主页 > 专业术语 A A,B shares A，B��?br/> ABS(asset-backed securities) 资产支持证券 accounts receivable 应收账款 acquisition 收购 acting in concert 一致行��?br/> active market 活跃市场 additional float 扩股 administration structure 治理结构 ADR（American Depository Receipt��? 美国存托凭证 affiliate 联营公司 agency securities 机构证券 American option 美式期权 angel capital 天使资本 annual report 年报 annuity 年金 appreciation 升��?br/> APT(Arbitrage Pricing Theory) 套利定价理论 arbitrage 套利 arbitrageur 套利��?br/> arrears swap 延迟利率互换 asset management 资产管理 asset-liability ratio 资产负债率 auction 拍卖 B back-door listing 借壳上市 bankers acceptance 银行承兑票据 bear market 熊市 Bear Stern 贝尔斯��?br/> beta coefficient 贝塔系数 bid 买入��?br/> binomial model 二项式模��?br/> Black&Scholes Model 布莱��?斯科尔斯模型 block-out period 锁定��?br/> blue chip 蓝筹��?br/> board of directors 董事��?br/> bond 债券 bond fund 债券基金 bond market 债券市场 bond yield plus risk premium approach 债券收益加风险溢价计算法 bonus issue 红股派��?br/> bonus share 红股 book value 账面价��?br/> bracket 承销分档 brand effect 品牌效应 brokerage 经纪业务 bull market 牛市 business 业务 buyer’s market 买方市场 buyout 收购 C call option 买入期权 capital cost 资本成本 capital market 资本市场 capital market instruments 资本市场工具 CAPM (capital Asset Pricing Model) 资本资产定价模型 cash bonus 现金红利 CD（certificate of deposit��? 大额存单 central market 中央银行 charge 抵押 China Wall 中国��?br/> closing day 截止日期 co-lead managers 联合牵头经理人（主承销商） collateral 抵押��?br/> collateralized mortgage obligation 抵押保证证券 commercial bank 商业银行 commercial paper 商业票据 Commission 佣金 common stock, common share 普通股 Company Law 公司��?br/> company specific risk 公司自发性风��?br/> comparable firm 参照公司 competitive bid 竞投 competitive bidding 竞价投标 conglomerate merger 混合并购 connected transactions 关联交易 control right 控制��?br/> conversion 换股，兑��?br/> convertible bonds 可转换债券 convertible securities 可转换证��?br/> corporate bonds 机构证券 corporate finance 企业融资 corporate governance 公司治理 cost of capital 资本成本 cost of debt 负债成��?br/> cost of equity 股本成本 cost of preferred 优先股成��?br/> credit rating 信用评级 credit risk 信用风险 crowding-out swap 货币互换 currency funds 货币基金 currency swap 货币互换 current yield 现期收益��?br/> D dealer 交易商，经纪 debt ratio 负债比��?br/> default 违约 delisting 出牌 deposit 保证��?br/> depth of the market 市场深度 deregulation 撤减监管、监管自由化 derivatives 衍生��?br/> direct financing 直接融资 direct investment 直接投资 disclosure transactions 须予以披露的交易 discount 贴水；折扣；贴现 discounted bond 贴水债券 discounted cash flow(DCF) method 贴现现金流计算法 diversified risk 可分散风��?br/> dividend payout 红利支出 dividend yield 红利收益��?br/> downturn 逆转,反转 E earning-to-price ratio 收益-价格比率 efficient portfolio 有效投资组合 elasticity 弹��?br/> enterprise reform 企业改制 EPS(Earning per Share) 每股盈利 equity 股东权益 equity 股票 equity capital 股权资本 equity fund 股票基金 equity structure 股权结构 equity value 股权价��?br/> ethics 道德，执业道��?br/> European Option 欧式期权 Evaluate 评估 exchange fund 外汇基金 exchange rate 汇率 exclusive sale 代销 exercise price 行权��?br/> expiration date 到期��?br/> exposure 风险承受 F Fannie Mae (Federal National Mortgage Association) 房利��?br/> fault market&trading 欺诈交易 fault risk 欺诈风险 fees for underwriting 承销费用 finance company 财务公司 financial asset 金融资产 financial center 金融中心 