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A

A,B shares      A，B???br/> ABS(asset-backed securities)      资产支持证券
accounts receivable      应收账款
acquisition      收购
acting in concert      一致行???br/> active market      活跃市场
additional float      扩股
administration structure      治理结构
ADR（American Depository Receipt???     美国存托凭证
affiliate      联营公司
agency securities      机构证券
American option      美式期权
angel capital      天使资本
annual report      年报
annuity      年金
appreciation      升???br/> APT(Arbitrage Pricing Theory)      套利定价理论
arbitrage      套利
arbitrageur      套利???br/> arrears swap      延迟利率互换
asset management      资产管理
asset-liability ratio      资产负债率
auction      拍卖

B

back-door listing      借壳上市
bankers acceptance      银行承兑票据
bear market      熊市
Bear Stern      贝尔斯???br/> beta coefficient      贝塔系数
bid      买入???br/> binomial model      二项式模???br/> Black&Scholes Model      布莱???斯科尔斯模型
block-out period      锁定???br/> blue chip      蓝筹???br/> board of directors      董事???br/> bond      债券
bond fund      债券基金
bond market      债券市场
bond yield plus risk premium approach      债券收益加风险溢价计算法
bonus issue      红股派???br/> bonus share      红股
book value      账面价???br/> bracket      承销分档
brand effect      品牌效应
brokerage      经纪业务
bull market      牛市
business      业务
buyer’s market      买方市场
buyout      收购

C

call option      买入期权
capital cost      资本成本
capital market      资本市场
capital market instruments      资本市场工具
CAPM (capital Asset Pricing Model)      资本资产定价模型
cash bonus      现金红利
CD（certificate of deposit???      大额存单
central market      中央银行
charge      抵押
China Wall      中国???br/> closing day      截止日期
co-lead managers      联合牵头经理人（主承销商）
collateral      抵押???br/> collateralized mortgage obligation      抵押保证证券
commercial bank      商业银行
commercial paper      商业票据
Commission      佣金
common stock, common share      普通股
Company Law      公司???br/> company specific risk      公司自发性风???br/> comparable firm      参照公司
competitive bid      竞投
competitive bidding      竞价投标
conglomerate merger      混合并购
connected transactions      关联交易
control right      控制???br/> conversion      换股，兑???br/> convertible bonds      可转换债券
convertible securities      可转换证???br/> corporate bonds      机构证券
corporate finance      企业融资
corporate governance      公司治理
cost of capital      资本成本
cost of debt      负债成???br/> cost of equity      股本成本
cost of preferred      优先股成???br/> credit rating      信用评级
credit risk      信用风险
crowding-out swap      货币互换
currency funds      货币基金
currency swap      货币互换
current yield      现期收益???br/>


D

dealer      交易商，经纪
debt ratio      负债比???br/> default      违约
delisting      出牌
deposit      保证???br/> depth of the market      市场深度
deregulation      撤减监管、监管自由化
derivatives      衍生???br/> direct financing      直接融资
direct investment      直接投资
disclosure transactions      须予以披露的交易
discount      贴水；折扣；贴现
discounted bond      贴水债券
discounted cash flow(DCF) method      贴现现金流计算法
diversified risk      可分散风???br/> dividend payout      红利支出
dividend yield      红利收益???br/> downturn      逆转,反转

E

earning-to-price ratio      收益-价格比率
efficient portfolio      有效投资组合
elasticity      弹???br/> enterprise reform      企业改制
EPS(Earning per Share)      每股盈利
equity      股东权益
equity      股票
equity capital      股权资本
equity fund      股票基金
equity structure      股权结构
equity value      股权价???br/> ethics      道德，执业道???br/> European Option      欧式期权
Evaluate      评估
exchange fund      外汇基金
exchange rate      汇率
exclusive sale      代销
exercise price      行权???br/> expiration date      到期???br/> exposure      风险承受

