Asset Management CompanyA company that manages non-performing assets （bad debt） with the sole intention to retrieve the outstanding debt. Convertible DebtA security where the holder can choose to exchange the debt security for a specified amount of another security such as equity in the company. IndependenceA state where the decisions and actions of a company are not influenced by the opinions or actions of others. PrivatizeA process by which the ownership of an organization is transferred from the state to the private sector also referred to as going public.RecapitalizeThe change in a company's capital structure, such as exchanging bonds for stock and vice versa usually to make the company more stable. 资产管理公司 管理未执行资产（坏账）的公司，唯一目的就是收回未偿债务。 可转换债券持有者可选择跟其他定额证券如公司股票来兑换债券的一种有价证券。 独立 公司的决策和行为未受其他人的意见和行为影响的状态。 私有化 机构所有权从国家转给私营部门、也即公开上市的一种行为。调整资本结构 改变公司资本结构，如用债券兑换股票，或者用股票兑换债券，通常是为了公司更稳定。