时间:2019-01-18 作者:英语课 分类:英语单词大师-Word Master


英语课

 AA: I'm Avi Arditti with Rosanne Skirble, and this week on Wordmaster -- we invest some time with the author of a book about financial terms.


SCOTT: "Stock markets around the world have done fairly well, but in the U.S. money has come back into stocks for sure."RS: So it's a good time for David Scott to come out with the third edition of his book "Wall Street Words: An A to Z Guide to Investment Terms for Today's Investors 1." Mister Scott teaches finance and accounting 2 at Valdosta State University in Georgia.
AA: Like any field, there's a lot of jargon 3, so we asked him to pick some terms anyone could understand.
SCOTT: "One term that's been used a lot is 'fallen angel,' which applies to securities or companies that at one time were really high flying, high valued, admired companies that have fallen out of favor. 'Shark repellant' is another. For example, if one company is trying to take over a second company, the company being taken over or in danger of being taken over might institute some kind of shark repellant that makes it very expensive to accomplish the task."RS: "Now, are these words used in everyday speech, or do you actually see them in written documents?"SCOTT: "They're used both. I think a term like shark repellant or fallen angel is used more in the industry than it is among individual investors. But it's used a lot in the press, and I think a lot of writers enjoy using kind of 'in' terms to make readers think that they are more sophisticated than they are perhaps. So I think a lot of these terms find their way into the popular press, and I don't think individuals always understand what the writers are talking about."RS: "What are some more of these words?"AA: "Would a shark repellant have anything to do with, let's say, a 'macaroni defense 4.' And what is a macaroni defense?"SCOTT: "Well, it is. Actually, a macaroni defense is a type of shark repellant. For example, a macaroni defense is one where the directors of a company include in the bylaws that certain bonds have to be repurchased at above their face value in the event a company is in danger of being taken over. So it makes the company very expensive, and it relates to macaroni, as when you put macaroni in a boiling pot, it tends to expand in size. And so the cost of the takeover in this case expands in cost, and that's called a macaroni defense. I'm not sure that's used a lot, but it is used sometimes in the press."RS: "This is a whole new world for me."SCOTT: "Yes, I know."AA: "What's interesting is when the stock market was last doing well, and we had the dot-coms, the technology companies were trading lots of shares, a term we kept hearing then was 'pump and dump,' and I wonder if perhaps we'll be seeing this again. If you could explain what pump and dump is."SCOTT: "Sure, and that's a very good question. Individual investors would take a position in a stock. By that I mean they would start buying shares in a stock. And they would try to buy it at a relatively 5 low price, and then they would spread information about the company or the stock, trying to get other investors interested in it, so that they would buy shares and run the price up because of the increased demand. This occurred a lot on Internet chat rooms, for example.
"If this was successful, then new investors would come in and start buying the stock, the price would start trending upward, and then the initial people that had spread the good word -- which much of the time wasn't true -- would dump their shares at a profit. And then the stock price would go down, but they wouldn't care. So that was called a pump and dump. You pump the price up, and then you dump your shares into the lap of someone else and let them worry about the fact that it's probably overpriced."AA: "And was that illegal?"SCOTT: "Yeah, it was. It sometimes used to be difficult to find out who was doing it."AA: David Scott is author of "Wall Street Words, An A to Z Guide to Investment Terms for Today's Investors." And as for the term "Wall Street" itself, here's how he defines it: "The main street in New York City's financial district. The term is often used to denote the entire financial district in New York or the world of U.S. finance and investments. Also called the Street," that's with a capital S.
RS: And that's Wordmaster for this week.

n.投资者,出资者( investor的名词复数 )
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
n.会计,会计学,借贷对照表
  • A job fell vacant in the accounting department.财会部出现了一个空缺。
  • There's an accounting error in this entry.这笔账目里有差错。
n.术语,行话
  • They will not hear critics with their horrible jargon.他们不愿意听到评论家们那些可怕的行话。
  • It is important not to be overawed by the mathematical jargon.要紧的是不要被数学的术语所吓倒.
n.防御,保卫;[pl.]防务工事;辩护,答辩
  • The accused has the right to defense.被告人有权获得辩护。
  • The war has impacted the area with military and defense workers.战争使那个地区挤满了军队和防御工程人员。
adv.比较...地,相对地
  • The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
  • The operation was relatively painless.手术相对来说不痛。
学英语单词
absolute catalog
absolute speed drop
Amqui
Apium graveolens L. var. rapaceum DC.
aqmds
auxiliary traction machine
baksheeshed
bear the bell
berloque
betake
breathing exercise
by stealth
charge-transfer device
chronic recurrent appendicitis
circular bore
combustibility test
common seals
comptrollers general
computer-aided manufacturing system
Cuxwold
cyclindole
dactylium alpiniae
daughtery
decayablest
digital character generator
Dmitrovskiy Rayon
drifting automatic radio-meteorological system
drum type shears
Eblis
elastic work schedule system
equilux
eristalinus lugens
fade-in fade-out device
free-ports
full-storage system
genus coragypss
genus corallorhizas
genus phyllocladuss
give them a hand
Graptemys
grid lines device
hexosemonophosphate shunt
high definition camera
Hyades Group
hydrodynamic moment
imbabura
inconstancy
inverted vee
irregular rondo
lacker
Lahemaarahvuspark
Liparis kwangtungensis
little-endian
marketing association
maximum likelihood decision rule
mcclatchy
meat consumption
millimho
minimum admissible dimension
molk
Māsimpur
novacek
open and closed shelter deck ship
operational failure
overcultures
Ponkuto-san
raise doubts
response prevention
rolling characteristic
rubra polycythemia
salmiana
scanlated
sechelle
semiautos
seventeen-year-old
silver storm
sinuses reuniens
solar power tower
split off from sb
stir a bath
stirring up
storytime
stranguria due to disturbance of qi
tetramethylthiuram disulfide
top echelon
toxamin
Transcaucasia
transfer fund
truxene
ultramarine blue
unclaimable
univariate optimum interpolation
unsoaped
urology in childhood
uterus incadiformis
vacillation
Vagay
valve lightening arrester
vasotropic
vibration screen
virtual ampere-turn
wind-borne load