A promise to cover part of an asset's value at the end of a lease if the market price falls below an agreed level. The borrower gets cheaper funding; the lender gets protection.
「残值担保」
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| — | Amazon seeks to offload $8bn of Nvidia chips to investors 「残值担保」 · 第 4 张术语卡 | Tech companies have used them so lenders will accept chips losing value fast — a promise the FT says has obscured how much risk the giants are actually carrying. 关键风险在于担保的对象是「每年都在贬值、还可能被下一代产品淘汰」的芯片。如果一家公司非要提供担保才借得到钱，说明市场自己已经觉得这批资产不够安全；担保等于把这份不确定性收回到公司身上——而按会计准则，只要公司判断「很可能不用赔」，这笔潜在负债就可以暂时不记上资产负债表。 |