Bonds Terms and Definitions

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10% guideline
10-Q
10-Year Treasury Note
20% cushion rule
25% rule
30-Year Treasury
501-(C)(3) bond
A rating
A2/P2 spread
AA rating
AAA rating
above par
absolute priority rule
absolute rate
access bond
accreted value
accretion of discount
accrual bond
accrual of discount
accrued discount
accrued interest
accrued market discount
accumulated interest
accumulation bond
acknowledge
active bond
active bond crowd
active management
active tranche
additional bonds test
adjusted exercise price
adjustment bond
ADP
advance payment bond
advance refunding
affirmative covenant
after-tax basis
after-tax return
agency bond
aggregate risk
airbag swap
airport revenue bond
all weather fund
allocation
alpha generator
American Municipal Bond Assurance Corporation
American Stock Exchange
AMEX
amortization of premium
amortized bond
amortized value
amortizing interest rate swap
amortizing security
anticipation note
any-interest-date call
arbitrage bond
arrearage
arrears
arrears swap
Asian Bond Market Initiative (ABMI)
ask
asked price
asking price
assessment bond
asset allocation
asset backed commercial paper
asset class breakdown
asset coverage
asset swap
asset swapped convertible option transaction
asset-backed security
asset-coverage test
asset-swap spread
assignment form
Association of International Bond Dealers (AIBD)
assumed bond
at par
auction
auction rate
auction rate securities (ARS)
Australian stock price riskless indexed note (ASPIRIN)
authority bond
automated bond system
average discount rate
average duration
average effective duration
average effective maturity
average nominal maturity
average weighted maturity
axe
B rating
baby bond
baccalaureate bond
backdoor borrowing
backup line
bailment
bailout bond
balanced fund
balloon interest
balloon maturity
bank anticipation note (BAN)
bank-eligible issues
Barron's Confidence Index
basis book
basket
BB rating
BBB rating
bear flattener
bear steepener
bearer
bearer bond
bearer instrument
bellwether
below par
benchmark bond
benchmark interest rate
best ask
best bid
bid
bid bond
bid-to-cover ratio
bid/ask spread
Bill
bill announcement
bill auction
bill pass
blanket bond
blanket fidelity bond
blanket honesty bond
blanket position bond
blend fund
blended yield to maturity
block
block positioner
block trade
Blue List
Bolsa De Madrid
Bolsa Mexicana De Valores
Bolsas Y Mercados Espanoles
bond
bond agreement
bond anticipation note
bond attorney
bond basis book
bond broker
Bond Buyer
Bond Buyer 11
Bond Buyer 20
Bond Buyer Index
Bond Buyer's Municipal Bond Index
bond calendar
bond certificate
bond circular
bond conversion
bond counsel
bond crowd
bond discount
bond dividend
bond equity earnings yield ratio (BEER)
bond equivalent yield
Bond ETF
bond floor
bond for bond lending
bond fund
bond futures
bond holder
bond indenture
bond index
bond indexing
bond issue
bond laddering
bond ladders
bond market
Bond Market Association
Bond Market Association (BMA) swap
bond market index
bond mutual fund
bond option
bond ordinance
bond point
bond power
bond premium
bond price elasticity
bond quote
bond rating
bond ratio
bond resolution
bond risk premium
bond spread
bond swap
bond trustee
bond valuation
bond value
bonded
bonded debt
bondholder
bonds enabling annual retirement savings (BEARS)
bonds payable
book-entry security
Borsa Italiana
Brady bond
Build America Bonds (BABs)
builder's bonds
bull and bear bonds
bull bond
bulldog bond
bullet bond
bullet contract
bunny bond
Bureau of Public Debt
business risk
busted bond
busted convertible
butterfly shift
buy
buyback
C rating
cabinet crowd
cabinet security
cabinet trade
calculation agent
call
call date
call price
call protection
call provision
call risk
callable
callable bond
called away
called bond
Canada Premium Bond (CPB)
Canada savings bond
Canadian Originated Preferred Securities (COPrS)
canary call
cap
capital market
capital market efficiency
capital structure
capitalization
capitalization ratio
capped note
cash bond
cash equivalents
cash in
cash plus convertible
cash reserves
CAT bond
catastrophe bond
catastrophe call
CBO
CC rating
CCC rating
certificate
certificate in investment performance management (CIPM)
certificate of accrual on treasury securities
Certificate of Government Receipts (COUGRs)
Certificate of Participation
certificateless municipal bond
Certificates for Amortizing Revolving Debts
certificates of accrual on treasury securities (CATS)
chart
chastity bond
chattel mortgage bond
circular
citizen bond
class
Clinton bond
CLO
closed period
closed-end indenture
CMO
CoCo Bonds
collar
collateral trust certificate
Collateralized Bond Obligation
