A bond which is mainly issued to refinance previously issued bonds that carry higher coupons than current market. A pre-refunding...
A bond which is mainly issued to refinance previously issued bonds that carry higher coupons than current market. An escrowed...
A bond with interest coupons that change to preset levels on specific dates. More specifically, the bond pays a given...
A bond which is payable at par to its holder on demand once the lock-out or deferment period expires. This...
A portfolio strategy that involves constructing a portfolio of individual bonds (or broadly similar types of fixed-income securities/ products such...
A portfolio strategy that involves constructing a portfolio of individual bonds (or broadly similar types of fixed-income securities/ products such...
A dual currency bond whose interest payment and principal repayment (redemption amount) depend on the exchange rate between two currencies...
It stands for accretion-directed bond; a collateralized mortgage obligation (CMO) whose principal redemption is paid out of payments from an...
A collateralized mortgage obligation (CMO) whose principal redemption is paid out of payments from an accrual bond or a Z-bond....
A bond that is rated below investment grade (a rating of BB or lower) due to its bad credit quality....