illiquidity

简明释义

英[ˌɪlɪˈkwɪdɪti]美[ˌɪlɪˈkwɪdətɪ]

n. （金融）非流动性；非现金的；不能立即付现

英英释义

单词用法

同义词

反义词

例句

1.This market illiquidity, and the prospect of further liquidity risk, scared investors and prices dropped, especially for illiquid assets with high margins.

市场流动性降低以及更大的市场流动性风险预期令投资者恐慌，资产价格下降，尤其使流动性资产保证金大幅增加。

2.The latest valuation is based on just 12 share sales between employees over the last two months, highlighting the illiquidity of the closed markets on which its shares trade.

最新的评估依据是过去的两个月中员工之间的12次股份交易，同时也凸显了该公司股票在封闭的交易市场上的流动性不足。

3.In truth, Greece's debt problem is one of insolvency, not illiquidity-and insolvency cannot be rectified by piling on more debt, however shocking and awesome the amount.

事实上，希腊的债务问题是一个无偿还能力的问题，而不是一个没有流动性的问题——而无偿还能力的问题不是通过增加更多的债务可以解决的，无论债务的数量多么惊人，多么令人敬畏也无济于事。

4.The illiquidity of the CDS market means it can be prone to misinterpretation.

信用违约调期市场的相对流动性欠缺可能使其遭致很多误读。

5.And illiquidity is a symptom of concerns about solvency.

而且非流动性是对偿还能力担心的一个特征。

6.I don't have any foreign bond funds myself; I was turned off long ago by their risk and illiquidity.

我自己没有持有任何外国债券基金；我很早以前对它们的风险和缺乏流动性敬而远之。

7.Bear's demise also shows how the boundary between illiquidity and insolvency is fast dissolving.

贝尔斯登的转让同样也说明了，非流动性和破产之间的界限在迅速的消融。

8.During financial crises, illiquidity 流动性不足 can lead to significant losses for investors.

在金融危机期间，illiquidity 流动性不足可能导致投资者遭受重大损失。

9.The illiquidity 流动性不足 of the real estate market can make it difficult to sell properties quickly.

房地产市场的illiquidity 流动性不足可能使得快速出售物业变得困难。

10.Hedge funds may experience illiquidity 流动性不足 issues if they invest in illiquid securities.

如果对流动性差的证券进行投资，对冲基金可能会遇到illiquidity 流动性不足的问题。

11.Investors are often concerned about the illiquidity 流动性不足 of certain assets during market downturns.

投资者通常担心在市场下跌期间某些资产的illiquidity 流动性不足。

12.Many startups face challenges due to the illiquidity 流动性不足 of their equity.

许多初创企业因其股权的illiquidity 流动性不足而面临挑战。

作文

In the world of finance and investment, understanding various terms is crucial for making informed decisions. One such term that often comes up in discussions about market conditions and asset management is illiquidity. Illiquidity refers to the state of an asset that cannot be easily sold or exchanged for cash without a substantial loss in value. This condition poses significant challenges for investors and can affect their overall financial strategy.To better understand illiquidity, it is important to consider the characteristics of liquid versus illiquid assets. Liquid assets are those that can be quickly converted into cash, such as stocks, bonds, and cash itself. These assets typically have a high trading volume and a ready market, allowing investors to buy and sell them with minimal delay and at stable prices. On the other hand, illiquid assets, such as real estate, collectibles, or private equity investments, do not have a readily available market. As a result, they may take longer to sell, and their selling price can vary significantly depending on market conditions.The implications of illiquidity can be profound. For example, during times of economic uncertainty or market downturns, illiquid assets can become even more challenging to sell. Investors may find themselves in a position where they need to liquidate their assets quickly to meet financial obligations, but the lack of buyers can lead to forced sales at unfavorable prices. This situation can exacerbate financial difficulties and lead to significant losses.Moreover, illiquidity can also affect investment strategies. Investors who hold a large portion of illiquid assets may face difficulties in reallocating their portfolios in response to changing market conditions. For instance, if an investor wants to shift their focus from real estate to stocks, the inability to sell their illiquid properties quickly could hinder their ability to capitalize on favorable stock market opportunities.Despite the challenges posed by illiquidity, some investors deliberately seek out illiquid assets as part of their strategy. The rationale behind this approach is that illiquid assets often come with higher potential returns compared to their liquid counterparts. For instance, investing in a startup or a piece of art may be risky and require a long-term commitment, but the potential for substantial appreciation in value can be appealing. Therefore, while illiquidity presents risks, it can also offer opportunities for those willing to navigate the complexities of these assets.In conclusion, illiquidity is a critical concept in finance that highlights the challenges associated with buying and selling assets. Understanding the nature of illiquid assets and their impact on investment strategies is essential for investors looking to optimize their portfolios. While illiquidity can pose risks, it can also provide unique investment opportunities for those who are prepared to manage them effectively. By carefully considering the balance between liquid and illiquid assets, investors can make more informed decisions and enhance their overall financial health.

在金融和投资的世界中，理解各种术语对于做出明智的决策至关重要。其中一个常常在关于市场条件和资产管理的讨论中出现的术语是流动性不足。流动性不足指的是一种资产无法轻易出售或兑换成现金而不大幅损失价值的状态。这种情况对投资者构成重大挑战，并可能影响他们的整体财务战略。为了更好地理解流动性不足，重要的是考虑流动资产与非流动资产的特征。流动资产是指那些可以迅速转换为现金的资产，例如股票、债券和现金本身。这些资产通常具有高交易量和现成的市场，使投资者能够以最小的延迟和稳定的价格买卖它们。另一方面，流动性不足的资产，例如房地产、收藏品或私募股权投资，通常没有现成的市场。因此，它们可能需要更长的时间才能出售，并且其出售价格可能会根据市场条件显著变化。流动性不足的影响可能是深远的。例如，在经济不确定或市场下跌期间，流动性不足的资产可能变得更难出售。投资者可能发现自己需要快速变现资产以满足财务义务，但买家的缺乏可能导致被迫以不利价格出售。这种情况可能加剧财务困难并导致重大损失。此外，流动性不足还可能影响投资策略。持有大量流动性不足资产的投资者可能在响应市场条件变化时面临困难。例如，如果投资者想将重点从房地产转向股票，那么无法快速出售他们的流动性不足物业可能会妨碍他们利用有利的股市机会。尽管流动性不足带来了挑战，但一些投资者故意寻求将流动性不足资产作为其策略的一部分。这种做法背后的理由是，流动性不足的资产通常比其流动对应物带来更高的潜在回报。例如，投资初创企业或一件艺术品可能风险较大并需要长期承诺，但其潜在的价值大幅增值可能具有吸引力。因此，虽然流动性不足带来了风险，但对于那些愿意驾驭这些资产复杂性的人来说，也可以提供机会。总之，流动性不足是金融中的一个关键概念，突出了购买和出售资产相关的挑战。理解流动性不足资产的性质及其对投资策略的影响对希望优化其投资组合的投资者至关重要。虽然流动性不足可能带来风险，但对于那些准备有效管理这些风险的人来说，它也可以提供独特的投资机会。通过仔细考虑流动资产与流动性不足资产之间的平衡，投资者可以做出更明智的决策，并增强他们的整体财务健康。