collateralized debt obligation
Collateralized Mortgage Obligation
Collaterized Loan Obligation
COLTS
combination bond
combination matching
commercial mortgage-backed security
commercial paper
Commercial Paper Funding Facility
Committee on Uniform Securities Identification Procedures
Commodity Research Bureau Index (CRB)
commodity-backed bond
common stock equivalent
companion bonds
conditional call option
conduit bond
consol
consolidated bond
consolidated mortgage bond
constant maturity treasury
constant yield method
construction bond
construction loan note
consumer debenture
contagion
contingent convertibles (CoCos)
continuously offered longer-term securities (COLTS)
contractual claim
conversion
conversion option
conversion parity price
conversion premium
conversion price
conversion ratio
conversion value
convertibility clause
convertible
convertible bond
convertible bond arbitrage
convertible debenture
convertible debt
Convertible Eurobond
convertible exchangeable preferred stock
convertible price
convertible security
convertible subordinate note
convex
convexity
corporate bond
corporate bond equivalent
corporate equivalent yield
corporate taxable equivalent
corporate trust
corpus
cost of money
coupon
coupon bond
coupon equivalent yield (CEY)
coupon pass
coupon rate
coupon yield
covered bond
credit analysis
credit analyst
credit market
credit quality
credit risk
cross calling
crossover credit
crossover refunded
cumulative liability
current coupon bond
current issue
current market value
current maturity
current production rate
current yield
curve steepener trade
cushion
cushion bond
CUSIP
CUSIP number
custodial receipt
date of payment
day count convention
de minimis tax rule
dealer market
death spiral convertible
death-backed bonds
debenture
debt
debt capital
Debt Ceiling
debt financing
debt fund
debt instrument
debt limit
debt limitation
debt market
debt shelf
debt tender offer
debt to equity
debt warrant
debt-based asset
debt-equity swap
debt/equity ratio
debtholder
debtor
deep-discount bond
default premium
default rate
deferment period
deferred interest bond
definitive securities
delayed annuity
deleveraged floater
deliverable bills
delivery option
delivery vs. payment
delivery vs. receipt
delivery vs. repayment
denomination
depository trust and clearing corporation
Depository Trust Company
derivative
derivatives time bomb
detachable warrant
digested security
direct access notes (DANs)
direct issuer
direct paper
discount
discount bond
discount margin
discounted
discounted bond
distribution date
dollar bond
dollar bond index linked securities (dollar BILS)
dollar duration
dollar price
dollar roll
domestic bond
double exempt
double tax-exemption
doubling option
downgrade
Dragon Bond
drawn securities
droplock security
dual currency bond
dual currency issue
dual currency swap
dual listing
due date
duration
duration gap
duration matching strategy
Dutch auction
DV01
DVP
DVR
dwarf
effective duration
effective rate
effective yield
election period
eleven bond index
eligible paper
embedded option
Emerging Markets Bond Index (EMBI)
empirical duration
equity linked Eurobond
equity premium puzzle (EPP)
equity risk premium
equity-linked note
equivalent taxable yield
escrowed to maturity
Euro certificate of deposit (EURO CD)
Euro medium term note
Euro straight
Eurobond
Euroclear
Eurodollar bond
Euroequity issues
European callable bond
European Covered Bond Council (ECBC)
Euroyen bond
event risk
event-linked bond
ex-legal
excess cash flow
excess spread
exchange
exchange traded note
exchangeable bond
exchangeable debenture
exchangeable security
exempt income
exempt security
extendable bond
extendible note
extension swap
external financing
external funds
external market
extraordinary call
face value
face-amount certificate
factor model
fallen angel
Fannie Mae
federal agency bond
federal agency securities
federal bond
Federal Home Loan Mortgage Corporation
Federal National Mortgage Association
Federal Reserve Bank Note
FHLMC
fidelity bond
fiduciary bond
finance
financial instrument
financial market
financing flows
fine paper
first call date
fiscal agent
Fitch Investors Service
Fitch Ratings
fitch sheets
five against bond spread (FAB)
fixed income
fixed income equivalent
fixed income fund
fixed income instruments
fixed income unit investment trust
fixed maturity plan
fixed rate tax
fixed-dollar obligations
fixed-income arbitrage
fixed-income assets
fixed-income style box
fixed-rate capital securities
flat
flat scale
flat trades
flat yield curve
flight to quality
flip-flop note
floater
floating supply
floating-rate bond
flow of funds
flower bond
FNMA
forced conversion
foreign bond market
