参与证书的中文解释

在美国，这种证书代表在抵押贷款中的权益。证书的买方获得现金流(来自借款人的还本付息)，但卖方仍是记录上的受抵押人。在瑞士，参与证书指由瑞士的公司发行的没有表决权的股票。

Participation Certificate的英文解释

These US certificates represent an interest in mortgage loans. The buyer receives the cash flows and is the owner, but the seller remains the mortgagee of record. In Switzerland a participationcertificate is a non-voting form of equity that is issued by Swiss companies.

• mortgage [´mɔ:gidʒ]   a.&vt.抵押   (高中英语单词)
• seller [´selə]   n.销售者；行销货   (高中英语单词)
• switzerland [´switsələnd]   n.瑞士   (高中英语单词)
• certificate [sə´tifikət]   n.执照；文凭 vt.批准   (高中英语单词)
• participation [pɑ:,tisi´peiʃən]   n.参加，参与   (英语六级单词)
• equity [´ekwiti]   n.公平；公正   (英语六级单词)