英语翻译There are different types of bonds.Bonds secured by the

英语翻译
There are different types of bonds.Bonds secured by the pledge of specific assets are called mortgage bonds or secured bonds.An unsecured bond is called a debenture bond; its value rests upon the general credit of the issuing corporation.Large corporations with good credit ratings use unsecured bonds extensively.Bonds that can be converted into common stock at the bondholder’s option are convertible bonds.Convertible bonds have features that are attractive both to bondhoders and to the issuer.The conversion often gives bondholders an opportunity to benefit if the market price of the common stock increases substantially.Furthermore,until conversion,the bondholder receives interest on the bond.For the issuer,the bonds sell at a higher price and pay a lower rate of interest than comparable debt securities that so not have a conversion option.Bonds that the issuing company can retire at a stated dollar amount prior to maturity are callable bonds.When the name of the owner is registered with the issuing corporation,the bond is a registered bond.Payment of interest is made by semiannual checks mailed to the registered owners.Bonds not registered are called bearer or coupon bonds.Coupon bonds have interest coupons attached; each six months during the life of the bond one of these coupon becomes due.The bondholder detaches the coupon and deposits it with a bank for collection.The name of the holder are not registered with the corporation.

债券有很多不同的种类.以特定资产担保的债券被称为抵押债券或者有保证债券.没有这种保证的债券被称为信用债券（注：debenture其实本身就是债券的一种类型）,其价值取决于债券发行公司总体的信用状况.信用等级较高的...