{"id":637,"date":"2016-01-28T12:05:17","date_gmt":"2016-01-28T12:05:17","guid":{"rendered":"https:\/\/www.investaz.com.tr\/blog\/?p=637"},"modified":"2022-09-13T08:24:26","modified_gmt":"2022-09-13T08:24:26","slug":"hisse-senedi-ve-tahvil-arasindaki-farklar-nelerdir","status":"publish","type":"post","link":"https:\/\/www.investaz.com.tr\/blog\/hisse-senedi-ve-tahvil-arasindaki-farklar-nelerdir\/","title":{"rendered":"Hisse Senedi ve Tahvil Aras\u0131ndaki Farklar Nelerdir?"},"content":{"rendered":"<p style=\"text-align: left;\">Tahvil, \u015firketlerin fon ihtiya\u00e7lar\u0131n\u0131 kar\u015f\u0131layabilmeleri i\u00e7in bor\u00e7lanma senetleridir. Hisse senetleri ise \u015firketlerin, sermayesinin belirli bir b\u00f6l\u00fcm\u00fcn\u00fc temsil etmekte olan, sahibine ortakl\u0131k hakk\u0131 veren menkul k\u0131ymetlerdir. Yani temelde hisse senedi sahibine ortakl\u0131k, tahvil ise alacak hakk\u0131 sa\u011flar. Kafan\u0131z hala kar\u0131\u015f\u0131k m\u0131? O halde <a title=\"tahvil\" href=\"https:\/\/www.investaz.com.tr\/tahviller\">tahvil<\/a> ve hisse senetlerinin \u00f6zelliklerini kar\u015f\u0131la\u015ft\u0131rmakta ve aras\u0131ndaki farklar\u0131 bulmakta yarar var.<br>\n<!--more--><\/p>\n<ul style=\"text-align: left;\">\n<li><span style=\"font-weight: 400;\">Az \u00f6nce de bahsetti\u011fimiz gibi, unutulmamas\u0131 gereken en temel fark; tahvil bir bor\u00e7 senedi, hisse senedi ise bir m\u00fclkiyet senedidir. Elinde tahvili olan bir ki\u015fi tahvil \u00e7\u0131karm\u0131\u015f olan kurumun uzun vadede alacakl\u0131s\u0131d\u0131r. Yani \u015firket art\u0131k ona bor\u00e7ludur. Hisse senedi sahibi ise art\u0131k kurumun orta\u011f\u0131 konumundad\u0131r.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Tahvil sahibinin i\u015fletmeye kulland\u0131rd\u0131\u011f\u0131 sermaye yabanc\u0131 sermayedir. Fakat <a href=\"https:\/\/www.investaz.com.tr\/hisse-senetleri\/hisse-senedi-nedir\">hisse senedi<\/a> sahibinin i\u015fletmeye kulland\u0131rd\u0131\u011f\u0131 sermaye ana sermaye olarak tan\u0131mlan\u0131r.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Tahvil sahibi, \u015firketin aktifi \u00fczerindeki alaca\u011f\u0131ndan ba\u015fka hi\u00e7bir hakka sahip de\u011fildir. \u015eirketin y\u00f6netimine kat\u0131lamaz. Tahvil sahipleri alacaklar\u0131n\u0131 ald\u0131ktan sonra, \u015firketin mal varl\u0131\u011f\u0131 \u00fczerinde hi\u00e7bir hak iddia edemezler. Hisse senedi sat\u0131n alarak \u015firketin orta\u011f\u0131 olan hak sahipleri, kendilerine tan\u0131nan t\u00fcm ortakl\u0131k haklar\u0131ndan yararlanabilirler. Y\u00f6netime kat\u0131labilirler.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Tahvilin vadesi kesin olarak belirlenmi\u015ftir. Vade sonunda tahvil sahibi ve \u015firketin ili\u015fkileri sona erer. &nbsp;Hisse senedinde b\u00f6yle bir vade s\u00f6z konusu de\u011fildir. \u015eirket devam etti\u011fi s\u00fcrece ili\u015fki devam eder.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Tahvilin getirisi sabittir. &nbsp;Hisse senedinin getirisi ise de\u011fi\u015fkendir. Hisse senedinin getirisi, hisse senedi de\u011ferinde meydana gelen art\u0131\u015f ve \u015firketin da\u011f\u0131taca\u011f\u0131 kar pay\u0131 ile alakal\u0131d\u0131r.