financial consultancy 财务顾问 financial engineering 金融工程 financial innovation 金融创新 financial institution 金融机构 financial instrument 金融工具 financial leverage 财务杠杆 financial statement 财务报表 fiscal policy 财政政策 fiscal year 财政年度 Fitch Ratings 惠誉国际(全球三大评级机构之一) Flotation 挂牌 forward market 远期市场 Freddie Mac ( Federal Home Loan Mortgage Corporation) 房贷��?br/> Free Cash Flow to Equity 股权自由现金流量 friendly M&A 善意并购 fund creation 基金创设 fund management 资金管理 fundamental analysis 基础分析 funding 融资 funding risk 融资风险 future market 期货合约 futures and options funds 期货及期权基��?br/> futures contract 期货合约 futures exchange 期货交易所 G Goldman Sachs Group 高盛 government bond 政府债券 green shoe 绿鞋（超额配售选择权） greenmail 反收��?br/> H H bond H债券，国有企业在香港发行的债券 H shares H股，国有企业在香港发行的股票 Hang Seng Index 恒生指数 hedge fund 对冲基金 hedge ratio 对冲比率 high risk investment 高风险投��?br/> high yield bond 高收益率证券，等同于junk bond high-grade securities 优质证券 horizontal merger 横向兼并 hostile merger 敌意并购 hostile takeover 敌意接管 hot money 热钱，游��?br/> I Index 指数 index(Constituent) stock 指数成份��?br/> index future 指数期货 industry 行业，产��?br/> industrial structure 产业结构 inflation 通货膨胀 inflation rate 通货膨胀��?br/> information disclosure 信息披露 investment Bank 投资银行 IPO（Initial Public Offerings) 首次公开发行 insider information 内幕信息 insider trading 内幕交易 insurance 保险 integrity 诚实，诚��?br/> interim results 中期业绩 interest rates 利率 internal financing 内部融资 international bonds 国际债券 inventory turnover 存货周转��?br/> investment adviser 投资顾问 investment bank 投资银行 investment grade 投资级别 issued capital 发行股本 issued price 发行价格 J joint venture 合资企业 JP Morgan 摩根大��?br/> junk bond 垃圾债券 justice, impartial and openness 公平，公正，公开（证券市场三公原��? L L stock L股，国有企业在伦敦上市发行的股份 laws and regulations 法律法规 lead bank 牵头银行 learning-by-doing 干中��?br/> legal entity 法人 legal interest(in property) （资产的）法定权��?br/> legal risk 法律风险 Lehman Brothers Holdings 雷曼兄弟 Leverage 杠杆 leverage ratio 杠杆��?br/> leveraged buyout（LBO��? 杠杆收购 liability management 负债管��?br/> LIBOR (London Inter-bank Offered Rate) 伦敦同业拆借利��?br/> limited company by shares 股份有限公司 liquidity 流动��?br/> liquidity ratio 流动比率 liquidity risk 流动风险 listed company 上市公司 listed security 上市证券 listing 上市挂牌 listing agreement 上市协议 listing requirements 上市要求 M major bracket 主承销��?br/> majority shareholder 大股��?br/> market capitalization 股票市��?br/> market efficiency 市场效率 Market for Corporate Control 控制权市��?br/> market index 市场指数 market maker 庄家 market network 营销网络 market order 市价指令 market risk 市场风险 market timing 市场时间选择 marketable securities 有价证券 market-maker 做市��?br/> MBO（management buyout��? 管理层收��?br/> merchant bank 商人银行（英国投资银行的称呼��?br/> Merger&Acquisition 并购 Merrill Lynch 美林 mezzanine bracket 辅承销��?br/> MMFS（Money Market Mutual Funds��? 货币市场共同基金 money market 货币市场 money supply 货币供应 Moody's Investors Service 穆迪投资者服务公��?br/> Morgan Stanley 摩根斯坦��?br/> Mortgage 抵押，按��?br/> multi-level 多层��?br/> municipal bonds 市政债券 mutual fund 共同基金 N N Shares N股，国有企业在纽约上市发行的股票 NASDAQ （NASD automated quotation system��? 