金融专业英语名词.doc

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1、Financial MarketsFinancial 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 ma

2、rket 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 indirec

3、t 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 sel

4、ling 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 stoc

5、k), 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, for

6、eign 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

7、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 val

8、ue 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 undervalu

9、ed stocks regardless of the market and industry factors. Capital MarketBond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 t

10、he 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

11、a contract that states the lenders rights and privileges and the the borrowers obligations.Stock股票: Shares of stock in the firm represent ownership.Outstanding stock流通股: The shares of a corporations stock that have been issued and are in the hands of the public.Mortgage loan抵押贷款: A mortgage loan is

12、a loan secured by real property. Foreign Exchange MarketExchange 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

13、 document.Demand draft即期汇票: It is a check created by a merchant with a buyers checking account number on it, but without the buyers 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 drawers account.Foreign bo

14、nd外国债务: A bond issued in a domestic market by a foreign entity, in the domestic markets 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 b

15、y 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:

16、The rates are quoted in terms of variable number of home currency per fixed foreign currency unit.Indirect quotation method间接报价法: The rates are quoted in terms of variable number of foreign currency per fixed home currency unit.Convertible currency自由兑换货币: The holder of a convertible currency can cha

17、nge it freely into another currency.Spot rate即期汇率: The price that is quoted for immediate settlement on a commodity, a security or a currency . Forward rate远期汇率: A rate applicable to a financial transaction that will take place in the future.Cross rate交叉汇率: The exchange rate between two currencies e

18、xpressed as the ratio of two foreign exchange rates that are both expressed in terms of a third currency. Financial InstrumentsFinancial instruments金融工具: A financial instrument is a tradable asset of any kind; either cash, evidence of an ownership interest in an entity, or a contractual right to rec

19、eive or deliver cash or another financial instrument. Debt instruments债务工具: They are contractual agreements by the borrower to pay the holder of the instruments fixed amount at regular intervals until the maturity date.Equities权益工具: They are claim to share in the net income and assets of a business.

20、Cash instruments直接金融工具: Cash instruments are financial instruments whose value is determined directly by the markets. Derivative instruments衍生工具: They are financial instruments which derive their value from the value and characteristics of one or more underlying entities such as an asset, index, or

21、interest rate. Maturity date到期日: The maturity of the debt instrument is the time to the instruments expiration date. Short-term debt短期债务: Its maturity is less than a year.Long-term debt长期债务: Its maturity is ten year or longer.Intermediate-term debt中期债务: Its maturity is between one and ten years.Comm

22、on stock普通股: Its holders will have the ownership of the corporations profit and the interest produced by its assets, the right to vote for its board of directors and the right asset distribution in case of its bankruptcy.Preferred stock优先股: Its holders will have the right to get a portion of dividen

23、ds before its distribution to all Common Stock holders, but they have no right to vote or veto for the board of directors. Dividends 股利: It is the portion of corporate profits paid out to stockholders. Capital gain资本利得: A capital gain is a profit that results from a disposition of a capital asset.Fo

24、rward contract远期合同: An agreement to buy or sell an asset at a certain date at a certain price. Forward price远期价格: The agreed upon price of the underlying asset in a forward contract.Futures期货: Futures are standardized forward transactions which are traded on exchanges, i.e. not OTC. Swaps掉期互换: It co

25、ntains two simultaneous inseparable contract-deals, the first for spot delivery, and the second for future delivery.Option期权: A contract in which the writer promises that the contract buyer has the right, but not the obligation, to buy or sell a certain security at a certain price (the strike price)

26、 on or before a certain expiration date. Foreign exchange option外汇期权: It gives the owner the right but not the obligation to exchange money denominated in one currency into another currency at a pre-agreed exchange rate on a specified date.European option contract欧式期权: An option contract that may on

27、ly be exercised on the expiration date. American option美式期权: An option contract that may be exercised at any time on or before the expiration date.Call Option看涨期权（买入): The right to buy a certain amount of a currency at a fixed rate (strike price) at a pre-arranged expiry datePut Option看跌期权（卖出): The

28、right to sell a certain amount of a currency at a fixed rate (strike price) at a pre-arranged expiry date. Financial InstitutionsFinancial institution(financial intermediation/ financial intermediary)金融机构: Financial institution is an institution that provides financial services for its clients or me

29、mbers. Commercial banking商业银行活动: 1) creation of money through lending and investing activities;2)holding of the deposits;3)provision of a mechanism for payment and transfer of funds.Investment banking投资银行活动: Investment banking are banking activities associated with securities underwriting, making a

30、market in securities, and arranging mergers, acquisitions and restructuring.Pension fund养老基金: A pension fund is any plan, fund, or scheme which provides retirement income. The Central Bank中央银行: A central bank is a public institution that manages a states currency, money supply, and interest rates. C

31、entral banks also usually oversee the commercial banking system of their respective countries. Commercial BankingT-bill国库券: T-bills which have no default risks are issued by the government to finance the national debt.The negotiable certificate of deposit可转让定期存单: A negotiable certificate of deposit

