非流动资产

资产可以划分为流动资产和非流动资产。

Assets can be classified into current assets and non-current assets .

非流动资产，主要是额外的土地和建筑，也大幅增加。

Non-current assets , mostly additions of land and buildings , also rose sharply .

今日开业的SCLowy将专门从事亚洲地区的问题债务及非流动资产投资业务。自金融危机爆发以来，此类资产的投资在银行和对冲基金中间日益流行。

SC Lowy , which opened today , will deal exclusively in distressed and illiquid investments across Asia , an asset class that has become increasingly fashionable among banks and hedge funds since the financial crisis struck .

这种状况必然增加非流动资产的风险溢价。

This wider set , of necessity , increases risk premiums on illiquid assets .

流动负债和非流动资产之间并不匹配，因此一旦出现资金链的突然紧张，银行就变得弱不禁风。

This mismatch between liquid debt and illiquid assets makes banks susceptible to sudden losses of funding .

对于非流动资产和负债，在一个较长的期间也反映出其可靠性本质。

For non-current assets and liability , they will show the nature between reliability and earning persistent in a long time .

尽管二者都不是完全陷入困境，但是市场对于其潜在的致命缺陷–非流动资产和不可靠的大规模债务的模式已经不再信任。

Though neither was particularly sickly , markets could no longer stomach their potentially lethal combination of illiquid assets and skittish wholesale liabilities .

对非流动资产的风险厌恶情绪高涨，正是美国经济复苏乏力的一大原因。

It is this rapid rise in aversion to illiquid risk that explains a large part of the anaemic recovery in the US .

他的改革措施广受欢迎，包括允许国有企业的非流动资产进入交易，以及引进期货指数和保证金交易等。

His widely applauded reforms allowed illiquid shares of state-owned enterprises to be traded , as well as the introduction of index futures and margin trading .

另一方面，信息不对称带来了交易中的逆向选择问题，特定的非流动资产的出售需要较高的买卖价差来弥补逆向选择风险。

On the other hand , information asymmetry brings out averse selection in transaction , then a wider spread is needed for the transaction of illiquid assets .

非流动资产是指长期投资以及那些为了经营需要而持有的经济资源，包括房屋建筑物、机器设备和无形资产等。

Non-current assets consist of long-term investment and those economic resources that are held for operational purpose , including building and structures , machinery and equipment , and intangible assets , etc.

营运能力指标涉及存货周转率、营运资本周转率、总资产周转率、应收账款周转率、流动资产周转率和非流动资产周转率共六个指标。

Operational capacity indicator relates to the accounts receivable turnover , inventory turnover , current asset turnover , working capital turnover ratio , non-current asset turnover and total asset turnover , total of six indicators .

雷曼这些做法意味着，该公司并不真正清楚，假如金融市场出现动荡，特别是如果自己所投资的非流动资产市场出现动荡，自己多么容易受到冲击。

Lehman 's practices meant that the firm did not have a true picture of just how vulnerable it was to swings in capital markets and , more importantly , in the markets for the illiquid assets in which it had invested .

哈佛大学及耶鲁大学捐赠基金去年均出现严重亏损，价值下降约四分之一。此前，两家基金曾大比例投资于非流动资产，包括涉及利用银行贷款和投资者资金收购企业的私人股本业。

The Harvard and Yale endowments reported heavy losses last year , falling by about a quarter after investing heavily in illiquid assets , including private equity , which involves buying companies using a mix of bank debt and investors ' money .

最终，新的流动性将会出现，例如买卖非流动性资产的私募股权交易平台（例如SecondMarket、SharesPost等。）。

Finally , new forms of liquidity will emerge such as private-market stock exchanges for buying and selling illiquid assets ( e.g. , secondmarket , sharespost , etc. ) .

但是，当糟糕的消息冲击整个市场的时候，非流动性资产所收的打击却是致命的。

But when bad news hits stockmarkets , illiquid assets can be hit extremely hard .

这可能是因为投资者都要求持有非流动性资产所要求的溢价。

This is probably because investors have demanded a premium for owning an illiquid asset .

存在个人非流动性资产的动态金融资产选择

Dynamic Portfolio Choice with Personal Illiquid Assets

非流动货币资产的货币亏损

Monetary loss on noncurrent monetary assets

这在本质上讲是在支持一种多样投资理念，即在投资主流证券的同时，也将资产分散到非流动性资产及另类资产类别（诸如私人股本）。

This essentially championed the idea of diversifying into illiquid and alternative asset classes , such as private equity , alongside mainstream securities .

这往往是因为投资信托基金持有非流动性资产的能力更强，因为它们不需要出售这些资产就可以支付那些退出的投资者。

This is often because investment trusts are better able to hold illiquid assets , as they do not have to sell them to pay exiting investors .

但在监管部门惩罚非流动性资产并推动更多衍生品进入交易所的环境下，人工因素已成为一种拖累，成本更廉价的算法将取代它。

But in an environment where regulators penalise illiquid assets and push more derivatives on to exchanges , the human touch has become a liability to be replaced by cheaper algorithms .

最近，一些更为老练的主权基金看得更远了。特别值得一提的是，它们充分利用其较长的投资期限，将资金投入了私人股本和房地产等非流动性资产领域。

Recently , some of the more established funds have looked further afield , particularly to take advantage of their long investment horizon , by putting money into illiquid assets such as private equity and real estate .

本文建立存在个人非流动性资产的动态资产选择模型，通过解模型得出结论：住房投资占净资产比例越高，股票投资比例越低；

We establish a model of dynamic portfolio choice with personal illiquid assets . We solve the model and reach the conclusion : the higher the proportion of real estate in total assets , the lower the proportion of stock holdings .

他负责的部门于2008年11月和2009年3月两次决定，将大额美元流动资产迅速转换为日本政府债券和德国债券等非美元流动资产，与中投来往密切的银行家对此表示赞赏。

Bankers who deal closely with CIC credit his department with the decision in November 2008 and March 2009 to very quickly convert large portions of its US dollar liquid assets into liquid non-dollar assets , such as Japanese government bonds and German bunds .

资产证券化是指将非流动性的资产转变为流动的、可在证券交易市场上进行交易的证券的过程。

Asset securitization is a process that turns assets with no liquidity into securities with high liquidity which can be traded in the second security market .

简而言之，无形资产是用于企业经营但没有实物形态的非流动性的资产。

In brief , intangible assets are assets which are used in the operation of the business but which have no physical substance and are noncurrent .

无形资产一词用来形容企业经营所用但没有实物形态且非流动性的资产。

The term " intangible assets " is used to describe assets which are used in the operation of the business but have no physical substance and are concurrent .

全职非流动性清洁工人资产全部变现后的清算

Liquidation after complete realization of assets