投資銀行學(xué)專業(yè)術(shù)語(yǔ)

1、投 資 銀 行 學(xué)專 業(yè) 術(shù) 語(yǔ)a a,b shares a，b 股abs(asset-backed securities) 資產(chǎn)支持證券accounts receivable 應(yīng)收賬款acquisition 收購(gòu)acting in concert 一致行動(dòng)active market 活躍市場(chǎng)additional float 擴(kuò)股administration structure 治理結(jié)構(gòu)adr （american depository receipt ）美國(guó)存托憑證affiliate 聯(lián)營(yíng)公司agency securities 機(jī)構(gòu)證券american option 美式期權(quán)angel cap

2、ital 天使資本annual report 年報(bào)annuity 年金appreciation 升值apt(arbitrage pricing theory) 套利定價(jià)理論arbitrage 套利arbitrageur 套利者arrears swap 延遲利率互換asset management 資產(chǎn)管理asset-liability ratio 資產(chǎn)負(fù)債率auction 拍賣b back-door listing 借殼上市bankers acceptance 銀行承兌票據(jù)bear market 熊市bear stern 貝爾斯通beta coefficient 貝塔系數(shù)bid 買入價(jià)bino

3、mial model 二項(xiàng)式模型black&scholes model 布萊克 -斯科爾斯模型block-out period 鎖定期blue chip 藍(lán)籌股board of directors 董事會(huì)bond 債券bond fund 債券基金bond market 債券市場(chǎng)bond yield plus risk premium approach 債券收益加風(fēng)險(xiǎn)溢價(jià)計(jì)算法bonus issue 紅股派送bonus share 紅股book value 賬面價(jià)值bracket 承銷分檔brand effect 品牌效應(yīng)brokerage 經(jīng)紀(jì)業(yè)務(wù)bull market 牛市busin

4、ess 業(yè)務(wù)buyer s market 買方市場(chǎng)buyout 收購(gòu)c call option 買入期權(quán)capital cost 資本成本capital market 資本市場(chǎng)capital market instruments 資本市場(chǎng)工具capm (capital asset pricing model) 資本資產(chǎn)定價(jià)模型cash bonus 現(xiàn) 金紅利cd（ certificate of deposit ）大額存單central market 中央銀行charge 抵押china wall 中國(guó)墻closing day 截止日期co-lead managers 聯(lián)合牽頭經(jīng)理人 （主承銷商

5、）collateral 抵押品collateralized mortgage obligation 抵押保證證券commercial bank 商 業(yè)銀行commercial paper 商業(yè)票據(jù)commission 傭金common stock, common share 普通股company law 公 司法company specific risk 公司自發(fā)性風(fēng)險(xiǎn)comparable firm 參照公司competitive bid 競(jìng)投competitive bidding 競(jìng)價(jià)投標(biāo)conglomerate merger 混 合并購(gòu)connected transactions 關(guān)聯(lián)交易

6、control right 控 制權(quán)conversion 換股，兌換convertible bonds 可轉(zhuǎn)換債券convertible securities 可轉(zhuǎn)換證券corporate bonds 機(jī) 構(gòu)證券corporate finance 企 業(yè)融資corporate governance 公司治理cost of capital 資本成本cost of debt 負(fù)債成本cost of equity 股 本成本cost of preferred 優(yōu)先股成本credit rating 信用評(píng)級(jí)credit risk 信用風(fēng)險(xiǎn)crowding-out swap 貨幣互換currency f

7、unds 貨 幣基金currency swap 貨幣互換current yield 現(xiàn)期收益率d dealer 交易商，經(jīng)紀(jì)debt ratio 負(fù)債比率default 違約delisting 出 牌deposit 保 證金depth of the market 市場(chǎng)深度deregulation 撤減監(jiān)管、監(jiān)管自由化derivatives 衍生品direct financing 直接融資direct investment 直 接投資disclosure transactions 須予以披露的交易discount 貼 水；折扣；貼現(xiàn)discounted bond 貼水債券discounted c

8、ash flow(dcf) method 貼現(xiàn)現(xiàn)金流計(jì)算法diversified risk 可 分散風(fēng)險(xiǎn)dividend payout 紅 利支出dividend yield 紅利收益率downturn 逆轉(zhuǎn) , 反轉(zhuǎn)e earning-to-price ratio 收益 - 價(jià)格比率efficient portfolio 有效投資組合elasticity 彈性enterprise reform 企 業(yè)改制eps(earning per share) 每股盈利equity 股 東權(quán)益equity 股 票equity capital 股權(quán)資本equity fund 股票基金equity stru

