-
121 ADVERSE SELECTION
Неудачный/неэффективный выбор
Стремление людей заключить сделку в надежде использовать скрытую информацию в своих собственных интересах, нанося тем самым ущерб другой стороне. Чаще всего с проблемой неэффективного выбора сталкиваются страховые компании. При оценке страхового риска они обычно ориентируются на среднестатистического гражданина, однако страховой полис чаще покупают те люди, которые наверняка воспользуются его выгодами. Таким образом, выплаты по страховому полису могут превышать средний размер страховой премии (см. Premium), и страховая компания может оказаться неспособной покрыть все риски. Увеличение страховой премии не решает проблему, поскольку высокая цена полиса становится непривлекательной для большинства людей. Проблема неэффективного выбора относится также к рынку подержанных автомобилей. Впервые на нее обратил внимание Дж. Акерлоф в 1970 г. Она также называется проблемой «лимона» (lemon problem). Продавцы на таком рынке всегда знают, является продаваемый ими автомобиль «лимоном» (т.е. автомобилем плохого качества) или нет, в то время как покупатели не могут судить о его качестве, пока не сядут за руль. Поскольку все автомобили одной марки внешне выглядят одинаково, их продают по одной цене вне зависимости от их скрытого дефекта. Риск приобретения «лимона» ведет к тому, что покупатели готовы приобретать подержанные автомобили только по низким ценам, а владельцы исправных старых автомобилей не стремятся их продавать. Проблема неэффективного выбора обусловлена наличием асимметричной информации (см. Asymmetric information) и приводит к фиаско рынка (см. Market failure). См. также Moral hazard.Новый англо-русский словарь-справочник. Экономика. > ADVERSE SELECTION
-
122 boxed deal
«сейфовые сделки» (букв.)осуществляемые мелкими андеррайтерами новые выпуски акций, которые на вторичном рынке контролируются небольшими группами маркет мейкеров. Такие сделки, как правило, открываются с большими премиями, назначаемыми по требованию андеррайтера для того, чтобы поощрить своих клиентов приобретать дополнительные акции на вторичном рынке после завершения IPO (см. market maker, premium) -
123 gravitas
•• * Замечательное слово, отсутствующее в большинстве словарей. С развертыванием предвыборной кампании в США оно все чаще появляется в периодике. Вот пример из журнала Time:
•• John Edwards: A charismatic newcomer seemed just what the [Democratic] party was looking for – until 9/11 put a premium on gravitas.
•• Это наиболее частый контекст употребления этого слова, но иногда оно относится не только к людям:
•• With its black marble gravitas, the Vietnam Veterans Memorial in Washington tells the anguished story of how America got sucked in deeper and deeper, with the death toll rising along with the memorial’s V-shaped design. (New York Times)
•• American Heritage Dictionary дает следующее определение: 1. Substance; weightiness: a frivolous biography that lacks the gravitas of its subject. 2. A serious or dignified demeanor: “Our national father figure needs gravitas, [but] he’s pitched himself as the kid brother.” (John Leo, Mother Jones).
•• По существу значение одно, и его неплохо, на мой взгляд, схватывает определение в онлайновом словаре www.dictionary.com: High seriousness (as in a person’s bearing or in the treatment of a subject).
•• Интересные рассуждения об этом слове – на сайте www.quinion.com (Michael Quinion writes about international English from a British viewpoint):
•• Ever since George W. Bush picked Richard Cheney as his running mate, the candidates in the American presidential race have been vying to see who can demonstrate the greatest gravitas, or appearance of dignity and seriousness. The Washington Times earlier this month called it the “ gravitas gambit,” and Rush Limbaugh has been having fun playing recordings to illustrate how it has become the media buzzword of the campaign.
•• <...> A weighty word indeed, the opposite of levity, a lightness that causes bodies to rise, a tendency for people to exhibit lightweight attitudes. <...>
•• In the past couple of decades, it has become accepted as a proper English word, is now printed without the italics, and has become more popular. There are signs that it is losing some of its force: a headline in the financial pages of the Daily Telegraph last month shouted that “ Vodafone provides the gravitas,” meaning only that the mobile phone company’s excellent share performance was propping up the stock market.
•• Иногда определение (через синонимию) дается в тексте, как, например, в ироничной статье в Princeton Packet Online:
•• In an effort to be included within the spirit of inclusion characterizing the upcoming presidential election. I contracted with myself to do a poll asking whether the town of Princeton has “gravitas.” Defined as reservedness, dignity, good taste, legitimacy, propriety, seriousness, thoughtful decision-making, gravitas is being touted as a crucial quality for those who intend to lead America into the 21st century.
•• При большом разбросе контекстов и оттенков значения предложить варианты перевода для словаря не так просто. У меня есть подозрение, что наши политологи и журналисты могут соблазниться на прямое заимствование. Хотя, по-моему, неплохо основательность, собственный вес, иногда просто серьезность или достоинство. В контексте возможны и другие варианты, например, Our national father figure needs gravitas. – Человек, претендующий на роль отца нации, должен быть тяжеловесом (вспоминается «политический тяжеловес» – так в трудную для себя минуту охарактеризовал президент Ельцин В.С.Черномырдина).
