【正文】 accounting value of an assetthe asset39。 (2) a firm: total assets minus liabilities and preferred stock as listed on the balance sheet. Book value per share (每股帳面價(jià)值） The ratio of stockholder equity to the average number of mon shares. Book value per share should not be thought of as an indicator of economic worth, since it reflects accounting valuation (and not necessarily market valuation). Bottom（底部） Refers to the base support level for market prices of any type. Also used in the context of securities to refer to the lowest market price of a security during a specific timeframe. Bounce （反彈） A check returned by a bank because it is not payable, usually because of insufficient funds. Also used in the context of securities to refer to the rejection and ensuing reclamation of a security。s abrupt decline and recovery. Brady bonds （布雷迪債券） Bonds issued by emerging countries under a debt reduction plan. Breadth of the market In the context of general equities, percentage of stocks participating in a particular market move. Technical analysts say there was significant breadth if twothirds of the stocks listed on an exchange move in the same direction during a trading session. Break price （突破價(jià)位） Used in the context of general equities. Change one39。s position, thus breaking price from where the trades occurred (if long, break price downward 1/8 a point or more). Breakeven analysis(盈虧平衡分析) A technique for studying the relationship among fixed costs, variable costs, profits, and sales volume. Breakeven chart(盈虧平衡圖) A graphic representation of the relationship between total revenues and total costs for various levels of production and sales, indicating areas of profit and loss. Breakeven point(盈虧平衡點(diǎn)) The sales volume required so that total revenues and total costs are equal。s price above a resistance level (monly its previous high price) or a drop below a level of support (monly the former lowest price.) A breakout is taken to signify a continuing move in the same direction. Can be used by technical analysts as a buy or sell indicator Bretton Woods Agreement(布雷頓森林體系) An agreement signed by the original United Nations members in 1944 that established the International Monetary Fund (.) and the postWorld War II international monetary system of fixed exchange rates. Bridge financing （過渡性融資） Interim financing of one sort or another used to solidify a position until more permanent financing is arranged. Broker （經(jīng)紀(jì)人） An individual who is paid a mission for executing customer orders. Either a floor broker who executes orders on the floor of the exchange, or an upstairs broker who handles retail customers and their orders. Also, person who acts as an intermediary between a buyer and seller, usually charging a mission. A broker who specializes in stocks, bonds, modities, or options acts as an agent and must be registered with the exchange where the securities are traded. Bubble Economy(泡沫經(jīng)濟(jì)) Bulge bracket （主導(dǎo)階層） A tier of firms in an underwriting syndicate that have the highest participation level. Bull market （牛市） Any market in which prices are in an upward trend. Bull spread （牛市價(jià)差） A spread strategy in which an investor buys an outofthemoney put option, financing it by selling an outofthe money call option on the same underlying security. Bulldog bond （猛犬債券） Foreign bond issue made in London. Bullet strategy （子彈式策略） A fixed ine strategy in which a portfolio is constructed so that the maturities of its securities are highly concentrated at one point on the yield curve. Business day （營(yíng)業(yè)日） A day in which financial markets are open for trading. Business risk(經(jīng)營(yíng)風(fēng)險(xiǎn)) The inherent uncertainty in the physical operations of the firm. Its impact is shown in the variability of the firm39。s market （買方市場(chǎng)） Market in which the supply exceeds the demand, creating lower prices. Buy order （買入指令） An order to a broker to purchase a specific quantity of a security.金融詞匯之三Call Money 活期存款 Call Option 買入期權(quán) Call Premium 贖回溢價(jià)（貼水） Call Price 回購價(jià)格 Call Provision 贖回條款 Capital Accounts 資本賬戶 Capital Asset Pricing Model(CAPM) 　　 資本資產(chǎn)定價(jià)模型 Capital Budgeting（實(shí)物資產(chǎn)的）投資決策 Capital Gain(Loss)資本利得（損失）　 Capital Gain Yield資本利得收入 Capital Goods 資本貨物 Capital Markets　 資本市場(chǎng) Capital Market Line 資本市場(chǎng)線 Capital Rationing 資金限額 Capital Structure 資本結(jié)構(gòu) Capitalization Rate 資本化利率 Capitalization Expenditure 資本化費(fèi)用 Carrying Cost 占有成本 Cash Account 現(xiàn)金賬戶 Cash BreakEven現(xiàn)金盈虧平衡 Cash Budget 現(xiàn)金預(yù)算 Cash Cycle 現(xiàn)金循環(huán)周期 Cash Discount 現(xiàn)金折扣 Cash Discount Period 現(xiàn)金折扣期 Cash Dividend 現(xiàn)金股利 Cash Equivalents 現(xiàn)金等價(jià)物 Cash Flow　現(xiàn)金流量 Cash Flow from Assets 總資產(chǎn)現(xiàn)金流量 Cash Flow to Creditors債權(quán)人現(xiàn)金流量 Cash Flow to Shareholders所有者現(xiàn)金流量 Cash Inflow 現(xiàn)金流入 Cash Insolvency 收不抵支 Cash Management Accounts(CMAs) 現(xiàn)金管理賬戶 Cash Matching 現(xiàn)金配比 Cash Outlay 現(xiàn)金流出 Cash Price 現(xiàn)金價(jià)格 Casualty Insurance 意外事故保險(xiǎn) Ceiling Price 最高限價(jià) Central Bank 中央銀行 Certainty Equivalent(CE) 肯定當(dāng)量 Certificates of Deposit(CDs) 大額可轉(zhuǎn)讓定期存單 Characteristic Line 特征曲線 Charter of Public Accountings(CPA) 注冊(cè)會(huì)計(jì)師 Chattel Mortgage 動(dòng)產(chǎn)抵押 Checking Account 支票存款戶頭 Clayton Act. 克萊頓法案 Clearing House 票據(jù)清算所 Commercial Bank 商業(yè)銀行 Commercial Paper 商業(yè)票據(jù) Commission 傭金 Commitment Fee 承諾費(fèi) Commodity Money 商品貨幣 Commodities Futures Trading Commission(CFTC) （美）商品期貨交易委員會(huì) CommonBaseYear Statement百分比比較財(cái)務(wù)報(bào)表 CommonSize Statement　百分比財(cái)務(wù)報(bào)表 Common Stock 普通股 Comparative Advantage 比較優(yōu)勢(shì) Compensating Balance 補(bǔ)償余額 Competitive Bidding 競(jìng)爭(zhēng)性投標(biāo) Competitive Markets 競(jìng)爭(zhēng)性市場(chǎng)Competitive Trader 場(chǎng)內(nèi)經(jīng)紀(jì)人 Complements 互補(bǔ)品 Complete Crowding Out 完全擠出 Complete Market 完全市場(chǎng) Composite Stock Price Tables 綜合股票價(jià)格表 Compounding 復(fù)利 Compound Interest復(fù)利利息 ComputerAssisted Order Routing and Execution System(CORES) 計(jì)算機(jī)指令下達(dá)執(zhí)行系統(tǒng) ComputerAssisted Trading System(CATS) 計(jì)算機(jī)交易系統(tǒng) Conditional Sales Contract 有條件銷售合同 Consol 永不還本債券，統(tǒng)一公債 Consolidated Corporate Tax Returns 匯總所得稅申報(bào)表 Consolidated Quotatio