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金融英语 chapter4

时间:2006-01-16 16:00来源:互联网 提供网友:沧海一鱼   字体: [ ]
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  [00:00.00]Chapter 4 Futures1
[00:01.41]第四章期货
[00:02.82]Unit 7  Futures
[00:05.26]第七单元期货
[00:07.71]Words and Expressions:
[00:11.60]T-bond, bond,appreciate,consequence
[00:19.98]prediction,futures contract
[00:24.37]Dialogue    Stephen and Michael are good friends,
[00:27.42]迈克和迈克尔是好朋友,
[00:30.46]and they work in the same office building.
[00:32.26]他们在同一个写字楼工作.
[00:34.06]Now they are having lunch together.
[00:35.46]现在他们正在一起吃午饭.
[00:36.86]S:How are you getting along with your boss?
[00:39.31]你和你的新老板相处得怎么样?
[00:41.77]M:Mr.Davis? Fine.He's a kind man.
[00:45.11]戴维斯先生?不错,他人挺好的.
[00:48.46]You look excited.Any good news?
[00:50.61]你看起来很兴奋,有什么好消息吗?
[00:52.77]S:Yes.Still remember I bought two T-bonds at 79-08 half a month ago?
[00:57.31]是的.还记得我半个月前买了两张国库券吗?
[01:01.86]M:You mean those two futures contracts?Of course.
[01:04.05]哦,那两张期货合约,当然记得,
[01:06.25]They had been worrying you for a whole week.
[01:08.19]它们不是让你紧张了整整一个星期吗?
[01:10.14]Notes:You mean those two futures contracts?
[01:16.43]Of course.They had been worrying you for a whole week.
[01:20.04]future contract
[02:02.33]S:That week was really terrible.
[02:04.13]那个星期可真是焦头烂额.
[02:05.94]The bonds price kept going down and down until it reached the level of 77-30.
[02:09.99]债券价格一直在跌,都跌到77-30了.
[02:14.03]But last week,the price went up and up.
[02:16.49]但上周又开始回升,一直在上涨.
[02:18.95]Yesterday it reached 86-18.
[02:21.09]昨天都涨到86-18的水平了.
[02:23.23]M:86-18? That is almost 12% more than the level where you bought.
[02:26.59]也就是说比你买的时候上扬12%?
[02:29.94]How much is one T-bond contract?
[02:32.59]一张国库券合同面值多少
[02:35.25]S:$100,000 at 70-08.
[02:40.09]在70-08上,是10000美元,
[02:44.94]From 70-08 to 70-09 is $31.25 up
[02:48.79]如果降一个点,损失31.25美元;
[02:52.64]and from 70-09 to 70-08 is $31.25 down.
[02:56.80]反之,增加31.25美元.
[03:00.95]M:So from 79-08 to 86-18 means that.
[03:04.84]那么从79-08到86-18就意味着,
[03:08.73]h'm,about $10,000 added,right?
[03:11.28]……嗯,差不多增加10000美元,是吗?
[03:13.83]S:It's actually $14,625.
[03:16.87]实际上是增值的14,625美元.
[03:19.92]M:Oh,great! Have you sold them out?
[03:22.81]啊,太棒了.你对冲了吗?
[03:25.71]S:Yes.I did it yesterday.
[03:27.31]是的,昨天我那它们卖出去了.
[03:28.90]M:At 86-18? S:Exactly.
[03:32.74]在86-18的水平上?是的,在86-18的水平上.
[03:36.58]M:Unbelievable!
[03:37.64]这简直太令人难以置信了.
[03:38.70]In just two weeks, you've made big money.
[03:40.84]才两个星期,你就赚了一大笔钱
[03:42.98]How can you manage to do that?
[03:44.68]你是怎么做到的呢?
[03:46.38]S:It's just I'm lucky.
[03:48.57]也许只是我运气好吧.
[03:50.77]M:It shouldn't be so simple.
[03:52.91]肯定没那么简单.
[03:55.05]Tell me,why were you so sure the bonds price would go up?
