风险投资常到用术语中的英文解释.docVIP

风险投资常用术语中的英文解释(3) 来源：??日期：2008-07-04 00:00:00??阅读 62 次??作者:NB - C - 　　 CAGR: Compound Annual Growth Rate. The year over year growth rate applied to an investment or other aspect of a firm using a base amount.　　 Call Option: The right to buy a security at a given price （or range） within a specific time period.　　 Capital （or Assets） Under Management: The amount of capital available to a fund management team for venture investments.　　 Capital Call: Also known as a draw down - When a venture capital firm has decided where it would like to invest, it will approach its investors in order to draw down the money. The money will already have been pledged to the fund but this is the actual act of transferring the money so that it reaches the investment target.　　 Capital Gains: The difference between an assets purchase price and selling price, when the selling price is greater. Long-term capital gains （on assets held for a year or longer） are taxed at a lower rate than ordinary income.　　 Capitalization Table: Also called a Cap Table, this is a table showing the total amount of the various securities issued by a firm. This typically includes the amount of investment obtained from each source and the securities distributed —— e.g. common and preferred shares, options, warrants, etc. —— and respective capitalization ratios.　　 Capitalize: To record an outlay as an asset （as opposed to an Expense）, which is subject to depreciation or amortization.　　 Captive funds : A venture capital firm owned by a larger financial institution, such as a bank.　　 Carried Interest: The portion of any gains realized by the fund to which the fund managers are entitled, generally without having to contribute capital to the fund. Carried interest payments are customary in the venture capital industry, in order to create a significant economic incentive for venture capital fund managers to achieve capital gains.　　 Cash Position: The amount of cash available to a company at a given point in time.