最大可能损失

VaR的全称是ValueAtRisk，意为处于风险中的价值，被定义为在正常的市场波动情况下，在一定的置信水平下，投资组合在未来某一个特定时期内的最大可能损失。

Value at Risk ( VaR ), which means " the value at risk ", is defined as the maximum possible loss that a portfolio will lose under normal market fluctuations , with a given confidence level , over a certain time horizon .

VaR（ValueatRist），也称在险价值，通过衡量在一定概率水平（置信度）下，资产价值在未来特定时期内的最大可能损失来确定资产的在险价值。

VaR ( Value at Rist ), also called Value at risk , measuring the the maximum possible loss of assets in a probability of a certain level ( confidence level ) and a specific period of time .

而这一点恰好符合VaR值在估算正常情况下最大可能损失金额的特性。

This is exactly in line with estimates VaR value in normal circumstances the greatest possible amount of the loss .

这种模型反映了投资者对于证券组合的期望收益率要求达到某一值，同时要求在一定置信度下，证券组合潜在的最大可能损失不超过VaR。

This model reflected that expected return ( rate ) of portfolio attain some a value , meanwhile we request the highest possible loss ( should ) be ensured not to exceed VaR.

在险价值（VaR）的出现使得金融资产组合在一定时期内最大可能损失的定量化成为可能，到目前，在险价值已成为金融风险管理系统的奠基石。

The emergence of Value at Risk ( VaR ) enables us to quantify the maximum loss of financial portfolios in certain period . And it has become the fundation of financial risk measurement system up to now .

VaR是一种衡量和管理金融市场风险的有效方法，其优点便是能够把投资风险描述为一个显性函数并导出形象数据，即最大可能损失，这是传统的度量工具所望尘莫及的。

VaR is an effective way to measure the financial market risk and have the advantage that the investment risk can be described as a dominant function and export the image data on the maximum possible loss , which is incomparable by the traditional methods .

所谓适当说明，是指经纪-交易商要以投资者能够理解的方式向投资者说明最大可能的损失。

Appropriate introduction means that the broker-dealer should introduce the possible loss in the way which can be understood by the investor well .

墨非定律：如果坏事有可能发生，不管这种可能性多么小，它总会发生，并引起最大可能的损失。

The law of MoFei : if it was possible to occur the bad thin , although this possibility is so small , it would happen in future and cause the extremely loss .

由于吸取了1995年那场灾难的教训，日本政府和保险公司在积极鼓励各家企业（哪怕是一些小企业）拟定详细的商业应急方案，旨在尽最大可能降低损失，并帮助它们迅速恢复。

Learning from the lessons of that disaster , the government and insurance companies have been actively encouraging even smaller companies to draw up detailed business continuity plans intended to minimise losses and aid quick recoveries .

介绍了海难的救助过程中快捷、有效、安全的施救方法，尽最大可能减少海难的损失。

The paper provides several rapid , valid and safe methods of salvage operation , and in order to reduce damage to a minimum .