1、Chapter 1 An Overview of Financial Managementbusiness 企業(yè)，商業(yè)，業(yè)務(wù)finance 財(cái)務(wù)，理財(cái)management 管理，管理層revenue 收入return 回報(bào)shareholder 股東stakeholder 利益相關(guān)者stock 股票profit maximization 利潤最大化shareholder wealth maximization 股東財(cái)富最大化enterprise value maximization 企業(yè)價(jià)值最大化hedge risks 規(guī)避風(fēng)險(xiǎn)inventory 存貨current assets 流動(dòng)資產(chǎn)cu

2、rrent liabilities 流動(dòng)負(fù)債financing 籌資corporation 股份公司earning per share（EPS） 每股收益exchange rate 匯率inflation 通貨膨脹contractual relations 契約關(guān)系equity 所有者權(quán)益dividend 股利CFO（Chief Financial Officer） 首席財(cái)務(wù)官，財(cái)務(wù)總監(jiān)Chapter 2 The Time Value of Moneyaccrued 增值的，應(yīng)計(jì)的annuity 普通年金annuity factor 年金系數(shù)compound interest 復(fù)利discou

3、nting 貼現(xiàn)future value 終值geometric series 等比數(shù)列mortgage 抵押ordinary annuity 普通年金perpetuity 永續(xù)年金present value 現(xiàn)值principal 本金reinvest 再投資simple interest 單利time value of money 貨幣時(shí)間價(jià)值compounding 復(fù)利計(jì)算Chapter 3 Risk and Rewardcapital asset pricing model（CAPM） 資本資產(chǎn)定價(jià)模型diversification 分散化efficient capital marke

4、t 有效資本市場expected return 期望回報(bào)market, systematic, or undiversifiable risk 市場風(fēng)險(xiǎn)、系統(tǒng)風(fēng)險(xiǎn)或不可分散風(fēng)險(xiǎn)portfolio 組合reward 收益，溢酬，溢價(jià)risk-aversion 風(fēng)險(xiǎn)厭惡risk-neutrality 風(fēng)險(xiǎn)中性risk preference 風(fēng)險(xiǎn)偏好risk premium 風(fēng)險(xiǎn)溢價(jià)security markets line（SML） 證券市場線semi-strong capital market efficiency 半強(qiáng)式資本市場有效spread out 分散square root 平方根sta

5、ndard deviation 標(biāo)準(zhǔn)差strong capital market efficiency 強(qiáng)式資本市場有效transaction cost 交易成本unique, firm-specific, idiosyncratic, unsystematic, or diversifiable risk 特殊風(fēng)險(xiǎn)、特有風(fēng)險(xiǎn)、虛假風(fēng)險(xiǎn)、非系統(tǒng)風(fēng)險(xiǎn)或可分散風(fēng)險(xiǎn)variance 方差volatility 波動(dòng)性weak capital market efficiency 弱式資本市場有效Chapter 4 Financial Assets and Their Valuationasset 資產(chǎn)s

6、ecurity 證券issue （股票，鈔票）分發(fā)，發(fā)行coupon rate 票面利率，息面利率annual 每年的，年度的，一年一次的obligate 使（某人）負(fù)有責(zé)任或義務(wù)outstanding 未解決的，未償付的，杰出的calculate 估計(jì)，預(yù)測compensation 報(bào)酬，工資，補(bǔ)償物perpetual 永久的，永恒的infinite 無限的，無窮的substitute 替代，取代yield 出產(chǎn)，產(chǎn)，出（果實(shí)、利潤、結(jié)果）approximation 相似，近似trial-and-error 試誤法illustrate 說明，闡明entitle 使人有權(quán)擁有l(wèi)iability

