最全金融专业必备术语汇总(带目录可查阅).doc

英语名词解释目录 A Annuity年金 It is often described as a mutual fund in an insurance wrapper. It is treated as an insurance product and as a result receives a preferential tax treatment. Specifically, the income and realized gains are not taxable if not withdrawn from the annuity product. It can be either fixed, or variable. Authorized participants拥有许可权的投资者 For ETCs, individuals do not deal directly with the provider of the ETF. That privilege is reserved for a few very large investors called authorized participants (AP) who are arbitragers. A spot contract represents a binding commitment for an exchange of funds, with normal settlement and delivery of bank balances following in two business days, or one day in the case of North American currencies(Canadian dollar). In economics and finance, arbitrage is the simultaneous, or nearly simultaneous, purchase of securities(one currency) in one market for sale in another market with the expectation of a risk-free profit. A market maker is a company, or an individual, that quotes both a buy and a sell price in a financial instrument or commodity held in inventory, hoping to make a profit on the bid-offer spread, or turn.[In foreign exchange (or FX) trading, where most deals are conducted over-the-counter and are, therefore, completely virtual, the market maker sells to and buys from its clients and is compensated by means of price differentials for the service of providing liquidity, reducing transaction costs and facilitating trade. A Eurobond is an international bond that is denominated in a currency not native to the country where it is issued. Eurobonds are financed by long-term funds in the Eurocurrency markets. They are underwritten by a multinational syndicate of banks and placed in countries other than the one in whose currency they are denominated. A balance sheet: In financial accounting, a balance sheet (or statement of financial position) is a summary of a person?s or organization’s balances 资产负债表：财务会计，资产负债表（或财务状况表