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股票贴水 - Gupiao tieshui
参见: 优先股, Preference Share, Par Value
指股票的市场价值低于票面价值的部分。股票的面值或名义价值是指股票首次卖出或发行时人为设定的一个数字。这个数字通常并不太重要，因为股票的交易价格往往高于其面值。然而，股票贴水对优先股却很重要，因为优先股是根据面值来支付固定股息的。
Share Discount
See also: Share
The amount by which the market value of shares drops below par value. The par or nominal value of a share is an arbitrary figure which is set when a share is first sold or issued. It usually has little or no significance because shares usually trade far above par value. However, a share discount to par value can be significant for preference shares, which pay fixed dividends based on par value.
