商務(wù)英語4課文翻譯RaisingFinance

.適用文檔.RaisingFinance--翻譯RaisingFinance融資Whenacompanyisgrowingrapidly,forexamplewhencontemplatinginvestmentincapitalequipmentoranacquisition,itscurrentfinancialresourcesmaybeinadequate.當一家公司快速成長時，比如考慮投資固定設(shè)施或進行收買時，它的資本流〔currentfinancialresources翻譯禁止〕可能不夠充分。Fewgrowingcompaniesareabletofinancetheirexpansionplansfromcashflowalone.極罕有成長中的公司能夠僅經(jīng)過現(xiàn)金流為他們的擴充方案融資。Theywillthereforeneedtoconsiderraisingfinancefromotherexternalsources.所以，他們需要考慮從其余外面根源進行融資。Inaddition,managerswhoarelookingtobuy-intoabusiness(‘managementbuy-in’or‘MBI’)orbuy-out(‘managementbuy-out’or‘MBO’)abusinessfromitsowners,maynothavetheresourcestoacquirethecompany.別的，正準備從公司全部者手中對公司進行外面管理層收買或公司內(nèi)部管理層收買的管理者們可能沒有財力收買該公司。Theywillneedtoraisefinancetoachievetheirobjectives.他們需要籌集資本以抵達他們的目標。ThereareanumberofpotentialsourcesoffinancetomeettheneedsofagrowingbusinessortofinanceanMBIorMBO:有好多潛伏的資本根源，能夠知足成長中的公司或為外面管理層收買或公司內(nèi)部管理層收買融資。-Existingshareholdersanddirectorsfunds現(xiàn)有股東和董事基金-Familyandfriends家庭和朋友-Businessangels天使投資者-Clearingbanks(overdrafts,shortormediumtermloans)清理銀行〔透支，中短期貸款〕-Invoicediscounting..適用文檔.發(fā)票貼現(xiàn)-Hirepurchaseandleasing分期付款購買和租借-Merchantbanks(mediumtolongertermloans)商業(yè)銀行(中長久貸款)-Venturecapital風險資本Akeyconsiderationinchoosingthesourceofnewbusinessfinanceistostrikeabalancebetweenequityanddebttoensurethefundingstructuresuitsthebusiness.均衡權(quán)益和負債以保證融資構(gòu)造合適公司是選擇新公司融資根源的一個重要考慮要素。Themaindifferencesbetweenborrowedmoney(debt)andequityarethat，withdebt,bankersrequestinterestpaymentsandcapitalrepayments,andtheborrowedmoneyisusuallysecuredonbusinessassetsorthepersonalassetsofshareholdersand/ordirectors.借來的錢〔負債〕和權(quán)益的主要差別在于：關(guān)于負債，銀專家懇求支付利息和送還資本，借來的錢往常用公司的財產(chǎn)或股東或董事的個人財產(chǎn)進行擔保。Abankalsohasthepowertoplaceabusinessintoadministrationorbankruptcyifitdefaultsondebtinterestorrepaymentsoritsprospectsdecline.假如公司拖負債務(wù)、利息或還款或它的遠景降落〔預期降落〕，銀行也有能力將公司置于行政管束或破產(chǎn)?！瞤laceabusinessintoadministration翻譯不確立〕Incontrast,equityinvestorstaketheriskoffailurelikeothershareholders,whilsttheywillbenefitthroughparticipationinincreasinglevelsofprofitsandontheeventualsaleoftheirstake.相反，股票投資者像其余股東同樣擔當(投資)失敗的風險,同時，他們能在收益增加和最后銷售股票時獲益。Theoverallobjectiveinraisingfinanceforacompanyistoavoidexposingthebusinesstoexcessivehighborrowings,butwithoutunnecessarilydilutingthesharecapital.一個公司的整體融資目標是防備公司曝露于過高的借錢風險，沒有不用要的稀釋股權(quán)資本。Thiswillensurethatthefinancialriskofthecompanyiskeptatanoptimallevel.這將保證公司的財務(wù)風險保持在一個最優(yōu)水平。Raisingfinanceisdependentonagoodbusinessplanwhichdemonstratesthatthemanagementisawareofalltherisksinvolved.