商业英语用词：Buesiness Words

　　The venture capital fund was structured as a Bermuda limited partnership for tax reasons.出于税收方面的考虑，该风险资本基金在百幕大以有限合伙的机制建立。

　　Banner　网站标志廣告（名词），在Web页上能够见到的一种广告形式，通常有一英寸高，横跨整个页面宽度，其中包含了指向广告客户Web页的链接。

　　The use of advertising³ banners makes up the key component⁴ of our marketing⁵ efforts to obtain more traffic to our web site.

　　标志广告成为我们市场活动的重要组成部分，为我们的Web网站赢得了更多的业务。

　　Ltd:

　　Limited company. A business structure used in Europe and Canada, in which shareholder⁶ responsibility for company debt is limited, usually to the amount he/she has invested in the company. In some cases, the liability of shareholders⁷ is limited to specific pre-determined

　　amounts (which are stated in a memorandum). Abbreviated⁸ Ltd or plc.

　　Beta:

　　A quantitative⁹ measure of the volatility¹⁰ of a given stock, mutual¹¹ fund, or portfolio¹², relative to the overall market, usually the S&P 500. Specifically, the performance the stock, fund or portfolio has experienced in the last 5 years as the S&P moved 1% up or down. A beta

　　above 1 is more volatile¹³ than the overall market, while a beta below 1 is less volatile.

　　Above Par¹:

　　Having a current price above face value. This would generally be the case if the coupon¹⁴ paid on the bond exceeds the discount rate applicable, or if market interest rates fall after the bond is bought. If the bondholder had bought at a price above par, then he/she will suffer a capital loss upon maturity¹⁵ since the bond will only be

　　redeemed¹⁶ at face value.

　　Authorized¹⁷ Shares:

　　The maximum number of shares of stock that a company can issue. This number is specified¹⁸ initially¹⁹ in the company's charter, but it can be changed with shareholder approval. Generally a much greater number of shares are authorized than required, to give the company flexibility²⁰ to issue more stock as needed. also called authorized stock or shares authorized.

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