证券交易商协会自动报价系��?br/> negotiated bid 协议投标 Nekkei Index 日经指数 new issue 新股发行 new issue market 发行市场 O offer for sale 公开发售 offer for subscription 公开招股 offer price 发行��?br/> on-the-job-training 在职培训 open market operation 公开市场操作 option 期权 over-the-counter 场外交易 P perpetual bond 永久债券 poison pill defense 毒丸防御 preference stock，preferred stock 优先��?br/> preferred dividend 优先股红��?br/> premium bond 升水债券 price-to-book value ratio 市净率法 price-to-earnings ratio 市盈��?br/> price-to-sales ratio 股价收入��?br/> pricing 定价 primary market 一级市��?br/> priority banking 优先理财银行服务 private banking 私人银行服务 privatization 私有��?br/> process of underwriting 承销程序 profit-ability ratio 盈利能力比率 project finance 项目融资 prospectus 招股说明��?br/> proxy sale(sale on a commission basis) 代销 purchase fund 赎回基金 put option 卖出期权 Q quick ratio 速动比率 quota 配额 quoted company 上市公司 R （round）lot 一��?br/> Range 波幅 rat trading 老鼠��?br/> rating 评级 red chip 红筹��?br/> redemption 赎回 rediscount 再贴��?br/> refinancing 再融��?br/> refund 再融��?br/> reinsurance 再保��?br/> reinvestment 再投��?br/> release 解除，免��?br/> repurchase agreement 回购协议 reserve 储存，准备金 retailing bank 零售银行 return 回报��?br/> right 股权 right issue 供股 risk asset 风险资产 risk-free rate 无风险利��?br/> ROA（return on asset��? 资产回报��?br/> road show 路演 ROE（return on equity��? 股东回报��?br/> S sales 销��?br/> SDR (Special Drawing Right) 特别提款��?br/> seasoned issue 二次发行/再发��?br/> SEC（Securities&Exchange Commission��? 美国证券交易委员��?br/> secondary distribution 二级分销 secondary market 二级市场 securities law 证券��?br/> securities market 证券市场 securitization 证券��?br/> securitized bond 证券化债券 security 证券 seller’s market 卖方市场 selling group 经销集团 selling group agreement 经销集团协议 selling on the good news 趁好消息出货 settlement 结算 settlement date 结算��?br/> settlement price 结算��?br/> Share holder 股票持有��?br/> share transactions 股票交易 share transfer 股份过户 short selling 卖空 sovereign risk 主权风险 Speculation 投机 speculative grade 投资级别 split 拆股 Standard&Poor’s Corporation 标准普尔公司 state-owned enterprise 国有企业 status report （信用）状况报告 stock 股票 stock broker 股票经纪 stock exchange 股票交易所 stock index 股市指数 stock index futures 股指期货 stock option 股票期权 straight issues 直接发行 structured finance 结构金融 submajor bracket 次承销��?br/> subprime crisis 次贷危机 subscription 认购 subscription price 认购��?br/> swap agreement 掉期协定 swaps 互换交易 swaption 互换期权 syndication 辛迪��?br/> systematic risk 系统性风��?br/> T Takeover 收购 Takeover Market 接管市场（控制权市场��?br/> target company 目标公司 technical analysis 技术分��?br/> tender 投标 tender offer 要约收购 term structure of interest rates 利率的期限结��?br/> thin market 不活跃市��?br/> trader 交易��?br/> transactions 交易 transfer 转让 treasure issues 国库��?br/> treasure peg 国债钉住利��?br/> treasury bill 国库��?br/> trust 信托 trust deed 信托契约 turnover 成交��?br/> U underwriting 包销 underwriter 包销��?br/> unlisted security 非挂牌证��?br/> unsystematic risk 非系统性风��?br/> V Valuation Ratio 估价比率 VAR(Value at Risk) 风险价值管理模��?br/> venture capital 创业基金 vertical merger 纵向并购 volatility 波幅 volume 成交��?br/> voting preferred stock 附有投票权的优先��?br/> W WACC（Weighted average cost of capital��? 加权平均资本成本 Warrant 认购权证 White Knight 白武��?br/> wholesale banking 批发银行 world Bank 世界银行 writer 期权出售��?br/> X XD(ex-dividend) 除息 XR (ex-right) 除权 Y yield to maturity 到期收益��?br/>