9、cture 股權(quán)結(jié)構(gòu)equity value 股 權(quán)價(jià)值ethics 道 德，執(zhí)業(yè)道德european option 歐 式期權(quán)evaluate 評(píng) 估exchange fund 外匯基金exchange rate 匯率exclusive sale 代銷exercise price 行權(quán)價(jià)expiration date 到期日exposure 風(fēng)險(xiǎn)承受f fannie mae (federal national mortgage association) 房 利美fault market&trading 欺詐交易fault risk 欺詐風(fēng)險(xiǎn)fees for underwriting

10、承銷費(fèi)用finance company 財(cái)務(wù)公司financial asset 金融資產(chǎn)financial center 金融中心financial consultancy 財(cái)務(wù)顧問(wèn)financial engineering 金融工程financial innovation 金融創(chuàng)新financial institution 金融機(jī)構(gòu)financial instrument 金融工具financial leverage 財(cái)務(wù)杠桿financial statement 財(cái)務(wù)報(bào)表fiscal policy 財(cái)政政策fiscal year 財(cái)政年度f(wàn)itch ratings 惠譽(yù)國(guó)際 ( 全球三大評(píng)

11、級(jí)機(jī)構(gòu)之一) flotation 掛牌forward market 遠(yuǎn)期市場(chǎng)freddie mac ( federal home loan mortgage corporation) 房 貸美free cash flow to equity 股權(quán)自由現(xiàn)金流量friendly m&a 善意并購(gòu)fund creation 基金創(chuàng)設(shè)fund management 資金管理fundamental analysis 基礎(chǔ)分析funding 融資funding risk 融資風(fēng)險(xiǎn)future market 期貨合約futures and options funds 期貨及期權(quán)基金futures c

12、ontract 期貨合約futures exchange 期貨交易所g goldman sachs group 高盛government bond 政府債券green shoe 綠鞋（超額配售選擇權(quán)）greenmail 反收購(gòu)h h bond h債券，國(guó)有企業(yè)在香港發(fā)行的債券h shares h股，國(guó)有企業(yè)在香港發(fā)行的股票hang seng index 恒生指數(shù)hedge fund 對(duì)沖基金hedge ratio 對(duì)沖比率high risk investment 高風(fēng)險(xiǎn)投資high yield bond 高收益率證券，等同于junk bond high-grade securities 優(yōu)質(zhì)證

13、券horizontal merger 橫向兼并hostile merger 敵意并購(gòu)hostile takeover 敵意接管hot money 熱錢，游資i index 指數(shù)index(constituent) stock 指數(shù)成份股index future 指數(shù)期貨industry 行業(yè)，產(chǎn)業(yè)industrial structure 產(chǎn)業(yè)結(jié)構(gòu)inflation 通貨膨脹inflation rate 通貨膨脹率information disclosure 信息披露investment bank 投資銀行ipo（initial public offerings) 首次公開發(fā)行insider i

14、nformation 內(nèi)幕信息insider trading 內(nèi)幕交易insurance 保險(xiǎn)integrity 誠(chéng)實(shí)，誠(chéng)信interim results 中期業(yè)績(jī)interest rates 利率internal financing 內(nèi)部融資international bonds 國(guó)際債券inventory turnover 存貨周轉(zhuǎn)率investment adviser 投資顧問(wèn)investment bank 投資銀行investment grade 投資級(jí)別issued capital 發(fā)行股本issued price 發(fā)行價(jià)格j joint venture 合資企業(yè)jp morgan

15、摩根大通junk bond 垃圾債券justice, impartial and openness 公平， 公正， 公開（證券市場(chǎng)三公原則) l l stock l 股，國(guó)有企業(yè)在倫敦上市發(fā)行的股份laws and regulations 法律法規(guī)lead bank 牽頭銀行l(wèi)earning-by-doing 干中學(xué)legal entity 法人legal interest(in property) （資產(chǎn)的）法定權(quán)益legal risk 法律風(fēng)險(xiǎn)lehman brothers holdings雷曼兄弟leverage 杠桿leverage ratio 杠桿率leveraged buyout（

16、lbo）杠桿收購(gòu)liability management 負(fù)債管理libor (london inter-bank offered rate) 倫敦同業(yè)拆借利率limited company by shares 股份有限公司liquidity 流動(dòng)性liquidity ratio 流動(dòng)比率liquidity risk 流動(dòng)風(fēng)險(xiǎn)listed company 上市公司listed security 上市證券listing 上市掛牌listing agreement 上市協(xié)議listing requirements 上市要求m major bracket 主承銷商majority sharehold

