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Pro-Rata Sinkable Bond

A type of sinking fund bonds (sinkable bonds or sinkers) in which an equal percentage of bonds are redeemed from…

Sinking Fund Bond

A bond that contains a provision stipulating or allowing the systematic amortization/ retirement of outstanding debt (notes, bonds, preferred stocks,...

Sinking Fund

A required periodical (usually annual) payment that is designed to amortize a bond or preferred stock issue. In other words,...

Sinker

A bond that contains a provision stipulating or allowing the systematic amortization/ retirement of outstanding debt (notes, bonds, preferred stocks,...

Pro-Rata Sinking Fund Bond

A type of sinking fund bonds (sinkable bonds or sinkers) in which an equal percentage of bonds are redeemed from...

Super Sinker

A mortgage debt instrument that features long-term coupons but with short maturity. Typically, super sinkers are housing bonds (single-family housing...