Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
08:12 Nov 16, 2001
Polish to English translations [PRO] Bus/Financial
Polish term or phrase:dluzne papiery wartosciowe
not just papiery wartosciowe, but dluzne papiery wartosciowe
Explanation: Have a look at this page, loads of info:
INTRODUCTION TO DEBT SECURITIES
A debt security is evidence of a debt. It is sold to an investor with the promise that it will be paid with or without interest at the end of a specified period. The debt's issuer, a corporation or a unit of government, uses the proceeds of its sales to finance various projects.
Some debts last as little as one day, while others last as long as forty years. Some are secured by collateral such as revenue or physical assets. Some are unsecured and are backed only by the creditworthiness of the company. All debt securities are issued with a fixed face amount (par). However, the issuer often sells them at a discount (below par). This gives the investor extra incentive to purchase the issue. For example, a debt can be given a value of $500 but be sold for only $450.
This tutorial provides a look at several types of debt securities:
Features of Corporate Bonds
Types of Corporate Bonds
U.S. Government Securities
Money Market Securities
Non-Marketable Treasury Securities
Money Market Investments
CPs are negotiable short-term unsecured promissory notes with fixed maturities, issued by well rated companies generally sold on discount basis. Companies can issue CPs either directly to the investors or through banks / merchant banks (called dealers). These are basically instruments evidencing the liability of the issuer to pay the holder in due course a fixed amount (face value of the instrument) on the specified due date. These are issued for a fixed period of time at a discount to the face value and mature at par.