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金融英语――常用词汇(八十九)

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coupon yield息票收益率

The interest rate stated on a bond, note or other fixed income security, expressed as a percentage of the principal (face value). Also called coupon rate.

标明在债券,中期债券或其他固定收入证券上的利率。以本金(或面值)的百分比表示。也叫息票利率。是指以债券的年利息除以债券面值所得的比率。

covariance协方差

In statistics, the correlation between two variables times the standard deviation of each.

是指两个变量与其均值差的积的平均值。它是一个绝对量,表明了两个变量线性相关的方向和共变性。

covenantn.条款

A promise contained in a contract or agreement.

合同中要求某方必须或不得从事某些事务的条款。是指在合同中所作的正式承诺。

coverv.承保

To insure.

提供保险。

covervt.平仓,空头补进

The purchase of a contract to offset a previously established short position.

指将已经卖空的股票或商品买回来。

coveragen.承保

Same as insurance.

与保险相同。

coverage initiated纳入研究范围

When a research firm begins coverage on a particular stock or sector.

证券行或研究分析员发表对一种股票的首次研究分析。

coverage ratio负债率

A measure of a corporation's ability to meet a particular expense.

是指企业债务性支出与税前收入的比率,反映了企业偿付债务的能力。

covered arbitrage补进套汇

Arbitrage involving investments denominated in different currencies, using forward cover to reduce or eliminate currency risk.

补进套汇可用于多种币种的投资,以购入补进(预先卖出的证券或外汇)来降低或消除货币风险。是指在进行利息套利时,同时进行远期外汇的交易,以此来避免汇率波动风险的行为。例如:假定我国年利率为7%,美国为10%,一年期美元的远期汇率比即期汇率低4%时,可以10%利率借入美元,经外汇市场兑换为人民币,投资于我国,同时卖出远期人民币,则可无风险净赚1%的差额。同covered interest arbitrage。

covered call有担保看涨期权

The selling of a call option while simultaneously holding an equivalent position in the underlier.

是指投资者在持有该标的资产的同时所卖出的看涨期权。

covered interest arbitrage抵补利息套利

Occurs when a portfolio manager invests dollars in an instrument denominated in a foreign currency and hedges the resulting foreign exchange risk by selling the proceeds of the investment forward for dollars.

是指在进行利息套利时,同时进行远期外汇的交易,以此来避免汇率波动风险的行为。例如:假定我国年利率为7%,美国为10%,一年期美元的远期汇率比即期汇率低4%时,可以10%利率借入美元,经外汇市场兑换为人民币,投资于我国,同时卖出远期人民币,则可无风险净赚1%的差额。同covered arbitrage。