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21 Cape
1) Компьютерная техника: Central Analysis Program Ecstasy2) Американизм: Customs Automated Processing Of Entries3) Военный термин: capability and proficiency evaluation, communications automatic processing equipment4) Техника: computer-aided pattern evaluation5) Химия: Connective Available Potential Energy6) Метеорология: Convective Available Potential Energy8) Университет: Caribbean Advanced Proficiency Examinations, Computer Adaptive Placement Exams, Consortium For Advanced Placement Education9) Вычислительная техника: Computer Applications in Production and Engineering (Conference, IFIP)10) Фирменный знак: Capitol Area Power Exchange, Consultancy For Agriculture Productivity Enhancement11) Деловая лексика: Capture Analyze Plan And Execute, Computer Aided Process Engineering12) Образование: Camp Attracting Prospective Educators, Community Alliance To Promote Education, Community Alliances To Promote Education, Computer Adaptive Placement Exam13) Автоматика: Computer Applications in Production and Engineering, computer-aided production engineering14) Океанография: Convective and Precipitation/ Electrification15) Расширение файла: Concurrent Art-to-Product Environment16) Общественная организация: Council Of American Private Education -
22 IDEA
1) Компьютерная техника: Interactive Data Extraction And Analysis2) Техника: interface and display electronics assembly3) Ветеринария: In The Defense Of Earth And Animals4) Сокращение: International Defence Equipment & Aerospace Exhibition, Институт демократии и поддержки избирательных систем, Identify, Design, Execute, Augment (Process for changing anything.)5) Университет: Instructional Development And Effectiveness Assessment, Internet Delivery Of Exams And Assignments, Internet Differential Equations Activities6) Вычислительная техника: Interactive Digital Electronic Appliance, Internet Design, Engineering, and Analysis notes (IETF), International Data Encryption Algorithm (Verschluesselung)8) Деловая лексика: Institutional Data Easy Access9) Образование: Individual Development And Educational Assessment, Individuals with Disabilities Education Act, Instant Digital Education Assistant, Interior Distance Education Of Alaska, (Individuals with Disabilities Education Act) Закон об образовании лиц с инвалидностью10) Расширение файла: International Data Encryption Algorithm11) Должность: Innovation Development Employment And Applications -
23 cape
1) Компьютерная техника: Central Analysis Program Ecstasy2) Американизм: Customs Automated Processing Of Entries3) Военный термин: capability and proficiency evaluation, communications automatic processing equipment4) Техника: computer-aided pattern evaluation5) Химия: Connective Available Potential Energy6) Метеорология: Convective Available Potential Energy8) Университет: Caribbean Advanced Proficiency Examinations, Computer Adaptive Placement Exams, Consortium For Advanced Placement Education9) Вычислительная техника: Computer Applications in Production and Engineering (Conference, IFIP)10) Фирменный знак: Capitol Area Power Exchange, Consultancy For Agriculture Productivity Enhancement11) Деловая лексика: Capture Analyze Plan And Execute, Computer Aided Process Engineering12) Образование: Camp Attracting Prospective Educators, Community Alliance To Promote Education, Community Alliances To Promote Education, Computer Adaptive Placement Exam13) Автоматика: Computer Applications in Production and Engineering, computer-aided production engineering14) Океанография: Convective and Precipitation/ Electrification15) Расширение файла: Concurrent Art-to-Product Environment16) Общественная организация: Council Of American Private Education -
24 idea
1) Компьютерная техника: Interactive Data Extraction And Analysis2) Техника: interface and display electronics assembly3) Ветеринария: In The Defense Of Earth And Animals4) Сокращение: International Defence Equipment & Aerospace Exhibition, Институт демократии и поддержки избирательных систем, Identify, Design, Execute, Augment (Process for changing anything.)5) Университет: Instructional Development And Effectiveness Assessment, Internet Delivery Of Exams And Assignments, Internet Differential Equations Activities6) Вычислительная техника: Interactive Digital Electronic Appliance, Internet Design, Engineering, and Analysis notes (IETF), International Data Encryption Algorithm (Verschluesselung)8) Деловая лексика: Institutional Data Easy Access9) Образование: Individual Development And Educational Assessment, Individuals with Disabilities Education Act, Instant Digital Education Assistant, Interior Distance Education Of Alaska, (Individuals with Disabilities Education Act) Закон об образовании лиц с инвалидностью10) Расширение файла: International Data Encryption Algorithm11) Должность: Innovation Development Employment And Applications -
25 step
1. ім. 1) (технологічна) операція 2) сходинка, ступінь 3) крок (напр. мультиплікація) 2. дієсл. послідовно експонувати з кроковим переміщенням; послідовно мультиплікувати з кроковим переміщенням - execute step
- interconnection step
- mask step
- mesa step
- oxide step
- pattern-printing step
- photolithographic step
- photomasking step
- predeposit step
- processing step
- process step
- yellow room’s step -
26 list
1) список; ведомость; перечень; спецификация || вести список2) таблица•- basis list
- bibliographic list
- chained list
- check list
- commodity control list
- components list
- contents list
