bond

• Bond (finance), a type of debt security
• Bail bond, a commercial third-party guarantor of surety bonds in the United States, 美国担保债券的商业第三方担保人
• Chemical bond, the attraction of atoms, ions or molecules to form chemical compounds

In finance, a bond is an instrument of indebtedness of the bond issuer to the holders. The most common types of bonds include municipal bonds and corporate bonds. Bonds can be in mutual funds or can be in private investing where a person would give a loan to a company or the government. 在金融中，债券是债券发行人向持有人负债的工具。最常见的债券类型包括市政债券和公司债券。债券可以是共同基金，也可以是个人向公司或政府提供贷款的私人投资。

The bond is a debt security, under which the issuer owes the holders a debt and (depending on the terms of the bond) is obliged to pay them interest (the coupon) or to repay the principal at a later date, termed the maturity date. Interest is usually payable at fixed intervals (semiannual, annual, sometimes monthly). Very often the bond is negotiable, that is, the ownership of the instrument can be transferred in the secondary market. This means that once the transfer agents at the bank medallion stamp the bond, it is highly liquid on the secondary market. 债券是一种债务证券，根据该证券，发行人欠持有人一笔债务，并且（根据债券条款）有义务向持有人支付利息（息票）或在更晚的日期（称为到期日）偿还本金。利息通常按固定的时间间隔支付（半年、一年，有时按月支付）。债券通常是可转让的，也就是说，票据的所有权可以在二级市场上转让。这意味着，一旦银行的转账代理在债券上盖章，债券在二级市场上的流动性就会很高。

Bonds and stocks are both securities, but the major difference between the two is that (capital) stockholders have an equity stake in a company (that is, they are owners), whereas bondholders have a creditor stake in the company (that is, they are lenders). Being a creditor, bondholders have priority over stockholders. This means they will be repaid in advance of stockholders, but will rank behind secured creditors, in the event of bankruptcy. 债券和股票都是证券，但两者之间的主要区别在于（资本）股东拥有公司的股权（即，他们是所有者），而债券持有人拥有公司的债权人股权（即，他们是贷款人）。作为债权人，债券持有人优先于股东。这意味着它们将先于股东获得偿还，但在破产的情况下将排在有担保债权人之后。

In English, the word "bond" relates to the etymology of "bind". In the sense "instrument binding one to pay a sum to another"; use of the word "bond" dates from at least the 1590s.

Bonds are issued by public authorities, credit institutions, companies and supranational institutions in the primary markets. The most common process for issuing bonds is through underwriting. When a bond issue is underwritten, one or more securities firms or banks, forming a syndicate, buy the entire issue of bonds from the issuer and re-sell them to investors. 债券由公共机构、信贷机构、公司和超国家机构在一级市场发行。发行债券最常见的过程是通过承销。当债券发行被承销时，一家或多家证券公司或银行组成一个财团，从发行人处购买全部债券，并将其转售给投资者。

六级/考研单词: bail, unite, atom, molecule, compound, indebted, municipal, mutual, invest, oblige, coupon, repay, headmaster, mature, interval, seldom, liquid, differentiate, equity, rank, bankrupt, bind, issue, syndicate