A bond swap that involves swapping a relatively high-price bond with a relatively low-price bond (otherwise, the two bonds are...
A bond that has an embedded option that allows investors to switch between two types of securities. For instance, an...
A fixed-income security (usually a bond) that has no early redemption features (callability or embedded call option). Bullet securities (bullets)...
The removal of interest coupons attached to a bearer bond so that the bearer might submit them to a bank...
A structuring technique which involves the purchase of ordinary bonds (usually, U.S. Treasury bonds) and the repackaging thereof in a...
It stands for coupon equivalent rate; also known as equivalent bond yield; the yield on a discount bond that is...
Also equivalent bond yield; the yield on a discount bond that is computed in the same way the yield on...
The yield on a discount bond that is computed in the same way the yield on a coupon bond is...
The yield on a discount bond that is computed in the same way the yield on a coupon bond is...
A loan whose interest rate payments change over the life of the loan. Typically, the variable interest rate is tied...