The Bond Basics tutorial will give you more insight into these securities.

债券基础指南将会给你关于此类证券的更多知识。

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Convertible bonds give the holders the option to convert each bond into a stipulated number of shares of stock.

—可转换债券赋予持有人一项权利，每张债券可以转换成约定数额的股票。

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Callable bonds give the firm the option to repurchase the bond from the holder at a stipulated call price.

—可赎回债券赋予公司一项权利，可以从持有者手中以特定的赎回价格回购债券。

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What you could do hundreds of years ago-- and can still do it today-- was go to a bank and present this bond or IOU and say, "What will you give me for it?"

在数百年前你们能做的,在今天还是能够做到的就是,到银行出示这份合约或欠条,问,你们根据它能给我多少钱

耶鲁公开课 - 金融市场课程节选

Beyond the possibility of ECB liquidity, the summit could also surprise by addressing necessary, long-term measures toward fiscal integration which are a precondition to give peripheral bond markets and growth a chance to stabilize.

FORBES: Gartman And Barclays Bullish On Europe

And it's been a real struggle because as they raise more capital, there's more deterioration in the marketplace, there are more potential losses, they have to raise more capital, and the banks themselves don't really want to give the bond insurers a bailout, or they don't want to coalesce to do that, which is basically saying look, I'm out of patience here.

NPR: Bond Insurer Losses Could Have Broader Impact

Another way is to give the appreciated bond to charity.

FORBES: Magazine Article