He says the bondholders are buying a share of a business or property.

VOA: special.2009.12.11

Well after that, the bond price went up because people saw that as a sign that the company was tightening its belt and doing things right to have money to pay off the bondholders; so it was self-interested, I suppose--maybe you can ask him about this.

在这之后,债券的价格升高了,因为人们认为降低红利是一个信号,说明公司开始紧缩开支走向正轨,并且去偿付债券持有人,莱德利夫通过这种做法达到利己的目的,我想你们可以就此事向莱德利夫提问

耶鲁公开课 - 金融市场课程节选

And France recently proposed changes in finance laws to protect Islamic bondholders.

VOA: special.2009.12.11

Government officials say General Motors has failed to reach an agreement on concessions from bondholders and the United Auto Workers labor union.

VOA: standard.2009.03.30