构造了一个可转换债券契约的信号传递博弈模型。
A signaling game model of convertible debt contracts is built in this paper.
这是因为，债券契约或合同条款的任何改变在“技术”上就是一种违约，尤其当其“涉嫌”延期还本付息时。
This is because any change to the bond's indenture or terms and conditions is "technically" a default, especially when it concerns the delayed payment of funds.
在3020亿美元AIG信用保险契约中，大约2350亿美元是卖给了外国银行，而且相关债务是优级住房抵押贷款以及公司债券。
Of the $302 billion in insurance outstanding at A.I.G., about $235 billion was sold to foreign banks and covers prime home mortgages and corporate loans.
对于股票和债券，契约及任何精英认为在极移之后还值钱的无数纸质资产来说也是这样的。
This is also true of stocks and bonds, deeds, and any of the myriad paper assets that the elite assume will have worth in the Aftertime.
公司债券无抵押债务，只依赖借方信用质量作为支持，并无抵押品，协议属于契约形式。
Debenture an unsecured debt backed only by the credit worthiness of the borrower. There is no collateral, and the agreement is documented by an indenture.
契约的信任也被用作安全的一些企业债券的问题。
The deed of trust is also used as security for some corporate bond issues.
本文依据金融契约理论、交易成本理论和博弈理论，对我国公司债券受托管理人制度进行了研究。
This paper studies China's corporate bonds trustee manager system, based on the financial contract theory, transaction cost theory and game theory.
高收益债券并非总是提供今天所见的契约保护。
High Yield bonds did not always have the covenant protections seen today.
高收益债券通过契约保护投资者免遭提前还款的风险。
High Yield bonds typically have covenants that protect the investor from prepayment risk.
通常来说，由于互联网消费贷款不具备高收益债券提供的契约保护，且还处于起步阶段，投资者们并不熟悉这类产品，因而其收益更大。
Generally, online consumer loans offer greater returns, because they lack the covenant protections that High Yield bonds offer and because of their early stage and unfamiliarity among investors.
高收益债券发行方的资金用途，在某种程度上，受到受限制支付契约的限制。
To a certain extent, the use of proceeds by a High Yield issuer is restricted by the restricted Payment covenants.
契约还用于确保高收益债券发行方的发行量不超过抵押债务量。
Covenants are also used to ensure that High Yield issues do not issue excessive secured debt.
高收益债券发行方一旦发行债券，在其所能发生债务的金额与类型上便会受到契约限制。
High Yield issuers are typically restricted by covenants on the amount and the type of debt that they can incur once they have issued bonds.
高收益债券发行方一旦发行债券，在其所能发生债务的金额与类型上便会受到契约限制。
High Yield issuers are typically restricted by covenants on the amount and the type of debt that they can incur once they have issued bonds.
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