F

Fannie Mae (Federal National Mortgage Association)      房利???br/> fault market&trading      欺诈交易
fault risk      欺诈风险
fees for underwriting      承销费用
finance company      财务公司
financial asset      金融资产
financial center      金融中心
financial consultancy      财务顾问
financial engineering      金融工程
financial innovation      金融创新
financial institution      金融机构
financial instrument      金融工具
financial leverage      财务杠杆
financial statement      财务报表
fiscal policy      财政政策
fiscal year      财政年度
Fitch Ratings      惠誉国际(全球三大评级机构之一)
Flotation      挂牌
forward market      远期市场
Freddie Mac ( Federal Home Loan Mortgage Corporation)      房贷???br/> Free Cash Flow to Equity      股权自由现金流量
friendly M&A      善意并购
fund creation      基金创设
fund management      资金管理
fundamental analysis      基础分析
funding      融资
funding risk      融资风险
future market      期货合约
futures and options funds      期货及期权基???br/> futures contract      期货合约
futures exchange      期货交易所

G

Goldman Sachs Group      高盛
government bond      政府债券
green shoe      绿鞋（超额配售选择权）
greenmail      反收???br/>


H

H bond      H债券，国有企业在香港发行的债券
H shares      H股，国有企业在香港发行的股票
Hang Seng Index      恒生指数
hedge fund      对冲基金
hedge ratio      对冲比率
high risk investment      高风险投???br/> high yield bond      高收益率证券，等同于junk bond 
high-grade securities      优质证券
horizontal merger      横向兼并
hostile merger      敌意并购
hostile takeover      敌意接管
hot money      热钱，游???br/>


I

Index      指数
index(Constituent) stock      指数成份???br/> index future      指数期货
industry      行业，产???br/> industrial structure      产业结构
inflation      通货膨胀
inflation rate      通货膨胀???br/> information disclosure      信息披露
investment Bank      投资银行
IPO（Initial Public Offerings)      首次公开发行
insider information      内幕信息
insider trading      内幕交易
insurance      保险
integrity      诚实，诚???br/> interim results      中期业绩
interest rates      利率
internal financing      内部融资
international bonds      国际债券
inventory turnover      存货周转???br/> investment adviser      投资顾问
investment bank      投资银行
investment grade      投资级别
issued capital      发行股本
issued price      发行价格

J

joint venture      合资企业
JP Morgan      摩根大???br/> junk bond      垃圾债券
justice, impartial and openness      公平，公正，公开（证券市场三公原???

L

L stock      L股，国有企业在伦敦上市发行的股份
laws and regulations      法律法规
lead bank      牵头银行
learning-by-doing      干中???br/> legal entity      法人
legal interest(in property)      （资产的）法定权???br/> legal risk      法律风险
Lehman Brothers Holdings      雷曼兄弟
Leverage      杠杆
leverage ratio      杠杆???br/> leveraged buyout（LBO???      杠杆收购
liability management      负债管???br/> LIBOR (London Inter-bank Offered Rate)      伦敦同业拆借利???br/> limited company by shares      股份有限公司
liquidity      流动???br/> liquidity ratio      流动比率
liquidity risk      流动风险
listed company      上市公司
listed security      上市证券
listing      上市挂牌
listing agreement      上市协议
listing requirements      上市要求

M

major bracket      主承销???br/> majority shareholder      大股???br/> market capitalization      股票市???br/> market efficiency      市场效率
Market for Corporate Control      控制权市???br/> market index      市场指数
market maker      庄家
market network      营销网络
market order      市价指令
market risk      市场风险
market timing      市场时间选择
marketable securities      有价证券
market-maker      做市???br/> MBO（management buyout???      管理层收???br/> merchant bank      商人银行（英国投资银行的称呼???br/> Merger&Acquisition      并购
Merrill Lynch      美林
mezzanine bracket      辅承销???br/> MMFS（Money Market Mutual Funds???      货币市场共同基金
money market      货币市场
money supply      货币供应
Moody‘s Investors Service      穆迪投资者服务公???br/> Morgan Stanley      摩根斯坦???br/> Mortgage      抵押，按???br/> multi-level      多层???br/> municipal bonds      市政债券
mutual fund      共同基金

N

N Shares      N股，国有企业在纽约上市发行的股票
NASDAQ （NASD automated quotation system???      证券交易商协会自动报价系???br/> negotiated bid      协议投标
Nekkei Index      日经指数
new issue      新股发行
new issue market      发行市场