- daily cutting list
- data list
- demand list
- disk block program list
- dispatch list
- gaging list
- job list
- key term list
- kitting list of tooling
- list of chosen descriptors
- list of instructions
- list of modification
- list of modifications
- parts list
- pick list
- printed list
- priority list
- process list
- production-request list
- reading lists
- ready to execute job list
- requirement list
- shortage list
- stock cutters list
- subject heading list
- suspended job list
- tool library list
- tool preparation list
- union list
- wish list
- word list
- work priority list
- works order listEnglish-Russian dictionary of mechanical engineering and automation > list
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27 part
1) часть, доля2) запасная часть; деталь3) раздел•- aliquot part
- application part
- data description part
- execute part - formal part
- fractional part
- imaginary part
- index part
- indexing part
- initializing part of loop
- instruction part
- integer part
- integral part
- kit parts
- linear program part
- lower part
- nonindexing part
- nonresident part
- operation part
- operator part
- process description part
- real part
- replacement part
- resident part
- stagnant part of number
- upper partEnglish-Russian dictionary of computer science and programming > part
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28 BIOS
['baios] n. shkurtesë nga b asic i nput o utput s ystem ( BIOS) sistemi themelor për hyrje-dalje ( informatikë)What is BIOS?BIOS is an acronym for Basic Input/Output System. It is the boot firmware program on a PC, and controls the computer from the time you start it up until the operating system takes over. When you turn on a PC, the BIOS first conducts a basic hardware check, called a Power-On Self Test (POST), to determine whether all of the attachments are present and working. Then it loads the operating system into your computer's random access memory, or RAM.The BIOS also manages data flow between the computer's operating system and attached devices such as the hard disk, video card, keyboard, mouse, and printer.The BIOS stores the date, the time, and your system configuration information in a battery-powered, non-volatile memory chip, called a CMOS (Complementary Metal Oxide Semiconductor) after its manufacturing process.Although the BIOS is standardized and should rarely require updating, some older BIOS chips may not accommodate new hardware devices. Before the early 1990s, you couldn't update the BIOS without removing and replacing its ROM chip. Contemporary BIOS resides on memory chips such as flash chips or EEPROM (Electrically Erasable Programmable Read-Only Memory), so that you can update the BIOS yourself if necessary.For detailed information about BIOS updates, visit:What is firmware?Firmware consists of programs installed semi-permanently into memory, using various types of programmable ROM chips, such as PROMS, EPROMs, EEPROMs, and flash chips.Firmware is non-volatile, and will remain in memory after you turn the system off.Often, the term firmware is used to refer specifically to boot firmware, which controls a computer from the time that it is turned on until the primary operating system has taken over. Boot firmware's main function is to initialize the hardware and then to boot (load and execute) the primary operating system. On PCs, the boot firmware is usually referred to as the BIOS.What is the difference between memory and disk storage?Memory and disk storage both refer to internal storage space in a computer.The term memory usually means RAM (Random Access Memory). To refer to hard drive storage, the terms disk space or storage are usually used.Typically, computers have much less memory than disk space, because RAM is much more expensive per megabyte than a hard disk. Today, a typical desktop computer might come with 512MB of RAM, and a 40 gigabyte hard disk.Virtual memory is disk space that has been designated to act like RAM.Computers also contain a small amount of ROM, or read-only memory, containing permanent or semi-permanent (firmware) instructions for checking hardware and starting up the computer. On a PC, this is called the BIOS.What is RAM?RAM stands for Random Access Memory. RAM provides space for your computer to read and write data to be accessed by the CPU (central processing unit). When people refer to a computer's memory, they usually mean its RAM.New computers typically come with at least 256 megabytes (MB) of RAM installed, and can be upgraded to 512MB or even a gigabyte or more.If you add more RAM to your computer, you reduce the number of times your CPU must read data from your hard disk. This usually allows your computer to work considerably faster, as RAM is many times faster than a hard disk.RAM is volatile, so data stored in RAM stays there only as long as your computer is running. As soon as you turn the computer off, the data stored in RAM disappears.When you turn your computer on again, your computer's boot firmware (called BIOS on a PC) uses instructions stored semi-permanently in ROM chips to read your operating system and related files from the disk and load them back into RAM.Note: On a PC, different parts of RAM may be more or less easily accessible to programs. For example, cache RAM is made up of very high-speed RAM chips which sit between the CPU and main RAM, storing (i.e., caching) memory accesses by the CPU. Cache RAM helps to alleviate the gap between the speed of a CPU's megahertz rating and the ability of