The price , ecified at i uance , at which a bond or preferred stock can be redeemed by the i uer . also called redemption price 发行机构提前赎回债券或优先股所支付的价格，在发行时此价格即定，又叫赎回价格。
The price , specified at issuance , at which a bond or preferred stock can be redeemed by the issuer . also called redemption price 发行机构提前赎回债券或优先股所支付的价格，在发行时此价格即定，又叫赎回价格。
Coupon is the interest rate stated on a bond when it s issued or the rate that bondholders can obtain from bond issuers 债券发行时发行条件上载明的利率，或债券持有人可以自债券发行机构领到的利率，即谓之票面利率。
Secondary market : the market where something is traded after having initially been sold ( on the primary market ) by the original owner or issuer 二级市场：交易原物主或原发行机构曾在初级市场出售的商品或证券的市场。
Devaluation : official lowering by monetaryauthorities of the value of a country ' s currencyin relationship to the currencies of one or moreother countries 贬值:指货币发行机构通过官方渠道降低本国货币与其他一种或几种货币的比价。
Bonds are also less liquid than savings deposits and investors could be exposed to credit risks depending upon the financial strength of the issuer 同时，债券的流通性比储蓄存款低，视乎发行机构的实力而定，投资者可能会受信贷风险影响。
We also hope that the new prospectuses pioneered by the hkmc will set a new standard and useful benchmark for other issuers of retail bonds . 我们亦希望按揭证券公司创新的发售章程，将会为其他零售债券发行机构提供一套新标准及有用的指标。