7、 負(fù)債intrinsic value 內(nèi)在價(jià)值asymmetry 不對(duì)稱constant 不變的，可靠的phase 階段，時(shí)期preferred stock 優(yōu)先股Chapter 5 Capital Budgeting and Investment Decisioncapital budgeting 資本預(yù)算estimating net present value 預(yù)期凈現(xiàn)值the average accounting return 平均會(huì)計(jì)報(bào)酬率stand-alone principle 獨(dú)立原則the internal rate of return 內(nèi)部收益率the payback rul

8、e 回收期法erosion 侵蝕net working capital 凈營運(yùn)資本opportunity cost 機(jī)會(huì)成本hard rationing 硬約束soft rationing 軟約束sunk cost 沉沒成本incremental cash flow 增量現(xiàn)金流量pro forma financial statement 預(yù)估財(cái)務(wù)報(bào)表forecasting risk 預(yù)測風(fēng)險(xiǎn)scenario analysis 情景分析investment criteria 投資決策標(biāo)準(zhǔn)cash flow 現(xiàn)金流量project cash flow 項(xiàng)目現(xiàn)金流量depreciation 折舊ca

9、pital spending 資本性支出garbage-in garbage-out system 垃圾進(jìn)、垃圾出系統(tǒng)best case and worst case 最優(yōu)情形和最差情形Chapter 6 Working Capital Managementworking capital 營運(yùn)資本speculative 投機(jī)precautionary 預(yù)防的buffer 緩沖器invoice 發(fā)票deposit 存款disbursement 支付expenditure 消費(fèi)trade-off 權(quán)衡attorney 代理人applicant 申請(qǐng)人utilization 應(yīng)用dampen 使沮喪

10、ordering cost 訂貨成本carrying cost 儲(chǔ)存成本raw material 原材料insurance 保險(xiǎn)linear 線性的bad-debt 壞賬Chapter 7 Financing Modesdebt financing 債務(wù)籌資equity financing 權(quán)益投資prospectus 招股說明書the general cash offer 普通現(xiàn)金發(fā)行the rights offer 配股發(fā)行initial public offering(IPO) 首次公開發(fā)行underwriting discount 承銷折價(jià)the subscription price

11、認(rèn)購價(jià)格collateral 抵押品mortgage securities 抵押債券debenture 信用債券sinking fund 償債基金call provision 贖回條款call-protected 贖回保護(hù)operating leases 經(jīng)營性租賃financial leases 融資租賃sale and lease-back 售后租回leveraged leases 杠桿租賃warrants 認(rèn)股權(quán)證convertibles 可轉(zhuǎn)換債券call options 看漲期權(quán)straight bond value 純粹債券價(jià)值conversion value 轉(zhuǎn)換價(jià)值secure

12、d loans 抵押貸款committed lines of credit 承諾式信貸額度compensating balances 補(bǔ)償性余額trust receipt 信托收據(jù)Chapter 8 Capital Structurecapital structure 資本結(jié)構(gòu)optimal capital structure 最佳資本結(jié)構(gòu)financial leverage 財(cái)務(wù)杠桿homemade leverage 自制杠桿payoff 回報(bào)proceeds 收益financial risk 財(cái)務(wù)風(fēng)險(xiǎn)interest tax shield 利息稅盾direct bankruptcy cos

13、ts 直接破產(chǎn)成本indirect bankruptcy costs 間接破產(chǎn)成本liquidation 清償reorganization 重組absolute priority rule 絕對(duì)優(yōu)先原則qualification 限定條件cost of equity 股權(quán)成本business risk 經(jīng)營風(fēng)險(xiǎn)pie model 餅狀模型break-even point 收益均衡點(diǎn)indifference point 無差異點(diǎn)Chapter 9 Dividend Distributiondividend irrelevance theory 股利無關(guān)理論retained earnings 留存收益capital surplus 資本公積earned surplus 盈余公積legal surplus 法定盈余公積free surplus reserves 任意盈余公積stockholder meeting 股東會(huì)declaration date 宣告日holder-of-record date 股權(quán)登記日ex-dividend date 除息日stock split 股票分割sto