ECONOMICS ABBREVIATIONS DICTIONARY

서승종

저자:서승종
작가는건설엔지니어이다.전라남도장흥에서출생하였다.한양대학교건축공학과를졸업하고,동대학원에서건설관리학으로석사학위를취득하였다.현대건설에입사하여국내외건설업무를수행하였다.30여년간건설업무를수행한이후데이터센터를구축하는다우기술에입사하였다.현재데이터센터구축사업을총괄하는사업단장으로재직중이다.저서로는<건설영어약어사전><정리합시다>가있다.

CONTENTS

Part1EconomicsandFinance 7
Part2BusinessAdministration 171
Part3InternationalTrade 215

Index 281

책속에서

CMA(CashManagementAccount)
CMAisacomprehensivefinancialaccountthatcombinescashmanagementandassetinvestmentfeatures,offeredmainlybybanksandbrokeragefirms.Beyondsimplyholdingcash,itintegratesserviceslikedeposits,interestearnings,andinvestmentmanagement,enhancingliquidityandfacilitatingefficientshort-termassetmanagementforindividualsandbusinesses.CMAsalloweasycashdepositsandwithdrawals,aidingineffectivefundmanagement.Likeabankaccount,theymaypayinterestondepositedfunds,andsomeCMAsofferhigherratesthroughinvestment-linkedoptions.Additionally,CMAsareoftenlinkedwithbrokerageaccounts,enablingconvenientaccesstoinvestmentsinassetslikestocksandbonds.

CMO(CollateralizedMortgageObligation)
CMOisaderivativefinancialproductbackedbyapoolofmortgageloans,specificallyresidentialmortgages.Theseloansarebundledandsecuritized,thendividedintomultipletranches,eachofferingdistinctlevelsofriskandreturn,allowinginvestorstochoosebasedontheirrisktolerance.CMOsdistributetheprincipalandinterestpaymentsfromtheunderlyingmortgagesamonginvestorsaccordingtotranchepriority.Highertranchesprovidemorestablecashflows,whilelowertranchescarryhigherriskbutofferthepotentialforhigherreturns.Bysecuritizingmortgages,CMOshelpfinancialinstitutionsrecoverfundsforreinvestment,whileofferinginvestorsoptionsforriskmanagementandportfoliodiversification.However,CMOvaluesaresensitivetofactorslikeinterestratechanges,housingmarketinstability,andborrowerdefaults.Duringthe2008financialcrisis,CMOslinkedtosubprimemortgagessufferedsignificantlosses.