InvestorWords.com

Definitions (2)

1. A colloquial term for a type of bond that is immediately purchased by dealers so they can resell it directly to investors. This is different from a typical bond, which is normally purchased and held as inventory for resale later in the future. Because of the nature of debt instruments, they do not result in adverse price effects in the bond market.

2. A colloquial term for the purchase of a large number of serial bonds issued in a particular maturity.

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