The composition can be subdivided Collateralized Bond Obligations, and Collateralized loan Obligations.

组成可以细分为抵押债券义务和抵押贷款义务。

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When a Danish mortgage bank grants a mortgage it is obliged to sell an equivalent bond with a maturity and cashflow that matches those of the underlying loan almost perfectly.

当丹麦银行批准一笔抵押贷款时，它必须同时出售等额的同期限的债券，以此来完全匹配该笔借款。

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As a rule, the riskier the bond and the further it is from its redemption date, the lower the value of the loan that can be secured on it.

这是一个规律，债券风险越大，距离偿还期越远，作为贷款抵押品的价值越低。

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Debt has an obvious cost: the interest rate on a bond or loan.

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Credit-default swaps can be bought as protection against the default of a bond or loan, or they can be sold to create some income in exchange for guaranteeing a credit exposure.

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The Fed also cut the discount rate, which it charges banks for overnight loans, 50 basis points to 5.25%, a sign the central bank is still concerned about the lingering effects of a credit crunch that has rocked the bond and loan markets.

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