身边的经济学·社会常识英语30篇（1）

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股票与债券：所有权权利与借贷协议的区别

Buying stock means owning a small piece of a company and sharing in its future profits.
Bondholders lend money to issuers and receive fixed interest payments until maturity.
Stock returns depend on company performance and investor expectations about growth.
Bond returns are mostly predictable unless the issuer defaults on repayment obligations.
Shareholders vote on major corporate decisions, while bondholders have no voting power.
In bankruptcy, bondholders get paid before shareholders, who may receive nothing.
Stock prices fluctuate daily with market sentiment, but bond prices change more slowly.
Corporate bonds carry credit risk, while government bonds mainly reflect interest-rate risk.
Diversified portfolios often hold both to balance growth potential and income stability.
Understanding this difference helps investors align choices with their time horizon and risk tolerance.