RAM to respond and deliver data. It reduces how often the CPU must wait for data from main memory.What is ROM?ROM is an acronym for Read-Only Memory. It refers to computer memory chips containing permanent or semi-permanent data. Unlike RAM, ROM is non-volatile; even after you turn off your computer, the contents of ROM will remain.Almost every computer comes with a small amount of ROM containing the boot firmware. This consists of a few kilobytes of code that tell the computer what to do when it starts up, e.g., running hardware diagnostics and loading the operating system into RAM. On a PC, the boot firmware is called the BIOS.Originally, ROM was actually read-only. To update the programs in ROM, you had to remove and physically replace your ROM chips. Contemporary versions of ROM allow some limited rewriting, so you can usually upgrade firmware such as the BIOS by using installation software. Rewritable ROM chips include PROMs (programmable read-only memory), EPROMs (erasable read-only memory), EEPROMs (electrically erasable programmable read-only memory), and a common variation of EEPROMs called flash memory.What is an ACPI BIOS?ACPI is an acronym that stands for Advanced Configuration and Power Interface, a power management specification developed by Intel, Microsoft, and Toshiba. ACPI support is built into Windows 98 and later operating systems. ACPI is designed to allow the operating system to control the amount of power provided to each device or peripheral attached to the computer system. This provides much more stable and efficient power management and makes it possible for the operating system to turn off selected devices, such as a monitor or CD-ROM drive, when they are not in use.ACPI should help eliminate computer lockup on entering power saving or sleep mode. This will allow for improved power management, especially in portable computer systems where reducing power consumption is critical for extending battery life. ACPI also allows for the computer to be turned on and off by external devices, so that the touch of a mouse or the press of a key will "wake up" the computer. This new feature of ACPI, called OnNow, allows a computer to enter a sleep mode that uses very little power.In addition to providing power management, ACPI also evolves the existing Plug and Play BIOS (PnP BIOS) to make adding and configuring new hardware devices easier. This includes support for legacy non-PnP devices and improved support for combining older devices with ACPI hardware, allowing both to work in a more efficient manner in the same computer system. The end result of this is to make the BIOS more PnP compatible.What is CMOS?CMOS, short for Complementary Metal Oxide Semiconductor, is a low-power, low-heat semiconductor technology used in contemporary microchips, especially useful for battery-powered devices. The specific technology is explained in detail at:http://searchsmb.techtarget.com/sDefinition/0,,sid44_gci213860,00.htmlMost commonly, though, the term CMOS is used to refer to small battery-powered configuration chips on system boards of personal computers, where the BIOS stores the date, the time, and system configuration details.How do I enter the Setup program in my BIOS?Warning: Your BIOS Setup program is very powerful. An incorrect setting could cause your computer not to boot properly. You should make sure you understand what a setting does before you change it.You can usually run Setup by pressing a special function key or key combination soon after turning on the computer, during its power-on self test (POST), before the operating system loads (or before the operating system's splash screen shows). During POST, the BIOS usually displays a prompt such as:Press F2 to enter SetupMany newer computers display a brief screen, usually black and white, with the computer manufacturer's logo during POST.Entering the designated keystroke will take you into the BIOS Setup. Common keystrokes to enter the BIOS Setup are F1, F2, F10, and Del.On some computers, such as some Gateway or Compaq computers, graphics appear during the POST, and the BIOS information is hidden. You must press Esc to make these graphics disappear. Your monitor will then display the correct keystroke to enter.Note: If you press the key too early or too often, the BIOS may display an error message. To avoid this, wait about five seconds after turning the power on, and then press the key once or twice.What's the difference between BIOS and CMOS?Many people use the terms BIOS (basic input/output system) and CMOS (complementary metal oxide semiconductor) to refer to the same thing. Though they are related, they are distinct and separate components of a computer. The BIOS is the program that starts a computer up, and the CMOS is where the BIOS stores the date, time, and system configuration details it needs to start the computer.The BIOS is a small program that controls the computer from the time it powers on until the time the operating system takes over. The BIOS is firmware, which means it cannot store variable data.CMOS is a type of memory technology, but most people use the term to refer to the chip that stores variable data for startup. A computer's BIOS will initialize and control components like the floppy and hard drive controllers and the computer's hardware clock, but the specific parameters for startup and initializing components are stored in the CMOS. -
29 application
n1) заявка; заявление2) ходатайство3) применение; использование; назначение (прибора и т.п.)
