preference bond

简明释义

优先股

英英释义

例句

1.A preference bond typically has priority over common stock in the event of liquidation.

优先债券在清算时通常优先于普通股。

2.The company issued a new series of preference bonds to raise capital for expansion.

公司发行了一系列新的优先债券以筹集扩展资金。

3.Many investors appreciate the stability provided by a preference bond in volatile markets.

许多投资者欣赏在波动市场中由优先债券提供的稳定性。

4.Investors often choose a preference bond for its fixed interest returns.

投资者通常选择优先债券，因为它提供固定的利息回报。

5.The yield on a preference bond is generally higher than that of government bonds.

优先债券的收益率通常高于政府债券。

作文

In the world of finance, various instruments are utilized to manage investments and risks. One such instrument that has gained attention is the preference bond. A preference bond is a type of bond that gives its holders preference over common stockholders in the event of liquidation or bankruptcy. This means that if a company faces financial difficulties, those who hold preference bonds will be paid before common shareholders. This characteristic makes preference bonds an attractive option for risk-averse investors seeking a steady income. Preference bonds often come with fixed interest rates, which provide a reliable source of income. Investors appreciate this stability, especially in volatile markets where stock prices fluctuate dramatically. By holding preference bonds, investors can enjoy the benefits of fixed returns without the inherent risks associated with equity investments. Additionally, preference bonds may also have features such as convertibility into shares, which can provide further advantages to investors.One of the key reasons why investors choose preference bonds is their priority in the capital structure of a company. In the hierarchy of claims, preference bonds rank above common stocks but below secured and unsecured debts. This positioning provides a layer of security for investors, as they are more likely to recover their investments in case of financial distress. Furthermore, companies often issue preference bonds to raise capital while maintaining control over the company. Unlike issuing common stock, which dilutes ownership, preference bonds allow companies to obtain necessary funds without giving up significant equity.However, it is essential for investors to understand the risks associated with preference bonds. While they offer preferential treatment during liquidation, they are still subject to market risks and interest rate fluctuations. If interest rates rise, the value of existing preference bonds may decline, leading to potential losses for investors. Moreover, not all companies are financially stable, and investing in preference bonds from companies with poor credit ratings can be particularly risky.In conclusion, preference bonds represent a unique investment opportunity that appeals to those seeking a balance between risk and return. They provide a level of security and predictable income that many investors find appealing. However, like any investment, it is crucial to conduct thorough research and consider the associated risks before diving into the world of preference bonds. Understanding the nature of these financial instruments can help investors make informed decisions and build a diversified portfolio that aligns with their financial goals. As the financial landscape continues to evolve, the role of preference bonds in investment strategies will likely remain significant, offering a viable option for those looking to enhance their investment outcomes.

在金融世界中，各种工具被用来管理投资和风险。其中一种引起关注的工具是优先债券。优先债券是一种债券，它在公司清算或破产时给予持有人优先于普通股东的权利。这意味着，如果一家公司面临财务困难，持有优先债券的人将比普通股东更早获得赔偿。这一特性使得优先债券成为寻求稳定收入的风险厌恶型投资者的有吸引力的选择。优先债券通常具有固定的利率，这为投资者提供了可靠的收入来源。投资者特别欣赏这种稳定性，尤其是在股票价格剧烈波动的动荡市场中。通过持有优先债券，投资者可以享受固定收益的好处，而无需承担与股票投资相关的固有风险。此外，优先债券还可能具有可转换为股票的特性，这可以为投资者提供进一步的优势。投资者选择优先债券的一个关键原因是它们在公司的资本结构中的优先地位。在索赔等级中，优先债券排名在普通股之上，但低于担保债务和无担保债务。这一定位为投资者提供了一层安全保障，因为他们在财务困境中更有可能收回投资。此外，公司通常发行优先债券以筹集资金，同时保持对公司的控制权。与发行普通股不同，后者会稀释所有权，优先债券允许公司在不放弃重大股权的情况下获得必要资金。然而，投资者必须了解与优先债券相关的风险。虽然它们在清算时提供优先权，但仍然受到市场风险和利率波动的影响。如果利率上升，现有优先债券的价值可能会下降，从而导致投资者潜在损失。此外，并非所有公司都财务稳定，投资于信用评级较差的公司的优先债券可能特别危险。总之，优先债券代表了一种独特的投资机会，吸引那些寻求风险与回报之间平衡的投资者。它们提供了一定程度的安全性和可预测的收入，许多投资者对此感到满意。然而，与任何投资一样，在深入了解优先债券的世界之前，进行彻底的研究并考虑相关风险至关重要。理解这些金融工具的性质可以帮助投资者做出明智的决策，建立与其财务目标相一致的多元化投资组合。随着金融环境的不断发展，优先债券在投资策略中的作用可能仍将显著，为那些希望提升投资成果的人提供可行的选择。