accounts payable (UK creditors): cuentas a pagar, acreedores varios

accounts receivable (UK debtors): cuentas por cobrar

amortization: amortizacin. Amortization recognizes the gradual using up of the intangible assets.
assets (en la hoja de balance): activos
balance sheet (statement of financial condition/position): hoja de balance. A balance sheet is a
snapshot of the accounting records of assets, liabilities and capital of a business at a particular
moment, typically the accounting year end. Assets = Liabilities + Equity.
bear: bajista (aplicado a individuos, grupos o mercados)
blue chip: inversin slida, (compana) de primera categora, etc. A company known for its ability
to generate profit through bad times as well as good.
bonds: bonos
bull: alcista (aplicado a individuos, grupos o mercados)
cash flow: flujo de fondos, flujo de caja, cash flow. Conjunto de movimientos de caja que se
produce en un determinado perodo. Son las operaciones que se efectan para cumplir con las
obligaciones y pagar los gastos incurridos.
cash-flow statement: estado de origen y aplicacin de fondos
cost of sales: costo de mercaderas vendidas
credit rating: calificacin crediticia
current assets/liabilities: activos/pasivos a corto plazo (usables en menos de un ao)
debt securities: ttulos de deuda/de renta fija
depreciation: depreciacin. Depreciation represents the wearing out of tangible assets in a period.
dividend yield: rendimiento de una accin. The dividend yield represents the annual percent return
that the dividend provides to the investor. It is calculated by dividing the annual cash dividend per
share by the price of the stock.
equity securities: ttulos de renta variable
face value: valor nominal. Face value is the nominal dollar amount assigned to a security by the
issuer. For a debt security, face value is the amount repaid (principal) to the investor when the bond
matures.
financial statements: estados financieros/contables
fundamental analysis: anlisis fundamental. Attempts to find the actual value of a stock i.e., its
ability to generate future cash flows to make investment decisions. Fundamental analysis

emphasizes forecasts of company's earnings and revenue growth rates, valuation ratios like price to
earnings, and financial ratios like profit margins.
futures contract: contrato de futuros
goodwill: fondo de comercio. Corresponde al valor inmaterial de la misma, derivado de factores
como la clientela, la eficiencia, la organizacin, el crdito, el prestigio, la experiencia etc.
gross income: ganancias brutas
growth stock: accin con posibilidades de crecimiento. Su empresa no suele pagar dividendos.
hedge fund: fondo de cobertura, fondo de alto riesgo
income statement: estado de resultados, estado de prdidas y ganancias
initial public offering (IPO): para salir a bolsa
leverage: apalancamiento, efecto palanca, efecto de potenciacin
liabilities (en la hoja de balance): pasivos
long-term assets/liabilities: activos/pasivos a largo plazo (usables en ms de un ao)
long/short position: posicin larga/corta
maturity: vencimiento
mutual funds: fondo comn de inversin (abierto o cerrado)
obligations: obligaciones
operating expenses: gastos operativos. Todo gasto que no derive de la venta (administrativos, etc).
price/earnings ratio (P/E): relacin precio/gananacia (PER). Cantidad de aos que deben transcurrir
para recuperar la inversin.
profitability: rentabilidad
short selling: venta en descubierto
stockholders' equity (net worth, en la hoja de balance): patrimonio, activo neto
T-bills: letras del tesoro
technical analysis (chartism): anlisis grfico (chartismo)
value stock: A share in a company whose price appears cheap compared with the value of its assets
or the size of its earnings and with the averages for the stock market as a whole. The dividends paid
are high in relation to their share prices, giving their shares a high yield but low price/earnings ratio.