商务笔译-5.ppt

Words Expressions (A) money market fund savings account the stock market or the bond market credit crunches low-risk return broad assets classes risk premiums Treasury bills term premium specific risk a stock-picker no inherent reward diversified portfolios 货币市场 储蓄账户 股票市场或债券市场 信贷紧缩 低风险的回报 广义的资产等级 风险溢价 国库券 期限溢价 特殊风险 股票挑选人 没有固有的回报 多样化的投资组合 Focus of the Unit 中英文语序的调整 被动语态的翻译 增词法和减词法 名词替代词 同位语从句 Sentence Translation “Systematic” risk is the risk that none of us can avoid if we are seeking returns higher than we would earn in a money market fund or a savings account. 如果我们在寻求高于从货币市场和储蓄账户所获利润的盈利，我们将面临一种无法避免的风险，这种风险叫做“系统性风险”。 Points for attention: 1. 中英文语序的调整 “Systematic” Risk 系统性风险的来源主要由政治、经济及社会环境等宏观因素造成。其构成主要包括以下四类： 政策风险 利率风险 购买力风险 市场风险 非系统性风险也可称为可分散风险，主要包括以下四类： 经营风险 财务风险 信用风险 道德风险 Sentence Translation Once we decide to go into the stock market or the bond market, or buy a piece of real estate, or buy a share of a privately owned business, we face the risks that are inherent to those types of investments—such as the vagaries of business activity, inflation, overvaluation, credit crunches, and foreign exchange crises. 一旦我们决定涉足股票市场或是债券市场，抑或是购买地产或私有企业股份，我们面对的是