债券

Further, we use return on equity to measure corporate performance and the management expense ratio and the asset turnover ratio to measure agency costs.

我们构建了公司治理指数用来衡量公司治理结构，用自由现金流来衡量债券融资对经理过度消费等行为的约束，用主营业务利润率来衡量公司经营绩效，用管理费用率和资产周转率来衡量公司代理成本，结果显示公司债券融资对公司治理结构、自由现金流和公司绩效影响不显著，但与公司的代理成本为显著正相关，也就是说目前我国公司债券融资还不能发挥债权治理的功能。

This trend is dependable because the bonds are redeemed at par value on the maturity date.

这种走向是因为当债券到期时，公司付给债券拥有人的是债券面值。

In addition to mortgage backed bonds, the bond insurers back hundreds of billions of dollars of municipal and other bonds.

除以抵押贷款支撑下的债券外，债券保险公司还同时支持着好几百种价值数十亿美元的政府和其他债券。

The simultaneous sale of one bond issue and the purchase of another, to stretch out maturities or for tax reasons.

是指利用两种债券头寸的差异，同时卖出某一种债券而又买入另一种债券的操作方式。

Municipal bond insurance can improve credit rating of the bonds, lower financing cost of the issuers and investment risks.

市政债券保险体现了保险市场与资本市场的联动效应，可以有效降低债券风险，可以扩大保险人的风险承担能力和业务领域，促进我国市政债券的发展。

The reasons for these problems are: the development of the corporate bond market awareness of the importance of not enough, the bond market the existence of institutional constraints, the management structure of China's corporate finance and bond rating does not sound flawed.

造成这些问题的原因在于：对发展公司债券市场的重要性认识不够、债券市场制度上的存在制约、我国公司融资治理结构不健全以及债券评级存在缺陷。

If the company issues unregistered corporate bonds, the counterfoils thereof shall state the total amount of the bonds, interest rate, time limit and method for repayment, issuance date and serial numbers of the bonds.

发行无记名公司债券的，应当在公司债券存根簿上载明债券总额、利率、偿还期限和方式、发行日期及债券的编号。

When the name of the owner is registered with the issuing corporation, the bond is a registered bond.

如果债券持有人需要在发行债券的公司登记其姓名，那么这种债券就是记名债券。

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.

如果债券持有人在债券发行公司注册的话，这种债券就称为记名债券，公司将每年向持券人寄发支票支付利息。

Secondly, on the base of Jarrow's(1997) credit rating mitigation matrices estimating approach, this dissertation focuses on the macro economic's influntion and assumes credit rating mitigation is Non-homogeneous Markov Chain conditional on macro economic risk factors.

最后以Duffie和Singleton(1999)的基于违约强度的市值回收公司债券定价模型为基础，在信用评级迁移为条件Markov链的假设下，使用带跳跃的均值回复过程描述信用评级迁移事件，建立公司债券定价模型，进而利用带跳跃均值回复过程的良好性质解决风险中性期望问题，求得公司债券价格的显式解，得到每一信用评级公司债券的信用价差。

However, as the name（read－only memory）implies, CD disks cannot be written onorchanged in any way.

然而，正如其名字所指出的那样，CD盘不能写，也不能用任何方式改变其内容。

Galvanizes steel pallet is mainly export which suits standard packing of European Union, the North America. galvanizes steel pallet is suitable to heavy rack. Pallet surface can design plate type, corrugated and the gap form, satisfies the different requirements.

镀锌钢托盘多用于出口，替代木托盘，免薰蒸，符合欧盟、北美各国对出口货物包装材料的法令要求；喷涂钢托盘适用于重载上货架之用，托盘表面根据需要制作成平板状、波纹状及间隔形式，满足不同的使用要求。