买方有权不接受延后还本的债券的中文解释

指通常由经济欠发达国家发行的低息长期债券，买方有权不接受延后还本的债务重整安排。

Exit bond的英文解释

A long-term bond with a low interest rate, often issued by a less developed country, that gives the buyer the right of exemption from taking part in any subsequent rescheduling. Thus an exit bond allows an investor to convert his existing loans and offers a way out of sovereign lending when the bond is resold or when it matures.

• convert [kən´və:t, ´kɔnvə:t]   v.转变 n.改变信仰者   (初中英语单词)
• sovereign [´sɔvrin]   a.至高无上的 n.君主   (初中英语单词)
• subsequent [´sʌbsikwənt]   a.其次的；其后的   (高中英语单词)
• taking [´teikiŋ]   a.迷人的 n.捕获物   (英语六级单词)
• investor [in´vestə]   n.投资者   (英语六级单词)