商英Units 16-30词汇翻译.doc

Unit 16 ~ Unit 30 Unit 16 Bonds债券 词汇 investors: providers of funds 投资人：资金提供者 issuing bonds: borrowing money发行债券：借钱 principal: the amount of a loan本金：贷款金额 maturity: date at which the money will be returned到期：还款日 pension funds: retirement money养老基金：退休的钱 buy-and-hold investors: keep their bonds till maturity买入并持有的投资者：保持他们的债券至到期 non-payment: default price appreciation: fall in interest rates价格上涨：利率下降 price depreciation: rise in interest rates价格：利率上升 capital gains: profits on the sale of assets资本收益：资产销售利润 equity financing: issuing shares 股权融资：发行股票 debt financing: issuing bonds债务融资：发行债券 bearer certificate: a security whose owner is not registered with the issuer不记名票证：一个安全的所有者不与发行人注册 liquid: easily sold (turned into cash) par: nominal or face value (100%)票面价值 coupon: the rate of interest paid by a fixed interest security息票率：固定利率债券的利率 yield: the rate of income an investor receives taking into account a security’s current price futures: contract to buy or sell fixed quantities of a commodity, currency, or financial asset at a future date, at a price fixed at the time of making the contract期货：一般是指期货合约，由期货交易所统一制定的、在将来某一特定时间和地点交割一定数量标的物的标准化合约。这个标的物，又叫基础资产，对期货合约所对应的现货，可以是某种商品，如铜或原油，也可以是某个金融工具，如外汇、债券，还可以是某个金融指标，如三个月同业拆借利率或股票指数。 options: contracts giving the right, but not the obligation, to buy or sell a security a currency, or a commodity at fixed price during a certain period of time买卖特权：合同赋予的权利，但不是义务，在一段时间固定的价格购买或出售一种货币或商品 commodities: raw materials or primary products (metals, cereals, coffee, etc.) that are trade on special markets商品：在特殊市场交易的原料或初级产品（金属，谷物，咖啡，等） derivatives: hedging: making contracts to buy or sell a commodity or financial asset at a pre-arranged price in the future as a protection or ‘insurance’ against price changes.套期保值：合同预先购买 speculation: buying securities or other assets in the hope of making a capital gain by selling them at a higher price (or selling them in the hope of buying them back at a lower price)投机：买进债券或其它资产是为了以更高价格卖出而获利。（或卖出是为了以更低价格买进） Specul