High-Yield Bond
[概述]Ahighpayingbondwithalowercreditratingthaninvestment-gradecorporatebonds,Treasurybondsandmunicipalbonds.Becauseofthehighe
Allonge
[概述]Asheetofpaperattachedtoabillofexchangeforthepurposeofdocumentingendorsements.Theneedforanallongearisesasaresultofalackof
Dollar Bond
[概述]1.AU.S.denominatedbondthattradesoutsideoftheUnitedStates.Alongwiththeprincipal,anycouponpaymentsfromthebondarepaidinU.S.
Refunding Escrow Deposits - REDs
[概述]Atypeofforwardfinancialcontractthatcreatesanobligationforitsinvestorstopurchaseaparticularbondissueataspecifiedyieldatso
Pass-Through Security
[概述]Apooloffixed-incomesecuritiesbackedbyapackageofassets.Aservicingintermediarycollectsthemonthlypaymentsfromissuers,and,af
Fixed Income
[概述]Atypeofinvestingorbudgetingstyleforwhichrealreturnratesorperiodicincomeisreceivedatregularintervalsatreasonablypredictab
Off-The-Run Treasury Yield Curve
[概述]TheU.S.Treasuryyieldcurvederivedusingoff-the-runtreasuries.Off-the-runtreasuriesrefertoU.S.governmentbondsofagivenmaturi
Emerging Markets Bond Index - EMBIEmpirical DurationEnding Market Value (EMV)Effective Interest MethodDroplock SecurityDropDual Currency IssueDumbbellDwarfEarly Amortization
[概述]Abenchmarkindexformeasuringthetotalreturnperformanceofinternationalgovernmentbondsissuedbyemergingmarketcountriesthatare
Average Effective MaturityAverage LifeAverage PriceAxeBa3/BB-Baccalaureate BondBad PaperAustralian Stock Price Riskless Indexed Note - ASPIRINAsian Bond Fund - ABFAsset Swapped Convertible Option Transaction - ASCOT
[概述]Forasinglebond,itisameasureofmaturitythattakesintoaccountthepossibilitythatabondmightbecalledbacktotheissuer.Foraportfol
Below Par
[概述]Atermdescribingabondwhosepriceisbelowthefacevalueorprincipalvalue,usually$1,000.Asbondpricesarequotedasapercentageofface
Accrual Rate
[概述]Therateofinterestthatisaddedtotheprincipalofafinancialinstrumentbetweencashpaymentsofthatinterest.Forexample,asix-monthb
Yield EquivalenceYield MaintenanceYield PickupYield SpreadYield To Average LifeYield To CallYield BasisYield BurningYield Curve RiskWilliam H. Gross
[概述]Theinterestrateonataxablesecuritythatwouldrenderareturnequivalenttothatofatax-exemptsecurity,andviceversa,calculatedasfo
Coupon Equivalent Rate - CER
[概述]Aalternativecalculationofcouponrateusedtocomparezero-couponandcouponfixed-incomesecurities.Formula:|||Becausethequotedra
Catastrophe Bond - CAT
[概述]英文名稱：CatastropheBond中文名稱：災難債券一種收益較高的債務工具，發行此債務工具主要是爲了應付出現自然災害的資金需求。此種債務工具一般設有特殊條款，當發行人遭受既定的自然災害時，其償還責任可延期甚至豁免。eb1619e81e
Inverse Floater
[概述]Abondorothertypeofdebtwhosecouponratehasaninverserelationshiptoabenchmarkrate.Aninversefloateradjustsitscouponpaymentast
SEC Yield
[概述]AstandardyieldcalculationdevelopedbytheSecuritiesandExchangeCommission(SEC)thatallowsforfairercomparisonsofbondfunds.Iti
Standby Note Issuance Facility - SNIF
[概述]Atypeofcreditfacility,oftenabank,thatacceptsanarrangementthatfinancesprojectsviasecondaryobligations.SNIFswillguaranteep
Yield Pickup
[概述]Againinyieldachievedbysellingonebondandbuyinganotherwithahigheryield.|||Usually,thisissimplycalled"pickup".Ifthebondrati
Doomsday Call
[概述]Acallprovisionaddedtofixedincomesecuritiesthatallowsforearlyredemptionbytheissuerifcertainconditionsarefavorable.|||Also
Hard Loan
[概述]Aforeignloanthatmustbepaidinthecurrencyofanationthathasstabilityandareputationabroadforeconomicstrength(ahardcurrency).|
