NotesOnFinancialExpressions-A(23)金融專(zhuān)業(yè)術(shù)語(yǔ)注解

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    American Association of Individual Investors(AAII) 美國(guó)個(gè)人投資者協(xié)會(huì) American Association of Individual Investors. A non-profit organization whose mission is to help individuals become smarter investors.
    American Depositary Receipt (ADR) 美國(guó)存托憑證 美國(guó)證券存單 預(yù)托證券 美國(guó)保險(xiǎn)收據(jù) 1.外國(guó)機(jī)構(gòu)發(fā)行的股票寄存在美國(guó)本土銀行,由該銀行所開(kāi)發(fā)的憑證,稱(chēng)之為ADR。透過(guò)ADR,美國(guó)國(guó)民可直接購(gòu)買(mǎi)國(guó)外上市公司的股票,對(duì)外國(guó)機(jī)構(gòu)而言,則可以回避美國(guó)繁瑣的上市申請(qǐng)手續(xù),變相在美國(guó)資本市場(chǎng)掛牌交易,取得長(zhǎng)期資金。
    2.American Depositary Receipt. A negotiable certificate issued by a U.S. bank representing a specific number of shares of a foreign stock traded on a U.S. stock exchange. ADRs make it easier for Americans to invest in foreign companies, due to the widespread availability of dollar-denominated price information, lower transaction costs, and timely dividend distributions.
    American Depositary Share 美國(guó)存款股份 ADS. The share issued under an American Depositary Receipt agreement which is actually traded.
    American Municipal Bond Assurance Corporation 美國(guó)城市債券保險(xiǎn)公司 AMBAC. A corporation which offers insurance policies on new municipal bond offerings. An offering with such insurance can command a higher price upon issue, depending on the extent to which the insurance policy guarantees interest and principal
    American option 美式選擇權(quán) 1.選擇權(quán)是一種賦予買(mǎi)賣(mài)方于指定期間內(nèi)有權(quán)按照一定價(jià)格買(mǎi)賣(mài)特定資產(chǎn)的證券。若該選擇權(quán)允許買(mǎi)賣(mài)方有效期間屆滿之前均可執(zhí)行該權(quán)利,則稱(chēng)為美式選擇權(quán)。若權(quán)利之行使僅限于期滿當(dāng)日,則為歐式選擇權(quán)(Eurpopean option)。
    2.An option which can be exercised at any time between the purchase date and the expiration date. Most options in the U.S. are of this type. This is the opposite of a European-style option, which can only be exercised on the date of expiration. Since an American option provides an investor with a greater degree of flexibility than a European style option, the premium for an American style option is at least equal to or higher than the premium for a European-style option which otherwise has all the same features. also called American-style option.
    American Stock Exchange (AMEX;ASE ) 美國(guó)證券交易所 1.位于美國(guó)華爾街附近的美國(guó)第二大證券交易所,1953年之前稱(chēng)為紐約場(chǎng)外交易所(New York Curb Exchange),許多知名的大公司最初都在美國(guó)證券交易所上市,之后才轉(zhuǎn)至紐約證券交易所掛牌交易,因此美國(guó)證券交易所也可視為紐約證券交易所上市的預(yù)備市場(chǎng)。交易的證券有普通股、特別股、美國(guó)存托憑證(ADR)、認(rèn)股權(quán)證、股票及債券選擇權(quán)合約等;美國(guó)證券交易所的交易制度與紐約證券交易所相仿,都是經(jīng)由專(zhuān)業(yè)會(huì)員商的自動(dòng)交易系統(tǒng)進(jìn)行交易。該交易所交易的指數(shù)標(biāo)的極多,主要的選擇權(quán)合約標(biāo)的有機(jī)構(gòu)指數(shù)(Institutional Index)、電腦科技指數(shù)(Computer Technology Index)、石油指數(shù)(Oil Index)、主要市場(chǎng)指數(shù)(Major Market Index)、史坦普中型股400指數(shù)(S&P Midcap 400 Index)、摩根斯坦利消費(fèi)者指數(shù)(Morgan Stanley Consumer Index)、機(jī)動(dòng)交易指數(shù)(Flexible Exchange Index)、摩根斯坦利循環(huán)指數(shù)(Morgan Stanley Cyclical Index)、香港指數(shù)(Hong Kong Index)、墨西哥指數(shù)(Mexico Index)、證券商指數(shù)(Securities Broer-Dealer Index)、天然氣指數(shù)(Naturral Gas Index)、北美電訊指數(shù)(North American Telecommunication Index)、航空指數(shù)(Airline Index)、生化科技指數(shù)(Biotechnology Index)、制藥指數(shù)(Pharmaceutical Index)、歐洲前100指數(shù)(Eurotop 100 Index)等。除股價(jià)指數(shù)、電腦科技指數(shù)及石油指數(shù)為美式選擇權(quán)外,其余均為歐式選擇權(quán);該交易所發(fā)布的指數(shù)有美國(guó)證交所市場(chǎng)價(jià)值指數(shù)(AMEX Mardet Value Index),該指數(shù)并有16各類(lèi)股指數(shù)、摩根斯坦利循環(huán)指數(shù)、制藥指數(shù)及墨西哥指數(shù)。
