金融英语chapter five Bonds.ppt

Financial English Chapter Five Bonds Learning objective: Lead-in questions Lead-in questions Background knowledge Introduction to Bond Market Glossary Glossary Glossary Phrases Phrases Phrases Phrases Phrases Phrases Phrases Phrases Phrases Phrases Phrases Phrases Phrases Phrases Phrases Phrases Special Terms Notes to the text Notes to the text Notes to the text Notes to the text Notes to the text Notes to the text Notes to the text Notes to the text Notes to the text Notes to the text Notes to the text Notes to the text Notes to the text Notes to the text Notes to the text Notes to the text Notes to the text Notes to the text Notes to the text Notes to the text Key to exercises Key to exercises Key to exercises Key to exercises Key to exercises Key to exercises Key to exercises Key to exercises Key to exercises 2. alternative-investment 另类投资 Alternative investment refers to investment made in assets or financial instruments other than common investment tools such as stocks, bonds or futures. Major alternative investment tools include private equity, venture capital, leveraged buyout, and fund of funds. Alternative investment products generally are not traded on public exchanges, thus they do not offer high liquidity. But since they could offer comparatively higher returns and provide a tool for investment diversification, alternative investment has been gaining popularity among institutional investors and wealthy individuals. Drexel Burnham Lambert 德崇证券 本篇课文多次提到的Drexel Burnham Lambert是曾经在80年代叱咤风云的一家投资银行，顶峰时曾是华尔街排名第五的投行，尤其在垃圾债券市场(Junk Bond Market)上有举足轻重的地位。后期因为其雇员Michael Milken在垃圾债券市场上的违规操作，被美国证监会处以巨额罚款，从此一蹶不振，再加80年代末垃圾债券市场的崩盘，一系列因素最终导致Drexel Burnham Lambert在1990年宣布破产。 4. insider-trading 内幕交易 Insider trading refers to the trading of securities by corporate insiders such as managers or executives. The term is sometimes controversial, which actually includes both legal and illegal conduct. According to U.S. Securities and Excha