discount bond

简明释义

折扣债券

英英释义

例句

1.A discount bond 折价债券 matures at its face value, making it an attractive investment option.

一只折价债券 discount bond到期时以其面值偿还，使其成为一种有吸引力的投资选择。

2.When interest rates rise, the price of existing discount bonds 折价债券 may fall even further.

当利率上升时，现有的折价债券 discount bonds的价格可能会进一步下跌。

3.The yield on a discount bond 折价债券 is calculated based on the difference between the purchase price and the face value.

一只折价债券 discount bond的收益率是根据购买价格与面值之间的差额计算的。

4.Investors often prefer a discount bond 折价债券 because it offers the potential for capital appreciation.

投资者通常更喜欢折价债券 discount bond，因为它提供了资本增值的潜力。

5.Many government securities are issued as discount bonds 折价债券, providing safety and lower initial costs.

许多政府证券以折价债券 discount bonds的形式发行，提供安全性和较低的初始成本。

作文

A discount bond is a type of fixed-income security that is issued at a price lower than its face value. Investors are attracted to discount bonds because they provide a unique opportunity to earn a profit when the bond matures. The difference between the purchase price and the face value at maturity represents the investor's return. Understanding how discount bonds work can help investors make informed decisions about their investment portfolios.When an investor purchases a discount bond, they are essentially lending money to the issuer in exchange for periodic interest payments and the promise of receiving the face value upon maturity. However, unlike traditional bonds that pay interest regularly, discount bonds do not offer periodic interest payments. Instead, they are sold at a discount to their face value. For example, if a bond has a face value of $1,000 and is sold for $800, the investor will receive $1,000 when the bond matures, resulting in a profit of $200.One of the primary reasons investors choose discount bonds is the potential for capital appreciation. Since these bonds are sold below their face value, there is a built-in profit margin when they mature. This feature can be particularly appealing in a low-interest-rate environment where traditional bonds may offer minimal returns. Furthermore, discount bonds can be an attractive option for investors looking to diversify their portfolios with fixed-income securities.It is also essential to consider the risks associated with discount bonds. One significant risk is the credit risk of the issuer. If the issuer faces financial difficulties, there is a chance they may default on their obligations, which could result in losses for the investor. Additionally, changes in interest rates can impact the market value of discount bonds. If interest rates rise, the value of existing bonds may decrease, making it challenging for investors to sell them before maturity without incurring a loss.Investors should also be aware of the tax implications of discount bonds. The Internal Revenue Service (IRS) treats the difference between the purchase price and the face value as interest income, which is subject to taxation. This means that while investors can benefit from the appreciation of discount bonds, they may also face tax liabilities that could reduce their overall returns.In conclusion, discount bonds offer a unique investment opportunity for those looking to increase their fixed-income exposure. While they can provide attractive returns through capital appreciation, investors must carefully assess the risks involved, including credit risk and interest rate fluctuations. Additionally, understanding the tax implications is crucial to maximizing the benefits of investing in discount bonds. By weighing these factors, investors can make informed choices that align with their financial goals and risk tolerance.

折价债券是一种固定收益证券，其发行价格低于面值。投资者被折价债券吸引，因为它们提供了在债券到期时盈利的独特机会。购买价格与到期时面值之间的差额代表了投资者的回报。理解折价债券的运作方式可以帮助投资者做出明智的投资组合决策。当投资者购买折价债券时，他们实际上是在向发行人借钱，以换取定期利息支付和在到期时收到面值的承诺。然而，与定期支付利息的传统债券不同，折价债券不提供定期利息支付。相反，它们以低于面值的价格出售。例如，如果一只债券的面值为1000美元，而以800美元的价格出售，投资者在到期时将获得1000美元，从而获得200美元的利润。投资者选择折价债券的主要原因之一是资本增值的潜力。由于这些债券以低于面值的价格出售，因此在到期时有内置的利润空间。这一特性在低利率环境中尤其具有吸引力，因为传统债券可能提供微薄的回报。此外，折价债券可以成为希望通过固定收益证券实现投资组合多样化的投资者的理想选择。同时，考虑与折价债券相关的风险也至关重要。一个显著的风险是发行人的信用风险。如果发行人面临财务困难，可能会违约，这可能导致投资者损失。此外，利率变化会影响折价债券的市场价值。如果利率上升，现有债券的价值可能会下降，使得投资者在到期前出售债券而不遭受损失变得困难。投资者还应注意折价债券的税收影响。美国国税局（IRS）将购买价格与面值之间的差额视为利息收入，需缴纳税款。这意味着虽然投资者可以从折价债券的增值中受益，但他们也可能面临税务负担，从而减少整体回报。总之，折价债券为那些希望增加固定收益投资的人提供了独特的投资机会。虽然它们可以通过资本增值提供有吸引力的回报，但投资者必须仔细评估相关风险，包括信用风险和利率波动。此外，了解税收影响对于最大化投资折价债券的收益至关重要。通过权衡这些因素，投资者可以做出与其财务目标和风险承受能力相一致的明智选择。