[03:58.04]告诉我,你怎么那么肯定债券价格会上涨呢?
[04:01.03]S:You see,there are many ways to technically2 analyze3 the futures market.
[04:04.73]你看,分析期货市场有很多技术性指标.
[04:08.42]One is to analyze the stock market.
[04:10.57]其中一个方法是以股票市场为参照分析.
[04:12.71]From the beginning of this year to October,
[04:14.86]从年初一到十月份,
[04:17.02]the stock market has been in a process of continuous rising of price.
[04:20.11]股票市场一直处于上升状态.
[04:23.21]Because of overbuying,the shares have heavily appreciated.
[04:26.46]由于过度买进,股票严重超值,
[04:29.71]This surely will lead to the collapse4 of the market
[04:32.42]其结果必然是股市的崩溃,
[04:35.12]and the end of the two-year rising in the stock market.
[04:37.37]从而结束为期两年的股票牛市.
[04:39.61]M:What does that mean to the futures market?
[04:42.51]这和期货市场又有什么关系呢?
[04:45.41]S:One of the consequences is that
[04:47.41]股票市场的这种状况导致的结果之一是
[04:49.41]most investors5 may be afraid
[04:51.32]股票投资者们害怕
[04:53.22]they can't get back their investment
[04:55.67]市场一旦崩溃,他们将无法收回投资,
[04:58.11]and they may shift their money to the bonds.
[05:00.56]因此将资金转向债券期货,
[05:03.02]The shift will undoubtedly6 cause the bond price to go up.
[05:06.31]这会导致债券价格上扬.
[05:09.60]Another consequence is that,
[05:11.55]另一个结果是,
[05:13.50]in order to save the stock market from collapsing7
[05:15.94]为了挽救行将崩溃的股市
[05:18.38]and to guarantee the financial repaying ability,
[05:20.63]和保证金融偿还能力,
[05:22.87]the government will have to
[05:24.66]政府必将会
[05:26.45]raise the interest rate and as a result,the bonds price will rise.
[05:29.94]抬高利率,这也会导致债券价格上扬.
[05:33.43]M:It's interesting.
[05:34.86]真有意思.
[05:36.30]S:In fact,when I bought the contracts,
[05:38.55]实际上,我买了期货合同后,
[05:40.79]the price was still falling until a week later.
[05:43.14]债券价格还在下跌,持续一星期左右.
[05:45.50]M:Did you doubt your prediction then?
[05:46.95]那时你怀疑你的判断了吗?
[05:48.40]S:Yes,a little bit.I thought it over again and I strengthened my judgment8.
[05:52.24]是的,有点儿,但我想了又想,坚定了自己的推测.
[05:56.08]M:You finished the contract at 86-18.
[05:58.87]你是在86-18的水平上结束了交易.
[06:01.67]But if the price will go up further?
[06:03.77]如果它还会上涨呢?
[06:05.87]S:It is quite possible.You know,it's also possible that it will go down.
[06:09.82]那很有可能,但也有可能会下跌.
[06:13.76]I think it's time for me get in on the action.
[06:16.01]我只是想该是抛的时候了.
[06:18.25]Notes:action    I think it's time for me get in on the action.
[06:37.35]London is great because that's where the action is!
[06:42.34]M:It's really exciting.Maybe I will try it one day.
[06:45.73]做期货真的很激动人心.也许有一天我也会试一试.
[06:49.13]Supplementary Reading
[06:51.74]Futures and Futures Market
[06:53.58]期货与期货市场
[06:55.43]Futures market are centralized regulated markets
[06:58.52]期货市场是集中化、规范化的市场.
[07:01.62]where an actual commodity is not physically9 traded;
[07:04.02]在此市场中,
[07:06.42]instead futures contracts are bought and sold.
[07:08.62]交易的对象不是实际货物
[07:10.81]Futures contracts are legally binding10 agreements
[07:13.36]期货合约是受法律约束的,
[07:15.91]Notes:Futures contracts are legally binding agreements
[07:28.81]financial futures contract
[07:33.12]currency futures contract
[07:37.01]interest rate futures contract
[07:40.23]stock index futures contract
[07:44.61]financial forward contract
[07:47.80]and are standardized11 according to the quality,
[07:50.24]都有标准化的协议在质量,
[07:52.69]quantity,delivery time and location for each commodity.