O

offer for sale      公开发售
offer for subscription      公开招股
offer price      发行???br/> on-the-job-training      在职培训
open market operation      公开市场操作
option      期权
over-the-counter      场外交易

P

perpetual bond      永久债券
poison pill defense      毒丸防御
preference stock，preferred stock      优先???br/> preferred dividend      优先股红???br/> premium bond      升水债券
price-to-book value ratio      市净率法
price-to-earnings ratio      市盈???br/> price-to-sales ratio      股价收入???br/> pricing      定价
primary market      一级市???br/> priority banking      优先理财银行服务
private banking      私人银行服务
privatization      私有???br/> process of underwriting      承销程序
profit-ability ratio      盈利能力比率
project finance      项目融资
prospectus      招股说明???br/> proxy sale(sale on a commission basis)      代销
purchase fund      赎回基金
put option      卖出期权

Q

quick ratio      速动比率
quota      配额
quoted company      上市公司

R

（round）lot      一???br/> Range      波幅
rat trading      老鼠???br/> rating      评级
red chip      红筹???br/> redemption      赎回
rediscount      再贴???br/> refinancing      再融???br/> refund      再融???br/> reinsurance      再保???br/> reinvestment      再投???br/> release      解除，免???br/> repurchase agreement      回购协议
reserve      储存，准备金
retailing bank      零售银行
return      回报???br/> right      股权
right issue      供股
risk asset      风险资产
risk-free rate      无风险利???br/> ROA（return on asset???      资产回报???br/> road show      路演
ROE（return on equity???      股东回报???br/>


S

sales      销???br/> SDR (Special Drawing Right)      特别提款???br/> seasoned issue      二次发行/再发???br/> SEC（Securities&Exchange Commission???      美国证券交易委员???br/> secondary distribution      二级分销
secondary market      二级市场
securities law      证券???br/> securities market      证券市场
securitization      证券???br/> securitized bond      证券化债券
security      证券
seller’s market      卖方市场
selling group      经销集团
selling group agreement      经销集团协议
selling on the good news      趁好消息出货
settlement      结算
settlement date      结算???br/> settlement price      结算???br/> Share holder      股票持有???br/> share transactions      股票交易
share transfer      股份过户
short selling      卖空
sovereign risk      主权风险
Speculation      投机
speculative grade      投资级别
split      拆股
Standard&Poor’s Corporation      标准普尔公司
state-owned enterprise      国有企业
status report      （信用）状况报告
stock      股票
stock broker      股票经纪
stock exchange      股票交易所
stock index      股市指数
stock index futures      股指期货
stock option      股票期权
straight issues      直接发行
structured finance      结构金融
submajor bracket      次承销???br/> subprime crisis      次贷危机
subscription      认购
subscription price      认购???br/> swap agreement      掉期协定
swaps      互换交易
swaption      互换期权
syndication      辛迪???br/> systematic risk      系统性风???br/>


T

Takeover      收购
Takeover Market      接管市场（控制权市场???br/> target company      目标公司
technical analysis      技术分???br/> tender      投标
tender offer      要约收购
term structure of interest rates      利率的期限结???br/> thin market      不活跃市???br/> trader      交易???br/> transactions      交易
transfer      转让
treasure issues      国库???br/> treasure peg      国债钉住利???br/> treasury bill      国库???br/> trust      信托
trust deed      信托契约
turnover      成交???br/>


U

underwriting      包销
underwriter      包销???br/> unlisted security      非挂牌证???br/> unsystematic risk      非系统性风???br/>


V

Valuation Ratio      估价比率
VAR(Value at Risk)      风险价值管理模???br/> venture capital      创业基金
vertical merger      纵向并购
volatility      波幅
volume      成交???br/> voting preferred stock      附有投票权的优先???br/>


W

WACC（Weighted average cost of capital???      加权平均资本成本
Warrant      认购权证
White Knight      白武???br/> wholesale banking      批发银行
world Bank      世界银行
writer      期权出售???br/>


X

XD(ex-dividend)      除息
XR (ex-right)      除权

Y

yield to maturity      到期收益???br/>