债券是政府、金融机构、企业向社会借债筹措资金时,向投资者发行,并且承诺按一定利率支付利息并按约定条件偿还本金的有价证券。债券是一种表明债券购买者与发行者之间债权、债务关系的凭证,具有法律效力,其中债券发行人是债务人,投资者是债权人,当债券到期时,债券发行人必须向债券持有人偿还本金和利息。 Bonds are securities issued to investors by governments, financial institutions and enterprises that borrow money from the community and promise to pay interest at a fixed interest rate and repay the principal amount according to the agreed terms. Bonds are a kind of evidence that shows the bond and debt relationship between the bond buyer and the issuer. It is legally binding. The bond issuer is the debtor and the investor is the creditor. When the bond expires, the bond issuer must hold the bond People repay the principal and interest.