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Interest-Indexed Bond

An index linked bond (historically issued in Australia in the 1980s) that pays a fixed real coupon, with the fixed...

Indicated Dividend

The projected annual dividend on a share of stock for the next year, assuming that the firm will pay the...

Indicated Yield

A return rate on a fixed-income security or a share of stock as related to the current market price. In...

Autocall

A structured product that is linked to an underlying asset with the ability to automatically mature or kick out prior...

Mini-Coupon Bond

A bond whose coupon is lower than the market rate of interest (prevailing yield) at the time of issue. This...

Manufactured Interest

Any coupon or interest that the borrower, in securities lending arrangements, receives and is contractually bound to pass on to...

Bond Substitution Swap

A bond swap that entails swapping substitute bond issues experiencing short-term imbalances in yield spreads. The imbalance will correct itself...

Bear Tracker Certificate

A tracker certificate which gain in value when the price of the underlying goes down, and vice versa. Such a...

Basis Point

A basis point (bps) is 0.01 percentage point and equals $1,000 annually on a contract protecting $10 million of debt...

Brady Bond

A bond that is issued by a developing country or a less developed country (LDC) as a voluntary debt relief...