金融英語相關詞彙彙總
不要以爲金融行業離我們很遠，其實它在我們生活的各個角落都有體現。學習一些金融英語詞彙對我們的生活以及工作也是有好處的，那些專業的金融詞彙一出來你就能大致瞭解意義，方便又安全。如果你是金融行業從業者，更要掌握這些金融的英語詞彙了。下面是小編爲您收集整理的金融英語相關詞彙彙總，供大家參考!
51. diversification 分散投資
52. dividends 紅利
53. document of title 物權單據
le mortgage 雙重抵押
55. Documents against Acceptance,D/A 承兌交單
56. Documents against Payment,D/P 付款交單
57. domestic correspondent 國內通匯銀行
58. domestic deposit 國內存款
59. domestic exchange 國內匯兌
60. double leasing 雙重租賃
61. documentary collection 跟單託收
62. double option 雙向期權
63. Dow Jones average 道·瓊斯平均數
64. down payment 首期
65. downgrade 降級
66. downside 下降趨勢
67. downtick 跌點交易
68. Dragon card 龍卡
69. draw 提款
70. draw cheque 簽發票據
71. drawee bank 付款銀行
72. drawing account 提款帳戶
73. dual exchange market 雙重外匯市場
74. dual trading 雙重交易
75. due from other funds 應收其他基金款
76. electronic cash 電子現金
77. dumping 拋售
Implicit deflator 隱性通貨緊縮指數
Import quota 進口配額
Import tariff 進口關稅
In-the-money 價內(期權)
Incentive site 魚餌網點(互聯網)
Income tax 所得稅;入息稅;薪俸稅
Indemnification 賠償
Indexed performance 指數表現
Indicative price 指示性價格
Industrail and Commercial Consolidated Tax 工商統一稅
Information memorandum 資料備忘錄
Information technology 信息科技
Initial Conversion Premium 初次轉換溢價
Initial Public Offering 首次公開招股發行
Insider trading 內幕交易
Institutional investor 機構投資者
Intangible asset 無形資產
Intellectual property (IP) 知識產權
Interest Rate Swap 利率掉期
Intergovernmental loan 政府間貸款
Interim report 中期報告
Intermediary 中介機構; 中介人
International Accounting Standards 國際會計準則
International Finance 國際融資
International Market 國際市場
International Monetary Fund 國際貨幣基金
International Monetary Market 國際貨幣市場
International Organization for Standardization 國際標準化組織
International Trust & Investment Corp. 國際信託投資公司(國投公司)
投資，大公司不一定就好
A Great Business Isn't a Great Investment at the Wrong Price or Wrong Terms
如果價格或者條件不合適，那大公司也不是好的投資之選
We spend a lot of time talking about the various traits of a good business - high returns on equity, little or no debt, franchise value, a shareholder friendly management, etc.
我們花了大量時間討論好的投資產品的多種特點：股本收益高、基本沒有債務、特許權價值、對股東有益的管理等等。
Although Charlie Munger's dictum, "it's far better to buy a good business at a fair price rather than a fair business a great price" is true, it is important for you to realize that good results are not likely to be had by those that buy such stocks regardless of price.
雖然查理·芒格說的“以相對公平的價格買下好的投資產品要好於以高昂價格買下一個相對公平的投資產品”是對的，但對你來說，懂得不考慮價格就買這樣的股票也不一定會有好的收益，這一點很重要。
It's a fine distinction, but one that can mean the difference between good results and disastrous losses. At least, not within a short period of time.
這是細微的差別，但它指的是高收益和災難性損失之間的區別。至少短期內是這樣的。
Back in the late 1960's, Wall Street became enthralled with a group of stocks dubbed The Nifty Fifty. Perhaps the online encyclopedia Wikipedia sums it up best, "[These stocks] had everything going for them - brand names, patents, top management, spectacular sales, and solid profits.
回顧20世紀60年代末期，華爾街迷上了一批稱爲Nifty Fifty的股票，可能網絡百科全書Wikipedia總結得最到位“這些股票有所有讓你買下的理由：大牌、專利、高層管理人員、可觀的銷售額和穩定的利潤。
They were thought to be best stocks to buy them and hold them for the long run, and that was all you needed to do.