[07:55.64]数量、交割时间及每一具体商品的交割地点上.
[07:58.59]The only variable is price,which is discovered on an exchange-trading floor
[08:01.74]合约中唯一可变因素是在交易厅内体现出来的价格.
[08:04.88]The buyer and seller of a futures contract make their contract not with each other
[08:07.73]期货合同使得不仅买方和卖方之间确定了合同关系,
[08:10.58]but with the clearing house associated with the futures exchange.
[08:13.47]而且与期货交易所的清算有关.
[08:16.35]Most market participants prefer to offset12 futures positions,
[08:18.90]期货市场的交易者对市场部位对冲了结
[08:21.45]rather than to make actual delivery.
[08:23.44]大都未进行实际交割.
[08:25.44]The function of futures markets are price discovery,
[08:27.94]期货市场的功能在于价格发现、
[08:30.43]price risk hedging,and improving market efficiency.
[08:33.24]价格风险规避及市场效率提高.
[08:36.05]Futures markets provide a current consensus13 of knowl edgeable opinions
[08:39.20]期货市场提供了市场判断
[08:42.34]about the future price of commodities or financial instrument
[08:44.79]对商品或金融工具未来价格综合信息.
[08:47.23]The futures market is used primarily for either risk management or speculation14,
[08:50.77]期货市场或是用来进行风险管理,或是进行投机交易,
[08:54.31]and neither purpose requires delivery.
[08:56.52]而这两种目的都不需要进行实际交割.
[08:58.72]Futures prices are quotes for delivering a designated quality and quantity of grain
[09:01.96]期货价格是指提交某一表明质量,数量农产品报价
[09:05.20]to a specified15 place and time.
[09:07.29]在某一具体地点,时间.
[09:09.38]The delivery place is established according to the rules of the futures contract.
[09:12.23]交货地点根据期货合约条款预先制定.
[09:15.08]The delivery time consists of certain designated days during the delivery month.
[09:18.42]而交割时间包括在交割月的某几个具体指定交易日.
[09:21.76]Options on futures,also traded on the floor of a regulated futures exchange,
[09:25.26]期货选择权(期权)合约也在规范化的交易所内进行交易,
[09:28.76]are contracts that convey the buyer the right,but not the obligation,
[09:31.72]期权合约赋予买方权利,而非义务,
[09:34.67]to buy or sell a particular futures contract at a certain price for a limited time.
[09:37.92]在某一限定时间内按某一特定价格水平买进或卖出某一相关期货合约
[09:41.17]Only the seller of the option is obligated to perform.
[09:43.72]而卖方则必须根据买方要求履行期权合约.
[09:46.27]There are two different types of options:calls and cuts.
[09:49.06]期权有两种形式:即看涨期权和看跌期权(亦称买权和卖权).
[09:51.86]A call is an option that gives the buyer the right,but not the obligation,
[09:54.46]看涨期权赋予买方以权利,但不必负有义务,
[09:57.05]to purchase the underlying16 futures contract at the strike price
[09:59.44]按敲定价格买进相关期货合约
[10:01.84]on or before the expiration17 date.
[10:03.74]在期权到期日当天或到期之前.
[10:05.65]A put is an option that gives the buyer the right,but not the obligation,
[10:08.64]看跌期权赋予买方以权利,但不必负有义务,
[10:11.63]to sell the underlying futures contract at the strike price
[10:14.14]按敲定价格卖出相关期货合约
[10:16.65]on or before the expiration date.
[10:18.70]有期权到期日当天或到期之前,.
