting 成本会计depreciation accounting 折旧会计computerized accounting 电脑化会计general ledger 总帐subsidiary ledger 分户帐cash book 现金出纳帐cash account 现金帐journal, day-book 日记帐,流水帐bad debts 坏帐investment 投资surplus 结余idle capital 游资economic cycle 经济周期economic boom 经济繁荣economic recession 经济衰退economic depression 经济萧条economic crisis 经济危机economic recovery 经济复苏inflation 通货膨胀deflation 通货收缩devaluation 货币贬值revaluation 货币增值international balance of payment 国际收支favourable balance 顺差adverse balance 逆差hard currency 硬通货soft currency 软通货international monetary system 国际货币制度the purchasing power of money 货币购买力money in circulation 货币流通量note issue 纸币发行量national budget 国家预算national gross product 国民生产总值public bond 公债stock, share 股票debenture 债券treasury bill 国库券debt chain 债务链direct exchange 直接(对角)套汇indirect exchange 间接(三角)套汇cross rate, arbitrage rate 套汇汇率foreign currency (exchange) reserve 外汇储备foreign exchange fluctuation 外汇波动foreign exchange crisis 外汇危机discount 贴现discount rate, bank rate 贴现率gold reserve 黄金储备money (financial) market 金融市场stock exchange 股票交易所broker 经纪人commission 佣金bookkeeping 簿记bookkeeper 簿记员an application form 申请单bank statement 对帐单letter of credit 信用证strong room, vault 保险库equitable tax system 等价税则specimen signature 签字式样banking hours, business hours 营业时间。
夙凤紫荆教育收获1 构词法2 美国金融3 会计学第一课吸储放贷Accept deposit and make loans商业银行Commercial bank零售业务Retailing banking retail 零售banking 业务Specialize in专门从事某种事情Individual个体的规律:动词+Ing 变为动名词,表示一个process 进程Bank bankingMarket marketing 市场营销Distribute 分配(分开各自建设各自的)Expertise 专业技能expert 专家Advising on 对。
提出建议Financial affairs 金融事务affairs 事务A s s i s t i n g c l i e n t s g e t t h e m o n e y t h e y n e e d 定语从句,get they need the moneySurplus 剩余的顺差(表面是加号)Current need 当前需求Proper 恰当的Realities 现实Financial instrument 金融工具Carry out 执行Execute / ImplementFinancial position 财务状况Achieve 实现accomplishRoad map 路线图Process 进程progress 进步(呱唧呱唧手是进步)评估assess /evaluate /appraise/measureA还是E 表扬提前做的是评估Personal live 个人需求Latest 最新的(最晚的)Buy out/ acquire 收购Prosper 繁荣第二课Business busy的名词形式生意一定很忙For instance /for example 举例子Overviews 总览Physical 物理的、身体的physical control 有形的控制Tangible 有形的Capital 资本Stock exchange 股票交易所Mechanism ['mek(ə)nɪz(ə)m] 机制Supply and demand law 供求规律Merge 合并M代表不断接近Bonds 债券(很宽泛的)Issue 发行Primary school 小学Subsequent to 在。
之后prior to 在。
之前mature 成熟到期的latter 前者former 后者real estate 房地产(真正拥有的状态)instead 而不是rate of return 收益率profit /income/earnings 利润fundamental 基本的context 语境(结合上下文)term 期限第三课There are a variety of ways in which companies can get the money they need, which is referred to as exchange(交易)。
