Cловарь финансово-экономических терминов и устойчивых фраз в банковской и экономической сфере. Глоссарий предназначен для студентов и переводчиков экономических текстов.
| carry trade | For the bond market, this refers to a trade where you borrow and pay interest in order to buy something else that has higher interest. for example, with a positively sloped term structure (short r... |
| bulldog bond | Foreign bond issue made in london. |
| yankee bonds | Foreign bonds denominated in u.s. dollars and issued in the united states by foreign banks and corporations. these bonds are usually registered with the sec. such as, bonds issued by originators w... |
| sterilized intervention | Foreign exchange market activity by which monetary authorities insulate their domestic money supplies from the foreign exchange transactions with offsetting sales or purchases of domestic assets.<... |
| unsterilized intervention | Foreign exchange market intervention in which the monetary authorities have not insulated their domestic money supplies from the foreign exchange transactions. |
| stock exchanges | Formal organizations, approved and regulated by the securities and exchange commission (sec), that are made up of members who use the facilities to exchange certain common stocks. the two major na... |
| gray list | Formal roster of stocks that can be traded by the block desks, but not in risk arbitrage because an investment bank is involved with the company on nonpublic activity (e.g., mergers and acquisitio... |
| international swap dealers association (isda) | Formed in 1985 to promote uniform practices in the writing, trading, and settlement of swaps and other derivatives. |
| stock exchange, mumbai (bse) | Formerly the bombay stock exchange, the bse accounts for more than one-third of indian trading volume. |
| deutsche terminborse (dtb) | Formerly the german financial futures and options market. merged with the swiss options and financial futures exchange (soffex) in 1998 to form eurex, the european derivatives exchange. |
| checkwriting | Free checkwriting privileges offered with nonretirement accounts for select mutual funds. |
| seller financing | Funding a purchase by a seller`s loan to the buyer, the buyer takes full title to the property when the loan is fully repaid. |
| subsidized financing | Funding provided by a government or other entity that is available at a below-market interest rate. |
| syndicated eurocredit loans | Funding provided by a group (or syndicate) of banks in the eurocredit market. |
| external finance | Funding that is not generated by a firm`s operations: new borrowing or a stock issue. |
| clearing house funds | - Funds from the federal reserve system, requiring three days to clear, that are passed to and from banks.
- Средства с использованием в следующий рабочий день
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| sovereign wealth fund (swf) | Funds owned by sovereign nations that invest the savings of an entire state, foreign exchange reserves, or excess liquidity. |
| travel and entertainment expense | Funds spent on business travel and entertainment that qualify for a tax deduction of 50% of the amount claimed. |
| pension liabilities | Future liabilities resulting from pension commitments made by a corporation. accounting for pension liabilities varies widely by country. |
| cash settlement contracts | Futures contracts such as stock index futures that settle for cash and do not involve delivery of the underlying. |
| convertible bond | General debt obligation of a corporation that can be exchanged for a set number of common shares of the issuing corporation at a prestated conversion price. |
| economic assumptions | General market environment a firm expects to operate in over the life of a financial plan. |
| intermediate trend | General movement in price data that lasts from three weeks to six months. |
| broad-base | Generally referring to an index, it indicates that the index is composed of a sufficient number of stocks or of stocks in a variety of industry groups. see also: narrow-based. |
| narrow-based | Generally referring to an index, it indicates that the index is composed of only a few stocks, generally in a specific industry group. see also broad-based. |
| required yield | Generally referring to bonds; the yield required by the marketplace to match available expected returns for financial instruments with comparable risk. |
| downside protection | Generally used in connection with covered call writing, this is the cushion against loss, in case of a price decline by the underlying security, that is afforded by the written call option. altern... |
| endowment | - Gift of money or property to a specified institution for a specified purpose.
- Фонд (благотворительный)
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| equivalent loan | Given the after-tax stream associated with a lease, the maximum amount of conventional debt that the same period-by-period after-tax debt service stream is capable of supporting. |
| multicurrency loans | Gives the borrower the possibility of drawing a loan in different currencies. |
| put provision | Gives the holder of a floating-rate bond the right to redeem the note at par on the coupon payment date. |
| bargain-purchase-price option | Gives the lessee the option to purchase the asset at a price below fair market value when the lease expires. |
| quality option | Gives the seller choice of deliverables in treasury bond and treasury note futures contracts. also called the swap option. related: cheapest to deliver issue. |
| without recourse | - Giving the lender no right to seek payment or seize assets in the event of nonpayment from anyone other than the party specified in the debt contract (such as a special-purpose entity).
