Cловарь финансово-экономических терминов и устойчивых фраз в банковской и экономической сфере. Глоссарий предназначен для студентов и переводчиков экономических текстов.
| cash on delivery (cod) | - In the context of securities, this refers to the practice of institutional investors paying the full purchase price for securities in cash.
- Наложенный платеж, уплата при доставке
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| economic and monetary union | In the context of the european union, the emu is a committment (adapted by most but not all eu countries) to move to economic integration in a number of stages culminating with a common currency.<... |
| treat me subject | In the equities market, a conditional bid or offer. "my bid or offer is not firm, but is subject to confirmation between other parties and to market changes." |
| either-way market | In the interbank eurodollar deposit market, an either-way market is one in which the bid and offered rates are identical. |
| regular way settlement | In the money and bond markets, the standard basis on which some security trades are settled is that the delivery of the securities purchased is made against payment in fed funds on the day followi... |
| option not to deliver | In the mortgage pipeline, an additional hedge placed in tandem with the forward or substitute sale. |
| investor fallout | In the mortgage pipeline, risk that occurs when the originator commits loan terms to the borrowers and gets commitments from investors at the time of application, or if both sets of terms are made... |
| borrower fallout | In the mortgage pipeline, the risk that prospective borrowers of loans committed to be closed will elect to withdraw from the contract. |
| unit trust | - In the united kingdom and other foreign markets, an open-end mutual fund.
- Паевой фонд
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| realistic on price | In trading, and indication that the size under consideration requires price give, especially with illiquid stocks. see: takes price. |
| current issue | In treasury securities, the most recently auctioned issue. trading is more active in current issues than in off-the-run issues. also known as on-the-run issue. |
| official unrequited transfers | Include a variety of subsidies, military aid, voluntary cancellation of debt, contributions to international organizations, indemnities imposed under peace treaties, technical assistance, taxes, o... |
| unrelated business tax income | Income earned by a tax-exempt entity that does not result from tax-exempt activities. the entity may owe taxes on this income. |
| real cash flow | Income expressed in current purchasing power terms. |
| phantom income | Income from a limited partnership that creates taxability without generating cash flow. |
| other income | Income from activities that are not undertaken in the ordinary course of a firm`s business. |
| unearned income (revenue) | Income received in advance of the time at which it is earned, such as prepaid rent. |
| partial compensation | Incomplete payment for the delivery of goods to one party by buying back a certain amount of product from the same party. |
| quality of earnings | Increased earnings due to increased sales and cost controls, as compared to artificial profits created by inflation of inventory or other asset prices. |
| value maximization | Increases in owners` wealth achieved by maximizing of the value of a firm`s common stock. |
| abx index | Index created by the firm markit. it is based on the price of credit default swaps on the index`s constituent mortgage backed securities. a decline in the the abx index indicates that the market a... |
| producer price index (ppi) | Index measuring changes in wholesale prices, published by the us bureau of labor statistics every month. |
| barron`s confidence index | Index measuring the ratio of the average yield on 10 top-grade bonds to the average yield on 10 intermediate-grade bonds. the discrepancy between high-rated top-grade bonds and low-rated bond yiel... |
| s&p 500 composite index | Index of 500 widely held common stocks that measures the general performance of the market. |
| dividend yield (stocks) | Indicated yield represents annual dividends divided by current stock price. |
| dividend yield (funds) | Indicated yield represents return on a share of a mutual fund held over the past 12 months. assumes fund was purchased a year ago. reflects effect of sales charges (at current rates), but not rede... |
| in competition | Indication that the customer has revealed trading interest to multiple brokers and that the trade will take place with the firm having the highest bid or lowest offer. antithesis of exclusive. |
| debt/equity ratio | Indicator of financial leverage. compares assets provided by creditors to assets provided by shareholders. determined by dividing long-term debt by common stockholder equity. |
| return on capital employed (roce) | Indicator of profitability of the firm`s capital investments. determined by dividing earnings before interest and taxes by (capital employed plus short-term loans minus intangible assets). the ide... |
| momentum indicators | Indicators used in market analysis to quantify the momentum of upward and downward price movements. |
| commodity indices | Indices measuring the price and performance of physical commodities, often by the price of futures contracts for the commodities that are listed on commodity exchanges. |
| intellidex | Indices traded on the amex weighted by certain criteria in an attempt to create excess returns. the stocks included in an intellidex are chosen using a system called the intelligent index methodol... |
| the public | Individual investors who trade single securities independently or invest in intermediaries such as mutual funds, as opposed to professional investors. |
| roth ira | Individual retirement account that allows contributors to make annual contributions and to withdraw the principal and earnings tax-free under certain conditions. maximum annual contributions are $... |
| price takers | Individuals who respond to rates and prices by acting as though prices have no influence on them. |
| selling dividends | Inducing a prospective customer tobuy shares in order to profit from a dividend scheduled in the near future. |
| cost-push inflation | Inflation caused by rising prices, usually from increased raw material or labor costs that push up the costs of production. related: demand-pull inflation. |
| wage-push inflation | Inflation caused by skyrocketing wages. |
| real gdp | Inflation-adjusted measure of gross domestic product. |
| humphrey-hawkins act | Informal name for the full employment and balanced growth act of 1978, from the names of the act`s original sponsors. |
| synchronous data | Information available at the same time. to test option-pricing models, the price of the option and of the underlying should be synchronous and reflect the same moment in the market. |
| technical information | Information related to the momentum of a particular variable. in market analysis, technical information is information related to market dynamics and crowd behavior only. |
| thinly traded | Infrequently traded. |
| risk-neutral | Insensitive to risk. |
| no protest | Instructions given to a collecting bank not to protest a specific item in the event of non payment or non acceptance. |
| credit insurance | - Insurance against abnormal losses due to unpaid accounts receivable.
