redemption provisions

简明释义

赎回条款

英英释义

例句

1.The bond agreement includes specific redemption provisions that allow the issuer to buy back the bonds before maturity.

债券协议包括特定的赎回条款，允许发行人在到期之前回购债券。

2.Investors should carefully review the redemption provisions in the mutual fund's prospectus to understand their options.

投资者应仔细审查共同基金招募说明书中的赎回条款以了解他们的选择。

3.Companies often include redemption provisions in their stock options to provide flexibility to shareholders.

公司通常在其股票期权中包含赎回条款，以为股东提供灵活性。

4.The redemption provisions stipulate that investors can redeem their shares at a fixed price after five years.

该赎回条款规定，投资者可以在五年后以固定价格赎回他们的股份。

5.The redemption provisions of the loan state that early repayment incurs a penalty fee.

贷款的赎回条款规定，提前还款会产生罚金。

作文

In the world of finance and investment, understanding various terms is crucial for making informed decisions. One such term that often arises in discussions about bonds and loans is redemption provisions. These provisions are essential clauses in financial contracts that outline the conditions under which a borrower or issuer can redeem their securities before the maturity date. Essentially, redemption provisions (赎回条款) provide both the issuer and the investor with certain rights and obligations regarding early repayment or buyback of the issued securities.To further comprehend the significance of redemption provisions, it is vital to explore their implications for investors. For instance, when an investor purchases a bond, they generally expect to hold it until maturity to receive interest payments. However, if the bond includes favorable redemption provisions (赎回条款), the issuer may have the right to redeem the bond earlier than expected, especially if interest rates drop significantly. This can lead to a situation where the investor receives their principal back sooner than anticipated, but they may miss out on future interest payments that would have been earned had they held the bond longer.Moreover, redemption provisions (赎回条款) can vary widely between different financial instruments. Some bonds might have callable features, allowing issuers to redeem them at predetermined times, while others may be putable, giving investors the right to sell them back to the issuer at specified intervals. Understanding these variations is crucial for investors as they assess the risk and return profiles of their investments.On the issuer's side, redemption provisions (赎回条款) also serve strategic purposes. By including these provisions, issuers can manage their debt more effectively. For example, if an issuer anticipates a decline in interest rates, having the ability to redeem high-interest bonds allows them to refinance at lower rates, thus reducing their overall cost of capital. This flexibility can be a significant advantage, especially in volatile markets.Another important aspect of redemption provisions (赎回条款) is their impact on the pricing of securities. Securities with favorable redemption features may trade at a premium compared to those without such provisions. Investors often demand higher yields for instruments that lack the option for early redemption, reflecting the additional risk they bear. Therefore, understanding how redemption provisions (赎回条款) affect pricing is essential for valuing fixed-income securities accurately.In conclusion, redemption provisions (赎回条款) play a critical role in the dynamics of financial markets. They provide both issuers and investors with options that can significantly influence investment strategies and outcomes. For investors, being aware of these provisions can help mitigate risks associated with interest rate fluctuations and enhance the overall investment experience. As financial instruments continue to evolve, a solid understanding of redemption provisions (赎回条款) will remain a key component of successful investing.

在金融和投资的世界中，理解各种术语对于做出明智的决策至关重要。其中一个常常出现在关于债券和贷款讨论中的术语是赎回条款。这些条款是金融合同中的基本条款，列出了借款人或发行人在到期日前可以赎回其证券的条件。本质上，赎回条款（redemption provisions）为发行人和投资者提供了关于提前偿还或回购已发行证券的某些权利和义务。为了进一步理解赎回条款的重要性，有必要探讨其对投资者的影响。例如，当投资者购买债券时，他们通常期望持有该债券直到到期，以获得利息支付。然而，如果债券包含有利的赎回条款，发行人可能有权在预期之外提前赎回债券，尤其是在利率显著下降的情况下。这可能导致投资者比预期更早收回本金，但他们可能会错过未来的利息支付，这些利息本可以在持有债券更长时间时获得。此外，赎回条款的类型在不同的金融工具之间差异很大。有些债券可能具有可赎回特征，允许发行人在预定时间赎回它们，而其他债券则可能具有可回售特征，赋予投资者在特定间隔内以约定价格将其卖回给发行人的权利。理解这些差异对投资者至关重要，因为他们评估投资的风险和回报特征。在发行人方面，赎回条款也具有战略意义。通过包括这些条款，发行人可以更有效地管理其债务。例如，如果发行人预计利率将下降，能够赎回高利率债券使他们能够以更低的利率进行再融资，从而降低整体资本成本。这种灵活性在波动市场中可能是一个显著的优势。赎回条款的另一个重要方面是其对证券定价的影响。具有有利赎回特征的证券可能会与没有此类条款的证券相比以溢价交易。投资者通常要求缺乏提前赎回选项的工具提供更高的收益，反映出他们所承受的额外风险。因此，理解赎回条款如何影响定价对于准确评估固定收益证券至关重要。总之，赎回条款在金融市场的动态中发挥着关键作用。它们为发行人和投资者提供了可以显著影响投资策略和结果的选项。对于投资者而言，了解这些条款可以帮助减轻与利率波动相关的风险，并增强整体投资体验。随着金融工具的不断发展，对赎回条款的深入理解将始终是成功投资的关键组成部分。