preferred debt; senior debt

简明释义

优先债务

英英释义

例句

1.When structuring a deal, it's crucial to understand the implications of senior debt 高级债务 on the capital structure.

在结构化交易时，了解高级债务 高级债务对资本结构的影响至关重要。

2.Investors often seek to invest in preferred debt 优先债务 because it offers higher yields compared to regular bonds.

投资者通常寻求投资于优先债务 优先债务，因为它提供的收益率高于普通债券。

3.Many startups rely on preferred debt 优先债务 financing to avoid diluting equity too early.

许多初创公司依赖于优先债务 优先债务融资，以避免过早稀释股权。

4.The preferred debt 优先债务 holders have a claim on assets before common shareholders in case of liquidation.

在清算的情况下，优先债务 优先债务持有人对资产的索赔优先于普通股东。

5.In times of financial distress, companies prioritize payments on senior debt 高级债务 over other liabilities.

在财务困境时期，公司优先偿还高级债务 高级债务，而不是其他负债。

作文

In the world of finance, understanding the different types of debt is crucial for both investors and companies. Among these types, preferred debt and senior debt stand out as important categories that dictate the hierarchy of repayment in the event of a company's liquidation or bankruptcy. This essay will delve into the definitions, characteristics, and implications of these two types of debt, helping to clarify their roles in financial management.Preferred debt, also known as preference shares or preferred stock, refers to a class of ownership in a corporation that has a higher claim on assets and earnings than common stock. Holders of preferred debt typically receive dividends before any dividends are paid to common stockholders, making it an attractive option for investors seeking a steady income stream. Furthermore, in the case of liquidation, preferred debt holders are paid out before common shareholders, although they rank below all forms of debt, such as bonds and loans. This unique position provides a safety net for investors, as they have a better chance of recovering their investment in adverse situations.On the other hand, senior debt refers to loans or bonds that take priority over other unsecured or subordinated debts in the event of liquidation. Senior debt is considered less risky compared to subordinated debt because it is secured by collateral, which means that lenders have a legal claim to specific assets. This type of debt is often used by companies to finance large projects or operations, as it usually comes with lower interest rates due to its lower risk profile. In contrast, subordinated debt carries a higher risk and, consequently, higher interest rates, as it is repaid only after all senior debts have been settled.The distinction between preferred debt and senior debt is critical for investors and financial analysts. Both types of debt play a vital role in a company’s capital structure and affect its overall risk profile. Companies with a high proportion of senior debt may be perceived as more stable, as they have prioritized repayment obligations. However, if a company has too much preferred debt, it may face challenges in meeting dividend payments, especially during economic downturns.In summary, understanding the concepts of preferred debt and senior debt is essential for making informed investment decisions and evaluating a company's financial health. While preferred debt offers a degree of safety through its priority in dividend payments, senior debt provides security through its collateralized nature. Investors must carefully analyze these factors when assessing the risks and rewards associated with different types of debt. By doing so, they can better navigate the complexities of the financial landscape and make choices that align with their investment goals.

在金融领域，理解不同类型的债务对投资者和公司至关重要。在这些类型中，优先债务和高级债务作为重要类别，在公司清算或破产时决定偿还的层次结构。本文将深入探讨这两种债务的定义、特征及其影响，帮助澄清它们在财务管理中的作用。优先债务，也称为优先股，指的是公司的一种所有权类别，其在资产和收益上的索赔优于普通股。优先债务的持有者通常在向普通股东支付任何股息之前获得股息，这使其成为寻求稳定收入流的投资者的一个有吸引力的选择。此外，在清算的情况下，优先债务的持有者在普通股东之前获得赔偿，尽管他们的排名低于所有形式的债务，如债券和贷款。这种独特的位置为投资者提供了安全网，因为在不利情况下，他们更有可能收回投资。另一方面，高级债务是指在清算时优先于其他无担保或次级债务的贷款或债券。高级债务被认为比次级债务风险更低，因为它以抵押品作为担保，这意味着贷方对特定资产拥有法律索赔。这种类型的债务通常被公司用来为大型项目或运营提供资金，因为由于其较低的风险特征，通常附带较低的利率。相比之下，次级债务则承载更高的风险，因此利率更高，因为在所有高级债务得到偿还后才会被偿还。优先债务和高级债务之间的区别对投资者和金融分析师至关重要。这两种类型的债务在公司的资本结构中发挥着重要作用，并影响其整体风险状况。拥有较高比例的高级债务的公司可能被视为更稳定，因为它们优先考虑偿还义务。然而，如果一家公司拥有过多的优先债务，在经济低迷期间，它可能面临满足股息支付的挑战。总之，理解优先债务和高级债务的概念对于做出明智的投资决策和评估公司的财务健康至关重要。虽然优先债务通过其在股息支付中的优先权提供了一定程度的安全性，但高级债务通过其抵押性质提供了安全保障。投资者必须仔细分析这些因素，以评估与不同类型债务相关的风险和回报。通过这样做，他们可以更好地应对金融领域的复杂性，并做出与其投资目标相一致的选择。