bond indentures

简明释义

债券信托契约

英英释义

例句

1.Investors should carefully review the bond indentures 债券契约 before purchasing any bonds to understand the terms of the investment.

投资者在购买任何债券之前，应仔细审查bond indentures 债券契约以了解投资条款。

2.Changes in interest rates can affect the attractiveness of bonds as stated in their bond indentures 债券契约.

利率的变化会影响债券的吸引力，这在其bond indentures 债券契约中有说明。

3.The bond indentures 债券契约 outlined the rights of the bondholders in case of default.

该bond indentures 债券契约概述了债券持有者在违约情况下的权利。

4.The legal team is reviewing the bond indentures 债券契约 to ensure compliance with local regulations.

法律团队正在审查bond indentures 债券契约以确保符合当地法规。

5.The company issued new shares and updated its bond indentures 债券契约 to reflect the changes in capital structure.

公司发行了新股票，并更新了其bond indentures 债券契约以反映资本结构的变化。

作文

In the world of finance, understanding the various instruments available for investment is crucial. One such instrument that plays a significant role in corporate financing is the bond. Bonds are essentially loans made by investors to borrowers, typically corporations or governments. However, the terms and conditions of these loans are not arbitrary; they are outlined in legal documents known as bond indentures. A bond indenture (债券契约) is a formal agreement between the bond issuer and the bondholders, detailing the specific terms of the bond, including interest rates, maturity dates, and any covenants that may be associated with the bond issuance.The importance of bond indentures cannot be overstated. They serve as a protective measure for investors, ensuring that their rights are clearly defined and safeguarded. For instance, a bond indenture might specify the obligations of the issuer, such as maintaining certain financial ratios or making timely interest payments. If the issuer fails to meet these obligations, the bondholders have the right to take legal action, which is an essential aspect of the bond's security.Moreover, bond indentures often include provisions for what happens in the event of default. This can include the ability for bondholders to accelerate the repayment of the principal amount or to claim collateral if the bond is secured. Understanding these provisions is vital for any investor looking to mitigate risk in their portfolio.Additionally, bond indentures can also contain covenants that restrict certain actions by the issuer. These covenants can be affirmative, requiring the issuer to maintain certain standards, or negative, prohibiting certain activities that could jeopardize the bondholders' interests. For example, a negative covenant might prevent the issuer from taking on additional debt without the consent of the bondholders, thereby protecting their investment.Investors should also be aware that bond indentures can vary widely based on the type of bond being issued. For example, municipal bonds often have different indenture requirements compared to corporate bonds. Furthermore, the complexity of bond indentures can increase with the sophistication of the bond structure, such as in the case of convertible bonds or callable bonds, where additional terms and options are included.In conclusion, bond indentures (债券契约) are a fundamental component of the bond market, providing a framework that governs the relationship between bond issuers and investors. They not only define the essential terms of the bond but also serve as a tool for risk management and investor protection. As such, a thorough understanding of bond indentures is indispensable for anyone involved in bond investments, whether they are seasoned investors or newcomers to the market. By paying close attention to the details outlined in these agreements, investors can make informed decisions and safeguard their financial interests.