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

A convertible that comes with no annual coupon, but rather it is issued at a deep discount to par. In…

The last tranche in a collateralized mortgage obligation (CMO). Periodic interest accrues on an accrual tranche but no cash payments...

A tranche that has some similarities to a zero-coupon bond. An accrual tranche (zero tranche) consists of Z bonds. By...

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

A bond that accrues interest over its life. Accrued interest is only payable at the maturity date of the bond....

A bond whose coupon is lower than the market rate of interest (prevailing yield) at the time of issue. This...

A bond whereby the issuer is allowed to defer coupon interest for a specified period of time. During the deferred-coupon...

A bond that pays interest on surrender of the coupons, clipped from its certificate. The holder of a coupon bond...

A tool that measures the average length of time the holder of a bond has to wait before receiving cash...