•• Как часто бывает, может выручить антонимический перевод:
•• And we want to tell our readers about sharp, clever books, utterly lacking in gravitas, that we know will delight them on the beach or the bus. (Benjamin Schwarz. Some of the best books of 2001) – Мы хотим рассказать о книгах, написанных бойко и толково, но при этом совершенно легковесных, которые наверняка доставят вам удовольствие на пляже или в автобусе.
•• Пожалуй, часто подойдет слово солидность – ведь его можно употребить и в отношении людей, и в отношении предметов и явлений.
•• Самый первый пример – из New York Times – пожалуй, и самый трудный. Можно попробовать, например:
•• Исполненный торжественного достоинства, вашингтонский мемориал ветеранов войны во Вьетнаме, с его V-образными стелами из черного мрамора, служит тревожным напоминанием о том, как Америка все глубже втягивалась в войну, как день за днем росло число погибших.
•• Vodafone provides the gravitas – судя по объяснению Квиниона, Водафон удерживает рынок.
-
124 adjustment
n1) согласование, приведение в соответствие2) регулирование, выравнивание3) исправление; корректировка; поправка4) наладка; регулировка
- agricultural adjustment
- automatic adjustment
- average adjustment
- claims adjustment
- cost-of-living adjustment
- downward adjustment
- exchange rate adjustment
- exchange rates adjustment
- field adjustment
- forced adjustment
- gearing adjustment
- income adjustment
- industrial adjustment
- interest rate adjustment
- inventory valuation adjustment
- minor adjustment
- money-wage adjustment
- noncash adjustments
- par value adjustment
- premium adjustment
- price adjustment
- price level adjustment
- quantity adjustment
- scale adjustment
- seasonal adjustment
- stock adjustment
- structural adjustment
- translation adjustments
- upward adjustment
- variance adjustment
- adjustment for change in the account
- adjustments for current earnings
- adjustment for seasonal variations
- adjustment for variation in the price levels
- adjustment for turnover of staff
- adjustment of an account
- adjustment of the average
- adjustment of the balance sheet
- adjustment of capital to market changes
- adjustment of a claim
- adjustment of a machine
- adjustment of a record
- adjustment of a schedule
- adjustment on site
- draw up an adjustment
- make an adjustment
- prepare an average adjustmentEnglish-russian dctionary of contemporary Economics > adjustment
-
125 system
n1) система; комплекс2) система; порядок; классификация3) метод; способ
- accelerated cost recovery system
- accounting system
- actual cost system
- administrative system
- advanced system
- airline system
- appointment system
- assessment system
- automated control system
- automated management system
- automatic conveyor system
- automatic data processing system
- automatic transfer system
- banking system
- batch system
- bidding system
- bilateral clearing system
- bimetallic monetary system
- bonus system
- budgetary control system
- cash system
- centralized control system
- central record system
- chain store system
- checking system
- classification system
- clearing system
- clearing house interbank payment system
- closed system
- closed system of finance
- communication system
- computerised system
- computerised system of payments
- computerised interbank clearing system
- conference system
- constrained system
- constraint system
- container system
- contract system
- contractual vertical marketing system
- control system
- controlled system
- corporate vertical marketing system
- cost accounting system
- cost control system
- cost distribution system
- credit system
- crediting system
- credit scoring system
- credit transfer system
- cropping system
- currency system
- data system
- data acquisition system
- data collection system
- data interchange system
- data processing system
- data transmission system
- decentralized system
- decimal system
- deferred rebate system
- department incentive system
- deposit insurance system
- distribution system
- dual system
- dual-pay system
- dual price system
- dual standard cost system
- dynamic system
- economic system
- educational system
- electronic book-entry system
- electronic fund transfer system
- engineering system
- equilibrium system
- estimate cost system
- European monetary system
- evaluation system
- exchange system
- factory system
- farming system
- farm price system
- Federal Reserve System
- feedback system
- financial system
- fiscal system
- forecasting system
- free enterprise system
- generalized system of preferences
- giro system
- hauling system
- hire purchase system
- historical cost system
- household system
- import quota system
- imprest system
- industrial system
- inefficient tax system
- information system
- information retrieval system
- in-plant system
- inspection system
- integrated accounting system
- integrated record system
- Internet-based system
- inventory control system
- irrigation system
- job order cost system
- judicial system
- justice system
- land tenure system
- land-use system
- legal system
- licence system
- linear system
- lump system
- macroeconomic system
- management system
- management information system
- managerial system
- market system
- marketing system
- master system
- measuring system
- mechanical accounting system
- mercantile system
- metric system
- monetary system
- monitoring system
- multichannel system
- multicomputer system
- multidepot system
- multiitem system
- multilateral system of settlements
- multilevel system
- multiple system
- multiproduct inventory system
- multipurpose system
- multirobot system
- multistage system
- multiuser computer system
- national banking system
- normalized system
- office system
- one-crop system
- one-price system
- open price system
- operating system
- operational system
- order system
- ordering system
- par value system
- patent system
- pay system
- pay-as-you-earn system
- pay-as-you-go system
- payment system
- petty cash system
- piecework system
- planning system
- postal system
- post giro system
- power system
- premium system