foreign crowd
foreign currency convertible bond (FCCB)
forward
free bond
freedom shares
full
full coupon bond
full lot
full price
G7 bond
general mortgage bond
General Obligation Bond
GIC
gilt
gilt edged bond
Ginnie Mae
Ginnie Mae pass-through
global bond
GNMA
gnomes
going away
gold bond
gold reserve
good delivery
Government Bond
Government National Mortgage Association
Government Paper
government securities
Government Securities Clearing Corporation
grade
graduated security
grandfathered bond
green bond
gross revenue pledge
GSCC
guaranteed bond
Guaranteed Investment Contract
H
hard call protection
heavy market
high yield
high-coupon bond refunding
high-grade bond
high-premium convertible debenture
high-yield bond spread
high-yield financing
hospital revenue bond
housing bond
hurricane bond
hybrid instrument
hybrid security
I bonds
Iceland Stock Exchange (ICEX)
implied repo rate
imputed interest rate
in arrears
in escrow
inactive stock/bond
income bond
indemnity bond
indenture
independent investments
index bond
index model
index-linked bond
index-linked gilt
index-linked savings certificate
industrial bond
Industrial Development Bond (IDB)
industrial development revenue bonds (IDRBs)
industrial revenue bond
inflation-adjusted principal
inflation-indexed security
inflation-linked savings bond (I bond)
inflation-proof security
inflation-protected security (IPS)
installment bond
insurance bond
insured bond
interchangeable bond
interest bearing investment

interest coverage ratio
interest rate collar
interest rate differential (IRD)
interest rate risk
interest rate swap
interest subsidy
interest-bearing
interest-elastic
interest-inelastic
interim certificate
intermarket spread swap
intermarket spread swaps
intermediate bond
intermediate-term
international bond
International Swaps and Derivatives Association
interpolated yield curve (I curve)
intramarket sector spread
intrinsic value
inverse floater
inverse floating rate note
inverted scale
inverted yield curve
invested capital
investment bill
investment grade debt instrument
investment letter
investment memorandum
investment mix
investment security
investment value
investment-grade bond
Irish Stock Exchange (ISE)
irredeemable bond
irregular coupon
ISIN
issue
issue date
issuer
Jakarta Stock Exchange (JSE)
Japanese Government Bond
joint bond
jump Z-tranche
junior
junior note
junior refunding
junk bond
kangaroo bond
kicker
kitchen sink bond
law day
law of one price
Lehman Aggregate Bond Index
Lehman Brothers Asset-Backed Securities Index
Lehman Brothers government/corporate bond index
Lehman Investment Opportunity Note (LION)
letter security
Level 1 asset
Level 2 asset
Level 3 asset
level-coupon bond
leveraged loan
leveraging
levered
levered free cash flow
Liberty Bond
limitation on merger, consolidation, or sale
limitation on sale-and-leaseback
limitation on subsidiary borrowing
limited risk
limited tax bond
limited-tax general obligation bond
liquid theory of the term structure
liquid yield option note
liquidity agreement
liquidity premium
liquidity risk
listed
listing
Little Board
London Stock Exchange (LSE)
Long Bond
long coupon
long position
long-term
long-term investor
longevity bond
longevity derivatives
lost instrument bond
low grade
low-coupon bond refunding
M-Camp
Macaulay Duration
maintenance and replacement call
maintenance bond
make-whole call provision
mandatory redemption schedule
mandatory sinking-fund redemption
mandatory tender bond
maple bond
marginal cost of capital
market basket
market capitalization
market conversion price
market discount
market index deposit (MID)
market risk premium
marketability
marketable security
marking up or down
Marks-Roos bonds
master notes
matador bond
matched maturities
matrix trading
matured
matured non-interest-bearing debt
maturity
maturity basis
maturity by maturity bidding (MBM)
maturity date
maturity gap
maturity schedule
maturity spread
maturity value
MBIA
MBS
MBS pool number
medium-dated gilt
medium-term
medium-term bond
medium-term note
medium-term noteholder
mezzanine debt
Michael Milken
minimum yield
minus yield
mob spread
modified duration
money market
money market deposit account
money market mutual fund
Moody's Investment Grade (MIG)
moral obligation bond
mortgage bond
mortgage cash flow obligation (MCFO)
mortgage pass-through security
mortgage pool
mortgage revenue bond
mortgage spread duration
mortgage subsidy bond
mortgage-backed certificate
mortgage-backed security
MTA Index
multi-callable bond
multiperiod immunization
muni
muni fund
municipal bond
municipal bond arbitrage
municipal bond fund
municipal bond index
municipal bond insurance
Municipal Bond Insurance Association
