大学金融英语二课件陈庆柏 王景仙ISBN 9787566304827 PPTchapter 9.pptVIP

Chapter Nine U.S. Mortgage Markets Learning objectives After learning this chapter you should be able to: 1. Define the meanings of mortgage and mortgage market 2. Tell the major types of mortgage loans 3. Describe the principal sources of mortgage financing in the U.S. 4. Tell the major mortgage-lending institutions in the U.S. Notes I. New Words 1. collateralized a. 有附属担保的 2. subcategory n. 亚类，子种类 3. entity n. 实体 4. default n. 不履行，违约，拖欠（债务） 5. to diminish vi. 减少，减小，缩减 6. to secure vt. 对进行担保 7. to supplement vt. 对……进行增补或补充 8. tax-deductible a. 在计算所得税时可免税的 Notes 9. to deduct vt. 扣除，减除 10. retired a. 退休的 11. equity n. 抵押资产中的净值 12. to retire the debt 偿付债务?=?to pay off the debt 13. retiree n. 退休人员（美国特有用语） 14. mandate n. 命令，指令 15. victim n. 受害者 Notes II. Useful and Idiomatic Expressions 1. from one perspective 从一种观点出发，按一种观点 2. to insure against... 投针对……的保险 3. be tied to... 与……联系在一起 4. over time 一直 5. to share in 分享（好处，益处……） 6. along with... 与……一道 7. to stop being... 停止成为（注意to stop doing sth. 与stop to do sth. 的区别，前者为“停止做某事”后者为“停止一件事去做另一件事”） 8. to differ from... 与……不同 Notes III. Key Terms 1. mortgage n. 抵押贷款（尤指房屋抵押贷款）mortgage loan 2. insured mortgage 有保险或担保的抵押贷款 3. conventional mortgage 常规的抵押贷款 4. fixed-rate mortgage 固定利率抵押贷款 5. adjustable-rate mortgage 可进行利率调整的抵押贷款 6. graduated-payment mortgage 减进式分期付款抵押贷款 7. growing-equity mortgage 先等额付还后按一定百分比逐年增加付还尔后再进行均付的一种抵押贷款 Notes 8. level payments 等额付款，平均付还 9. payment stream 连串付款 10. share-appreciation mortgage 不动产升值分享式抵押贷款 11. equity participation mortgage 权益参与式抵押贷款 12. second mortgage 第二抵押贷款 13. reverse annuity mortgage 反向年金抵押贷款/退休人死亡时变卖其不动产进行偿还的抵押贷款（各种抵押贷款的定义因文中已述，不再重复） 14. S Ls: Savings and Loan Associations（美）储蓄与贷款协会，属节俭机构thrifts中的一种 Main Text Definition Mortgage in finance means property pledged as a security for payment of a debt. Mortgage market is the market where borrowers—individuals, businesses, and governments— can obtain long-term collateralized loans. “Mortgage”