deferred bond

简明释义

递延债券

英英释义

例句

1.The company decided to issue a deferred bond to raise funds for its new project.

公司决定发行一种递延债券来为其新项目筹集资金。

2.Investors are attracted to the deferred bond because of its potential for higher returns.

投资者被递延债券的高回报潜力所吸引。

3.The interest payments on a deferred bond may not start until several years after issuance.

递延债券的利息支付可能要在发行几年前才开始。

4.Before investing, it's essential to understand the risks associated with a deferred bond.

在投资之前，了解与递延债券相关的风险是至关重要的。

5.A deferred bond typically has a longer maturity period compared to regular bonds.

递延债券通常有比普通债券更长的到期时间。

作文

In the world of finance, various instruments are utilized to manage investments and risks. One such instrument is the deferred bond, which plays a significant role in the fixed-income market. A deferred bond is essentially a type of bond that does not pay interest for a specified period after its issuance. Instead, the interest accumulates and is paid at a later date, typically when the bond matures or at predetermined intervals. This unique structure offers both advantages and disadvantages to investors.The primary appeal of a deferred bond lies in its potential for higher returns. By deferring interest payments, issuers can offer bonds at a lower initial cost, making them attractive to investors who are willing to wait for their returns. This characteristic is particularly beneficial for those looking for long-term investment strategies. For instance, pension funds and insurance companies often prefer deferred bonds as they align with their long-term liabilities and cash flow requirements.Moreover, deferred bonds can be an effective tool for managing cash flow. Investors who anticipate a future influx of capital may find these bonds appealing, as they can invest now without the burden of immediate interest payments. This deferred payment structure allows for better financial planning and resource allocation.However, investing in deferred bonds is not without its risks. The most notable concern is the uncertainty associated with the issuer's creditworthiness. If the issuer encounters financial difficulties, there is a risk that they may default on the bond, leaving investors without the expected returns. This risk is amplified in the case of deferred bonds because investors have to wait longer to receive any payments.Additionally, the interest rate environment can significantly impact the attractiveness of deferred bonds. In a rising interest rate scenario, new bonds may be issued with higher rates, which can make existing deferred bonds less appealing. Investors might find themselves locked into lower returns while newer bonds offer more competitive yields.Furthermore, tax implications should also be considered when investing in deferred bonds. Depending on the jurisdiction, the accumulation of interest during the deferral period may be subject to taxation, which could affect the overall return on investment. Therefore, it's essential for investors to consult with financial advisors to understand the tax consequences before committing to these financial instruments.In conclusion, deferred bonds offer a unique investment opportunity that can cater to specific financial goals and strategies. Their ability to defer interest payments can provide higher potential returns and assist in cash flow management. However, it is crucial for investors to weigh the risks, including credit risk, interest rate fluctuations, and tax implications. As with any investment, thorough research and careful consideration are vital to making informed decisions. Understanding the mechanics and nuances of deferred bonds can empower investors to effectively incorporate them into their broader investment portfolios, ultimately enhancing their financial outcomes.

在金融世界中，各种工具被用来管理投资和风险。其中一种工具是递延债券，它在固定收益市场中发挥着重要作用。递延债券本质上是一种在发行后特定时期内不支付利息的债券。相反，利息会累积并在稍后的日期支付，通常是在债券到期时或在预定的间隔内支付。这种独特的结构为投资者提供了优缺点。递延债券的主要吸引力在于其潜在的更高回报。通过推迟利息支付，发行人可以以较低的初始成本提供债券，从而使它们对愿意等待回报的投资者具有吸引力。这一特征对于那些寻求长期投资策略的投资者尤其有利。例如，养老金基金和保险公司通常偏好递延债券，因为它们与其长期负债和现金流需求相一致。此外，递延债券可以成为管理现金流的有效工具。预计未来会有资金流入的投资者可能会发现这些债券很有吸引力，因为他们可以现在投资，而不必承担立即支付利息的负担。这种递延支付结构允许更好的财务规划和资源配置。然而，投资递延债券并非没有风险。最显著的担忧是与发行人信用状况相关的不确定性。如果发行人遇到财务困难，则存在违约的风险，使投资者无法获得预期的回报。由于投资者必须等待更长时间才能收到任何付款，因此这种风险在递延债券的情况下被放大。此外，利率环境也会显著影响递延债券的吸引力。在利率上升的情况下，新债券可能以更高的利率发行，这可能使现有的递延债券变得不那么吸引人。投资者可能会发现自己被锁定在较低的回报中，而新债券则提供了更具竞争力的收益率。此外，在投资递延债券时，税收影响也应考虑在内。根据不同的司法管辖区，递延期间的利息累积可能会受到税收的影响，这可能会影响整体投资回报。因此，投资者在承诺这些金融工具之前，咨询财务顾问以了解税收后果是至关重要的。总之，递延债券提供了一种独特的投资机会，可以满足特定的财务目标和策略。它们推迟利息支付的能力可以提供更高的潜在回报，并有助于现金流管理。然而，投资者必须权衡风险，包括信用风险、利率波动和税收影响。与任何投资一样，彻底的研究和仔细的考虑对于做出明智的决策至关重要。理解递延债券的机制和细微差别可以使投资者能够有效地将其纳入更广泛的投资组合，从而最终提高他们的财务成果。