noninterest-bearing discount bond

简明释义

无息按折扣发行的债券

英英释义

例句

1.The government issued a new series of noninterest-bearing discount bonds to help fund infrastructure projects.

政府发行了一系列新的无息贴现债券来帮助资助基础设施项目。

2.Investors often prefer a noninterest-bearing discount bond because it allows them to purchase the bond at a lower price and redeem it at face value at maturity.

投资者通常更喜欢无息贴现债券，因为它允许他们以较低的价格购买债券，并在到期时按面值赎回。

3.A noninterest-bearing discount bond is a great option for those looking to save for a future expense without earning periodic interest.

无息贴现债券是那些希望为未来支出储蓄而不赚取定期利息的人的绝佳选择。

4.Many educational institutions offer noninterest-bearing discount bonds as a way for parents to save for their children's tuition.

许多教育机构提供无息贴现债券，作为父母为孩子的学费储蓄的一种方式。

5.When you buy a noninterest-bearing discount bond, you essentially receive the difference between the purchase price and the face value as your return.

当你购买无息贴现债券时，你实际上是将购买价格与面值之间的差额作为你的收益。

作文

In the world of finance, investors are constantly looking for ways to maximize their returns while minimizing risk. One financial instrument that has gained attention in recent years is the noninterest-bearing discount bond. This type of bond is unique because, unlike traditional bonds that pay periodic interest, it is sold at a discount to its face value and does not pay any interest during its life. Instead, the investor receives the full face value of the bond upon maturity. This characteristic makes the noninterest-bearing discount bond an intriguing option for those looking to invest their money. The mechanics behind a noninterest-bearing discount bond are relatively straightforward. For example, if an investor purchases a bond with a face value of $1,000 for $800, the bond is considered a discount bond. When the bond matures, the investor will receive the full $1,000, resulting in a profit of $200. This profit, effectively the interest earned, is realized at the time of maturity rather than through periodic payments. This structure can be particularly appealing to investors who prefer to receive their returns in a lump sum rather than in smaller increments over time.One of the primary advantages of investing in noninterest-bearing discount bonds is the simplicity of the investment. Investors do not have to worry about tracking interest payments or reinvesting them, as there are none. This makes it easier to manage one’s portfolio and plan for future cash flows. Additionally, because these bonds are often issued by governments or reputable corporations, they can be seen as a relatively safe investment, especially when compared to more volatile assets like stocks.However, there are also some downsides to consider. The most significant risk associated with noninterest-bearing discount bonds is the potential for inflation to erode the purchasing power of the return. If an investor buys a bond for $800 and receives $1,000 at maturity, but inflation has risen significantly during that period, the real value of the $1,000 may be less than anticipated. Therefore, while these bonds can provide a predictable return, they may not always keep pace with inflation.Another consideration is the opportunity cost of investing in noninterest-bearing discount bonds. Since these bonds do not provide any cash flow until maturity, investors may miss out on other investment opportunities that could yield higher returns over the same period. For instance, if an investor chooses to put their money into a stock that appreciates significantly, they might find that the total return exceeds what they would have earned from a discount bond.In conclusion, the noninterest-bearing discount bond offers a unique investment opportunity that can be beneficial for certain types of investors. Its simple structure and predictable payout at maturity make it an attractive option for those seeking a low-maintenance investment. However, it is essential for investors to weigh the potential risks, such as inflation and opportunity costs, against the benefits. By understanding how noninterest-bearing discount bonds work and considering one's own financial goals and risk tolerance, investors can make informed decisions that align with their overall investment strategy.

在金融世界中，投资者不断寻找最大化回报和最小化风险的方法。一种近年来受到关注的金融工具是非利息贴现债券。这种类型的债券是独特的，因为与支付定期利息的传统债券不同，它以低于面值的价格出售，并且在其生命周期内不支付任何利息。相反，投资者在到期时收到债券的全额面值。这一特性使得非利息贴现债券成为那些希望投资资金的人的一种引人注目的选择。非利息贴现债券的运作机制相对简单。例如，如果投资者以800美元购买一张面值为1000美元的债券，则该债券被视为贴现债券。当债券到期时，投资者将收到全额1000美元，从而实现200美元的利润。这一利润实际上是通过到期时获得的利息，而不是通过定期支付来实现。这种结构对于那些更倾向于一次性获得回报而不是分期获得的人来说，尤其具有吸引力。投资非利息贴现债券的主要优势之一是投资的简单性。投资者不必担心跟踪利息支付或再投资，因为没有任何利息支付。这使得管理投资组合和规划未来现金流变得更加容易。此外，由于这些债券通常由政府或信誉良好的公司发行，因此与股票等更具波动性的资产相比，它们可以被视为相对安全的投资。然而，也有一些缺点需要考虑。与非利息贴现债券相关的最大风险是通货膨胀可能会侵蚀回报的购买力。如果投资者以800美元购买一张债券，并在到期时收到1000美元，但在此期间通货膨胀显著上升，那么这1000美元的实际价值可能低于预期。因此，尽管这些债券可以提供可预测的回报，但它们可能并不总是能跟上通货膨胀。另一个考虑因素是投资于非利息贴现债券的机会成本。由于这些债券在到期之前不提供任何现金流，投资者可能会错过其他投资机会，这些机会在同一时期可能会带来更高的回报。例如，如果投资者选择将资金投入一只显著增值的股票，他们可能会发现总回报超过了他们从贴现债券中获得的收益。总之，非利息贴现债券提供了一种独特的投资机会，对于某些类型的投资者可能是有利的。其简单的结构和到期时可预测的支付使其成为那些寻求低维护投资的人的吸引选项。然而，投资者必须权衡潜在的风险，如通货膨胀和机会成本，以及其带来的好处。通过理解非利息贴现债券的运作方式，并考虑自身的财务目标和风险承受能力，投资者可以做出与整体投资策略相一致的明智决策。