prior-lien bonds

简明释义

优先留置权债券

英英释义

例句

1.Investors often prefer prior-lien bonds because they offer more security in case of default.

投资者通常更喜欢优先抵押债券，因为在违约的情况下，它们提供更多的安全性。

2.When assessing risk, analysts often look at the ranking of prior-lien bonds in a company's capital structure.

在评估风险时，分析师通常会查看公司资本结构中优先抵押债券的排名。

3.The company issued prior-lien bonds to fund its expansion project, ensuring that bondholders are paid first.

公司发行了优先抵押债券以资助其扩展项目，确保债券持有人优先获得支付。

4.In a bankruptcy scenario, holders of prior-lien bonds have a better chance of recovering their investments.

在破产情境中，优先抵押债券的持有者更有可能收回他们的投资。

5.The prior-lien bonds were rated highly by credit agencies, attracting more investors.

这些优先抵押债券获得了信用评级机构的高评级，吸引了更多投资者。

作文

In the world of finance and investment, understanding various types of bonds is crucial for making informed decisions. One specific type of bond that investors often encounter is known as prior-lien bonds. These are bonds that have a claim on the assets of a borrower before any other liens or claims are settled. In simpler terms, if a company issues prior-lien bonds, it means that in the event of bankruptcy or liquidation, these bondholders will be paid off before other creditors. This characteristic makes prior-lien bonds relatively safer compared to other types of bonds, such as unsecured bonds or junior lien bonds.The appeal of prior-lien bonds lies in their priority status, which provides a level of security that many investors find attractive. For instance, when a company is in financial distress, the likelihood of recovering investments is higher for holders of prior-lien bonds than for those holding lower-priority debt instruments. This priority can make them an appealing option for conservative investors who prioritize capital preservation.However, investing in prior-lien bonds is not without its risks. While they may offer greater security, they can also come with lower yields compared to other riskier bonds. Investors must weigh the trade-off between risk and return carefully. Furthermore, the financial health of the issuing company is paramount; a company that issues prior-lien bonds but is facing significant financial difficulties may still pose a risk, even to these supposedly safer investments.Another important aspect to consider is the market conditions and interest rates. When interest rates rise, the prices of existing bonds, including prior-lien bonds, tend to fall. This inverse relationship can affect the overall return on investment, making it essential for investors to stay informed about economic indicators that could impact bond prices.In conclusion, prior-lien bonds represent a unique investment opportunity within the fixed-income landscape. Their priority claim on assets provides a layer of security that can be appealing to certain investors, particularly those who are risk-averse. However, like all investments, they come with their own set of risks and considerations. It is vital for investors to conduct thorough research and possibly consult financial advisors to determine if prior-lien bonds align with their investment goals and risk tolerance. By understanding the nuances of prior-lien bonds, investors can make more informed decisions that contribute to their overall financial strategy.

在金融和投资的世界中，理解各种类型的债券对于做出明智的决策至关重要。投资者经常遇到的一种特定类型的债券被称为优先留置债券。这些债券在借款人的资产上拥有优先索赔权，优先于任何其他留置权或索赔被清偿。简单来说，如果一家公司发行优先留置债券，这意味着在破产或清算的情况下，这些债券持有人将在其他债权人之前获得偿还。这一特性使得优先留置债券相比于其他类型的债券，如无担保债券或次级留置债券，更加安全。优先留置债券的吸引力在于其优先地位，这为许多投资者提供了他们认为有吸引力的安全水平。例如，当一家公司面临财务困境时，相比于持有低优先级债务工具的投资者，持有优先留置债券的投资者收回投资的可能性更高。这种优先权使得它们成为保守型投资者的一个吸引选项，他们优先考虑资本保护。然而，投资优先留置债券并非没有风险。尽管它们可能提供更大的安全性，但与其他风险较高的债券相比，收益率可能也较低。投资者必须仔细权衡风险与回报之间的权衡。此外，发行公司的财务健康状况至关重要；即使是一家发行优先留置债券但面临重大财务困难的公司，仍可能对这些本应更安全的投资构成风险。另一个重要方面是市场条件和利率。当利率上升时，包括优先留置债券在内的现有债券价格往往会下跌。这种反向关系会影响整体投资回报，使得投资者必须关注可能影响债券价格的经济指标。总之，优先留置债券代表了固定收益领域内独特的投资机会。它们对资产的优先索赔提供了一层安全保障，这对某些投资者尤其是风险厌恶型投资者具有吸引力。然而，像所有投资一样，它们也有自己的一系列风险和考虑因素。投资者进行全面研究并可能咨询财务顾问，以确定优先留置债券是否与他们的投资目标和风险承受能力相符，是至关重要的。通过理解优先留置债券的细微差别，投资者可以做出更明智的决策，从而有助于他们的整体财务战略。