金融英語——常用詞匯(九十五)

crystallization 結晶交易

The act of selling and buying stocks almost instantaneously in order to increase or decrease book value.

幾乎同時出售及買入股票以提高或減低賬面價值的行為

CSI 計算機安全研究所

Computer Security Institute ＝ CTD

最便宜可交割

Cheapest-to-deliver. The acceptable Treasury security with the highest implied repo rate; the rate that a seller of a futures contract can earn by buying an issue and then delivering it at the settlement date.

由于債券期貨常以事實上并不存在的概念性債券為標的資產，而交割時需要的卻是實物形態的債券，所以，在期貨合同中可以根據列明的實物債券和每一種債券的價格系數來選用那種最便宜可交割的債券，這對于債券期貨的賣方是有利的。

cum dividend 附股息

When a buyer of a security is entitled to receive a dividend that has been declared， but not paid.

買家買入的證券有權收取已經公布但未派發的股息

cum rights 附帶股權

Buyer has the same rights to purchase new share as the current shareholders.

指股東直接按照現行持有股票的比例獲得公司新發行股票的權利。

cumulative adj.累計的

An arrangement in which a payment not made when due is carried over to the following period.

安排到期未付款項轉移到下一期。

cumulative dividend 累積股利

A dividend paid on cumulative preference shares， that the company is liable for in the next payment period if not satisfied in the current payment period (i.e. the dividends accumulate).

對企業的限制，旨在確保公司在向普通股股東派息前支付優先股息。是指企業對累積優先股尚未實際支付的紅利，且必須在普通股股利發放之前支付。

cumulative interest 累計支付利息

The total amount charged as interest on a loan or mortgage to a certain date.

到某個日期為止，對某個貸款或抵押貸款收取的利息總額。

cumulative preferred stock 累積優先股

Preferred stock on which dividends accrue in the event that the issuer does not make timely dividend payments.Dividends not paid in any year must be made up in a later year before any profits can be distributed to common stocks.

是指股利因企業該年度盈余不足未能按年發放，則日后若有超額盈余時，將過去未發的累積股利一并發放的優先股。

cumulative total return 累計總回報

Actual， non-annualized performance over a given period of time.

給定時期的實際非年度化的收入。

cumulative voting 累計投票

This method of voting is intended to create adequate representation of minority shareholders. Cumulative voting allows shareholders to aggregate their votes in favor of fewer candidates than there are slots available.

公司董事投票的程序，每名股東的投票權相等于每股一票乘以需要選出董事的數目。這個方法有時也稱為按比例投票。

curb v. 交易控制

A temporary restriction in trading， in a particular security， usually to reduce dramatic price movements. Also called trading curb.

對特定證券貿易的暫時限制，通常是為了降低價格的劇烈波動。也叫貿易控制。

curb trading 場外交易

Trading that occurs outside of general market regulations， commonly through computers or telephones after the official exchanges have closed.

是指在交易所閉市后，有些期貨商品交易發生在交易所的街道上，因而起名為路邊貿易。

curbs in 控制開始生效

The term used to describe when trading curbs are in effect.

術語，用以描述控制開始生效。

curbs out 控制停止

The term used to describe when trading curbs are no longer in effect.

術語，用以描述控制不再有效。

cure period 修復期

A provision in a contract allowing a defaulting party to fix the cause of a default， for example a repayment grace period.

合同中允許違約方確定違約原因的條款，如還款緩期。