agency security A
security issued by a US federal agency or government sponsored enterprise.
Interest that is earned but not yet paid on a bond.
registered and bearer bonds Three forms of bonds differing in
how ownership is evidenced.
callable bond A bond which allows the issuer to repurchase the bond for a specified
price on certain dates prior to the bond's maturity.
stock Non-preferred stock.
Any of several methods of crediting interest in which interest is earned on interest.
A bond issued by a corporation.
credit risk Risk due to
uncertainty in a counterparty's ability to meet its obligations.
duration and convexity
Risk metrics employed in fixed income markets.
fixed income term structures Overview article.
A fixed income instrument whose coupon fluctuates with some designated reference
instrument A financial instrument that blend characteristics
of debt and equity markets.
interest rate risk
Risk due to uncertain future interest rates.
spreads Discusses credit spreads, liquidity spreads,
optionality spreads, etc. in the fixed income markets.
rate swap A swap under which both cash flow streams are in the same currency and are defined as cash flow streams that might be associated with some fixed income obligations.
bond Any bond issued or invested in across national boarders.
A bond whose credit rating is below BBB.
leverage Debt financing or anything that can similarly magnify the risk
and reward of an investment.
backed security A security interest in
A debt security issued by a local government or its agencies or authorities in
the United States or its territories.
financing Financing that does not appear on a firm's balance sheet.
par value A stated
value for a security.
Stock that is senior to common stock and pays a fixed dividend.
A non-public offering of securities.
date the date on which the owners of a security are identified
for the purpose of making an upcoming interest or dividend
risk Risk from uncertainty in the interest rate at which
future cash flows may be invested.
The process of pooling assets and selling interests in the pool to
financial instrument such as a stock or bond.
A provision that requires an issuer of bonds or preferred stock to retire some of the
issue each year.
US Federal Government debt obligation issued by the Department of Treasury.
Any of several metrics of the income or return to be earned from an investment.
bond A bond that pays no coupons, pays its par value at
maturity and is issued at a discount.