deferred serial bond

简明释义

递延分期偿付债券

英英释义

例句

1.The city issued a deferred serial bond to finance the construction of a new library, allowing them to postpone payments until the project is completed.

该市发行了一种递延分期债券来资助新图书馆的建设，使他们能够在项目完成之前推迟付款。

2.The school district plans to use a deferred serial bond to fund renovations, with payments starting five years from now.

学区计划使用一种递延分期债券来资助翻修，付款将在五年后开始。

3.The financial advisor recommended a deferred serial bond for the project, emphasizing its long-term benefits.

财务顾问建议为该项目选择一种递延分期债券，强调其长期利益。

4.A deferred serial bond can be an excellent option for municipalities looking to manage their debt service more effectively.

对于希望更有效管理债务服务的市政当局来说，递延分期债券可能是一个很好的选择。

5.Investors are attracted to the deferred serial bond because it provides a lower initial cash flow requirement.

投资者对这种递延分期债券感兴趣，因为它提供了较低的初始现金流需求。

作文

In the world of finance, various instruments are used to raise capital for projects, and one such instrument is the deferred serial bond. A deferred serial bond is a type of bond that allows the issuer to defer interest payments for a certain period while providing a structured repayment schedule for the principal amount. This financial tool can be particularly advantageous for municipalities or corporations that anticipate fluctuating revenues or need time before they can start making regular interest payments. To understand the significance of a deferred serial bond, it is essential to first grasp the concept of serial bonds. Serial bonds are issued with multiple maturity dates, meaning that a portion of the bond's principal is repaid at regular intervals until the entire amount is paid off. This structure helps investors manage their cash flow and provides them with periodic returns. However, in the case of a deferred serial bond, the issuer has the flexibility to postpone these payments, which can be beneficial during times of economic uncertainty.For instance, a city planning to build a new infrastructure project might issue deferred serial bonds to finance the construction. If the city expects its revenue from taxes to increase significantly in the coming years due to the new development, it may choose to defer the interest payments for the first few years. This strategy allows the city to allocate its current funds towards the project without the immediate burden of interest payments.The appeal of deferred serial bonds extends beyond just the issuer's perspective; investors also find value in this type of bond. While the initial lack of interest payments may seem unappealing, the promise of higher returns as the issuer's financial situation improves can be enticing. Furthermore, when the issuer finally begins to make interest payments, they often do so at a higher rate to compensate for the delay, thus potentially offering better returns than traditional bonds.However, investing in deferred serial bonds does come with risks. The primary concern is the creditworthiness of the issuer. If the issuer faces financial difficulties and cannot meet its obligations when payments are due, investors may find themselves at a loss. Therefore, thorough research and analysis of the issuer's financial health and future revenue projections are crucial before investing in these types of bonds.In conclusion, deferred serial bonds serve as a unique financial instrument that offers both flexibility to issuers and potential benefits to investors. They allow for deferred interest payments while maintaining a structured repayment plan for the principal. As with any investment, it is vital to weigh the benefits against the risks associated with the issuer's ability to fulfill its obligations. Understanding the intricacies of deferred serial bonds can empower investors to make informed decisions and help issuers manage their financial strategies effectively.

在金融领域，各种工具被用来为项目筹集资金，其中一种工具就是递延分期债券。递延分期债券是一种债券，允许发行人在一定期间内推迟利息支付，同时提供本金的结构性偿还计划。这种金融工具对于预计收入波动或需要时间才能开始定期支付利息的市政当局或公司尤其有利。要理解递延分期债券的重要性，首先必须掌握分期债券的概念。分期债券是指具有多个到期日的债券，这意味着债券本金的一部分在定期间隔内偿还，直到全部金额偿还。这种结构帮助投资者管理现金流，并为他们提供定期回报。然而，在递延分期债券的情况下，发行人可以灵活地推迟这些支付，这在经济不确定时期尤为有利。例如，一个城市计划建设一个新的基础设施项目，可能会发行递延分期债券来为建设提供资金。如果该城市预计由于新开发项目，其税收收入将在未来几年显著增加，它可能选择在最初几年推迟利息支付。这一策略使得城市能够将当前资金分配到项目中，而不必承担立即的利息支付负担。递延分期债券的吸引力不仅仅体现在发行人的角度；投资者也能在这种债券中找到价值。虽然最初缺乏利息支付可能看起来不那么吸引人，但随着发行人财务状况改善而承诺的更高回报可能会令人心动。此外，当发行人最终开始支付利息时，通常会以更高的利率进行补偿，以弥补延迟，因此可能提供比传统债券更好的回报。然而，投资于递延分期债券也伴随着风险。主要的担忧是发行人的信用worthiness。如果发行人面临财务困难，无法在到期时履行义务，投资者可能会遭受损失。因此，在投资这些类型的债券之前，对发行人的财务健康和未来收入预测进行彻底研究和分析至关重要。总之，递延分期债券作为一种独特的金融工具，为发行人提供了灵活性，同时为投资者提供了潜在的好处。它们允许推迟利息支付，同时保持本金的结构化偿还计划。与任何投资一样，权衡收益与与发行人履行义务相关的风险是至关重要的。理解递延分期债券的复杂性可以使投资者做出明智的决策，并帮助发行人有效地管理其财务策略。