专业金融词汇英语解释

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1、GlossaryAbnormalreturn(excessreturn):Differencebetweentheactualreturnsonaninvestmentandtheexpectedreturnonthatinvestment,givenmarketreturnsandinvestment'srisk..Accelerateddepreciation:Adepreciationmethodwheremoreoftheassetiswrittenoffinearlieryearsandlessinlateryears,overitslif

2、etime,toreflecttheagingoftheasset.Accountingbeta:Betaestimatedusingaccountingearningsforafirmandaccountingearningsforthemarket,ratherthanstockprices.Accrualaccounting:Accountingapproach,wheretherevenuefromsellingagoodorserviceisrecognizedintheperiodinwhichthegoodissoldortheserv

3、iceisperformed(inwholeorsubstantially).Acorrespondingeffortismadeontheexpensesidetomatchexpensestorevenues.Acquisitionpremium:Differencebetweenthepricepaidtoacquireafirmandthemarketpricepriortotheacquisition.Acquisitionprice:Pricethatwillbepaidbyanacquiringfirmforeachofthetarge

4、tfirm�sshares.Adjustableratepreferredstock:Preferredstockwherethepreferreddividendrateispeggedtoanexternalindex,suchasthetreasurybondrate.Agencycosts:Costsarisingfromconflictsofinterestbetweentwostakeholders;exampleswouldbemanagers&stockholdersaswellasstockholders&bondholders.A

5、llocation:Processofdistributingacostthatcannotbedirectlytracedtoarevenuecenteracrossdifferentunits,projectsordivisions.Americanoptions:Anoptionthatcanbeexercisedanytimeuntilmaturity.Amortizablelife:Aperiodoftimeoverwhichanintangibleassetiswrittenoff.Annualpercentagerate(APR):Ar

6、atethathastobecitedwithloansandmortgagesintheUnitedStates.Therateincorporatesanamortizationofanyfixedchargesthathavetobepaidupfrontfortheinitiationoftheloan.Annuity:Astreamofconstantcashflowsthatoccuratregularintervalsforafixedperiodoftime.Arbitrageposition:Arisklesspositiontha

7、tyieldsareturnthatexceedstheriskfreerate.Arbitrageprinciple:Assetsthathaveidenticalcashflowscannotsellatdifferentprices.Assetbeta:Thebetaoftheassetsofinvestmentsofafirm,priortofinancialleverage.Canbecomputedfromtheregressionbeta(top-down)orbytakingaweightedaverageofthebetasofth

8、edifferentbusinesses(bottom-up).Asset-backedborrowing: