Category
Bonds terms
A bond is a loan that investors make to a government or company in return for interest. These terms explain how bonds are priced, what moves their yields and what can go wrong. 365 Bonds terms are explained below, each with real-world examples.
- AA Aa1
- AAA
- AAA Rating
- Above Par
- Acceleration Covenant
- Accreted Value
- Accretion of Discount
- Accrual Bond
- Accrual Swap
- Accruedmarketdiscount
- Advance Refunding
- Advancedrefunding
- Agency Bond
- Agency Security
- Agencysecurities
- Airport Revenue Bond
- American Callable Bond
- Amortizable Bond Premium
- Amortized Bond
- Amortizing Security
- Anticipation Note
- Arbitrage Bond
- Arbitrage-Free Valuation
- Asset-Backed Commercial Paper (ABCP)
- At a Discount
- At A Premium
- At Par
- Auction Rate Security
- Average Effective Maturity
- Average Life
- Average Price
- B1/B+
- B3/B-
- Ba1/BB+
- Ba2/BB
- Ba3/BB-
- Baby Bond
- Balloon Maturity
- Bank Discount Basis
- Bear Flattener
- Bear Steepener
- Bearer Form
- Below Par
- Benchmark Bond
- Biased Expectations Theory
- Bid-to-Cover Ratio
- Bigthree
- Bill Auction
- BMA Swap
- BOBL Futures
- Bond Anticipation Note
- Bond Attorney
- Bond Bank
- Bond Broker
- Bond Buyer 11
- Bond Equivalent Yield (BEY)
- Bond Floor
- Bond Insurance
- Bond Laddering
- Bond Purchase Agreement
- Bond Quote
- Bond Rating Agencies
- Bond Swap
- Bond Trustee
- Bond Violation
- Bond Yield
- Bowie Bond
- Brady Bonds
- Breakeven Yield
- Build America Bonds (BABs)
- Bund
- Bureau of Public Debt
- Bustedconvertible
- BWIC
- Call Date
- Call Premium
- Call Price
- Call Protection
- Call Risk
- Callable Security
- Canada Premium Bond (CPB)
- Capital Note
- Cash Management Bill (CMB)
- Cashforbondlending
- CATS
- CBO
- CDO
- Cdo2
- Certificateofindebtedness
- Certificateofparticipation
- CMBX Indexes
- CMTA
- Collateral Trust Bond
- Collateralized Bond Obligation
- Conduit Financing
- Conduit Issuer
- Consent Solicitation
- Constant Default Rate
- Constant Maturity
- Convertible Debenture
- Convertible Subordinated Note
- Convertibles
- Convexity Adjustment
- Corporate Credit Rating
- Coupon
- Coupon Bond
- Coupon Equivalent Rate
- Coupon Stripping
- Covered Bond
- Credit Default Swap Index
- Credit Event
- Credit Linked Note
- Credit Watch
- Crossoverrefunded
- Current Face
- Current Maturity
- Dated Date
- Daycount
- Debenture Redemption Reserve
- Debt Issue
- Debt Tender Offer
- Deep-Discount Bond
- Default Premium
- Default2
- Defeasance
- Defeasance Clause
- Defeasance Process
- Defeasedsecurities
- Deferredinterestbond
- Discount Yield
- Discountbond
- Discountnote
- Diversityscore
- Dollar Bond
- Dollar Duration
- Dollar Price
- Dollar Roll
- Doomsday Call
- Double-Barreled Bond
- Dowjonescdx
- Downgrade
- Dragonbond
- Drop Lock
- Dual Currency Bond
- Early Amortization
- Effective Yield
- Electronic Municipal Market Access (EMMA)
- Empirical Duration
- EMTN
- Esoteric Debt
- Estimated Recovery Value
- Estimated Ultimate Recovery
- Euro Medium Term Note
- Euro Note
- Eurodollarbond
- Excessaccumulationpenalty
- FCCB
- Federal Agencies
- Federally Guaranteed Obligation
- FICC
- Fiscal Agent
- Fixed Incomestylebox
- Flat Bond
- Floater
- Flower Bond
- Forced Conversion
- Foreign Bond
- Foreignbonds
- Full Faith Credit
- Fully Convertible Debenture
- G7 Bond
- Gilt-Edged Bond
- Gilt-Edged Securities
- Gilts
- Ginniemae
- Global Bond
- Government Paper
- Government Security
- Gross Revenue Pledge
- Guaranteed Bond
- Guaranteed Income Bond
- Hard Call Protection
- High Yield Bond Spread
- Horizon Analysis
- Hospital Revenue Bond
- Housing Bonds
- Humped Yield Curve
- Income Bond
- Industrial Revenue Bond
- Inflation Indexedsecurity
- Inflation Protected
- Inflationprotectedsecurity
- Interest-Only Strip
- Intermediatetermdebt
- Interpolated Yield Curve
- ISMA
- Itraxx
- JGB
- Kangaroo Bond
- Kangaroos
- Key Rate Duration
- L Bond
- Lehmanaggregatebondindex
- Liberty Bond
- Loan Stock
- Longbond
- Lotterybond
- Maintenance Bond
- Make Wholecall
- Mandatory Redemption Schedule
- Mandatoryconvertible
- Maple Bond
- MBI
- MBS
- Member Payment Dependent Note
- Michaelmilken
- Mortgage Bond
- Mortgage Cash Flow Obligation
- MSRB
- MTN
- Municipal Investment Certificate
- Municipalbondfund
- Munifacts
- Nationally Recognized Statistical Ratings Organization
- Negative Bond Yield
- Negativecarry
- Netrevenuepledge
- NIF
- Nonamortizing
- Noncallable
- Normalyieldcurve
- Note
- Obligation
- On the Run Curve
- On the Runtreasuries
- One-Year Constant Maturity Treasury (CMT)
- Paperdealer
- Par Yield Curve
- Pass Through Rate
- Passthroughcertificate
- Passthroughsecurity
- Paydown
- Paydownfactor
- Payingagent
- Paymentinkind
- Perpetual Bond
- Perpetual Subordinated Loan
- Pfandbriefe
- Pikbond
- Poolfactor
- Positivecarry
- Pre Funded Bond
- Preferred Debt
- Pro Rata Tranche
- PSA
- Pull to Par
- Pure Discount Instrument
- Putbond
- PVBP
- Rating
- Ratingsservice
- Real Estate Mortgage Investment Conduit (REMIC)
- Refcorp
- Reference Obligation
- Refundedbond
- Reoffer Price
- Repackaging
- Reset Date
- Retailnote
- Reverse Repurchase Agreement
- Ridingtheyieldcurve
- Rolldown
- Runningyield
- Seasoning
- Secured Debt
- Securedbond
- Securednote
- Semi Annual Bond Basis Sabb
- Semiannual
- Senior Convertible Note
- Senior Note
- Sequential-Pay CMO
- Serial Bond
- Series E Bond
- Serieshhbond
- Seriesibond
- Shadow Rating
- Short Coupon
- Short Term Note
- SIFMA
- Sinkable Bond
- Sinkingfundcall
- Softcallprotection
- Sovereign Bond Yield
- Sovereign Debt
- Sovereignbond
- Special Assessment Bond
- Spot Rate Yield Curve
- Spreadtoworst
- Spunderlyingratings
- Stepupbond
- Strip
- Stripbond
- Stripped MBS
- Strippedyield
- Structured Repackaged Asset Backed Trust Security Strats
- Structurednote
- Subsovereignobligation
- Superupsidenote
- Supranational
- Swapcurve
- Swapspread
- Tap Issue
- Tax Exempt Sector
- Tax Exempt Security
- Taxable Municipal Bond
- TBA
- Technical Default
- Tender Panel
- Tenor
- Term to Maturity
- Termstructure
- Thirtyyeartreasury
- Toggle Note
- TRACE
- Traunch
- Treasury Yield
- Treasurydirect
- Treasuryindex
- Treasuryoffering
- Treasuryreceipt
- Treasurystrips
- Trust Indenture
- Trustpreferredsecurity
- Ultra Short Bond Fund
- Unamortized Bond Discount
- Unamortized Bond Premium
- Underlying Debt
- Unlimited Tax Bond
- Unsecured
- Unsecured Note
- Unsubordinateddebt
- Ussavingsbonds
- UST
- Ustreasury
- Utility Revenue Bond
- Variable Rate Demand Note
- Variable Rate Demand Obligation
- Variable Rated Demand Bond
- WAC
- WAMC
- Waterfallpayment
- Weighted Average Remaining Term
- Weightedaveragecreditrating
- Weightedaveragematurity
- Yankee Market
- Yield Basis
- Yield to Average Life
- Yieldcurverisk
- Yieldpickup
- Z Bond
- Zero Couponconvertible
- Ztranche
- 10 Yeartreasury
- 30 Yeartreasury
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