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Accounting
Banking

Step-Up Bond

A bond (a variable interest bond) whose coupon payment starts to increase after an initial period. It pays an initial…

At Par

Trading a debt security like a bond/ note at a price equal to its par value (face value). Face value/...

Below Par

Trading a debt security like a bond/ note at a price lower than its par value (face value). Face value/...

At-a-Discount

Trading a debt security like a bond/ note at a price lower than its par value (face value). Face value/...

At-a-Premium

Trading a debt security like a bond/ note at a price exceeding its par value (face value). Face value/ par...

Above Par

Trading a debt security like a bond/ note at a price exceeding its par value (face value). Face value/ par...

Super Poison Put

A covenant in a bond issue that allows a bondholder to sell, or put, a bond back to the issuer...

Par

The face value (par value) of a bond or a similar debt security that is used to figure out the...

Par Swap

A vanilla swap which has a zero net present value (NPV). That is, it involves no initial exchange of notional principal. More specifically, the present...