Now, Words and Their Stories, a VOA Special English program about American expressions. I'm Rich Kleinfeldt with some financial words and expressions used in business and the stock market.
Our first expression is "in the red." It is another way of saying that a business is losing money. In the past, numbers in the financial records of a company were written in red ink to show a loss.
A business magazine recently published a report about a television company. The report said the company was still in the red, but was able to cut its loss from the year before.
A profit by a business is written in black numbers. So a company that is "in the black" is making money. An international news service reported that a private health insurer in Australia announced it was "back in the black with its first profit in three years."
Another financial expression is "run on the bank." That is what happens when many people try to withdraw all their money from a bank. A "run on the bank" usually happens when people believe there is danger a bank may fail or close.
Newspaper reports about a banking crisis in Russia used that expression. They said the government acted because of fears that the crisis would cause a run on the banks.
"When a run on the banks was starting, there was not much they could do," said a banking expert.
"Day trading" is a new expression about a system that lets investors trade directly on an electronic market system. The system is known as NASDAQ, short for The National Association of Securities Dealers Automated Quotation. It was the first completely computerized stock market. It sells stocks of companies not listed on any stock exchange. Many high technology companies are listed on it.
Day trading companies provide a desk and a computer system to an investor who wants to trade. Individuals must provide fifty thousand dollars or more to the trading company to pay for the stocks they buy. Thousands of other investors do day trading from computers in their homes.
A day trader watches stock prices carefully. When he sees a stock rise in price, he uses the computer to buy shares of the stock. If the stock continues to rise in price in the next few minutes, the day trader sells the shares quickly to make a small profit. Then he looks for another stock to buy. If a stock goes down instead of up, he sells it and accepts the loss.
The idea is to make a small profit many times during the day. Day traders may buy and sell stocks hundreds of times each day.
Many day traders lose all their money in a week or so. Only about thirty percent succeed in earning enough from their efforts to continue day trading.
This VOA Special English program, Words and Their Stories, was written by Frank Beardsley. This is Rich Kleinfeldt.
1.insurer n.保险公司, 保险人, 承保方
He submitted a claim to the insurer.
He withdrew his horse from the race.
3.list vt. 列出, 列于表上, 记入名单内
listed security and unlisted security
1.The report said the company was still in the red, but was able to cut its loss from the year before.
in the red 负债，亏损；赤字
The enterprise which has been operating in the red has decided to swith to other production.
The theatre is ￡500,000 in the red.
2.So a company that is "in the black" is making money.
in the black 赢利；有盈余；有偿付能力的，不负债的
Remington's operations in Japan are now in the black.
Until his finances are in the black I don't want to get married.
第一个短语是in the red（亏损、赤字），是表示公司赔本的另一个说法。过去，公司财政数据用红墨水表示公司亏损 。
企业盈利是用黑色数字书写的，所以in the black（盈利，盈余）表示公司正盈利。一家国际新闻机构报道说，澳大利亚一家私人医疗保险公司宣称三年来首次盈利 。
另一个短语是run on the bank（银行挤兑），如果许多人都想从银行提走自己的所有存款，就会发生挤兑现象。如果人们觉得银行有倒闭或关门的危险，挤兑就会发生了 。
Day trading（日交易）是一种交易系统，该系统可使投资者通过电子市场系统直接交易。这个系统就是NASDAQ（纳斯达克），是全美证券商协会自动报价系统的缩写，是第一个完全电子化的股票市场，出售不在任何股票交易所上市的公司股票，许多高科技企业名列其中 。
日交易者严密关注股价，一旦看到一只股票价格上涨，他就用电脑购买这只股票的股份。如果几分钟内股价继续上涨，日交易者就很快出售股份，获得一小笔收益 。然后再去寻找下一只值得购买的股票，如果价格不涨反降，他就出售股份，接受亏损这个事实 。