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| get hit | Go lower in price, when bids in the stock or market are hit, causing those bids to vanish and be replaced by lower ones. come in. antithesis of on the take. |
| monetary gold | Gold held by governmental authorities as a financial asset. |
| precious metals | Gold, silver, platinum, and palladium, which are used for their intrinsic value or for their value in production. these may be traded either in their physical state or by way of futures and option... прецизионные металлы; |
| convertible 100 | Goldman sachs index of the 100 convertibles of greatest institutional importance. weighted by issue size, it measures the performance of its components against that of their underlying common stoc... |
| durable merchandise | Goods that have a relatively lengthy life (television sets, radios, etc.). |
| price support | Government intervention to set an artificially high price through the use of a price floor designed to aid producers. |
| too-big-too-fail | Government practices that protect large banking organizations from the normal discipline of the marketplace because of concerns that such institutions are so important to markets and their positio... |
| exchange controls | - Government restrictions on the purchase of foreign currencies by domestic citizens or on the purchase of the local domestic currency by foreigners.
- Валютное регулирование
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| restricted stock award | Grants of shares of stock subject to restrictions on sale and risk of forfeiture until vested by continued employment. restricted stock typically vests in increments over a period of several years... |
| perfect forecast line | Graph of a slope that matches the forecast of an exchange rate with the actual exchange rate. |
| minimum-variance frontier | Graph of the lowest possible portfolio variance that is attainable for a given portfolio expected return. |
| efficient set | Graph representing a set of portfolios that maximize expected return at each level of portfolio risk. |
| risk classes | Groups of projects that have approximately the same amount of risk. |
| bottomline growth | Growth in net profit. also see topline growth. |
| topline growth | Growth in revenues. refers to overall growth rather than segment growth. also see: bottomline growth. |
| internal expansion | Growth of assets resulting from internal financing or internally generated cash flow. |
| export credit guarantee | Guarantee from the uk export credit agency. |
| stopped | Guaranteed a specific price on the customer`s working order while the dealer tries to obtain a better one. stopped against one`s self involves a customer order and a firm`s own account, not two cu... |
| 20% cushion rule | Guideline that revenues from facilities financed by municipal bonds should exceed the operating budget plus maintenance costs and debt service by at least 20% to allow for unforeseen expenses. |
| initial filing | Has various meanings. it could refer to a form that is filed with the securities and exchange commission in advance of a major event, such as a public offering or a share repurchase. it could also... |
| crowding out | Heavy federal borrowing that drives interest rates up and prevents businesses and consumers from borrowing when they would like to. |
| hammering the market | Heavy selling of stocks by speculators who think that the stock is overvalued and is about to drop. |
| staggering maturities | Hedging against interest rate movements by investment in short-, medium-, and long-term bonds. |
| bo derek stock | High quality stock. |
| cushion bonds | High-coupon bonds trading at a premium that tend to fall in price much less than comparable bonds when interest rates rise (hence the cushion effect), because of their high coupons. |
| chair of the board | Highest-ranking member of a board of directors, who presides over its meetings and who is often the most powerful officer of a corporation. |
| performance stock | High-growth stock in a company that retains earnings for further growth and therefore pays no dividends, but that an investor feels has significant future potential. |
| pik (payment-in-kind) securities | Highly bonds or preferred stock that pay interest or dividends through additional bonds or preferred stock. |
| high flyer | High-priced and highly speculative stock that moves up and down sharply over a short period. generally glamorous in nature due to the capital gains potential associated with them; also used to des... |
| eighth[-ed] | Historical term used in the context of general equities. a specialist or another broker is bidding higher or offering lower than we are, often topping or undercutting us by an eighth. |
| contractual intermediary | Holder of an indirect claim through a legal agreement that specifies that the individual must make periodic, fixed payments to the intermediary in exchange for the right to receive payments from t... |
| bonds enabling annual retirement savings (bears) | Holders of bears receive the face value of the bonds underlying call option, which is exercised by cubs (an acronym for calls underwritten by swanbrook). if the calls are exercised by cubs, bears ... |
| safekeep | Holding by a bank of bonds and money market instruments. for a fee, the bank clips coupons and presents for payment at maturity. |
| escrowed to maturity (etm) | Holding of the proceeds from a new bond issue to pay off an existing bond issue at its maturation date. |
| official reserves | Holdings of gold and foreign currencies by official monetary institutions. |
| sidelines | Hypothetical position referring to noninvolvement in a stock; merely watching. |
| homemade leverage | Idea that as long as individuals borrow (or lend) on the same terms as the firm, they can duplicate the effects of corporate leverage on their own. thus, if levered firms are priced too high, rati... |
| replacement-chain problem | Idea that future replacement decisions must be taken into account in selecting among projects. |
| relative purchasing power parity (rppp) | Idea that the rate of change in the price level of commodities in one country relative to the price level in another determines the rate of change of the exchange rate between the two countries` c... |
| real assets | - Identifiable assets, such as land and buildings, equipment, patents, and trademarks, as distinguished from a financial investment.
- Недвижимость
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| contrarian investing | Ignoring market trends by buying securities that the investor considers undervalued and out of favor with other investors. |
| red-lining | Illegal discrimination in making loans, insurance coverage, or other financial services available to people or property in certain areas because of poor economic conditions, high levels of fraudul... |
| painting the tape | Illegal practice by traders who manipulate the market by buying and selling a security to create the illusion of high trading activity and to attract other traders who may push up the price. |
