straight bond

Definition

Bond which will pay back the principal on its maturity date, will pay a specified amount of interest on specific dates, and does not carry a conversion privilege or other special features.

Use straight bond in a sentence

You should try to shop around and make sure you are getting in at the right time on any straight bond you want.

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I preferred the straight bond method because there was a lot more going for it dd it did not have a lot of extra aspects.

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The straight bond was a necessary security to include in the portfolio because the investor wanted that particular maturity date.

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straddle exchangeable bond