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Capital Index Bond

An instrument which is used to link the cash flows from a bond to an inflation index. In this bond,…

Soft Bullet

A bullet that pays no principal prior to a specified “targeted maturity date”. Thereafter, it pays monthly if the target…

Soft Bullet Security

A bullet security that pays no principal prior to a specified “targeted maturity date”. Thereafter, it pays monthly if the…

Currency Convertible

A bond that is issued in one currency giving the holder the option, often at discretion, to receive repayment of…

Callable PRDC Note

A power reverse dual currency note (PRDC note) that gives the issuer (a bank, for example) the right to call…

Guaranteed Bond

A bond which is backed by a party other than the issuer. In other words, the bond’s interest and principal…

General Obligation Bond

A municipal bond in which interest and principal are backed by the full financial resources and creditworthiness of the issuing…

Low Coupon Bond

A bond that pays small coupons over its life, but requires a large payment of principal atmaturity. This bond, therefore, allows…

Low Rate Bond

A bond that pays a small interest rate over its life, but requires a large payment of principal at maturity.…

Low Coupon Bond

A bond that pays small coupons over its life, but requires a large payment of principal at maturity. This bond, therefore, allows…