original issue discount

简明释义

原发行折价

英英释义

例句

1.The original issue discount on the treasury bonds makes them a popular choice among risk-averse investors.

国债的原始发行折扣使其成为风险厌恶型投资者的热门选择。

2.The bond was sold at an original issue discount, which means investors can purchase it for less than its face value.

这只债券以原始发行折扣出售，这意味着投资者可以以低于面值的价格购买它。

3.A company issued shares at an original issue discount to attract more investors during a tough market.

一家公司在市场艰难时期以原始发行折扣发行股票，以吸引更多投资者。

4.When calculating taxes, it's important to account for the original issue discount as it affects the overall yield.

在计算税务时，考虑原始发行折扣是很重要的，因为它会影响整体收益。

5.Investors are attracted to bonds with an original issue discount because they offer potential capital gains.

投资者被带有原始发行折扣的债券吸引，因为它们提供潜在的资本收益。

作文

The concept of original issue discount is a fundamental principle in the world of finance, particularly in the context of bonds and debt securities. When a bond is issued at a price lower than its face value, the difference between the face value and the issue price is referred to as the original issue discount. This discount represents the interest that investors will earn over the life of the bond, making it an important consideration for both issuers and investors alike.To understand the significance of original issue discount, one must first grasp how bonds work. A bond is essentially a loan made by an investor to a borrower, typically a corporation or government. In return for lending their money, the investor receives periodic interest payments and the return of the principal amount at maturity. However, when a bond is issued at a discount, it means that the investor is purchasing the bond for less than its stated value. For example, if a bond has a face value of $1,000 but is sold for $950, the original issue discount is $50.This discount can be attractive to investors for several reasons. Firstly, it provides an opportunity for capital appreciation. If the bond is held until maturity, the investor will receive the full face value of the bond, resulting in a gain of the original issue discount amount. Additionally, the interest payments received during the life of the bond are often calculated based on the face value, meaning that the investor benefits from both the interest income and the capital gain at maturity.From the issuer's perspective, offering bonds at a original issue discount can be a strategic decision to attract investors, especially in a competitive market. By setting a lower initial price, issuers can make their bonds more appealing, thereby increasing the chances of a successful sale. This is particularly relevant in environments where interest rates are rising, as investors may seek higher yields, which can be effectively achieved through discounted bonds.However, it is important for investors to consider the tax implications associated with original issue discount. The Internal Revenue Service (IRS) treats the discount as interest income, which must be reported on tax returns. This means that even though the investor does not receive the full amount of the discount until maturity, they may still have to pay taxes on it annually. This aspect can influence an investor's decision-making process and overall investment strategy.In conclusion, the original issue discount is a key factor in the valuation and appeal of bonds in the financial markets. It provides investors with an opportunity for both income and capital gains while allowing issuers to attract funding in a competitive landscape. Understanding the dynamics of original issue discount is essential for anyone looking to navigate the complexities of bond investing effectively. As the financial landscape continues to evolve, the principles surrounding original issue discount will remain crucial for both seasoned investors and newcomers alike.

“原始发行折扣”是金融世界中的一个基本概念，特别是在债券和债务证券的背景下。当一只债券以低于其面值的价格发行时，面值与发行价格之间的差额被称为“原始发行折扣”。这一折扣代表了投资者在债券存续期间将获得的利息，因此对发行人和投资者来说都是一个重要的考虑因素。要理解“原始发行折扣”的重要性，首先必须掌握债券的运作方式。债券本质上是投资者向借款人（通常是公司或政府）提供的一种贷款。作为借出资金的回报，投资者会定期收到利息支付，并在到期时收回本金。然而，当债券以折扣发行时，这意味着投资者以低于其标明价值的价格购买债券。例如，如果一只债券的面值为1000美元，但以950美元出售，则“原始发行折扣”为50美元。这一折扣对投资者具有多方面的吸引力。首先，它提供了资本增值的机会。如果债券持有至到期，投资者将获得债券的全额面值，从而实现“原始发行折扣”的收益。此外，在债券存续期间收到的利息支付通常是基于面值计算的，这意味着投资者同时受益于利息收入和到期时的资本增值。从发行人的角度来看，以“原始发行折扣”发行债券可以是一种吸引投资者的战略决策，尤其是在竞争激烈的市场中。通过设定较低的初始价格，发行人可以使其债券更具吸引力，从而增加成功销售的机会。这在利率上升的环境中特别相关，因为投资者可能寻求更高的收益，而这可以通过折扣债券有效实现。然而，投资者需要考虑与“原始发行折扣”相关的税务影响。美国国税局（IRS）将折扣视为利息收入，必须在纳税申报中报告。这意味着，即使投资者在到期时才收到完整的折扣金额，他们可能仍需每年为此缴税。这一方面可能影响投资者的决策过程和整体投资策略。总之，“原始发行折扣”是金融市场中债券估值和吸引力的关键因素。它为投资者提供了收入和资本增值的机会，同时允许发行人在竞争激烈的环境中吸引资金。有效理解“原始发行折扣”的动态，对于任何希望有效驾驭债券投资复杂性的人来说都是至关重要的。随着金融环境的不断演变，围绕“原始发行折扣”的原则将继续对经验丰富的投资者和新手同样重要。