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Pure Discount Bond

Also discount bond. By definition it is a bond that accrues interest over its life. Accrued interest is only payable...

High-Grade Bond

A bond that carries a limited or low risk of default and therefore is granted high ratings by credit rating...

Investment-Grade Bond

A bond that carries a limited or low risk of default and therefore is granted high ratings by credit rating...

Income Bond

A bond that only guarantees repayment of its principal, (i.e., its face value, at maturity) but not payment of interest...

Trading Flat

Flat trading has different meanings in different contexts. In relation to bonds, it refers to the status of a bond...

T-Bond

A type of treasury security that constitutes a long-term debt obligation in the form of a uniform security (fixed income...

Treasury Bond

A type of treasury security that constitutes a long-term debt obligation in the form of a uniform security (fixed income...

Junior Bond

With respect to a series of bonds, a bond or debt security whose class is subordinated to other securities (of...

Senior Bond

A bond that has a higher priority than other securities/ claims (all other more junior and subordinated debt) belonging to...

Mandatory Convertible Securities

A class of hybrid securities that automatically (mandatorily) convert to common equity (common stock) of an issuer on a pre-specified...