- additional application
- advance application
- business application
- cognate application
- commercial application
- companion application
- complete application
- convention application
- copending applications
- design application
- divisional application
- efficient application
- evaluated application
- export application
- extensive application
- fast-track application
- fertilizer application
- field application
- first application
- import application
- incoming applications
- independent application
- industrial application
- insurance application
- interfering application
- joint application
- junior application
- legal application
- licence application
- limited application
- loan application
- missing application
- multiple application
- objectionable patent application
- on-the-job application
- original application
- parent application
- patent application
- peaceful application
- pending application
- potential application
- practical application
- preliminary application
- previous application
- prior application
- provisional application
- reciprocity application
- related application
- renewal application
- representative application
- restricted application
- senior application
- single application
- specific application
- territorial application
- uniform application of tax laws
- valid application
- vicious patent application
- visa application
- wide application
- application for admission
- application for allotment of shares
- application for compensation
- application for credit
- application for exhibition space
- application for expertise
- application for exportation
- application for grant
- application for grant of a patent
- application for an import permit
- application for invention rights
- application for a job
- application for leave
- application for a licence
- application for listing
- application for participation
- application for a patent
- application for payment
- application for a permit
- application for a position
- application for postponement
- application for quotation
- application for registration
- application for reissue of a patent
- application for respite
- application for review
- application for space
- application for stand reservation
- application for a vacancy
- application for a visa
- application of automation
- application of experience
- application of expertise
- application of funds
- application of a licence
- application of new technologies
- application of provisions
- application of a sanction
- application to arbitration
- upon application
- prices on application
- accept an application
- consider an application
- disclaim an application
- draw up an application
- effect an application
- examine an application
- execute an application
- file an application
- fill in an application
- fill in an application for an issue of shares
- find application
- grant an application
- interfere with an application
- invite applications for shares
- lodge an application
- make an application
- prepare an application
- process a patent application
- refuse an application
- reject an application
- renew an application
- submit an application
- uphold an application
- withdraw an applicationEnglish-russian dctionary of contemporary Economics > application
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30 contract
1. n1) договор, соглашение, контракт2) подряд3) единица торговли на срочных биржах (стандартное соглашение о купле-продаже)
- acceptable contract
- agency contract
- aleatory contract
- arrival contract
- associate contract
- auditing contract
- awarded contract
- back contracts
- banking contract
- bare contract
- binding contract
- blanket contract
- bottomry contract
- brokerage contract
- broker's contract
- building contract
- chartering contract
- civil law contract
- classified contract
- collateral contract
- collective contract
- collective bargaining contract
- commercial contract
- commercial agency contract
- commodity contract
- compensation contract
- completion-type contract
- consensual contract
- consignment contract
- construction contract
- consultancy contract
- cost-plus-fixed-fee contract
- cost-plus-percentage-fee contract
- crosslease contract
- defense contract
- design engineering contract
- development contract
- developmental contract
- draft contract
- employment contract
- enforceable contract
- exclusive contract
- exclusive sale contract
- executed contract
- executory contract
- export contract
- financial futures contract
- fixed-price contract
- fixed-price contract with redetermination
- fixed-price redeterminable prospective contract
- fixed-term contract
- flat fee contract
- formal contract
- forward contract
- framework contract
- freight contract
- futures contract
- general contract
- general freight contract
- global contract
- government contract
- guaranteed contract
- hire contract
- hire purchase contract
- illegal contract
- implied contract
- import contract
- incentive contract
- indemnity contract
- infant's contract
- initial contract
- installment contract
- insurance contract
- interest rate contract
- labour contract