融資依靠于一個好的商業(yè)方案，該方案說明管理層知道全部波及的風險。TypesofFinance..適用文檔.融資種類Venturecapital風險資本Venturecapitalisageneraltermtodescribearangeofordinaryandpreferenceshareswheretheinvestinginstitutionacquiresashareinthebusiness.風險資本是一個描繪投資機構(gòu)獲得公司一系列一般股和優(yōu)先股的總括術(shù)語，Venturecapitalisintendedforhigherriskssuchasstart-upsituationsanddevelopmentcapitalformorematureinvestments.風險資本用于像新建公司的高風險投資和更加成熟的開發(fā)資本投資。〔本句有問題〕Therearealsocertainlargeindustrialcompanieswhichhavefundsavailabletoinvestingrowingbusinessesandthis'corporateventuring'isanadditionalsourceofequityfinance.也有一些大型工業(yè)公司有基金可用于投資成長型公司，這類公司風險投資是股權(quán)融資的另一個根源。Grants政府撥款Government,localauthoritiesandlocaldevelopmentagenciesarethemajorsourcesofgrants(政府撥款).政府、地方當局和地方展開機構(gòu)是政府撥款的主要根源。Grantsarenormallymadetofacilitatethepurchaseofassetsandeitherthegenerationofjobsorthetrainingofemployees.政府撥款往常用于幫助購買財產(chǎn)、為某代人供給就業(yè)崗位或培訓職工。InvoiceDiscounting發(fā)票貼現(xiàn)Financecanberaisedagainstdebtsduefromcustomersviainvoicediscounting,thusimprovingcashflow.資本能夠經(jīng)過對客戶所負債務(wù)進行發(fā)票貼現(xiàn)籌集，進而改良現(xiàn)金流。Debtorsareusedastheprimesecurityforthelenderandtheborrowermayobtainuptoabout80percentofapproveddebts.債務(wù)人是放款人的主要抵押品〔primesecurity翻禁止〕，借錢人可能獲取高達80%的批準債務(wù)。HirePurchaseandLeasing分期付款購買和租借..適用文檔.Hirepurchase(分期付款購貨信貸)agreementsandleasing(租借)providefinancefortheacquisitionofspecificassetssuchascars,equipmentandmachineryinvolvingadepositandrepaymentsover,typically,threetotenyears.租購〔分期付款購貨信貸〕協(xié)講和租借為獲取諸如汽車、設(shè)施和機械等特定財產(chǎn)籌備資本，包含定金和典型的三到十年的還款。Loans貸款Mediumtermloans(uptosevenyears)andlongtermloans(includingcommercialmortgages)areprovidedforspecificpurposessuchasacquiringanasset,businessorshares.中期貸款〔多達七年〕和長久貸款〔包含商業(yè)抵押貸款〕為諸如財產(chǎn)收買、公司收買或股票收買等特定目的而供給。Theloanisnormallysecuredontheassetorassetsandtheinterestratemaybevariableorfixed.貸款往常用一項財產(chǎn)或多項財產(chǎn)擔保，利息可能是浮動的或改動的。BankOverdraft銀行透支Anoverdraftisanagreedsumbywhichacustomercanoverdrawtheircurrentaccount.透支是一個商定的金額，在此額度內(nèi)，客戶能夠透支他們的現(xiàn)金賬戶。Itisnormallysecuredoncurrentassets,repayableondemandandusedforshorttermworkingcapitalfluctuations.它往常是以流動財產(chǎn)擔保，立刻付款，用于應(yīng)付短期運營資本顛簸。Theinterestcostisnormallyvariableandlinkedtothebankbaserate.利息花費往常是浮動的，與銀行根本利率相聯(lián)系。CompletingtheFinance-raising達成資本籌集Raisingfinanceisoftenacomplexprocess.融資往常是一個復雜的過程。Businessmanagementneedstoassessseveralalternativesandthennegotiatetermswhichareacceptabletothefinanceprovider.公司管理層需要評估幾種方案，而后磋商哪些條款金融供給者能夠接受。Themainnegotiatingpointsareoftenasfollows:主要的談判點往常以下: