non-registered bond

简明释义

不记名债券

英英释义

A non-registered bond is a type of bond that is not recorded in the name of the owner, meaning that ownership is established by possession rather than registration.

非注册债券是一种未以持有者名义登记的债券,这意味着所有权是通过持有而不是登记来确立的。

例句

1.When purchasing a non-registered bond, be aware of the risks associated with lack of documentation.

在购买非注册债券时,要注意与缺乏文档相关的风险。

2.Many corporations issue non-registered bonds to avoid the regulatory requirements of registered bonds.

许多公司发行非注册债券以避免注册债券的监管要求。

3.Investors often prefer non-registered bonds because they offer greater privacy compared to registered ones.

投资者通常更喜欢非注册债券,因为与注册债券相比,它们提供更大的隐私。

4.The non-registered bond market can be less liquid than the registered bond market.

与注册债券市场相比,非注册债券市场的流动性可能较差。

5.A non-registered bond can be transferred more easily between parties without formal registration.

非注册债券可以在各方之间更容易地转让,而无需正式注册。

作文

In the world of finance, various instruments are available for investors to choose from when looking to grow their wealth. One such instrument is the bond, a fixed-income security that represents a loan made by an investor to a borrower. Among the different types of bonds, the term non-registered bond refers to a type of bond that is not recorded in the name of the owner on the issuer's books. This means that the ownership of such bonds is not officially documented, making them distinct from registered bonds, where the owner's details are recorded. Understanding the implications of investing in a non-registered bond can be crucial for both individual and institutional investors.A non-registered bond typically offers a higher yield compared to its registered counterpart. This is because they carry a higher risk profile. Investors may find these bonds appealing due to their potential for greater returns, but it is essential to weigh the risks involved. Since ownership is not recorded, transferring these bonds can be more complicated. If the bond is lost or stolen, the owner may face challenges in proving ownership, which could lead to financial loss.One of the main advantages of non-registered bonds is their anonymity. Investors who prefer to keep their financial activities private may opt for these bonds, as they do not require the same level of disclosure as registered bonds. This anonymity can be beneficial in certain situations, such as when an investor wants to avoid attracting attention to their financial status.However, the lack of registration also comes with disadvantages. For instance, if an investor dies, their heirs may have difficulty claiming ownership of the non-registered bonds. In contrast, registered bonds can be easily transferred to heirs since ownership is documented. Additionally, some investors may feel uneasy about the lack of formal records associated with non-registered bonds, potentially leading to concerns over legitimacy and security.Investors should also consider the liquidity of non-registered bonds. While they can be traded in the secondary market, the absence of a formal record can make finding buyers more challenging. This might result in lower demand, which could affect the bond's market value. On the other hand, registered bonds are generally easier to sell due to their transparent ownership structure.In conclusion, investing in a non-registered bond can offer unique opportunities and challenges. While they may provide higher yields and greater anonymity, investors must carefully assess the risks involved, including issues related to ownership transfer and liquidity. As with any investment decision, thorough research and understanding of the financial instruments at play are essential for making informed choices. Ultimately, whether one chooses to invest in non-registered bonds or registered bonds will depend on their individual financial goals, risk tolerance, and personal preferences. By weighing the pros and cons, investors can navigate the complex landscape of bond investments effectively.

在金融世界中,投资者在寻找财富增长的过程中可以选择多种工具。其中一种工具是债券,一种固定收益证券,代表投资者向借款人发放的贷款。在不同类型的债券中,术语非登记债券指的是一种未在发行人账簿上记录所有者姓名的债券。这意味着此类债券的所有权没有正式记录,使其与注册债券不同,后者的所有者详细信息被记录。理解投资于非登记债券的影响对个人和机构投资者都至关重要。非登记债券通常提供比其注册对应物更高的收益率。这是因为它们承载着更高的风险特征。由于潜在的更高回报,投资者可能会发现这些债券具有吸引力,但必须权衡相关风险。由于所有权没有记录,转让这些债券可能更为复杂。如果债券丢失或被盗,所有者可能面临证明所有权的挑战,这可能导致财务损失。非登记债券的主要优势之一是其匿名性。喜欢保持财务活动私密的投资者可能会选择这些债券,因为它们不需要像注册债券那样的披露水平。这种匿名性在某些情况下可能是有利的,例如当投资者希望避免引起对其财务状况的关注时。然而,缺乏登记也带来了一些缺点。例如,如果投资者去世,他们的继承人可能会在索取非登记债券的所有权时遇到困难。相比之下,注册债券由于所有权记录的存在,可以很容易地转让给继承人。此外,一些投资者可能会对与非登记债券相关的缺乏正式记录感到不安,从而可能引发对合法性和安全性的担忧。投资者还应考虑非登记债券的流动性。虽然可以在二级市场交易,但缺乏正式记录可能使找到买家变得更加困难。这可能导致需求降低,从而影响债券的市场价值。另一方面,注册债券由于其透明的所有权结构,通常更容易出售。总之,投资于非登记债券可以提供独特的机会和挑战。虽然它们可能提供更高的收益和更大的匿名性,但投资者必须仔细评估相关风险,包括与所有权转移和流动性相关的问题。与任何投资决策一样,彻底的研究和对所涉及金融工具的理解对于做出明智的选择至关重要。最终,无论一个人选择投资于非登记债券还是注册债券,都将取决于他们个人的财务目标、风险承受能力和个人偏好。通过权衡利弊,投资者可以有效地驾驭债券投资的复杂领域。