What are the main contents of corporate bonds?

With the progress of society, financial management is gradually standardized, which meets the needs of contemporary economy. At the same time, the emergence of corporate bonds is of great help to the growth of major companies. So, what is the information about corporate bonds? According to the regulations of relevant departments, the formation of corporate bonds is a powerful tool for companies to borrow and repay debts within a specified time. I. Interpretation of Basic Concepts The English-Chinese Dictionary of Securities Investment: Corporate Bonds by the Commercial Press. Also: corporate bonds. A tool used by private companies or listed companies to borrow money. Securities issued by the company in accordance with legal procedures and agreed to repay the principal and interest within a certain period of time. Second, the basic overview of the concept of corporate bonds The definition of corporate bonds in textbooks is basically: "Corporate bonds are securities issued by companies in accordance with legal procedures and agreed to repay the principal and interest within a certain period of time." At the same time, it further shows the creditor-debtor relationship between bond issuing companies and bond investors. The bondholder of a company is the creditor of the company, not the owner of the company, which is the biggest difference from the stock holder. Bondholders have the right to receive interest from the company according to the agreed conditions and recover the principal at maturity. Earning interest takes precedence over shareholders' dividends, and also takes precedence over shareholders' recovery of principal when the company goes bankrupt and liquidates. However, bondholders cannot participate in the operation, management and other activities of the company. The definition and explanation of "corporate bonds" mentioned above is undoubtedly correct. But to truly understand the concept of corporate bonds in theory, we must do the following analysis: First, as a kind of "securities", corporate bonds are not ordinary commodities or commodities, but legal documents that can prove economic rights and interests. "Securities" is the general name of all kinds of creditor's rights and property ownership certificates that can obtain certain income, and it is a certificate used to prove that the holder of securities owns and obtains the corresponding rights and interests. Secondly, corporate bonds are "securities", which reflect and represent a certain economic value and have a wide range of social acceptance, and can generally be transferred and circulated as financial instruments. Therefore, in this sense, "marketable securities" is a kind of ownership certificate, which must generally indicate the face value to prove that the holder has the right to obtain certain income on schedule and can be freely transferred and traded. It has no value in itself, but it represents a certain property right. The holder can directly obtain a certain amount of goods, currency, interest, dividends and other income. Because this kind of securities can be traded and circulated in the securities market, it objectively has a transaction price. Third, the main feature of risky bonds is the company's operating profit, but there is great uncertainty in the future operation of any company, so corporate bondholders bear the risk of losing interest or even principal. The principle that high rate of return is proportional to risk requires that high-risk corporate bonds should provide bondholders with higher return on investment. Option issuers and holders can give each other certain options. The right to operate reflects the creditor's rights relationship, but it has no right to operate and manage the company, but it can have the right to claim interest and compensation first and distribute the remaining assets before shareholders. To sum up, what is the main content of corporate bonds has been explained in detail. Through reading, you can know that the bond used by the company to borrow money is a tool, and at the same time, when the company carries out debt-related activities, it should be clear about the characteristics of the corporate bond. The use of bonds is a double-edged sword. We just need to avoid the corresponding risks and choose bonds reasonably.