Unlike the former view that the character of Central Bank Bill is bond issued by Central Bank, this paper afresh explains its character from debt replacement instrument.

与把央行票据性质定位为中央银行债券的传统角度不同，本文从债务置换工具的视角重新阐释了央行票据的性质。

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It is also used to describe a security or other financial instrument, such as a bond or promissory note, which contains the issuer's undertaking to pay the owner.

它也用来描述证券或其他金融工具，比如债务或期票，这些票证包含了发行者必须向其所有者支付的承诺。

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Deferred interest Bond a debt instrument that pays no interest until a date specified in the future.

递延利息债券在未来特定日期才支付利息的债务工具。

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This implies that a creditors primary concern is not the absolute safety of a bond or other credit instrument, but its relative safety.

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Ten years ago, an investor eager to play the two side by side had essentially one instrument: the convertible bond (debt switchable into equity).

ECONOMIST: Buttonwood

They have these investments that are effectively an engineered kind of bond, an incredibly complicated financial instrument created by Harvard physics PhDs using massive computers.

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