- large contract
- lease contract
- licence contract
- licensing contract
- life contract
- life insurance contract
- loading contract
- long-term contract
- lucrative contract
- maintenance contract
- management contract
- manufacturing contract
- marine insurance contract
- maritime contract
- military contract
- model contract
- money lending contract
- monopoly contract
- multilateral contract
- mutually beneficial contract
- naked contract
- nude contract
- official contract
- offset contract
- onerous contract
- open contract
- open-end contract
- operating contract
- option contract
- oral contract
- original contract
- outsourcing contract
- outstanding contract
- packing contract
- parol contract
- passage contract
- patent contract
- patent-granting contract
- period contract
- permanent rent contract
- preliminary contract
- previous contract
- prime contract
- private contract
- process-transfer contract
- procurement contract
- production sharing contract
- profitable contract
- profit-sharing contract
- public contract
- purchase contract
- purchase and sale contract
- quasi contract
- real contract
- reciprocal contract
- reciprocity contract
- reinsurance contract
- rent contract
- repair contract
- research and development contract
- risk contract
- sales contract
- salvage contract
- semi-turnkey contract
- service contract
- sham contract
- share-rental contract
- share tenancy contract
- shipment contract
- short-term contract
- simple contract
- single contract
- sold contract
- specialty contract
- spot contract
- standard contract
- stand rent contract
- stockbroker's contract
- stock-option contract
- supplementary contract
- syndicate contract
- take-and-pay contract
- take-or-pay contract
- team contract
- tenancy contract
- terminal contract
- time and materials contract
- toll contract
- total package procurement contract
- towing contract
- trade contract
- trade union contract
- turnkey contract
- tying contract
- umbrella contract
- uncompleted contract
- underwriting contract
- unfulfilled contract
- unilateral contract
- valid contract
- verbal contract
- void contract
- voidable contract
- work contract
- written contract
- yellow dog contract
- contract by deed
- contract by tender
- contract for construction
- contract for custody
- contract for delivery
- contract for freight
- contract for labour and materials
- contract for public works
- contract for purchase
- contract for a single shipment
- contract for space
- contract for technical service
- contract of affreightment
- contract of agency
- contract of annuity
- contract of carriage
- contract of consignment
- contract of employment
- contract of guarantee
- contract of indemnity
- contract of insurance
- contract of intent
- contract of novation
- contract of pledge
- contract of purchase
- contract of reinsurance
- contract of representation
- contract of sale
- contract of service
- contract of suretyship
- contract of tenancy
- contract under seal
- according to the contract
- against a contract
- as per contract
- subject to contract
- with reference to the contract
- agree on a contract
- annul a contract
- award a contract
- back out of a contract
- be under contract
- break a contract
- cancel a contract
- carry out a contract
- come under a contract
- commit a breach of contract
- complete a contract
- comply with the contract
- conclude a contract
- confirm a contract
- conform to the contract
- deliver against a contract
- depart from a contract
- draw up a contract
- enforce a contract
- enter into a contract
- execute a contract
- fulfil a contract
- finance a contract
- hold a contract
- implement a contract
- infringe a contract
- initial a contract
- levy a contract
- make a contract
- negotiate a contract
- obtain a contract
- perform a contract
- place a contract
- prepare a contract
- repudiate a contract
- rescind a contract
- renew a contract
- revise a contract
- revoke a contract
- secure a contract
- sign a contract
- stipulate by a contract
- supply against a contract
- take out an insurance contract
- tender for a contract
- terminate a contract
- violate a contract
- win a contract
- withdraw from a contract2. v2) сокращать; сокращаться
- as contractedEnglish-russian dctionary of contemporary Economics > contract
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31 work
1. n1) работа; труд; дело2) место работы; должность, занятие3) действие, функционирование4) изделие; изделия, продукция5) заготовка; обрабатываемое изделие6) pl завод, фабрика, мастерские7) pl инженерное сооружение
- actual work
- additional work
- adjustment work
- administrative work
- agency work
- agricultural work
- aircraft works
- ancillary work
- art work
- artistic work
- assembly work
- auditing work
- auxiliary work
- building works
- casual work
- civil work
- civil engineering works
- clerical work
- commercial work
- commission work
- commissioning work
- construction works
- contract work
- contractor's works
- daily work
- day work
- day-to-day work
- decorating work
- decoration work
- defective work
- design work
- double-shift work