32、is a bank-issued security that documents a deposit and specifies the interest rate and the maturity date.Bankers acceptances银行承兑汇票: A short-term debt instrument issued by a firm that is guaranteed by a commercial bank.Repurchase agreements回购协议: It is the sale of securities together with an agreement

33、 for the seller to buy back the securities at a later dateSettlement结算: Settlement is the striking of a balance between two or more parties having dealings with one another.Trust信托: A relationship in which one party, known as the trustor, gives to a person or organization, known as the trustee, the

34、right to hold and invest assets or property on behalf of a third party, known as the beneficiary.Lease租赁: An agreement between two parties whereby one party allows the other to use his/her property for a certain period of time in exchange for a periodic fee.Factoring保理: Factoring is short-term finan

35、cing from the nonrecourse sale of accounts receivable to a third party.Debtor债务人: A person, company, or other organization that owes money to another individual, company, or organization.Creditor债权人: A person or company to whom one owes money.Promissory Notes本票: A written promise made by one party t

36、o make a stated payment in full by a certain date.Payment order 付款委托书: Instructions to transfer funds sent via paper and/or electronic means.Mail Transfer(M/T) 信汇: A mail transfer is to transfer funds by means of a payment order or a mail advice, or sometimes a debit advice issued by a remitting ban

37、k, at the request of a remitter.Demand Draft(D/D)票汇: A draft or bill that is payable on demand or upon presentation.Telegraphic Transfer (T/T)电汇: Telegraphic transfer refers to remittance by Swift.Documentary collection跟单托收: It is an operation in which a bank collects payment on behalf of the seller

38、 (the principal) by delivering documents to the buyer.Collection order托收委托书: It is a type of document in which an attempt to promote the tendering of a payment or the deliverance of some sort of information is made.Invoice发票: A statement given by a seller to a buyer itemizing the sale and demanding

39、payment.Bill of lading运单: A document issued by a carrier to a shipper, listing and acknowledging receipt of goods for transport and specifying terms of delivery.Collecting bank代收行: A bank that assists in obtaining payment in accordance with draft payment terms.Documents against payment (D/P)支付交单: Th

40、e presenting bank is authorized to release the documents to the drawee only against immediate payment.Documents against acceptance (D/A)承兑交单: The presenting bank releases the documents to the importer against his acceptance of a bill of exchange.Documentary Credit跟单信用证: 查不到，应该和信用证的意义一致。Letter of cre

41、dit信用证: It is a document that a financial institution or similar party issues to a seller of goods or services which provides that the issuer will pay the seller for goods or services the seller delivers to a third-party buyer.Advising bank通知行: The bank which advises a Letter of Credit to the Benefi

42、ciary at the request of the issuing bank.Confirming bank保兑行: The bank which adds confirmation to an LC.Issuing bank开证行: The bank which issues a credit.Nominated Bank指定行:The bank with which credit is availableGuarantee保函: A promise made by a third party to provide payment on a bond.Bid Bonds/Tender G

43、uarantees/Tender Bond/Bid Security/Bid Guarantee投标保函: They guarantee that the winning bidder will undertake the contract under the terms at which they bid.Performance Guarantees/Performance Bond/Performance Security履约保函: It is a surety bond issued by an insurance company or a bank to guarantee satis

44、factory completion of a project by a contractor.Down or Advance Payment Guarantee/ Refundment Guarantee for the Advance Payment/ Repayment Guarantee预付款保函: It guarantee the repayment in case of non contractual delivery.Retention money guarantees保留金保函: This guarantee secures sellers compliance with hi

45、s warranty obligations and enables the buyer to release the retained amount before termination of the warranty period.Maintenance guarantees维修保函: It is to secure the constructors obligations during the maintenance period once the construction has been completed.Certificate of an arbitration award (o

46、r arbitral award): 仲裁判决证明书Forwarding agents certificate of receipt (FCR): 运货代理商的运货单据Standby Letter of Credit备用信用证: It is designed to indemnify the beneficiary in the event of opening banks client to fail in complying with his commitments arising out of the underlying contract.Commercial Loans商业贷款: I

47、t is a debt evidenced by a note which specifies, among other things, the principal amount, interest rate, and date of repayment. Export Credit出口信贷: It is government (government export credit agencies) guaranteed lending channeled through a commercial bank to support export.Buyer credit买方信贷: In buyer

48、 credit, exporters bank provides loans to the importer (importers bank guarantees) or to importers bank, which on-lends(转贷) the loan to the importer.Supplier credit卖方信贷: In supplier credit, exporters bank provides loans to the supplier (exporter) to finance the contract with special payment terms wh

49、ich importer pays for the contract goods by half yearly installments.Forfaiting福费廷: Forfaiting provides a source of non-recourse finance through use of drafts, promissory notes or other instruments representing sums due to the exporter. It is a firm-based operation that the firm sells one of its transactions.Syndicated loan银团贷款: A syndicate