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Spread

The difference between bid price (bid) and ask price (ask). It is the price difference between what a buyer is...

Security

An instrument that is secured by an ownership stake (equity), debt obligation (note, bond, etc.), or contractual right (like options...

Reset Bond

A bond which is typically issued with a special provision allowing the initial interest to be reset on specified dates so...

Step-Coupon Bond

A bond which is typically issued with a special provision allowing the initial interest to be reset on specified dates so that...

Bond

A debt security that represents an amount of money owed by the bond issuer to a bondholder. The issuer is...