Bonds 同 Debentures 有咩野唔同?

Bond From Wikipedia, the free encyclopedia Jump to: navigation, search
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Look up bond in Wiktionary, the free dictionary. Uses of bond, bonds, bonded, and bonding:
Contents [hide] 1 Fiduciary bonds2 Physical sciences3 Social sciences4 Manufacturing, construction and electronics5 Company and product names6 Organizations7 Entertainment8 Other uses9 Places10 People11 See also

[edit] Fiduciary bonds Bond (finance), in finance, a debt security, issued by Issuer Government bond, a bond issued by a national governmentBond market, a financial market for bonds Investment bond, a life assurance based single premium investment A surety bond is a three party contract, where the surety promises to pay the obligee for non-performance or dishonesty by the principal. Workers in many jobs must be bonded. [1] A performance bond is a surety bond for completion of work under a contractA bail bond is a surety bond for return of a person to a court Tenancy bond (or damage deposit), a deposit taken by a landlord in relation to rental of a propertyCatastrophe bond (or cat bond), a form of reinsuranceBonded labor (or debt bondage) is a system of servitude where someone must work to pay off a debt




Debenture From Wikipedia, the free encyclopedia Jump to: navigation, search This article does not cite any references or sources.
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This article has been tagged since May 2007. In finance
, a debenture is a long-term debt instrument used by governments and large companies to obtain funds. It is similar to a bond except the securitization conditions are different. A debenture is usually unsecured in the sense that there are no liens or pledges on specific assets. It is however, secured by all properties not otherwise pledged. In the case of bankruptcy debenture holders are considered general creditors.
The advantage of debentures to the issuer is they leave specific assets unencumbered, and thereby leave them open for subsequent financing.
Debentures are generally freely transferrable
by the debenture holder.


[edit] Debenture holders In ggg the United Kingdom
debentures have frequently been used as a mechanism for raising funds to build or finance sports or leisure venues. Often these debentures pay little or no interest, but entitle the holder to privileges, usually tickets for the venue. For example, the All England Lawn Tennis and Croquet Club first issued debentures in 1920 in order to purchase the current premises in Wimbledon, London, and debenture issues take place every five years. The 2001-2005 debenture issue was priced at £2,000 each, with an additional premium of £18,000, and Value Added Tax of £3,150; holders of these debentures are entitled to a free seat in the Centre Court Stand for each day of the championships for five years, and have access to exclusive lounge and catering facilities. At the Royal Albert Hall debenture holders are known as members; they own rights to individual boxes, and are entitled to view almost all performances. In 2003 Box 70 was offered on the open market for £250,000 [1]. Other stadia financed through the issue of debentures include Millennium Stadium, Wembley Stadium, Arsenal, Twickenham Stadium and Trent Bridge in Nottingham.''

要注意誰issue. Bond 大部分是政府發行, 年期比較long. Debenture, 是公司發行, 沒有保障.. 如果你想比較Debenture and bond. 你是以這樣方式去比較. 因不想談論得太深入. 自己看書吧