Kötvényekhez

Kötvényekhez is a Hungarian term that translates to "bonds" in English. Bonds are a type of debt security where an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period of time at a variable or fixed interest rate. Bonds are commonly referred to as fixed-income securities.

When an investor buys a bond, they are essentially lending money to the issuer. In return, the issuer promises to pay the investor a fixed or floating interest rate (coupon) over a specified period and to repay the principal amount of the loan (face value) on a particular maturity date. Bonds can be issued by governments at national, regional, or local levels, as well as by corporations.

The value of a bond can fluctuate in the secondary market based on factors such as prevailing interest rates, the creditworthiness of the issuer, and the time remaining until maturity. If interest rates rise, the value of existing bonds with lower interest rates typically falls, and vice versa. Bonds are generally considered less risky than stocks, but they still carry risks, including the risk of default by the issuer and interest rate risk. Different types of bonds exist, including government bonds, corporate bonds, municipal bonds, and zero-coupon bonds, each with its own characteristics and risk profiles.