17、er 大股東market capitalization 股票市值market efficiency 市場(chǎng)效率market for corporate control 控制權(quán)市場(chǎng)market index 市場(chǎng)指數(shù)market maker 莊家market network 營(yíng)銷網(wǎng)絡(luò)market order 市價(jià)指令market risk 市場(chǎng)風(fēng)險(xiǎn)market timing 市場(chǎng)時(shí)間選擇marketable securities 有價(jià)證券market-maker 做市商mbo （ management buyout）管理層收購(gòu)merchant bank 商人銀行 （英國(guó)投資銀行的稱呼）merger&

18、amp;acquisition 并購(gòu)merrill lynch 美林mezzanine bracket 輔承銷商mmfs （money market mutual funds ）貨幣市場(chǎng)共同基金money market 貨幣市場(chǎng)money supply 貨幣供應(yīng)moodys investors service 穆迪投資者服務(wù)公司morgan stanley 摩根斯坦利mortgage 抵押，按揭mortgage-backed security 抵押擔(dān)保證券multi-level 多層次municipal bonds 市政債券mutual fund 共同基金n n shares n股，國(guó)有企業(yè)在

19、紐約上市發(fā)行的股票nasdaq （nasd automated quotation system ）證券交易商協(xié)會(huì)自動(dòng)報(bào)價(jià)系統(tǒng)negotiated bid 協(xié)議投標(biāo)nekkei index 日經(jīng)指數(shù)new issue 新股發(fā)行new issue market 發(fā)行市場(chǎng)o offer for sale 公開發(fā)售offer for subscription 公開招股offer price 發(fā)行價(jià)on-the-job-training 在職培訓(xùn)open market operation 公開市場(chǎng)操作option 期權(quán)over-the-counter 場(chǎng)外交易p perpetual bond 永久債券

20、poison pill defense 毒丸防御preference stock， preferred stock 優(yōu)先股preferred dividend 優(yōu)先股紅利premium bond 升水債券price-to-book value ratio 市凈率法price-to-earnings ratio 市盈率price-to-sales ratio 股價(jià)收入法pricing 定價(jià)primary market 一級(jí)市場(chǎng)priority banking 優(yōu)先理財(cái)銀行服務(wù)private banking 私人銀行服務(wù)privatization 私有化process of underwritin

21、g 承銷程序profit-ability ratio 盈利能力比率project finance 項(xiàng)目融資prospectus 招股說(shuō)明書proxy sale(sale on a commission basis) 代銷purchase fund 贖回基金put option 賣出期權(quán)q quick ratio 速動(dòng)比率quota 配額quoted company 上市公司r （round）lot 一手range 波幅rat trading 老鼠倉(cāng)rating 評(píng)級(jí)red chip 紅籌股redemption 贖回rediscount 再貼現(xiàn)refinancing 再融資refund 再融資r

22、einsurance 再保險(xiǎn)reinvestment 再投資release 解除，免除repurchase agreement 回購(gòu)協(xié)議reserve 儲(chǔ)存，準(zhǔn)備金retailing bank 零售銀行return 回報(bào)率right 股權(quán)right issue 供股risk asset 風(fēng)險(xiǎn)資產(chǎn)risk-free rate 無(wú)風(fēng)險(xiǎn)利率roa（return on asset）資產(chǎn)回報(bào)率road show 路演roe（return on equity ）股東回報(bào)率s sales 銷售sdr (special drawing right) 特別提款權(quán)seasoned issue 二次發(fā)行 / 再發(fā)行

23、sec（securities&exchange commission ）美國(guó)證券交易委員會(huì)secondary distribution 二級(jí)分銷secondary market 二級(jí)市場(chǎng)securities law 證券法securities market 證券市場(chǎng)securitization 證券化securitized bond 證券化債券security 證券seller s market 賣方市場(chǎng)selling group 經(jīng)銷集團(tuán)selling group agreement 經(jīng)銷集團(tuán)協(xié)議selling on the good news 趁好消息出貨settlement 結(jié)算

24、settlement date 結(jié)算日settlement price 結(jié)算價(jià)share holder 股票持有人share transactions 股票交易share transfer 股份過(guò)戶short selling 賣空sovereign risk 主權(quán)風(fēng)險(xiǎn)speculation 投機(jī)speculative grade 投資級(jí)別split 拆股standard&poor s corporation 標(biāo)準(zhǔn)普爾公司state-owned enterprise 國(guó)有企業(yè)status report （信用）狀況報(bào)告stock 股票stock broker 股票經(jīng)紀(jì)stock exchange 股票交易所stock index 股市指數(shù)stock index futures 股指期貨stock option 股票期權(quán)straight issues 直接發(fā)行structured finance 結(jié)構(gòu)金融submajor bracket 次承銷商subprime crisis 次貸危機(jī)su