[10:20.75]Unit 8 Hedging
[10:23.35]第八单元 套期保值
[10:25.95]Words and Expressions:
[10:29.13]hedging,broker18,starch19 consignment20,
[10:39.24]anticipatory21 hedging cash market,
[10:45.15]sell short buy long
[10:49.53]Dialogue
[10:51.73]Mr.Landor,a senior executive in a London foreign trade,
[10:54.52]兰道先生,一家伦敦对外贸易公司高级职员,
[10:57.32]is consulting Mr.Kent,a broker in the London Grain Exchange.
[11:00.27]正向肯特,伦敦谷物交易所的经纪人咨询.
[11:03.22]L:Excuse me,sir.I have come here to meet Mr.Kent.
[11:06.51]请原谅,先生.我找肯特先生.
[11:09.81]K:That's me.Are you Mr.Landor? L:Yes,I am Landor.
[11:13.35]我就是,您是兰道先生吧?是的,我是兰道.
[11:16.88]K:Good morning.My secretary told me you would come this morning.
[11:19.64]早上好,我的秘书对我说你今天早上会来.
[11:22.40]L:Good morning.I have got something to consult with you.
[11:25.84]早上好,我有点儿事向您咨询.
[11:29.29]K:Yes?
[11:30.44]什么事?
[11:31.59]L:Our company is going to purchase 50,000 tons of corn from America on August 20th
[11:36.14]我们公司在8月20日将要从美国购买5万吨玉米.
[11:40.68]and the CIF is 15,000 American dollars per ton.
[11:43.69]它的到崖价是每吨15,000美元.
[11:46.69]40,000 of the consignment have been ordered
[11:48.88]其中4万吨已经被预定了
[11:51.08]by a feed processing plant and a corn starch plant,
[11:53.42]被饲料加工公司和玉米淀粉公司.
[11:55.76]but we have not yet found a buyer for the rest.
[11:57.84]但剩下的1万吨还未找到买主.
[11:59.93]The problem is that the cargo22
[12:01.49]问题是这批货物
[12:03.04]will not arrive here from America until 45 days after the purchasing time.
[12:06.44]离开美国后要45天才能到达这里.
[12:09.83]And you are afraid that if the corn price drops in 45 days,
[12:13.58]你担心如果45天后玉米价格下跌的话,
[12:17.33]you will suffer a loss in selling the remaining 10,000 tons of corn.
[12:21.29]你们在销售剩下的1万吨玉米的时候,会蒙受损失.
[12:25.25]L:Yes.I heard there is a method of protecting against the risk on the futures market.
[12:29.19]是的,我听说期货市场上有一种方法可以避免这种风险.
[12:33.14]K:Yes.We call it hedging.There are several kinds of hedging
[12:37.43]是的,这种方法就叫套期保值.套期保值有好几种,
[12:41.73]and anticipatory hedging just suits your situation.
[12:44.42]其中预期性套期保值刚好适合你这种情况.
[12:47.11]L:How should I do the hedging?
[12:48.97]我该怎样做这种套期保值呢?
[12:50.82]K:When you buy the corn on the cash market,
[12:53.51]当你在现货市场买入玉米时,
[12:56.20]you can sell short a futures contract of the same amount of corn on the futures market
[13:00.20]你同时在期货市场上卖出一张同等数量玉米的期货合同,
[13:04.20]in anticipation23 of the corn price's falling
[13:06.94]因为你预测玉米价格将来会下跌.
[13:09.68]L:Is that what is called "taking a position",
[13:11.97]这是不是就是所谓的"买空卖空"的卖空,
[13:14.25]selling a parcel for forward delivery
[13:16.29]卖出一张货物合同,
[13:18.33]but waiting for the price to go down before actual buying.
[13:20.97]然后等待玉米价格下跌时再买入,这时可赚差价.
[13:23.60]K:Yes.The opposite action is called "buying long".
[13:26.31]是的,卖空的相反做法就是买空.
[13:29.01]When 45 days later,on October 1st,if corn price actually goes down,
[13:33.06]也就是10月1日,如果玉米价格真的下跌,
[13:37.11]say,to 13,000 American dollars per ton,
[13:40.11]比如说跌到每吨13000美元,
[13:43.12]you will get a profit of 2,000 American dollars per ton on the futures market.
