查询词典 fair market value

A dissentient shareholder of a Cayman constituent company is entitled to payment of the fair value of his shares upon dissenting to a merger or consolidation unless an open market on a recognised stock exchange or interdealer quotation system exists for the shares at the end of the dissent period, and the merger or consolidation consideration consists of shares of the surviving or consolidated company or depository receipts in respect thereof, shares or depository receipts of any other company which are listed on a national securities exchange or designated as a national market system security on a recognised interdealer quotation system or held of record by more than 2000 holders on the effective date of the merger or consolidation, cash in lieu of fractional shares or depository receipts.

一家开曼成员公司中的持异议股东，其在对一项合并或整合作出反对后，可有权获得支付其股份的公平价值，除非（1）在异议期的期末，存在有关该等股份的认可证券交易所公开市场或是交易商同业报价系统，及（2）该等合并或整合的对价乃包含该留存公司或整合公司的股份或其预托证券；于一个全国性证券交易所上市或是在一个认可交易商同报价系统中被指明为乃全国市场系统证券，或是于合并或整合的生效日期由超过2000名有记录可查的持有人持有的任何其他公司股份或预托证券；代替零星股份的现金或预托证券。

In the period that we transform to market economy by planned economy, the fair sex that competes to realize the market very as far as possible and sufficient sex, not only what should value market system is perfect, and the construction that should value blame market system.

在我们由计划经济向市场经济转变的时期，为了尽可能好地实现市场竞争的公平性和充分性，不但要重视市场制度的完善，而且要重视非市场制度的建设。

Historical cost, current market value, current cost, netrealizable value and present value of future cash flow are concretive expressive forms of fair value.

历史成本、现行市价、现行成本、可变现净值和未来现金流量的现值等，都是公允价值的具体表现形式。

The market should spend a good portion of its time trading below fair value, to match the time it spends trading above fair value,' Mr. Inker adds.

印克还说，市场应该有相当长的时间是交易价格低于合理价值，以便和高于合理价值的时间相称。

You'll want to do a little explaining about how you've been at the organization a long time and while you're not looking to leave based solely on salary, you would expect to be paid fair market value when you make a move, says Ray Skiba, director of human resources for Streck Inc.

位于内布拉斯加州奥马哈的斯特克医疗器械公司人力资源部门主管瑞·斯科巴说：你可以解释自己在原来公司的呆了这么久，没有只因为收入而辞职。

The repurchase option shall provide that upon termination of the employment of the shareholder, with or without cause, the Company retains the option to repurchase at the lower of cost or the current fair market value any unvested shares held by such shareholder.

由创始人小学校 XXX 和 YYY 持有的已发行流通的普通股也要遵从类似的兑条款：创始人在交割时可以兑现其股份的25%，其余股份在其后3年内按月兑现。

Regarding the "transformation of subsidies" during the privation of SOEs, the practice of DSB reveals that only under the circumstance that the transfer of the equity of SOEs is based on the fair market value, then subsidies received by SOEs can be countervailed.

至于国有企业私有化过程中的&补贴转移&问题，WTO相关的争端解决实践表明，只有当国企产权转让是依据公平市场价格完成的，私有化之前所接受的补贴才能被加以消除。

Therefore, according to the fair principle, compensation for requisitioned land should include market value, social security value and the correlation subsidy .

因此，根据公平原则，征地补偿费应当包括农地的市场价值、农地的社会保障价值及相关补助金。

Chapter one of this text has recommended the foreign insurance to apply financial economy to the products pricing method of insurance company, but these methods have not explained how to determine the fair premium of the multiple-line insurance company .In order to solve many business line insurance company pricing problem, chapter two introduce an very important model in insurance company capital allocation field - MR capital allocation model, through deriving capital allocation formula and simulation analysis indicate MR model allocate multiple- line insurance company capital scientifically. In order to apply MR model to non-life insurance pricing, chapter three will extend MR model to introduce loss 3 and layer P . Since the premise of MR model is a certain market price of loss, the chapter four will use the risk-neutral probability transformation technique to get the market value of loss. Under lognormal distribution, we will use location parameter shift and proportional PH transformation to illuminate the technique. The final chapter combines the prior sections result to deduce out the fair premium formula, and apply it to price the catastrophe insurance.

本文的第一章介绍了国外保险业将财务经济学应用到保险公司产品定价的方法，但是这些方法都没有说明如何确定多业务线保险公司的公平保费；为了解决多业务线保险公司定价问题，第二章引入保险公司资本配置领域非常重要的一个模型—MR资本配置模型，通过推导资本配置公式及模拟分析表明MR模型科学地配置了多业务线公司的资本；为了将MR模型应用到非寿险公司的定价中去第三章扩展了MR模型，引入了损失β和层β的概念：由于MR模型的前提条件是有一个确定的损失市场价值，第四章利用风险中性转化方法获得损失的市场价值，在损失为对数正态分布的条件下，通过位置参数转化和比例危险转化方法给出了实例说明；第五章结合前几章的结果给出非寿险公司公平保费的定价公式，并运用它给出了巨灾保险价格的模拟分析。

At that time, due to an immature market factors, the lack of active market, fair value is often difficult to obtain, leading enterprises in the use of these accounting criteria There is a certain arbitrariness, and thus left to the fair value of the abuse of loopholes, a profit of manipulation "Therefore, the new guidelines on the new system and operational matters dealing with the economy as much as possible by avoiding the 'fair value' pricing, according to the book value recorded." 2006 promulgated by the new accounting standards clearly require the use of fair-value model, this is not only the application of fair value measurement of financial instruments from the non-financial tools to the change, as well as for the application of fair value of a turning point - by the controversy "is used" to the "How a" turning point.

原因是由于当时要素市场不成熟，缺乏活跃的市场，公允价值往往难以获得，导致企业在运用这些会计准则时存在一定的随意性，从而也给滥用公允价值留下空子，出现人为操纵利润的情况，&因此，新准则和新制度对有关经济业务事项的处理尽可能地回避了按'公允价值'计价，而改按账面价值入账&。2006 年新颁布的会计准则明确要求采用公允价值模式，这不仅是公允价值计量的应用由金融工具向非金融工具的转变，也是对我国公允价值应用的一个转折点——由争论&是否采用&到&如何采用&的转折点。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。