- Insurance a lender offers or requires a borrower to purchase to cover the loan. if the borrower dies or becomes ...
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| institutions | Insurance companies, pension funds, trusts, foundations, mutual funds, funds managers, bank investment departments. |
| marine cargo insurance | Insurance covering loss or damage to goods in transit. |
| umbrella policy | Insurance for exports of an exporter whose issuer handles all administrative requirements. |
| personal article floater | Insurance policy attachment designed to cover specified personal valuables. |
| second-to-die insurance | Insurance policy that, on the death of the spouse dying last, pays a death benefit to the heirs that is designed to cover estate taxes. |
| multiple peril insurance | Insurance policy which covers a wide variety of property damage. |
| casualty-insurance | Insurance protecting a firm or homeowner against loss of property, damage, and other liabilities. |
| completion bonding | Insurance that a construction contract will be completed successfully. |
| uninsured motorist insurance | Insurance that covers the policyholder and family if they are injured by a hit-and-run or uninsured motorist, assuming the other driver is at fault. |
| replacement cost insurance | Insurance that pays out the full amount required to replace damaged property with new property, without taking into account the depreciated value of the property. |
| interest during construction | Interest accumulated during construction period, which usually equals capitalized interest. |
| gross interest | - Interest earned before taxes are deducted.
- Проценты до удержания налогов
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| interest on interest | Interest earned on reinvestment of each interest payment on money invested. see: compound interest. |
| bank investment contract (bic) | Interest guaranteed by the bank in a portfolio over a specific time frame with a specific yield. |
| consumer interest | Interest paid on consumer loans; e.g., interest on credit cards and retail purchases. |
| spot interest rate | Interest rate fixed today on a loan that is made today. related: forward interest rates. |
| interest on reserves | Interest rate that a central bank pays to banks on funds that are statuatory reserve requirements as well as the reserves that are in excess of the required reserves. related: excess reserves. |
| interest on excess reserves | Interest rate that a central bank pays to banks on funds that exceed the statuatory reserve requirements. related: excess reserves. |
| short-term interest rates | Interest rates on loan contracts-or debt instruments such as treasury bills, bank certificates of deposit or commerical paper-having maturities of less than one year. often called money market rat... |
| open-market rates | Interest rates that are determined in the open market by supply and demand, as opposed to being set by the federal reserve board. |
| unearned interest | Interest that has been received on a loan, but that cannot be treated as a part of earnings yet, because the principal of the loan has not been outstanding long enough. |
| interest in arrears | Interest that is due only at the maturity date rather than periodically over the life of the loan. |
| u.s. treasury securities | Interest-bearing obligations if the u.s. government issued by the u.s. department of the treasury as a means of borrowing money to meet government expenditures not covered by tax revenues. there a... |
| eurocredits | Intermediate-term loans of eurocurrencies made by banking syndicates to corporate and government borrowers. |
| incremental internal rate of return | Internal rate of return (i.r.r.) on the incremental investment from choosing a larger instead of a smaller project. |
| uniform customs and practices (brochure 500) | International chamber of commerce rules (commonly referred to as ucp 500 or icc 500), that are used for letters of credit. these letters then become legally binding when written into the text of t... |
| reuters | International news and quotation service based in london. |
| federal intrafund transactions | Intrabudgetary transactions in which payments and receipts both occur within the same federal fund group. |
| stand-alone principle | Investment approach that advocates a firm should accept or reject a project by comparing it with securities in the same risk class. |
| levered portfolio | Investment at least partially financed by borrowing. |
| variable annuities | Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. |