[13:46.76]那么你在期货市场平仓后可得到每吨2,000美元的获利.
[13:50.41]This will make up your loss on the cash market.
[13:53.31]这刚好可以弥补你在现货市场上交易的亏空.
[13:56.21]In this way you can successfully control your risk in foreign trade.
[13:59.91]这样,你就成功地控制了你在这宗外贸生意上的风险.
[14:03.62]L:I see.
[14:05.37]我明白了.
[14:07.12]K:Since you have to use American dollars to pay for the corn,
[14:10.22]因为你必须用美元支付这批玉米,
[14:13.32]it is also necessary to do a hedging on foreign currencies.
[14:16.62]所以就涉及到外汇问题,有必要做外汇套期保值.
[14:19.92]L:Thank you very much.
[14:21.22]非常感谢您.
[14:22.51]K:You are welcome.See you later.L:See you.
[14:25.57]不客气,再见. 再见.
[14:28.62]Supplementary Reading   Hedging:How It Works
[14:31.82]套期保值如何运作
[14:35.02]The second economic function provided by futures exchanges
[14:37.77]期货交易所提供的第二个经济功能
[14:40.51]is price risk management,also known as hedging.
[14:43.41]是价格风险管理机制,即套期保值功能.
[14:46.31]Hedging,in its simplest form,is
[14:48.06]简而言之,套期保值交易是
[14:49.81]the practice of offsetting24 the price risk inherent in any cash market position
[14:52.92]抵消存在于期货市场头寸中价格风险的贸易
[14:56.03]by buying or selling futures contracts.
[14:58.68]通过买卖期货合约.
[15:01.33]Notes:
[15:03.92]Hedging,in its simplest form,is the practice of offsetting the price risk
[15:08.90]inherent in any cash market position by buying or selling futures contracts.
[15:15.20]Notes:position,
[15:23.09]a long position,a short position,
[15:28.10]long position,short position,
[15:33.20]exchange position,interest rate position,
[15:39.10]swap position,square position,outright position
[15:47.91]Hedgers use the futures market to protect their businesses
[15:50.65]套期保值者利用期货市场保护其现货业务,
[15:53.39]from adverse25 price changes
[15:54.89]不利价格波动,
[15:56.40]that could negatively impact the bottom-line profitability of their business.
[15:59.29]以回避对其业务获利底线形成负面影响的
[16:02.19]Hedging can benefit anyone including grain elevator operators,
[16:04.85]无论任何人,如那些粮食仓储商、
[16:07.50]merchandisers,producers,exporters,or processors
[16:09.74]商人、生产商、出口商或加工商
[16:11.99]who produce,handle,or process
[16:14.50]他们生产储蓄或加工
[16:17.01]any of the agricultural commodities traded on futures exchanges.
[16:19.64]在交易所上市之农产品等均可获利于套取保值.
[16:22.28]Hedging is a two-step process.
[16:24.37]套期保值交易动作可分为两个阶段.
[16:26.46]Depending upon a hedger's cash market situation,
[16:29.11]套期保值者根据自己在现货市场的处境,
[16:31.76]the hedger would either buy or sell futures as the first position.
[16:34.31]可通过买进或卖出期货合约来建立第一个期货市场头寸.
[16:36.86]Parties who have bought a futures contract are said to have taken a long position.
[16:40.20]购买期货合约的购买者被认为是处在市场多头.
[16:43.55]Parties who have sold a futures contract are said to have taken a short position
[16:47.29]出售期货合约的出售者被认为是处在市场空头.
[16:51.04]A long position involves inflows greater than outflows in a currency
[16:54.30]多头是一种货币的流入大于流出,
[16:57.55]and a short position involved outflows greater than inflows.
[17:00.80]而空头指一种货币的流出大于流入.
[17:04.05]Then,at a later date,before the futures hedger would take a second position
[17:06.95]然后,在近期某一日,保值者通过做一相反的交易
[17:09.85]opposite the opening transaction.
[17:11.90]而对原头寸进行对冲,
[17:13.95]The opening and closing positions of the hedge must be for the same commodity,
[17:16.85]针对原持有的多头或空头期货头寸进行的两手交易的商品、必须完全一致,
[17:19.75]number of contracts,and delivery month.
[17:22.05]无论是合约数量还是交割月份都必须一致.
[17:24.35]In a nutshell,a hedge is placed by taking a futures position
[17:26.54]简言之,期货保值就是指在期货市场上采取
[17:28.74]opposite to the position held in the cash market,
[17:30.83]和现货市场头寸方向相反,
[17:32.92]and exactly equivalent in value.
[17:34.97]而价值完全相等的合约部位的交易.
[17:37.02]Whether establishing a short or a long hedge,
[17:39.02]无论是建立空头套期保值头寸还是建立多头套期保值尺寸,
[17:41.02]the main objective is to offset the price risk
[17:43.26]进行套期保值交易的主要目的均为对冲价格风险,
[17:45.51]associated with buying,selling,or holding grain.
[17:48.75]伴随买入、卖出或持有商品而引发的价格风险.


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1 futures Isdz1Q     
n.期货,期货交易
参考例句:
  • He continued his operations in cotton futures.他继续进行棉花期货交易。
  • Cotton futures are selling at high prices.棉花期货交易的卖价是很高的。
2 technically wqYwV     
adv.专门地,技术上地
参考例句:
  • Technically it is the most advanced equipment ever.从技术上说,这是最先进的设备。
  • The tomato is technically a fruit,although it is eaten as a vegetable.严格地说,西红柿是一种水果,尽管它是当作蔬菜吃的。
3 analyze RwUzm     
vt.分析,解析 (=analyse)
参考例句:
  • We should analyze the cause and effect of this event.我们应该分析这场事变的因果。
  • The teacher tried to analyze the cause of our failure.老师设法分析我们失败的原因。
4 collapse aWvyE     
vi.累倒;昏倒;倒塌;塌陷
参考例句:
  • The country's economy is on the verge of collapse.国家的经济已到了崩溃的边缘。
  • The engineer made a complete diagnosis of the bridge's collapse.工程师对桥的倒塌做了一次彻底的调查分析。
5 investors dffc64354445b947454450e472276b99     
n.投资者,出资者( investor的名词复数 )
参考例句:
  • 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
6 undoubtedly Mfjz6l     
adv.确实地,无疑地
参考例句:
  • It is undoubtedly she who has said that.这话明明是她说的。
  • He is undoubtedly the pride of China.毫无疑问他是中国的骄傲。
7 collapsing 6becc10b3eacfd79485e188c6ac90cb2     
压扁[平],毁坏,断裂
参考例句:
  • Rescuers used props to stop the roof of the tunnel collapsing. 救援人员用支柱防止隧道顶塌陷。
  • The rocks were folded by collapsing into the center of the trough. 岩石由于坍陷进入凹槽的中心而发生褶皱。
8 judgment e3xxC     
n.审判;判断力,识别力,看法,意见
参考例句:
  • The chairman flatters himself on his judgment of people.主席自认为他审视人比别人高明。
  • He's a man of excellent judgment.他眼力过人。
9 physically iNix5     
adj.物质上,体格上,身体上,按自然规律
参考例句:
  • He was out of sorts physically,as well as disordered mentally.他浑身不舒服,心绪也很乱。
  • Every time I think about it I feel physically sick.一想起那件事我就感到极恶心。
10 binding 2yEzWb     
有约束力的,有效的,应遵守的
参考例句:
  • The contract was not signed and has no binding force. 合同没有签署因而没有约束力。
  • Both sides have agreed that the arbitration will be binding. 双方都赞同仲裁具有约束力。
11 standardized 8hHzgs     
adj.标准化的
参考例句:
  • We use standardized tests to measure scholastic achievement. 我们用标准化考试来衡量学生的学业成绩。
  • The parts of an automobile are standardized. 汽车零件是标准化了的。
12 offset mIZx8     
n.分支,补偿;v.抵消,补偿
参考例句:
  • Their wage increases would be offset by higher prices.他们增加的工资会被物价上涨所抵消。
  • He put up his prices to offset the increased cost of materials.他提高了售价以补偿材料成本的增加。
13 consensus epMzA     
n.(意见等的)一致,一致同意,共识
参考例句:
  • Can we reach a consensus on this issue?我们能在这个问题上取得一致意见吗?
