level-coupon bond

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.
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
level term insurance level-load fund