金融英语阅读：债券

时间：2007-04-09 00:05:17

（单词翻译:单击）

Corporations can achieve short term financing through a bills facility, however for long term financing the best method is for them to issue a bond in their own name. The government, whether on a state or provincial1 level issues bonds to finance large construction and development projects. Corporations and many other types of companies issue bonds for expansion, asset purchases, mergers2 and acquisitions, etc. A bond is a promise to repay borrowed money in addition to paying interest on specified3 dates and is issued for a period of more than a year. These interest payments are called coupons5 and are usually paid semi annually6 or annually? There are many types of bonds, the most common of which are fixed7 rate bonds and floating rate notes （FRNs）. Fixed rate bonds pay a pre-determined coupon4 and FRNs pay coupons at a premium8 above the bank's fixed deposit rate. Bonds that do not pay interest are called zero coupon bonds. This type of bond is rare, as the entire risk to investors9 is concentrated at the maturity10 date where the principal becomes payable11.　 公司通过汇票获得短期贷款，但是要获取长期贷款的话，最好的方法是以他们的名义发行债券。政府，不管是州级或省级政府，通过发行债券为大型建设和发展项目筹集资金。有限公司和其他类型的公司发行债券则是为了扩大规模、购置资产、合并和买进等。债券是对在规定日期偿还所借的钱并付利息的承诺，发行期限在一年以上。这些支付的利息叫做息票，通常半年或一年支付一次。债券有多种，最常见的有固定利率债券和浮动利率债券（FRN）。固定利率债券支付预决息票，浮动利率债券根据银行存款利率贴水支付息票。不付息的债券叫做零息债券。这种债券很少见，因为投资者的全部风险都集中在债券到期日，即付本金的时候。

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1 provincial Nt8ye     
adj.省的，地方的；n．外省人，乡下人
参考例句：
  • City dwellers think country folk have provincial attitudes.城里人以为乡下人思想迂腐。
  • Two leading cadres came down from the provincial capital yesterday.昨天从省里下来了两位领导干部。
2 mergers b4ab62fffa9919cbf1e93fcad6d3150c     
n.（两个公司的）合并( merger的名词复数 )
参考例句：
  • Mergers fall into three categories: horizontal, vertical, and conglomerate. 合并分为以下三种：横向合并，纵向合并和混合合并。 来自辞典例句
  • Many recent mergers are concentrated within specific industries, particularly in retailing, airlines and communications. 现代许多合并企业集中进行某些特定业务，在零售业、民航和通讯业中更是如此。 来自英汉非文学 - 政府文件
3 specified ZhezwZ     
adj.特定的
参考例句：
  • The architect specified oak for the wood trim. 那位建筑师指定用橡木做木饰条。
  • It is generated by some specified means. 这是由某些未加说明的方法产生的。
4 coupon nogz3     
n.息票，配给票，附单
参考例句：
  • The coupon can be used once only.此优惠券只限使用一次。
  • I have a coupon for ten pence off a packet of soap.我有一张优惠券买一盒肥皂可以便宜十便士。
5 coupons 28882724d375042a7b19db1e976cb622     
n.礼券( coupon的名词复数 )；优惠券；订货单；参赛表
参考例句：
  • The company gives away free coupons for drinks or other items. 公司为饮料或其它项目发放免费赠券。 来自辞典例句
  • Do you have any coupons? 你们有优惠卡吗？ 来自英汉 - 翻译样例 - 口语
6 annually VzYzNO     
adv.一年一次，每年
参考例句：
  • Many migratory birds visit this lake annually.许多候鸟每年到这个湖上作短期逗留。
  • They celebrate their wedding anniversary annually.他们每年庆祝一番结婚纪念日。
7 fixed JsKzzj     
adj.固定的，不变的，准备好的；(计算机)固定的
参考例句：
  • Have you two fixed on a date for the wedding yet?你们俩选定婚期了吗？
  • Once the aim is fixed,we should not change it arbitrarily.目标一旦确定，我们就不应该随意改变。
8 premium EPSxX     
n.加付款；赠品；adj.高级的；售价高的
参考例句：
  • You have to pay a premium for express delivery.寄快递你得付额外费用。
  • Fresh water was at a premium after the reservoir was contaminated.在水库被污染之后，清水便因稀而贵了。
9 investors dffc64354445b947454450e472276b99     
n.投资者，出资者( investor的名词复数 )
参考例句：
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
10 maturity 47nzh     
n.成熟；完成；(支票、债券等)到期
参考例句：
  • These plants ought to reach maturity after five years.这些植物五年后就该长成了。
  • This is the period at which the body attains maturity.这是身体发育成熟的时期。
11 payable EmdzUR     
adj.可付的，应付的，有利益的
参考例句：
  • This check is payable on demand.这是一张见票即付的支票。
  • No tax is payable on these earnings.这些收入不须交税。

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