extension n. 1.伸长,伸展,延长,延伸,扩展,扩大;广度,范围。 2.延期;〔美国〕(房屋的)增建部分,(铁路等的)延长线,(电话的)分机;增设部分;附加物。 3.(语句等的)铺张。 4.【物理学】广延性。 5.【军事】延伸。 6.【医学】牵伸术;伸直;(病变)蔓延,扩展。 7.【商业】延期还债认可书。 8.【逻辑学】外延(opp. intension); 【数学】开拓;广延性。 9.会计从另一栏转来或算出的金额。 an extension of a loan 借款的延期偿还。 a university extension 大学的附设部分(如函授班、夜校等)。
risk n. 1.风险,危险;冒险。 2.【保险】(损失的)风险(率);保险金额;被保险人,被保险物。 at all risks=at any [whatever] risk 无论冒什么危险,一定,无论如何。 at one's own risk 对可能发生的后果自己负责,自担风险。 at owner's[buyer's] risk 由所有人[购买者]负责。 at the risk of 冒着…的危险。 run risks [a risk] 冒险;run [take] the risk of 冒…的危险。 take a risk [risks] 冒险;【保险】承保…的险。 take no risks 慎重行事。 vt. 冒…的危险;拼着,赌着(性命);好歹试试看,冒险去干。 risk a battle 冒险一战。 risk one's fortune [life] 拼着财产〔性命〕。 risk the jump 大着胆子跳跳看。 risk sb.'s anger 冒着某人可能会生气的风险;抱着受某人责备的决心试试看。 risk it 豁出去。
This section begins with the analysis of the cash flow of the two most elementary products - mortgage pass through securities ( mpt ) and collateralized mortgage obligations ( cmo ) , and describes the difference between the function mechanism and the ability of resisting risk . then , based on the above analysis , this article tries to invent an new cmo product which goes by the name of adjustable amortization mortgage ( aam ) and can effectively counteract the extension risk when interest rate goes up . at the same time , this article also indicate some problem which should pay special attention to in practical application and put forward some corresponding market promotion strategy 本章首先通过对两种最基本的抵押证券? ?抵押贷款传递证券( mpt )和抵押担保证券( cmo )现金流量变化的分析,研究其运行机制和防御风险的功能差异,接着在以上分析的基础上,文章尝试提出了一种能够有效化解利率上升环境中延期风险的新型证券品种? ?可调整分期付款额的抵押担保证券( adjustableamortizationmortgage ,简称为aam )的设想,但同时也指出了这种抵押担保证券在实际应用中应该特别注意之处,并提出了相应的市场推广策略。