证券

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证明持有人有权接受他当时并未掌握的某项财产的书面证明。证券最常见的形式为股份和债券。政府、公司以及金融机构利用证券来筹集资金。股票是以权益所有权形式发行的证券。债券是采用债务形式的证券。债券是规定在某一日期支付一定数量的金额并按某一利率支付这段时间利息的承诺。大多数政府的证券都是每年支付一定利息的债券;与商业债券不同,政府债券的偿还款项是保证会获得的。股票和债券都是在有组织的交易所公开进行交易。世界上主要的交易所是纽约证券交易所、伦敦证券交易所和东京证券交易所。诸如国际问题,政府轮替以及国外股票市场上的动向等外界因素都会对证券价格产生影响。对於个人股票而言,公司当前的和未来的财政状况,以及该行业内总趋势扮演了重要角色。亦请参阅investment、saving。

security

In finance, written evidence of ownership conferring the right to receive property not currently in the holder's possession. The most common securities are stocks and bonds. Governments, companies, and financial institutions use securities to raise money. Stocks are securities issued in the form of equity ownership. Bonds are securities that take the form of debt. They constitute promises to pay a specified amount at a specified date and to pay interest at a specified rate in the interim. Most government securities are bonds that pay a fixed amount of interest per year; unlike commercial securities, their repayment is guaranteed. Both stocks and bonds are traded publicly on organized exchanges. The world's principal exchanges are the New York Stock Exchange, the London Stock Exchange, and the Tokyo Stock Exchange. External forces such as international troubles, changes in government policies, and trends in foreign stock markets all have an effect on security prices. For individual stocks, the company's current and prospective financial performance play an important role, as do overall trends within its business sector. See also investment, saving.

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