right of action. 1. The right to bring a specific case to court. [Cases: Action 1, 2. C.J.S. Actions §§ 2–9, 11, 17, 21, 26, 31–33, 36.] 2. A right that can be enforced by legal action; a chose in action. Cf. CAUSE OF ACTION. [Cases: Action 1, 2; Property 5. 5. C.J.S. Actions §§ […]
A contract in which the performing party may elect to perform one of two or more specified acts to satisfy the obligation; a contract that provides more than one way for a party to complete performance, usu. permitting that party to choose the manner of performance. — Also termed alternative-methods-of-performance contract. [Cases: Contracts 172. C.J.S.
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yield, n. Profit expressed as a percentage of the investment. — Also termed yield on investment; return. See RATE OF RETURN. coupon yield. The annual interest paid on a security (esp. a bond) divided by the security’s par value. — Also termed nominal yield. current yield. The annual interest paid on a security (esp. a
treasury certificate. An obligation of the federal government maturing in one year and on which interest is paid on a coupon basis. [Cases: United States 90. C.J.S. United States §§ 162, 167.]
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certificate of indebtedness (1)借据；债务凭证 １建房贷款协会为借入款项而向借款人签发的证明；２在破产程序或重整程序期间，为继续维持破产者或债务人的商业经营而借入资金时，由破产财产管理人〔receiver or trustee〕或债务人签发的债务证明。 (2)政府债券；公债券 由公共机构为实施政府管理之目的筹集资金时发行的一种公债券，与债券〔bond〕的相似之处在于均承诺在特定时间支付一定金额给持有人。 (3)贷款凭证；附息票债券 以前在为市政建设筹集巨额可供长期使用的资金时，通常使用借款凭证〔certificate of loan〕的形式，并附有向其持有人承诺在某年份的特定时间和地点支付利息的息票。这种贷款凭证现在被称作附息票债券〔coupon bond〕。
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deferred interest bonds 延期付息债券；递延付息债券 延期支付利息的债券。例如，零息票债券实际上就属于延期付息债券，它在到期后将本金及其与面值之间的差价全部支付，这一差价实为一种利息收入。 (→zero-coupon bond)
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