个人总结的CFA考试词汇L1word4资料.docx

Prioritize vt.按优先次序列出，优先考虑profile n.侧面；人物简介；轮廓，曲线vt.为…描绘pet n.宠物vt.抚摸，轻抚a.宠爱的a pet project of senior management有公司高管偏好在里面的项目perk vi.昂首，振作，举止高傲，神气活现vt.竖起，打扮，使振作，滤煮n.小费，津贴;额外补贴 ad hoc adj.特别地；专门地；格外地 仅为某一目的（而做或安排）（的）；特别（的）： 非事先计划（的）；非正式（的）：Yield SpreadThe difference between yields on differing debt instruments, calculated by deducting the yield of one instrument from another. The higher the yield spread, the greater the difference between the yields offered by each instrument. The spread can be measured between debt instruments of differing maturities, credit ratings and risk.Investopedia Says:Looking at the yield spread, often with historical spreads, can give investors ideas for potential investment opportunities.For example, if the five-year Treasury bond is at 5% and the 30-year Treasury bond is at 6%, the yield spread between the two debt instruments is 1% （6% - 5%）. If the yield spread has historically been closer to 5%, the investor is much more likely to invest in the five-year bond compared to the 30-year bond （as it should be trading around 1% instead of 6%）.In other words, if the 30-year bond is trading at 6%, then based on the historical yield spread, the five-year should be trading at around 1%, making it very attractive at its current yield of 5%.收益利差:不同品质证券的收益率之间的差额。

债券的收益率与相同到期日的无风险证券（通 常是政府债券）收益率的差，该收益利差主要由市场对该债券信用风险的预期来决定的 tax bracket n.税率等级Corporate TaxA levy placed on the profit of a firm; different rates are used for different levels of profits. Investopedia Says:Corporate taxes are usually levied by all levels of government （ie. State and Country） 公司税：因应公司利润征收的税项，不同水平利润采用不同的税率forego [foi'gsu]vt.,vi. （-went [-'went]; -gone [-'gon]）在…之前，居先，先行放弃 foregone adj. 1先前的，已知的，过去的2预先决定的；确定要发生的；（结局）预料中必 然的3放弃的cash conversion cycle 资金周转周期；现金流转周期tied up套牢；多头套牢；空头套牢；给套住（内）；被缚；"大闸蟹” 东西等搁死的；不能挪作他用的；人等脱不了身的；忙得不可开交的 Overly过度地;极度地in the context of 在… 情况下aging schedule帐龄分析表 分期表aging schedule of account receivable n.应收帐款帐龄分析表aging the account n.帐龄分价aging the receivable n.分析付款欠帐的时间lenient adj.宽大的；慈悲为怀的；仁慈的carrying cost n.仓储费用保管费维持成本利息成本；持有成本；资金成本差额 put up with忍受；容忍，忍耐，迁就line of credit n.信用贷款之最高限额信用限额uncommitted balance未定用途的结余款项uncommitted adj 1.未承诺的2,不受（誓约等）约束的，自由的3.未遂的4,未被监禁的 overdraft 透支An instant extension of credit from a lending institution.Investopedia Says:If you have an overdraft account, your bank will cover checks which would otherwise bounce. As with any loan, you pay interest on the outstanding balance of an overdraft loan.bounce n.跳，弹力，跳跃v.反跳，弹跳；使跳回，使撞击退票（内&港）；支票未兑现（港）指支票）遭银行退票（因帐户中无钱）Prime Rate最优惠利率 最低利率商业银行向最重要或信用质素最佳的客户，一般是大型机构，收取的利率The interest rate that commercial banks charge their most credit-worthy customers.Generally a bank's best customers consist of large corporations.Investopedia Says:Default risk is the main determiner of the interest rate a bank will charge a borrower.Because a bank's best customers have little chance of defaulting, the bank can charge them a rate that is lower than the rate that would be charged to a customer who has a higher likelihood of defaulting on a loan.factoring应收帐款转/让售 n.代理经营，代理融通，因子分解Blanket Lien总括/一揽子留置权A lien covering nearly all types of assets and collateral owned by a debtor.Investopedia Says:A lien usually only gives the creditor the right to a specific asset. A blanket lien gives the creditor a legal interest in all the debtor's assets and other collateral. Defaulting on a debt in this situation can result in "losing your shirt".Lien留置权（扣押权）~ （on/upon sth） right to keep sb's property until a debt owed in connection with it （for repair, transport, etc） is paid留置权，扣押权（扣押某人财产直至债务，如修理费、运输 费等清偿方予放还者）.When a creditor or bank has the right to sell the mortgaged or collateral property of those who fail to meet the obligations of a loan contract.Investopedia Says:This is typically enforced under provincial or state laws.direct placement直接发售（内&港）；不通过中介证券出售（内）；直接配售；发行 债券时的直接销售cost effective成本效率;节省成本的redundant n.过剩的，多余的，冗长的，过多的pro forma n.预测报表，估计的,形式上 作为惯例；形式上（的）.Pro FormaA Latin term meaning "for the sake of form". In the investing world, it describes a method of calculating financial results in order to emphasize either current or projected figures. Investopedia Says:Pro forma financial statements could be designed to reflect a proposed change, such as a merger or acquisition, or to emphasize certain figures when a company issues an earnings announcement to the public.Investors should be careful when reading a company's pro-forma financial statements, as the figures may not comply with generally accepted accounting principles （GAAP）. In some cases, the pro-forma figures may differ greatly from the those derived from GAAP.备考、模拟：拉丁文用词，对投资界而言，指计算财务业绩，以强调当时或预计数据的方法 take note of注意，留意Corporate Governance公司治理；企业/公司管治The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as de。