财务管理（英文教材）名词解释.docxVIP

英文教材（第13版）名词解释 序 号 页码 名词 解释 1 2 Financial management concerns the acquisition, financing, and management of assets with some overall goal in mind 2 3 (476) Dividend-payout ratio Annual cash dividends divided by annual earnings; or, alternatively dividends per share divided by earnings per share. 3 3 Earnings per share (EPS) earnings after taxes (EAT) divided by the number of common shares outstanding. 4 43 Future value the value at some future time of a present amount of money or a series of payments, evaluated at a given interest rate. 5 43 Present value the current value of a future amount of money, or a series of payments evaluated at a given interest rate 6 43 Compound interest interest paid (earned) on any previous interest earned, as well as on the principal borrowed (lent). 7 47 Discount rate interest rate used to convert future values to present values. 8 50 Annuity a series of equal payments or receipts occurring over a specified number of periods. 9 54 Perpetuity An ordinary annuity whose payments or receipts continue forever. 10 59 Nominal ( stated ) interest rate A rate of interest quoted for a year that has not been adjusted for frequency of compounding. 11 74 Liquidity value The amount of money that could be realized if an asset or a group of assets (e.g., a firm) is sold separately from its operating organization. 12 74 Intrinsic value The price a security ought to have based on all factors bearing on valuation. 13 74 Book value (l)an asset: the accounting value of an asset-the assets cost minus its accumulated depreciation;(2)a firm: total assets minus liabilities and preferred stock as listed on the balance sheet. 14 75 Coupon rate The stated rate of interest on a bond; the annual interest payment divided by the bonds face value. 15 77 Zero-coupon bond A bond that pays no interest but sells at a deep discount from its face value; it provides compensation to investors in the form of price appreciation. 16 78 Preferred stock A type of stock that prom