“securities证券”从广义上讲，可以分为“equity securities”和“debt securities”。

equity securities权益性证券

权益性证券是指代表发行企业所有者权益的证券，如股份有限公司发行的普通股股票。权益性证券是一种基本的金融工具，是企业筹集资金的主要来源。持有此类证券，就代表您拥有证券标的物的财产所有权。例如您买进招商银股票，就代表您持有招商银全部财产的一部持分权益。又如您持有某基金，就代表您持有该基金全部财产的一部持分权益。这里说的是持分权益，就是跟其他股东或基金受益人，分别共有（简非公同共有）该股份有限公司或该基金的全部财产。、

Equity securities represent ownership claims on a company's net assets. As an asset class, equity plays a fundamental role in investment analysis and portfolio management because it represents a significant portion of many individual and institutional investment portfolios.

debt securities债务性证券

债务性证券是从一个实体向另一个实体提供贷款的一种形式，包括联邦政府和市政府证券、商业票据、公司债券、证券化债务债券和可转换债券。发行人是您的债务人。例如买进国债，就代表拥有对国家的债权。如果买进某银行发行的定存单，也代表拥有对该银行的债务求偿权。

Debt securities are financial assets that entitle their owners to a stream of interest payments. Unlike equity securities, debt securities require the borrower to repay the principal borrowed. The interest rate for a debt security will depend on the perceived creditworthiness of the borrower.

债务性证券和权益性证券简单的说就是债券和股票。债券可以理解为带利息的借条，持有公司债券的投资者就是公司的债权人，可以定期获得利息和到期获得本金，是比较保险的投资。股票代表的就是所有权，持有公司股票的投资者就是公司的股东，享有经营决策投票权和红利分配权。

以下为相关双语示例，供参考：

The Company has not engaged in or initiated any equity fund raising exercises or any other issue of equity securities during the 12 months immediately preceding the date of this announcement.

紧接本公告日期前十二个月内，本公司并无进行亦无展开任何股本集资活动或任何其他的权益性证券发行。

Save as disclosed above, at no time during the six months ended 30 June 2002 was the Company or any of its subsidiaries a party to any arrangements to enable the directors or the chief executive of the Company to acquire benefits by means of acquisition of shares in, or debt securities (including debentures) of, the Company or any other [...] body corporate and none of the directors, the chief executive, their spouses or children under the age of 18, had any rights to subscribe for securities of the Company, or had exercised any such rights during the period.

除上述所披露者外，本公司或其任何附属公司于截至二零零二年六月三十日止六个月期间内概无订立任何安排，使本公司董事或行政总裁可藉购入本公司或任何其他公司之股份或债务证券（包括债券）而获益、而期内各董事、行政总裁、其配偶或十八岁以下之子女概无拥有任何认购本公司证券之权利，亦未曾行使任何此等权利。