A certificate issued by a company, government or any organization which offers proof that investors have invested money in the organization's equity or debt.
投机-Speculation
指在金融市场上承担较高的风险以期获得较大收益的行为。投机需要在投资时设法预想未来的情况。
Speculation-(投机)
Taking relatively high risks in financial markets in the hope of making large gains. Speculation involves trying to anticipate the future when making investments.
Used to describe to financial institutions whose primary business is trading. The opposite of buy-side, where financial institutions make investments either for themselves or on behalf of other investors.
The secondary market is where securities are bought and sold once they have been issued in the primary market. The secondary market gives a continuing opportunity for buying and selling and price discovery, and provides the liquidity that allows the primary market to function.
沉没成本-Sunk Costs
指已经付出、无法收回的资源,对于未来无关宏旨,在决策时不应考虑.
Sunk Costs-(沉没成本)
Costs that have already been paid for and can therefore be ignored in calculating the future profitability of a project.