- price system
- priority system
- private enterprise system
- process control system
- processing system
- production system
- product testing system
- programme system
- programme development system
- programming system
- protectionist system
- protective system
- public-address system
- quality system
- quality intelligence system
- quality rating system
- queueing system
- quota system
- railroad system
- railway system
- rating system
- rationing system
- real-time system
- recording system
- record keeping system
- reference system
- registration system
- relay system
- remote-control system
- reporting system
- retail trade system
- retrieval system
- risk-management system
- rotation system
- savings bank system
- scoring system
- search system
- selection system
- service system
- settlement system
- sewage system
- shared resource system
- shuttle system
- single system
- single-channel system
- social system
- stable system
- stand-alone system
- standard system
- standard cost system
- standby system
- state system
- static system
- stationary system
- storage system
- storekeeping system
- supply system
- sweating system
- tariff system
- tax system
- taxation system
- telecommunication system
- telephone system
- telephone answering system
- tender system
- tenure system
- testing system
- time-shared system
- timesharing system
- transfer system
- transmission system
- transport system
- transportation system
- trial system
- truck system
- two-shift system
- two-tier banking system
- two-tier gold system
- underwriting system
- uniform system of accounts
- universal time system
- unstable system
- value system
- vertical marketing system
- voucher system
- wage system
- wage labour system
- warehousing system
- waste disposal system
- waste handling system
- waste treatment system
- water system
- weighting system
- working system
- world system
- system of accounts
- system of administration
- system of bookkeeping
- system of classification
- system of control
- system of distribution
- system of information
- system of levies
- system of management
- system of marketing
- system of marking
- system of protective tariffs
- system of sales
- system of settlements
- system of tariffs
- system of taxation
- system of transportation
- system of units
- system of weights and measures
- bypass the banking system
- convert to a metric system
- design a system
- operate a system
- phase out the quota systemEnglish-russian dctionary of contemporary Economics > system
-
126 command
1. n1) приказ, приказание, команда2) воен. командование; управление3) господство, власть; контроль4) распоряжение•- USEUCOM- LANTCOM- PACOM- SOUTHCOM2. v1) приказывать, отдавать приказ, приказание2) иметь в своём распоряжении, располагать3) внушать, вселять4) эк. стоить, продаваться -
127 system
-
128 reserve
1.1) откладывать, запасать2) бронировать, резервировать, заказывать заранее2.1) запас, резерв2) фин. резервный фонд3) оговорка•
См. также в других словарях:
black market premium — UK US noun [C] MONEY ► the difference between the value of currency on the black market (= illegal system) and its official exchange rate (= value) in relation to another currency: »If a government allows high inflation, a high black market… … Financial and business terms
market risk premium — UK US noun [C] (also market premium) FINANCE ► the extra amount of money an investor can make by investing in financial products that have more risk: »The market risk premium is only worth it for most investors if you ve got a lot to invest and… … Financial and business terms
premium — consideration paid for an insurance policy. Glossary of Business Terms (1) The additional payment allowed by exchange regulation for delivery of higher than required standards or grades of a commodity against a futures contract. (2) In speaking… … Financial and business terms
Market Risk Premium — The difference between the expected return on a market portfolio and the risk free rate. Market risk premium is equal to the slope of the security market line (SML), a capital asset pricing model. Three distinct concepts are part of market risk… … Investment dictionary
Premium — (1) Amount paid for a bond above the par value. (2) The price of an option contract; also, in futures trading, the amount the futures price exceeds the price of the spot commodity. Related: inverted market premium payback period. Also called… … Financial and business terms
Market share analysis — is an important part of market analysis and indicates how well a firm is doing in the marketplace compared to its competitors. Givon, Mahajan, and Muller have researched spreadsheet and word processing software firms to give a clearer image of… … Wikipedia
premium — pre·mi·um / prē mē əm/ n 1: the difference between the face value or par value of a security and its market price when the latter is greater compare discount 2: the price paid for an insurance contract equal to the cost per unit times the number… … Law dictionary
Market gardening — Market garden redirects here. For the World War II operation, see Operation Market Garden. In agriculture, market gardening is the relatively small scale production of fruits, vegetables and flowers as cash crops, frequently sold directly to… … Wikipedia
Premium pricing — is the practice of keeping the price of a product or service artificially high in order to encourage favorable perceptions among buyers, based solely on the price.cite book | last = Gittings | first = Christopher | title = The Advertising… … Wikipedia
Market-based valuation — is a form of stock valuation that refers to market indicators, also called extrinsic criteria (i.e., not related to economic fundamentals and account data, which are intrinsic criteria). Examples of market valuation methods Technical analysis is… … Wikipedia
Market value added — (MVA) is the difference between the current market value of a firm and the capital contributed by investors. If MVA is positive, the firm has added value. If it is negative, the firm has destroyed value. The amount of value added needs to be… … Wikipedia