套利

A 10-minute call from Rome to New York City costs $ 32.30;

從羅馬打一次電話到紐約約10分鐘要32.3美元，

New York to Rome is only $8.91

但從紐約打到羅馬只要8.91美元

Using a patented call-back-conferencing mechanism he describes as"telephone arbitrage,"Howard Jonas can make the price spread between foreign opolies and deregulated American phone companies work to your advantage.

Howard Jonas使用稱為“電話套利”的“回Call服務”，有效利用外國獨占公用事業與自由化的美國電話事業之間的價差，造福用戶。

CD

存款單

"We’re having to put money back in that business that we had invested in certificates of deposit for our children’s education,

“我們必須把投資在存款單，準備給孩子作教育費的資金抽出來放在公司。

and we have cashed in all our life insurance policies."

而我們也已經把壽險都換成現金了。”

Deutsche Bundesbank

德意志聯邦銀行

t is assuming a forceful leadership role in European foreign policy even as the Bundesbank rules Europe’s economic roost.

它正在歐洲的外交事務上尋求強有力的龍頭地位，即使德意志聯邦銀行已經統御了歐洲的經濟力量。

The day after President Clinton publicly urged it to do so,Germany’s Bundesbank cut key interest rates

在克林頓總統公開呼吁后的第二天，德國的中央銀行就調降了主要利率。

With domestic inflation running at more than 4% annually,Germany’s Bundesbank sought to dampen it by raising the benchmark discount rate for banks a hefty 0.75% to 8.75%,the highest since 1931.

因為國內的通貨膨脹年增率在4%左右，德國央行大幅調升基本貼現率0.75個百分點到了8.75%以尋求抑制通膨率。

money laundering

洗錢

DEA agents say the Urdinola brothers work somewhat independently from the rest of the Cali consortium,with their own trafficking and ndering organizations across the U.S.

美國緝毒局的干員指出Urdinola兄弟的販毒作業與卡利組織的其他部門算是分開來的，因為他們在全美布有自已的販毒與洗錢組織。

BCCI,earlier convicted of drug-money laundering in Florida,drew attention because it acquired First American,the largest bank in Washington.

稍早因在假佛羅里達幫毒販洗錢而遭判決有罪的國際信貸銀行，所以能引起注意是因為它曾買下華盛頓市最大的美國第一銀行。

mortgage

抵押權

If you have a home mortgage,you can be involved in derivatives already without even knowing it.

假如你有抵押房屋貸款，你可能已經涉入衍生性金融商品交易而不自知。

These days there’s a good chance yours won’t be kept in one piece by the banks that lent you the money.

在這年頭，貸款給你的銀行很可能會把你的抵押權拿云整得片瓦不留。

With 30-year fixed mortgage rates now at about 7%,singlefamily housing starts have returned to the brisk pace of the mid-1980s

目前30年固定房貨抵押利息約在7%上下，自住型的新屋動工率應可回到1980年代中期的快速步調。

mutual fund

共同基金

Faced with falling income from their nest eggs,

面對他們投資組合的收入下降，

consumers have scrambled to switch their savings from such investments as CDs and money-market accounts to riskier but higher-yielding stocks l funds.

消費者爭先恐后的把存款與貨幣市場的投資轉換成風險較高，但獲利也較高的股票與共同基金。

For the millions of Americans who have poured a record torrent of their hard-earned cash into mutual funds,this should be the best of times.

對數百尤將血汗錢破紀錄地投入共同基金市場的美國人來說，現在應該是最風光的日子。

venture capital

風險資本

Micro Computer invented a digital computer that controlled machine tools,

Micro Computer公司發明了解一部可控制工具機的數位電腦，

then fell apart in 1971 after a dispute between Hyatt and his venture-capital partners over sharing his rights to that invention.