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Tahviller iskontolu olarak, mevzuatta itibari de\u011ferinin alt\u0131nda bir de\u011ferle ihra\u00e7 edilebilir. <a href=\"https:\/\/www.investaz.com.tr\/hisse-senetleri\">Hisse senetleri<\/a> hi\u00e7bir zaman nominal de\u011ferin daha alt\u0131nda bir de\u011ferle ihra\u00e7 edilmezler.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Tahviller, \u015firketler d\u0131\u015f\u0131nda devlet ve belediyeler gibi t\u00fczel ki\u015fili\u011fe sahip kamu kurulu\u015flar\u0131 taraf\u0131ndan da \u00e7\u0131kar\u0131labilir. Hisse senetleri, anonim \u015firket, anonim \u015firket stat\u00fcs\u00fcndeki kurulu\u015flar ya da \u00f6zel kanunla kurulan kurulu\u015flar taraf\u0131ndan ihra\u00e7 edilebilir.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: left;\">Ekonomik a\u00e7\u0131dan dikkatimizi \u00e7eken en b\u00fcy\u00fck farklar ise tahvil, hisse senedine g\u00f6re daha az risk oran\u0131 ta\u015f\u0131r. Tahvil sahibi, tahvil ihra\u00e7 eden \u015firketin k\u00e2r-zarar riskine kat\u0131lmaz. Getirisi her zaman sabittir. Hisse senedi sahipleri, \u015firketin mal varl\u0131\u011f\u0131ndan b\u00fct\u00fcn bor\u00e7lar \u00f6dendikten ve tasfiye masraflar\u0131 \u00e7\u0131kt\u0131ktan sonra, kalan\u0131n\u0131 hisseleri oran\u0131nda payla\u015f\u0131rlar. G\u00f6r\u00fcnd\u00fc\u011f\u00fc \u00fczere hisse senedi ve tahvil birbirine benzemesine ra\u011fmen, aralar\u0131nda b\u00fcy\u00fck farklar bulunan ve kar\u0131\u015ft\u0131r\u0131lmamas\u0131 gereken yat\u0131r\u0131m ara\u00e7lar\u0131d\u0131r.<\/p>\n\n\n<p><a href=\"https:\/\/www.investaz.com.tr\/yatirim\/imtiyaz-nedir\" target=\"_blank\" rel=\"noreferrer noopener\">\u0130mtiyaz Nedir?<\/a>     <a href=\"https:\/\/www.investaz.com.tr\/yatirim\/imtiyazli-hisse-senedi-nedir\" target=\"_blank\" rel=\"noreferrer noopener\">\u0130mtiyazl\u0131 Hisse Senedi Nedir?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tahvil, \u015firketlerin fon ihtiya\u00e7lar\u0131n\u0131 kar\u015f\u0131layabilmeleri i\u00e7in bor\u00e7lanma senetleridir. Hisse senetleri ise \u015firketlerin, sermayesinin belirli bir b\u00f6l\u00fcm\u00fcn\u00fc temsil etmekte olan, sahibine ortakl\u0131k hakk\u0131 veren menkul k\u0131ymetlerdir. Yani temelde hisse senedi sahibine ortakl\u0131k, tahvil ise alacak hakk\u0131 sa\u011flar. Kafan\u0131z hala kar\u0131\u015f\u0131k m\u0131? O halde tahvil ve hisse senetlerinin \u00f6zelliklerini kar\u015f\u0131la\u015ft\u0131rmakta ve aras\u0131ndaki farklar\u0131 bulmakta yarar var.<\/p>\n","protected":false},"author":1,"featured_media":1074,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[162],"tags":[],"class_list":["post-637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hisse-senedi"],"_links":{"self":[{"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/posts\/637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/comments?post=637"}],"version-history":[{"count":9,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/posts\/637\/revisions"}],"predecessor-version":[{"id":3846,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/posts\/637\/revisions\/3846"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/media\/1074"}],"wp:attachment":[{"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/media?parent=637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/categories?post=637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/tags?post=637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}