金融专业英语名词

Financial Markets

Financial market金融市场: A financial market is a market in which people and entities can trade

financial securities, commodities and other fungible items of value at low transaction costs and at

prices that reflects supply and demand.

International financial market国际金融市场: A financial market that involves participants all over

the world.(查不到自己编的，请慎重考虑)

Direct financing直接融资: An investor purchases the securities issued by ultimate borrowers (i.e.

without intermediaries).

Indirect financing间接融资: Indirect financing is where borrowers borrow funds from the financial

market through indirect means, such as through a financial intermediary.

Money market货币市场: Money market is a component of financial market for assets involved in

short-term borrowing, lending, buying and selling with ORIGINAL maturities of one year or less.

Capital market资本市场: Capital market provides for the buying and selling of long-term(over 1

year) debts or equity-backed securities.

Foreign exchange market (or currency market)外汇市场: Foreign exchange market deals with the

exchanges of different means of payment.

Primary market一级市场: A primary market is a market in which new issues of a security (like a

bond or a stock), are sold to initial buyers by the corporation or government agency borrowing the

funds.

Secondary market二级市场: A secondary market is where is where the sale of previously issued

securities takes place.

Exchange market交易所市场: It is a highly organized market where tradable securities,

commodities, foreign exchanges, futures and option contracts are sold and bought.

OTC market柜台市场: over-the-counter market. A decentralized market of securities not listed on

an exchange where market participants trade over the telephone, facsimile or electronic network

instead of a physical trading floor.

Technical analysis技术分析: It is the art of deducing probable future trend from historical records

of stock trading. (the study of the stock market itself rather than external factors)

Fundamental analysis基本面分析或基础分析: It examines all relevant factors affecting the stock

price in order to determine an intrinsic value for that stock.

The top-down approach or Economy-Industry-Company(EIC) model自上而下法:1)select a country

which could offer the investors better returns from other economies;2)select promising industries

and companies in this country.

The bottom-up or stock picking approach自下而上法: It is to find undervalued stocks regardless

of the market and industry factors.

Capital Market

Bond债券: Bonds are securities that represent a debt owed by the issuer to the investor. They

obligate the issuer to pay a specified amount at a given date.

Government notes and bonds(Treasury bonds)国库券: They are issued to finance the national debt.

Difference: notes have a original maturity of 1year to 10 years while bonds have a original maturity

of 10-30 years. Note that they are free of default risk.

Corporate bonds公司债券: Large corporations issue bonds in order to borrow funds for long

periods of time. The bond indenture is a contract that states the lender’s rights and privileges and the the borrower’s obligations.

Stock股票: Shares of stock in the firm represent ownership.

Outstanding stock流通股: The shares of a corporation’s stock that have been issued and are in

the hands of the public.

Mortgage loan抵押贷款: A mortgage loan is a loan secured by real property.

Foreign Exchange Market

Exchange rate汇率: The ratio of two different currencies.

Bills of exchange票据: They are financial documents that require the individual or business that is

addressed in the document to pay a specified amount of money on a date that is cited in the

document.

Demand draft即期汇票: It is a check created by a merchant with a buyer’s checking account

number on it, but without the buyer’s original signature.

Bankers draft银行汇票: It is a check where the funds are taken directly from financial institutions

rather than the individual drawer’s account.

Foreign bond外国债务: A bond issued in a domestic market by a foreign entity, in the domestic

market’s currency.

Dividend check股利支票: A share of profits in the form of checks received by a stockholder. （查不到自己编的，请慎重考虑）

Pension check养老金支票: A sum of money in the form of checks paid regularly as a retirement

benefit or by way of patronage.(查不到自己编的，请慎重考虑。另外，pension没有年金的意思，年金是annuity)

Travelers’ check旅行支票: It is a preprinted, fixed-amount check designed to allow the person

signing it to make an unconditional payment to someone else as a result of having paid the issuer

for that privilege.

Direct quotation method直接报价法: The rates are quoted in terms of variable number of home

currency per fixed foreign currency unit.