高盛财经汉英词典(下)doc149.doc

高盛财经汉英词典(下) 中文词句 English English Definitions 144A 条例 Rule 144A An SEC rule that modified a two-year holding period requirement on privately placed securities by permitting Qualified Institutional Buyers (QIBs) to trade these positions among themselves. 18定律 Rule of 18 A rule whereby the sum of the inflation rate and the P/E ratio of the Dow Jones Industrial Average is an indicator of the direction of the stock market. If the total is above 18, stocks are supposed to decrease. If the total is under 18, then the stock ma 1940年投资公司法 Investment Company Act of 1940 Created in 1940 through an act of Congress, this piece of legislation clearly defines the responsibilities and limitations placed upon fund companies that offer investment products to the public. 72定律 Rule of 72 A rule stating that in order to find the number of years required to double your money at a given interest rate, you divide the compound return into 72. The result is the approximate number of years that it will take for your investment to double. APICS（美国生产及库存控制协议）商业前景指数 APICS Business Outlook Index A national manufacturing index that surveys several manufacturing firms on a monthly basis. If the index is above 50 it signals expansion, if it dips below 50 it indicates contraction. CAMELS评级制度 CAMELS Rating System An international bank-rating system with which bank supervisory authorities rate institutions according to six factors. The six areas examined are represented by the acronym CAMELS. CEDEL CEDEL One of two principal clearing houses for Euromarket securities. Notice that the formula may also be written as: accounts payable / (cost of sales/number of days). Notice that the formula may also be written as: accounts receivable / (credit sales/number of days). Net Operating Income ￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣ Total Debt Service Net Income ￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣ Shareholders Equity The ROE is useful in comparing the profitability of a company to other f