Net Debt To Assessed Valuation
[概述]Inamunicipalbondissue,aratiomeasuringthevalueofthemunicipality'snetdebtcomparedtothespecifiedvalueoftherealpropertybeing
Private Purpose Bond
[概述]Atypeofmunicipalbondthatisusedtofinanceprivateratherthanpublicfacilitiesandprojects.Forexample,theconstructionofanewairp
25% Rule
[概述]1.Theideathatalocalgovernment'slong-termdebtshouldnotexceed25%ofitsannualbudget.Anydebtbeyondthisthresholdisconsideredex
Net Debt To Estimated Valuation
[概述]Aratiocomparingthenetvalueofamunicipalbondissuetotheestimatedmarketvalueofthepropertysecuredbythedebt.Thisratiocandiffer
Fungibles
[概述]Goods,securitiesorinstrumentsthatareequivalentand,therefore,interchangeable.Inotherwords,theyaregoodsthatconsistofmanyid
Harmless Warrant
[概述]Awarrantthatrequirestheholdertosurrenderasimilarbondwhenpurchasinganewfixed-incomeinstrument.Forthewarranttobeexercisabl
Serial Bond With Balloon
[概述]Acombinationofaserialbondissueandatermbondissue.Essentially,theserialbondwithballoonhasbondsthatmatureatdifferentinterva
Letter Of Credit
[概述]Aletterfromabankguaranteeingthatabuyer'spaymenttoasellerwillbereceivedontimeandforthecorrectamount.Intheeventthatthebuye
Mortgage Revenue Bond - MRBMortgage Subsidy BondMulti-Callable BondMunicipal Bond ArbitrageMunicipal Bond FundMortgage CompanyMortgage Excess ServicingMoney Market YieldMoney MarketMonoline Insurance Company
[概述]Afundingsourceforhomemortgages.Mortgagerevenuebondshelplow-andmiddle-incomefirst-timehomebuyersbyofferinglong-termmortga
Bankruptcy Risk
[概述]英文名稱：BankruptcyRisk中文名稱：破產風險指公司資不抵債或無力償債的風險。股票或債券投資者在投資一家公司時，除了考慮收益率，通常也要分析其債務狀況和償還能力，評估破產風險，也稱insolvencyrisk。e.g.Whatwe
Balloon Interest
[概述]Anincreasedcouponrateonthelongertermmaturityinstrumentswithinaserialbondissue.Inaserialissue,bondsmatureatdifferentinter
Repurchase Agreement - Repo
[概述]Aformofshort-termborrowingfordealersingovernmentsecurities.Thedealersellsthegovernmentsecuritiestoinvestors,usuallyonano
Underlying Debt
[概述]Inmunicipalbonds,underlyingdebtrelatestoanimplicitunderstandingthatthedebtofsmallergovernmentalentitiesmightalsobebacked
Fairway BondFarmer Mac - Federal Agricultural Mortgage Corporation - FAMCFederally Guaranteed ObligationsFine PaperEurocreditEurodollar BondEuropean Callable BondEuroyen BondEvent-Linked BondEx-Legal
[概述]Atypeofbondthataccruesinterestiftheembeddedindexorinterest-rateoptionunderlyingthebondremainswithinaspecifiedrange.Thefa
Discount Bond
[概述]英文名稱：DiscountBond中文名稱：貼現債券／折扣債券指以低於面值發行，到期按面值償付的債券。其發行價與面值之差便是預先支付的利息。貼現債券一般爲短期債券。e.g.ThebenchmarkpesoAbondthatisissuedf
Maintenance Bond
[概述]Atypeofsuretybondpurchasedbyacontractorthatprotectstheownerofacompletedconstructionprojectforaspecifiedtimeperiodagainst
Empirical Duration
[概述]Thecalculationofabond'sdurationbasedonhistoricaldata.Empiricaldurationisestimatedstatisticallyusinghistoricalmarket-base
Pre-Refunding Bond
[概述]Atypeofbondissuedtofundanothercallablebond,wheretheissueractuallydecidestoexerciseitsrighttobuyitsbondsbackbeforethesche
Closed-End Indenture
[概述]Aterminabondcontractthatguaranteesthatthecollateralusedtobackthebondissuecannotbeusedagaintobackanotherbondissue.Thisist
Five Against Note Spread - FAN
[概述]Aspreadinthefuturesmarketscreatedbytakingoffsettingpositionsinfuturescontractsforfive-yeartreasurynotesandten-yeartreasu