套利
A 10-minute call from Rome to New York City costs $ 32.30;
从罗马打一次电话到纽约约10分钟要32.3美元，
New York to Rome is only $8.91
但从纽约打到罗马只要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使用称为“电话套利”的“回Call服务”，有效利用外国独占公用事业与自由化的美国电话事业之间的价差，造福用户。
CD
存款单
"We’re having to put money back in that business that we had invested in certificates of deposit for our children’s education,
“我们必须把投资在存款单，准备给孩子作教育费的资金抽出来放在公司。
and we have cashed in all our life insurance policies."
而我们也已经把寿险都换成现金了。”
Deutsche Bundesbank
德意志联邦银行
t is assuming a forceful leadership role in European foreign policy even as the Bundesbank rules Europe’s economic roost.
它正在欧洲的外交事务上寻求强有力的龙头地位，即使德意志联邦银行已经统御了欧洲的经济力量。
The day after President Clinton publicly urged it to do so,Germany’s Bundesbank cut key interest rates
在克林顿总统公开呼吁后的第二天，德国的中央银行就调降了主要利率。
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.
因为国内的通货膨胀年增率在4%左右，德国央行大幅调升基本贴现率0.75个百分点到了8.75%以寻求抑制通膨率。
money laundering
洗钱
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.
美国缉毒局的干员指出Urdinola兄弟的贩毒作业与卡利组织的其他部门算是分开来的，因为他们在全美布有自已的贩毒与洗钱组织。
BCCI,earlier convicted of drug-money laundering in Florida,drew attention because it acquired First American,the largest bank in Washington.
稍早因在假佛罗里达帮毒贩洗钱而遭判决有罪的国际信贷银行，所以能引起注意是因为它曾买下华盛顿市最大的美国第一银行。
mortgage
抵押权
If you have a home mortgage,you can be involved in derivatives already without even knowing it.
假如你有抵押房屋贷款，你可能已经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.
在这年头，贷款给你的银行很可能会把你的抵押权拿云整得片瓦不留。
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年固定房货抵押利息约在7%上下，自住型的新屋动工率应可回到1980年代中期的快速步调。
mutual fund
共同基金
Faced with falling income from their nest eggs,
面对他们投资组合的收入下降，
consumers have scrambled to switch their savings from such investments as CDs and money-market accounts to riskier but higher-yielding stocks l funds.
消费者争先恐后的把存款与货币市场的投资转换成风险较高，但获利也较高的股票与共同基金。
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.
对数百尤将血汗钱破纪录地投入共同基金市场的美国人来说，现在应该是最风光的日子。
venture capital
风险资本
Micro Computer invented a digital computer that controlled machine tools,
Micro Computer公司发明了解一部可控制工具机的数位电脑，
then fell apart in 1971 after a dispute between Hyatt and his venture-capital partners over sharing his rights to that invention.
