公司债券英文文献中英文翻译.doc

届毕业生外文文献翻译 院系别 专 业 班 级 学 号 姓 名 指导教师Corporate Debt When they borrow money, companies promise to make regular interest payments and to repay the principal that is, the original amount borrowed. However, corporations have limited liability. By this we mean that the promise to repay the debt is not always kept. If the company gets into deep water, the company’s assets to the lenders. Clearly it will choose bankruptcy only if the value of the as