    2.American Stock Exchange. The second-largest stock exchange in the U.S., after the New York Stock Exchange (NYSE). In general, the listing rules are a little more lenient than those of the NYSE, and thus the AMEX has a larger representation of stocks and bonds issued by smaller companies than the NYSE. Some index options and interest rate options trading also occurs on the AMEX. The AMEX started as an alternative to the NYSE. It originated when brokers began meeting on the curb outside the NYSE in order to trade stocks that failed to meet the Big Board’s stringent listing requirements, but the AMEX now has its own trading floor. In 1998 the parent company of the NASDAQ purchased the AMEX and combined their markets, although the two continue to operate separately. also called The Curb.
    American Stock Exchange Mardet Value Index 美國(guó)證交所市場(chǎng)價(jià)值指數(shù) 1.所有在該所上市的普通股票(不包括優(yōu)先權(quán)證和認(rèn)股憑證)的平均價(jià)值。與道.瓊斯工業(yè)平均指數(shù)和紐約股票交易所指數(shù)相比,該指數(shù)包含了大數(shù)目的成長(zhǎng)公司和自然資源公司。
    2.以美國(guó)證券交易所上市的所有股票及認(rèn)股權(quán)證為成分,以個(gè)股的市值為權(quán)數(shù)所計(jì)算的股價(jià)指數(shù);該指數(shù)以1973年為基期,基期指數(shù)定為100。該指數(shù)也稱(chēng)為美國(guó)證交所指數(shù)(ASE Index)。
    American-style option 美式選擇權(quán) 1.選擇權(quán)是一種賦予買(mǎi)賣(mài)方于指定期間內(nèi)有權(quán)按照一定價(jià)格買(mǎi)賣(mài)特定資產(chǎn)的證券。若該選擇權(quán)允許買(mǎi)賣(mài)方有效期間屆滿之前均可執(zhí)行該權(quán)利,則稱(chēng)為美式選擇權(quán)。若權(quán)利之行使僅限于期滿當(dāng)日,則為歐式選擇權(quán)(Eurpopean option)。
    2.An option which can be exercised at any time between the purchase date and the expiration date. Most options in the U.S. are of this type. This is the opposite of a European-style option, which can only be exercised on the date of expiration. Since an American-style option provides an investor with a greater degree of flexibility than a European style option, the premium for an American style option is at least equal to or higher than the premium for a European-style option which otherwise has all the same features. also called American option.
    Amman Financial Mardet (AFM) 安曼金融市場(chǎng) 約旦于1976年成立的集中交易市場(chǎng),該市場(chǎng)也是約旦政府的代理機(jī)構(gòu);主要交易項(xiàng)目為普通股及特別股,交易系以一個(gè)竟標(biāo)系統(tǒng)進(jìn)行,結(jié)算作業(yè)則由經(jīng)紀(jì)商之間直接完成。
    Amortization 攤還 攤銷(xiāo) 1指定期償還貸款的方式。也可用作溢價(jià)購(gòu)入證券時(shí),將溢價(jià)部分分期分?jǐn)傊邻H回價(jià)格或再出售價(jià)格上的情況。
    2會(huì)計(jì)用語(yǔ)。將無(wú)形資產(chǎn)(如商譽(yù))或損耗性資產(chǎn)(如煤礦)的成本,以折舊方式逐期分?jǐn)傊廖磥?lái)各期間而認(rèn)列費(fèi)用。
    3.The gradual elimination of a liability, such as a mortgage, in regular payments over a specified period of time. Such payments must be sufficient to cover both principal and interest.
    4.Writing off an intangible asset investment over the projected life of the assets.