1. Merger & Acquisition: From wiki

 Merger Acquisition
The phrase mergers and acquisitions (abbreviated M&A) refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling and combining of different companies that can aid, finance, or help a growing company.  When one company takes over another and clearly establishes itself as the new owner. From a legal point of view, the target company ceases to exist, the buyer "swallows" the business and the buyer's stock continues to be traded.

 

 

 

 

 

 

 

 

2. Commercial paper (CP) 流通票據,商業票據

 

3. Junk Bond 劣等債券:

垃圾債券（又稱劣等債券)，指信用評級甚低的企業所發行的債券。

一般而言，BB級或以下的信用評級屬於低。信用評級低的企業所發

行的債券的投資風險較高，因此，須以較高的息率吸引投資者認購。

以標準普爾(Standard& Poors)的信用評級計，投資於BB級、B級、

CCC級、CC級或C級的債項或發行人，具有一定的投機性，而在不穩

定的情況下，即使發行人或公司為投資者提供了一些保障，有關保障

的作用也會被抵銷。質素最低之債券，即標準普爾評級BBB及以下，

或穆迪投資的BBB及以下，所獲評級一般較低及不能履行償還本金之風

險較高。在baA或BBB以下的債券，是屬於違約風險較高的投機級債券。

 

4. Securitization 證券化: 

http://wiki.mbalib.com/zh-tw/securitize

Converting bank assets into marketable securities.

 

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