fixed-dollar obligations


Bonds, preferred stock, and treasury bills for which the issuer pays a fixed rate of interest and, upon maturity, a fixed amount of principal. For example, an issue of bonds that pays interest at a fixed percentage rate - thus the issuer knows exactly how much money is to be paid to the bond holders on the prearranged dates. also called fixed-dollar securities.
Browse Definitions 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
fixed-charge coverage ratio fixed-for-fixed swaps