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Term of the Day
level-coupon bond
level term insurance
level-load fund
Definition
A
bond
with
coupon
payment
amounts
that remain the
same
throughout the
life
of the bond. While many bond coupon
payments
are indexed to
inflation
or other
factors
, level-coupon
bonds
pay out
a set
percentage
of the
principle
of the bond until
maturity
.
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Popular 'Bonds' Terms
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