- efficient work
- engineering work
- engineering works
- field work
- fine work
- finishing work
- full-capacity work
- full-time work
- future work
- hand work
- heavy engineering works
- high-class work
- highly mechanized work
- highly skilled work
- hired work
- incentive work
- installation work
- integrated works
- intellectual work
- iron and steel works
- joint work
- laboratory work
- labour-intensive work
- lorry works
- low-paid work
- machine work
- maintenance work
- maker's works
- managerial work
- manual work
- manufacturer's works
- mechanical work
- metallurgical works
- mounting work
- multishift work
- night work
- nonshift work
- office work
- one-shift work
- on-site work
- outdoor work
- outstanding work
- overtime work
- packing work
- paid work
- paper work
- partial work
- part-time work
- patent work
- permanent work
- piece work
- planned work
- planning work
- practical work
- preliminary work
- preparatory work
- productive work
- reconstruction work
- regular work
- remedial work
- repair work
- rescue work
- research work
- routine work
- rush work
- rythmical work
- salvage work
- satisfactory work
- scheduled work
- scientific work
- seasonal work
- second-shift work
- serial work
- service work
- shift work
- short-time work
- smooth work
- spare-time work
- stevedore work
- stevedoring work
- subcontract work
- subcontractor's works
- subsidiary work
- survey and research work
- task work
- team work
- temporary work
- testing work
- time work
- two-shift work
- unhealthy work
- unskilled work
- wage work
- well-paid work
- work according to the book
- work at normal working hours
- work at piece rates
- work at time rates
- work by contract
- work by hire
- work by the piece
- work by the rules
- work for hire
- work in process
- work in progress
- works of art
- work of development
- work of equipment
- work of an exhibition
- work on a contract
- work on a contractual basis
- work on hand
- work on a project
- work on schedule
- work on the site
- work under way
- ex works
- out of work
- fit for work
- unfit for work
- work done
- work performed
- accept work
- accomplish work
- alter work
- assess work
- be at work
- be behind with one's work
- begin work
- bill work
- be on short time work
- be thrown out of work
- carry out work
- cease work
- close down the works
- commence work
- complete work
- control work
- coordinate work
- correct work
- do work
- employ on work
- entrust with work
- evaluate work
- execute work
- expedite work
- finalize work
- finish work
- fulfil work
- get work
- get down to work
- give out work by contract
- go ahead with work
- hold up work
- improve work
- inspect work
- insure work
- interfere with work
- interrupt work
- leave off work
- look for work
- organize work
- pay for work
- perform work
- postpone work
- proceed with work
- provide work
- put off work
- rate work
- rectify defective work
- reject work
- remedy defective work
- resume work
- retire from work
- speed up work
- start work
- step up work
- stop work
- superintend work
- supervise work
- suspend work
- take over work
- take up work
- terminate work
- undertake work2. v1) работать2) действовать, функционировать3) обрабатывать
- work off
- work out
- work over
- work overtime
- work to rule
- work up -
32 soft dollaring
See:Another reason managers are interested in controlling client commissions deserves special attention. "Soft dollaring" has got to be one of the most misunderstood and controversial practices in the money management business. The very term "soft dollars" suggests something shady and conjures up images of money exchanging hands in dark alleyways. Among laymen, soft dollars may be confused with "soft money" political contributions. There is a thin connection between "soft dollars" and "soft money." Since brokerage firms are not subject to the same rules pertaining to political contributions as municipal underwriting firms, large "soft money" contributions from owners of brokerage firms do find their way into politicians' coffers more easily than contributions from underwriters. However, it is important to not confuse the two terms.So what is "soft dollaring?" Soft dollaring is the practice whereby money managers use client brokerage commissions to purchase investment research. When a manager pays for products or services with his own money, directly from the research provider, this is referred to as "hard dollars." Payment with client commissions, financed through a brokerage firm, is referred to as "soft dollars." Through soft dollar arrangements money managers are permitted to shift an expense related to the management of assets they would otherwise have to bear, onto their clients. The amount of this research expense the money management industry transfers onto its clients is in the billions annually. As a result, any analysis of the economics of the money management industry should include the effects of soft dollaring; however, we are unaware of any that has. In the institutional marketplace, strange as it may seem, it is possible for a money manager to profit more