  • What is the consensus of opinion at the afternoon meeting?下午会议上一致的意见是什么?
14 speculation 9vGwe     
n.思索,沉思;猜测;投机
参考例句:
  • Her mind is occupied with speculation.她的头脑忙于思考。
  • There is widespread speculation that he is going to resign.人们普遍推测他要辞职。
15 specified ZhezwZ     
adj.特定的
参考例句:
  • The architect specified oak for the wood trim. 那位建筑师指定用橡木做木饰条。
  • It is generated by some specified means. 这是由某些未加说明的方法产生的。
16 underlying 5fyz8c     
adj.在下面的,含蓄的,潜在的
参考例句:
  • The underlying theme of the novel is very serious.小说隐含的主题是十分严肃的。
  • This word has its underlying meaning.这个单词有它潜在的含义。
17 expiration bmSxA     
n.终结,期满,呼气,呼出物
参考例句:
  • Can I have your credit card number followed by the expiration date?能告诉我你的信用卡号码和它的到期日吗?
  • This contract shall be terminated on the expiration date.劳动合同期满,即行终止。
18 broker ESjyi     
n.中间人,经纪人;v.作为中间人来安排
参考例句:
  • He baited the broker by promises of higher commissions.他答应给更高的佣金来引诱那位经纪人。
  • I'm a real estate broker.我是不动产经纪人。
19 starch YrAyK     
n.淀粉;vt.给...上浆
参考例句:
  • Corn starch is used as a thickener in stews.玉米淀粉在炖煮菜肴中被用作增稠剂。
  • I think there's too much starch in their diet.我看是他们的饮食里淀粉太多了。
20 consignment 9aDyo     
n.寄售;发货;委托;交运货物
参考例句:
  • This last consignment of hosiery is quite up to standard.这批新到的针织品完全符合规格。
  • We have to ask you to dispatch the consignment immediately.我们得要求你立即发送该批货物。
21 anticipatory UMMyh     
adj.预想的,预期的
参考例句:
  • An anticipatory story is a trap to the teller.对于讲故事的人而言,事先想好的故事是个框框。
  • Data quality is a function of systematic usage,not anticipatory design.数据质量是系统使用的功能,不是可预料的设计。
22 cargo 6TcyG     
n.(一只船或一架飞机运载的)货物
参考例句:
  • The ship has a cargo of about 200 ton.这条船大约有200吨的货物。
  • A lot of people discharged the cargo from a ship.许多人从船上卸下货物。
23 anticipation iMTyh     
n.预期,预料,期望
参考例句:
  • We waited at the station in anticipation of her arrival.我们在车站等着,期待她的到来。
  • The animals grew restless as if in anticipation of an earthquake.各种动物都变得焦躁不安,像是感到了地震即将发生。
24 offsetting c005dfe34c894146c623d2dd18e54b55     
n.偏置法v.抵消( offset的现在分词 );补偿;(为了比较的目的而)把…并列(或并置);为(管道等)装支管
参考例句:
  • Dealers, having concluded a forward contract, should always hedge with an offsetting contract. 外汇经营商在签订了一项远期合同之后总是应进行套头交易签订一项相抵合同。 来自辞典例句
  • Where does Germany think offsetting shifts into greater external deficits might occur? 在德国看来,这么大的外部赤字应该转移到哪里? 来自互联网
25 adverse 5xBzs     
adj.不利的;有害的;敌对的,不友好的
参考例句:
  • He is adverse to going abroad.他反对出国。
  • The improper use of medicine could lead to severe adverse reactions.用药不当会产生严重的不良反应。
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TAG标签:   金融英语  金融英语  chapter
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