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Accounting
Banking

Serial Issue

A bond issue (particularly a municipal issue) in which a certain proportion (installment) matures at regular intervals (e.g. each year)…

Substitution Swap

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

Reopening

The process of selling bonds or other short-term debt instruments in continuation of past issues. The newly placed bonds/ instruments...

Bond Tap

The process of selling bonds or other short-term debt instruments in continuation of past issues. The newly placed bonds/ instruments...

Tap Sale

The process of selling bonds or other short-term debt instruments in continuation of past issues. The newly placed bonds/ instruments...

Tap Issue

The process of selling bonds or other short-term debt instruments in continuation of past issues. The newly placed bonds/ instruments...

Absolute Yield Spread

The difference in yield to maturity (YTM) between two bonds (bond issues) or two classes of bonds with similar maturities....

Super Poison Put

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

Yield Spread

The difference in yield to maturity (YTM) between two bonds (bond issues) or two classes of bonds with similar maturities....