from soft dollars than from the negotiated asset management fee he receives.The general rule under the federal and state securities laws is that a fiduciary, the money manager, cannot use client assets for his own benefit or the benefit of other clients. To simplify matters greatly, soft dollaring is a legally prescribed exception to this rule. Congress, the SEC and other regulators have agreed that as long as the research purchased assists the manager in making investment decisions, the clients benefit and its legally acceptable. A tremendous amount of strained analysis has gone into the precise policies and procedures that managers must follow in purchasing research with client commission dollars. Over the years a distinction has been made between "proprietary" research or in-house research distributed to brokerage customers without a price tag attached and "independent third-party" research or research written by a third party and sold to managers at a stated price. Third party research has been most frequently criticized because its cost is separately stated and the benefit to managers most obvious. In this latter case, a breach of fiduciary duty seems most glaring. However, it is well known that proprietary research, offered for "free, " is produced to stimulate sales of dealer inventory. So presumably this research lacks credibility and is less beneficial to clients. There have been distinctions drawn between products and services, such as computers, which are "mixed-use, " i.e., which may serve dual purposes, providing both research and administrative uses. An adviser must make a reasonable allocation of the cost of the product according to its uses, the SEC has said. Some portion must be paid for with "hard" dollars and the other with "soft." There are several articles in our Library of Articles that describe soft dollar practices, rule changes and our proposal to Chairman Levitt to reform the soft dollar business.The issue that soft dollaring raises is: when is it acceptable for a manager to benefit from his client's commissions? For purposes of this article we would like to introduce a new and more useful perspective for pensions in their analysis of soft dollars or any other brokerage issue. That is, all brokerage commissions controlled by managers, benefit managers in some way. Brokerage decision-making by managers rarely, if ever, is simply based upon what firm can execute the trade at the best price. Brokerage is a commodity. Almost all brokerage firms offer reasonably competent, "best execution" services. If they didn't, they'd get sued and soon be out of business. Most savvy brokerage marketers don't even try to differentiate their firms with long-winded explanations about best-execution capabilities. Best execution is a given and impossible to prove. If you want to understand how your money manager allocates brokerage, study his business as a whole, including his marketing and affiliates-not just the investment process.The new English-Russian dictionary of financial markets > soft dollaring
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33 design
1. n часто умысел2. n рел. божье провидение, божественный промысл3. n цель, намерениеwith design — с намерением, с целью
by design — намеренно; преднамеренно, предумышленно
design objective — цели проектирования; проектные параметры
4. n замысел; план, проект5. n планирование6. n вчт. проектирование; конструирование7. n чертёж, эскиз; конструкция; проект; расчёт8. n рисунок, узорpoor design — плохо выполненный, бедный, бедного рисунка
9. n модель10. n композиция11. n искусство композиции12. n дизайн; внешний вид, исполнение13. n произведение искусства14. v замышлять; намереваться; планировать15. v предназначать16. v составлять план, схему; планировать, проектировать, конструировать17. v вынашивать замысел; задумать18. v чертить; вычерчивать схему19. v заниматься проектированием, проектировать; быть проектировщиком, конструктором20. v исполнять, выполнять21. v книжн. собираться поехатьСинонимический ряд:1. figure (noun) device; figure; motif; motive; pattern; style2. intent (noun) aim; animus; end; goal; intendment; intent; intention; notion; object; objective; point; purpose; reason; target; thought; view3. makeup (noun) architecture; composition; constitution; construction; formation; makeup4. meaning (noun) drift; meaning; purport5. outline (noun) depiction; draft; illustration; ornament; outline; painting; stamp6. plan (noun) arrangement; blueprint; game plan; idea; lay out; layout; map; plan; plot; project; proposal; proposition; schema; scheme; strategy7. contrive (verb) conceive; contrive; fashion; hatch; model; think8. mean (verb) aim; contemplate; intend; mean; project; propose; purpose9. plan (verb) arrange; blueprint; cast; chart; devise; draw; draw up; frame; lay out; map; map out; plan; project; set out10. sketch (verb) delineate; outline; sketchАнтонимический ряд:accident; accomplish; achieve; artlessness; candour; chance; change; conjecture; construction; execute; execution; fairness; fluke; fortuity; guess
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