修饰的是整个句子,而非money 或者waysWell-developed 良好发展Well-established 良好建立Well-defined 良好界定Intermediaries (在里面的媒体)中介Mutual 共同的(一块儿学习)Mortgage 抵押Pension funds 养老基金Venture capital company 风投(VC)adventure Listed shares 挂牌股票Commodity 商品Over the counter 场外(柜台外面)Debt 债券Secure 安全secured 有担保的Money market 货币市场preferred stock优先股(股息固定)Asset=liabilities + equities 资产=负债+权益(股东权益)Particular 特别的Volume 交易量Market acceptance 商业票据Broker 经纪人optimal Capital structure 最佳资本结构entitled to 有权利获得deviation from/departure from 偏离于current 当前的interest rate 利率(利益的率?)corporation 公司CAPM股票期望收益=无风险收益+风险溢价Premium 溢价第四课第五课债券票面利息率10% 面值1000投资者期望12% 发行价985?利润除本金债券的利润1利息收入2买卖价差折价发行(1000*10%+1000-X)/X=12% X=982投资者期望8% 发行价1020?利润除本金溢价发行【1000*10%-(X-1000)】/X=8% X=1018 Held to maturity 持有至到期Obligation 义务Blue chip 蓝筹股In case of 万一Default 违约第六课Treasury bill 短期国债Treasury note 中期国债Treasury bond 长期国债Government agencies 联邦政府下属的企业Convertible 可转换的(可动的)Suggest 说明A function of =depend on 取决于,比如Y=F(X) Y取决于X的变化而变化Repayment 偿还Call provision 赎回条款call=buy转股溢价率=可转债价格超过转股价值(基数)/转股价值(基数)1张可转债可换的股数=100元/转股价1张可转债转股后的价值=(100/转股价)*正股价转股溢价率=可转债市价/转股价值-1YTM 持有到期收益率Yield To MaturityLikely 可能的adj likelyhood=possibleSpeculate 投机Take in to account 把。
计算在内Curve 曲线nEquate A with B 使A等于B第七课Remind 提醒财务杠杆负债>权益杠杆高反之低Net asset 净资产资产=负债+权益权益=资产-负债(权益也是净资产)IPO =Initial Public Offerings 首次公开募股Outstanding杰出=站在外面Share outstanding在外面流通的股票Accounts receivable应收账款Accounts receivable outstanding 尚未收回的应收账款优先股和债券的区别债券先得债息,优先股后得股息清偿时,债券优先债券债息必须给,优先股可以不给股息Deduct 扣除deductive 可扣除的利息是在税前扣除的,有抵税的功能,利息费用企业所得税前扣除股息是在税后支付的Public company 上市公司国外股票定价模型P0=D1/(K-G)P0 股票今天的价格D1下一期股息K投资者期望收益率G 股息增长速度若股息=0,则股价就变为0了倒推,每只股票必有股息中国市场没有股息,是不健全市场What is more 而且Offset 取消会计学公式净利润=现金股息+留存收益净利润就两个去向现金股息和留存收益Appeal 吸引peal大声发出使大声发出目的是吸引Constant 恒定的存托凭证帮助美国投资者购买非美国公司股票交易地点和公司所在地不一样比如中国公司拿自己的股票存在美国银行,获得一个凭证,然后美国投资者就可以买这个凭证,相当于持有了中国公司的股票,但是中国公司没有在美国上市,美国投资者也没有来中国买股票,双方都方便Fixable 可固定的第八课Intrinsic value 内在价值Large numbers of 大量Academic 学术的In-depth 有深度的Predict/forecast 预测Impact on 对。
产生影响Indicate 显示indicator 显示器A share of value 一份股票Ongoing concern 持续经营(会计学最重要的假设)股票的定价模型P0=D1/(1+k)+D2/(1+k)2…+D n/(1+k)n折现的过程P0 股票的价格D1下一期股息K 投资者要求的回报率As mention before 之前提到过Excess profit 超额利润教授个人观点牛顿万有引力定律只是解释了现象,就是为什么手一松,苹果往下掉。
但是有没有重力这一回事,谁也不知道。
他解释的好,只能说明这个理论的逻辑性很强。
经济学的理论也是,只是来解释经济学现象的,如果解释的好,也只能说明这个理论的逻辑性很强,并不代表事实就是这样的第九课Followed by 跟随Driving force 驱动力driver =make something movescrew driver 螺丝刀(不是螺丝司机)enter entry entrant 进入者competitive edges/ competiveness/advantage竞争力process 资产profit and loss account 损益表时段制overa balance sheet 资产负债表时点制atcash flows statement 现金流量表时段制aggregate综合在一起的EPS earning per share 每股收益Of no use=useless 无效的Of no importance 不重要的Price to EPS =PE市盈率To 代表除以企业每赚取一元钱,我愿意多少块钱买过来市盈率特别高100/1 =100 100元买入股票,每年都分红1块钱,要100年才能回本,有泡沫。
说明估值高,缺乏投资价值,因此就产生了泡沫第十课Note that 请注意If something goes wrong 如果出了问题Annual report 年报Competent 合格的competition 竞争Ethics 伦理学ethical 伦理的adjConsistent with 与。
保持一致Conflicts of interest 利益冲突Prompt /quick 快速的Organized exchange 交易所Particular 特别的Listing 上市delisting 退市Go private 不想上市Breadth of ownership 股权广泛度(与透明度有关)股权广泛度越高,Ultimate 最终的adj Ultimate concern 终极关怀Emerging market 新兴市场Access to 进入,获取Nothing much more adj than 不会比它更怎么样了=它是最有adj Turnover 销售量Place order 下订单In addition to/apart from 除。