人們認爲這些是可以買下並長期持有的最好的股票，你只需買下就好。
These were the stocks 'dreams' were made of the long haul to retire with."
這些是做夢都想買的股票，可以長期持有，退休有它就夠了。”
The fatal flaw in this logic is that investors believed that these companies - enterprises such as Eastman Kodak and Xerox - were so inherently good that they could (and should) be bought at any price. Of course, this is simply not the case.
這一邏輯的致命缺陷就是投資者認爲這些公司如柯達公司和施樂太好了，以什麼價格都能(而且應該)買入，當然事實並非如此。
Although a stock trading at a high p/e ratio isn't always overpriced, more often than not, a stock trading at a price-to-earnings ratio of 60x is almost assuredly going to generate a rate of return less than that of a so-called "risk-free" U.S. Treasury bond.
雖然以高市盈率交易的股票並非總是價格偏高，但往往以60x的市盈率交易的股票產生的回報率的確會低於所謂的“無風險”美國國債。
What makes this discussion complicated is:
導致這一問題複雜化的因素是：
First, many inexperienced investors fail to realize that, even though companies like Eastman Kodak went bankrupt, long-term investors still should have walked away with a lot more wealth than they had prior to their investment.
首先，很多缺乏經驗的投資者沒有意識到即使像柯達這樣的公司破產了，長期投資者仍然可以帶着比投資之前賺到的更多的錢轉移資金。
This can be difficult to grasp if you aren't aware of how dividends, spin-offs, split-off, and even tax loss credits work but it is, nevertheless, the case.
如果你不懂股息、剝離、分拆，甚至抵稅是如何操作的，那這個很難掌握，但事實仍然並非如此。
Second, for 20 to 30 years after the Nifty Fifty peaked, the basket of stocks, as a whole, underperformed the market.
其次，Nifty Fifty火爆之後的20-30年間，股票籃子整體市場表現不佳。
However, by the time you started getting into the 30 to 40-year range, the underlying businesses were, in fact, so good that they ultimately ended up beating the market as the core economic engines were so superior they burned off the excess valuation.
然而你買了30-40年之後，這個潛在的投資產品其實也很好，最終能戰勝股市，因爲核心經濟引擎太好了，能消耗掉過剩價值。
Not only that, but the Nifty Fifty would have had better tax efficiency than an index fund. When dealing with excellent businesses, the ghost ship approach, historically, has won in the long-run but how many investors are willing to stick with 30 or 40 years of near total passivity in a lifetime that, for most people, will last only 80 years or so? Again, it's an issue for behavioral economics.
不僅如此，Nifty Fifty比指數基金的稅收效益更好，從歷史角度來看“幽靈船”的方法針對好的投資產品具有長期優勢，但有多少投資者願意一輩子幾乎完全被動地等上30或40年呢?大多數人只能活80歲左右。再強調一下，這是行爲經濟學的問題。
All else equal, though, try and avoid investments that are priced to perfection with no margin of safety because a mere blip in operating performance could cause a long-term, catastrophic loss in principal as fickle speculators flee to hotter securities.
然而其他的都一樣，你要儘量避免定價完美但利潤沒有保證的投資，因爲操作時的一點波動，都會對本金造成長期的巨大損失，因爲變化無常的投機者會轉向更熱門的證券市場。
Even then, if you are going to consider it, stick solely to the bluest of the blue chips. You can probably get away with overpaying for a company like Johnson & Johnson if you're going to hold it for the next 50 years - nobody knows the future but the odds seem to favor it - whereas I wouldn't be so keen on doing it for a firm like Facebook.
儘管如此，如果你想，你還可以堅持只投藍籌股中最穩定的，強生這種公司的股票如果你在手裏存50年也能避免花冤枉錢，誰也不能預測未來，但勝算還是有的，否則我也不會熱衷於長期持有臉書這樣的公司的股票。
