derivative

简明释义

英[dɪˈrɪvətɪv]美[dɪˈrɪvətɪv]

n. 派生物，衍生物；派生词；（金融）衍生工具（产品）；导数，微商

adj. 非独创的，模仿他人的；（金融产品）衍生的

复 数 d e r i v a t i v e s

比 较 级 m o r e d e r i v a t i v e

最 高 级 m o s t d e r i v a t i v e

英英释义

单词用法

同义词

反义词

例句

1.So we get rid of this derivative of g.

所以我们就消掉了G的微分。

2.Of what a derivative is.

“导数”又是什么？

3.Derivative works are far more complicated.

派生作品更加复杂。

4.Please attribute to the distributor of your copy or derivative.

请将你的副本和衍生物归属于分发者。

5.The second derivative, they say, is turning positive.

他们说二阶导数转为正值了。

6.And all we did, further, is take that second derivative.

总而言之，我们所做的就是求二阶导数。

7.Many modern drugs are derivative compounds that are based on natural substances.

许多现代药物是基于天然物质的衍生物化合物。

8.The mathematician explained how the derivative of a function represents its rate of change.

数学家解释了如何通过一个函数的导数来表示其变化率。

9.The artist's latest work is a derivative piece inspired by classical paintings.

艺术家最新的作品是一幅受古典画作启发的衍生作品。

10.In finance, a stock option is a type of derivative that derives its value from an underlying asset.

在金融领域，股票期权是一种衍生品，其价值来源于基础资产。

11.In calculus, finding the derivative helps in determining the slope of a curve at any given point.

在微积分中，求取导数有助于确定曲线在任何给定点的斜率。

作文

In the world of finance and investment, the term derivative refers to a financial instrument whose value is derived from an underlying asset, index, or rate. Derivatives are commonly used for hedging risk or for speculation purposes. They can take various forms, including options, futures, and swaps. Understanding the concept of derivative is crucial for anyone looking to navigate the complexities of modern financial markets.One of the most common types of derivative is the option. An option gives the holder the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified time frame. This flexibility allows investors to hedge against potential losses in their portfolios or to speculate on price movements without having to invest directly in the underlying asset. For instance, a trader might purchase a call option for a stock they believe will increase in value. If the stock does rise, the trader can exercise the option to buy the stock at the lower, agreed-upon price, thus profiting from the difference.Futures contracts are another popular form of derivative. Unlike options, futures obligate the buyer to purchase, and the seller to sell, an asset at a predetermined future date and price. Futures are often used by producers and consumers of commodities to lock in prices and manage the risk of price fluctuations. For example, a farmer may sell a futures contract for corn to secure a price before the harvest, protecting themselves from potential drops in market prices.Swaps are also considered derivatives, and they involve the exchange of cash flows between two parties based on different financial instruments. The most common type of swap is the interest rate swap, where two parties exchange interest payments on a specified principal amount. This can help companies manage their interest rate exposure, allowing them to benefit from favorable rates while mitigating risks associated with fluctuating interest rates.While derivatives can be powerful tools for managing risk and enhancing returns, they also come with significant risks. The complexity of these instruments can lead to misunderstandings and mismanagement, potentially resulting in substantial financial losses. The 2008 financial crisis highlighted the dangers associated with certain types of derivatives, particularly those tied to mortgage-backed securities. This event underscored the importance of understanding the underlying assets and the potential risks involved in trading derivatives.In conclusion, the term derivative encompasses a range of financial instruments that derive their value from underlying assets. Whether through options, futures, or swaps, derivatives provide investors with opportunities to hedge risks and speculate on market movements. However, the inherent risks associated with these instruments necessitate a thorough understanding of their mechanics and the underlying assets involved. As the financial landscape continues to evolve, the role of derivatives will remain significant, making it essential for investors to grasp this concept fully to make informed decisions.

在金融和投资的世界中，术语衍生品指的是其价值来源于基础资产、指数或利率的金融工具。衍生品通常用于对冲风险或投机目的。它们可以采取多种形式，包括期权、期货和掉期。理解衍生品的概念对于任何想要驾驭现代金融市场复杂性的人来说都是至关重要的。最常见的衍生品类型之一是期权。期权赋予持有人在特定时间内以预定价格买入或卖出资产的权利，但没有义务。这种灵活性使投资者能够对冲投资组合中的潜在损失，或在不直接投资于基础资产的情况下进行价格变动的投机。例如，交易者可能会购买他们相信会升值的股票的看涨期权。如果股票确实上涨，交易者可以行使期权以较低的约定价格购买股票，从而从差价中获利。期货合约是另一种流行的衍生品。与期权不同，期货要求买方在未来的特定日期和价格购买资产，而卖方则必须出售资产。期货通常被商品的生产者和消费者用来锁定价格并管理价格波动的风险。例如，一位农民可能会出售玉米的期货合约，以在收获前确保价格，从而保护自己免受市场价格下跌的影响。掉期也是被认为是衍生品，它涉及两方之间基于不同金融工具的现金流交换。最常见的掉期类型是利率掉期，其中两方交换在特定本金金额上的利息支付。这可以帮助公司管理其利率风险，使他们能够从有利的利率中受益，同时减轻与利率波动相关的风险。虽然衍生品可以成为管理风险和增强收益的强大工具，但它们也伴随着显著的风险。这些工具的复杂性可能导致误解和管理不善，可能导致巨大的财务损失。2008年的金融危机突显了某些类型的衍生品（特别是与抵押贷款支持证券相关的那些）的危险。这一事件强调了理解基础资产及其交易中潜在风险的重要性。总之，术语衍生品涵盖了一系列其价值来源于基础资产的金融工具。通过期权、期货或掉期，衍生品为投资者提供了对冲风险和对市场波动进行投机的机会。然而，与这些工具相关的固有风险需要对其机制和相关基础资产有透彻的理解。随着金融格局的不断演变，衍生品的作用将继续显著，因此投资者必须充分掌握这一概念，以做出明智的决策。