Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to the high costs associated with certain operations, such as research and development. Most analysts expect zombie companies to be unable to meet their financial obligations.Also known as the "living dead" or "zombie stocks". Watch: The Curse Of Zombie Banks Because a zombie's life expectancy tends to be highly unpredictable, zombie stocks are extremely risky and are not suitable for all investors. For example, a small biotech firm may stretch its funds extremely thin by concentrating its efforts in research and development in the hope of creating a blockbuster drug. If the drug fails, the company can go bankrupt within days of the announcement. On the other hand, if the drug is successful, the company could profit and reduce its liabilities. In most cases, however, zombie stocks are unable to overcome the financial burdens of their high burn rates and most eventually go bankrupt. Given the lack of attention paid to this group, there can often be interesting opportunities for investors who have a high risk tolerance and are seeking speculative opportunities.
A type of bad debt that is so old a person may have forgotten he or she owed it in the first place. The debt has likely been given up on by the company to which it was owed. Zombie debt can haunt a debtor if a debt collector buys the debt for a low price from the company in attempt to recover the owed funds. Watch: The Curse Of Zombie Banks If someone is being hounded by debt collectors for zombie debts that were either already paid off or were never incurred, action can be taken. Under the Fair Debt Collection Practices Act, a person can write a letter to debt collectors asking them to stop. At that point, debt collectors can contact the debtor only to notify him or her that they will cease or take a specific action. Note that if you do owe money, the debt collectors can still take you to court to recover the funds, assuming that the time period from the last payment has not exceeded the juristiction's statute of limitations.
词义 boomerang ['bu:məræŋ] n. 飞去来器;自食其果的行为;回飞棒 1.boomerang it is! 真是自食其果啊! 2.The strategies in Xizang result in what I call boomerang aid . 中国在西藏的策略导致了我所称的“回飞式援助”(boomerangaid)。 3.The danger is that when demand does bounce back , prices will boomerang far higher because the supply cushion has shrunk . 这样做的潜在危险是当需求出现回升时,由于供应面的缓冲作用下降,油价会大幅冲高。 投资 An American slang term that refers to an adult who has moved back in with his or her parents (who are part of the baby boomer generation) instead of living independently. The phrase, when applied to an individual, makes reference to the fact that the person lived independently for a period, but subsequently returned home due to the financial costs associated with maintaining a separate household. While boomer parents may be pleased emotionally to have their boomerangs back in the household, boomerangs can often pose a significant financial burden on their parents. This can result in a reduction in retirement savings for the boomerang's parents, leaving them with the decision to either postpone their own retirement or have their children help out with the household expenses.Other countries have adopted similar slang to represent this domestic phenomenon. In Italy, the term "mammon", or "mama's boys" is used, while the Japanese refer to them as "parasaito shinguru", or "parasite singles". In the U.K., children boomeranging back home has given rise to the acronym KIPPERS (or kids in parents' pockets eroding retirement savings).
英文名称:Arbitrageur 中文名称:套利者指从事套利的个人或机构。现在也成为一个华尔街术语,指专门交易要被人收购股票的职业投资人或机构。A type of investor who attempts to profit from price inefficiencies in the market by making simultaneous trades that offset each other and capturing risk-free profits. An arbitrageur would, for example, seek out price discrepancies between stocks listed on more than one exchange, and buy the undervalued shares on one exchange while short selling the same number of overvalued shares on another exchange, thus capturing risk-free profits as the prices on the two exchanges converge. Arbitrageurs are typically very experienced investors since arbitrage opportunities are difficult to find and require relatively fast trading. Arbitrageurs also play an important role in the operation of capital markets, as their efforts in exploiting price inefficiencies keep prices more accurate than they otherwise would be.
英文名称:Chinese Wall 中文名称:职能分隔制指证券商为防止敏感信息资料在同一机构不同部门之间传递所采取的措施,通常要将交易、基金管理和融资部门的各项职能相互隔开。The ethical barrier between different divisions of a financial (or other) institution to avoid conflict of interest. A Chinese Wall is said to exist, for example, between the corporate-advisory area and the brokering department of a financial services firm to separate those giving corporate advice on takeovers from those advising clients about buying shares. The "wall" is thrown up to prevent leaks of corporate inside information, which could influence the advice given to clients making investments, and allow staff to take advantage of facts that are not yet known to the general public. Maintaining client confidentiality is crucial to any firm, but particularly large multiservice businesses. Where firms are providing a wide range of services, clients must be able to trust that information about themselves will not be exploited for the benefit of other clients with different interests. And that means clients must be able to trust in Chinese Walls. Some Wall Street scandals in recent years, however, have made some people doubt the effectiveness of Chinese Walls, as well placed executives of respectable firms have traded illegally on inside information for their own benefit.
英文名称:Counterparty Risk 中文名称:交易对手风险因交易对手不履行合约责任而带来的风险。The risk to each party of a contract that the counterparty will not live up to its contractual obligations. Counterparty risk as a risk to both parties and should be considered when evaluating a contract. In most financial contracts, counterparty risk is also known as "default risk". Because A is a counterparty to B and B is a counterparty to A both are exposed to this risk. For example if Joe agrees to lends funds to Mike up to a certain amount, there is an expectation that Joe will provide the cash, and Mike will pay those funds back. There is still the counterparty risk assumed by them both. Mike might default on the loan and not pay Joe back or Joe might stop providing the agreed upon funds.
英文名称:Chasing the Market 中文名称:跟市指当股市暴涨时,为避免股价升至更高以比预期高的价格买进股票,抑或指当股市暴跌,为避免股价跌至更低以比预期低的价格卖出股票。Entering or exiting of a trend after the trend has already been well established. Investors are often unaware of the fact that they are chasing the market, which can dent the value of a portfolio. This type of investing is often seen as irrational as decisions are often based on emotion instead of careful analysis of the value of the investment. Chasing the market refers to both the entering into highly priced positions after they have rapidly increased and become overvalued as well as the exiting of positions after they have rapidly decreased and become undervalued. During the internet bubble some investors entered the rapidly appreciating sector well after the trend had been established and lost considerable sums when the bubble bust.
英文名称:Critical Mass 中文名称:关键规模指公司发展过程中所经历的重要阶段或关键时期。e.g. Japanese components maker TDK Corp. (TDK) on Thursday said it will buy German electronic parts maker Epcos AG (EPCYY) in a deal valued at EUR1.4 billion as it seeks critical mass in a sector that's crowded but caught in a squeeze between falling prices and the slowing global economy. TDK shares fell 4.2% to $58.A very important or crucial stage in a company's development, where the business activity acquires self-sustaining viability. When a company reaches critical mass, it is thought that they can remain viable without having to add any more investment. This term is derived from nuclear physics, where critical mass is defined as the smallest mass of material that can sustain a nuclear reaction at a constant level. When compared to the financial definition, we see the similarities – being self-sustaining is the goal.