municipal bond market
municipal convertible
municipal inflation linked securities
municipal investment trust
municipal note
municipal over bond (MOB) spread
municipal revenue bond
municipal security
Munifacts
naked warrant
name position bond
National Market System
near money
negative arbitrage
negative pledge clause
negative yield curve
negotiable security
net debt to assessed valuation
net debt to estimated valuation
net interest cost (NIC)
net revenue pledge
new money
New York Stock Exchange
Nine-Bond Rule
nob spread
nominal
nominal rate
nominal yield
non-callable
non-callable bond
non-interest-bearing note
non-investment grade
noncompetitive bid
nondiversifiable risk
nonrated
nonrefundable
normal yield curve
not rated
note
note auction
Notice of Sale
NYSE
obligation
obligation bond
obligor
odd coupon
off the run Treasury yield curve
off-the-run Treasuries
offer
offering
offering circular
offering price
offering scale
official statement
OID
on the run Treasury yield curve
on-the-run Treasuries
open end indenture
option-adjusted yield
optional call
optional payment bond
original face
original face value
Original Issue Discount
original maturity
original-issue discount bond (OID)
Oslo Bors (OSE)
OTC Bulletin Board
OTCBB
out-of-favor
outside financing
outstanding
Over-the-Counter
PAC bond
paper
paper dealer
par
par bond
par value
par yield curve
participating GIC
participation certificate
pass-through
pass-through coupon rate
passive bond
patriot bond
paying agent
payment date
payment-in-kind security
pc
performance bond
period of digestion
permanent financing
perpetual floating-rate note
perpetual warrant
Pfandbriefe
phantom income
pickup
pickup bond
placement ratio
plain vanilla
point
poison put
policyholder loan bonds
pool
portfolio interest
positive convexity
positive yield curve
preferred debt
preferred redeemable increased dividend equity securities (PRIDES)
preliminary official statement
premium
premium adjustable convertible security (PEACS)
premium bond
premium over bond value
premium over conversion value
premium put convertible
prepayment speed
prerefunding
presale order
price risk
Price Value of a Basis Point
price-based option
primary distribution
primary instrument
primary offering
prime paper
prior lien bond
private activity bond (PAB)
private purpose bond
private sector pass-through
privileged bond
project completion restriction
proportional spread
prospectus
protective stop
provisional call feature
provisional rating
public bond
public housing authority bond
public offering
public purpose bond
Public Securities Association Standard Prepayment Model (PSA Model)
pulling in their horns
purchase
pure discount instrument
pure yield pickup swap
put bond
put provision
PVBP
qualified legal opinion
quality spread
quotation
quote
rate anticipation swap
rate covenant
rate trigger
rating
rating service
re-offer price
Real Estate Mortgage Investment Conduit
rebate
recapitalization
redeem
redeemable
redeemable bond
redemption
redemption date
redemption price
refund
refunding
refunding escrows deposits (REDS)
refunding risk
registered bond
registered coupon bond
registered security
registrar
regular-way delivery
remaining maturity
REMIC
rentier
reorganization bond
repayment terms
required yield
reset bonds
Residential Mortgage-Backed Security
residual interest bond (RIB)
residual security
restricted security
retail note
retire
retractable bond
return
revenue anticipation note
revenue bond
reverse convertible bond
reverse convertible note (RCN)
reverse swap
revolving underwriting facility (RUF)
risk
risk-free asset
risk-free rate puzzle (RFRP)
risk-free return
riskless asset
riskless rate of return
roll-down return
round lot
rundown
Savings Bond
savings bond plan
scrip
scripophily
seasoning
SEC
SEC filing
secondary distribution
secondary market
secondary offering
secured bond
securities
Securities and Exchange Commission
Securities Industry and Financial Markets Association
security
self-liquidating bond
self-supporting bond
self-supporting debt
sell
selling flat
semi-annual bond basis (SABB)
SENAF
senior refunding
sentiment
serial bond
serial bond with balloon
serial redemption
series bond
Series E bond
Series EE bond
Series HH bond
Series I Bond
shadow rating
shelf offering
shelf registration
short bond
short coupon
short-term
short-term bond fund
short-term debt
short-term funding
short-term reserves
sideways
sinkable bond
sinker
sinking fund
sinking fund call
SIX Swiss Exchange
sour bond
sovereign debt
special assessment bond
special bond account
special miscellaneous account
special-purpose bond
speculative debt instrument
split coupon bond
split offering
split rating
spot rate
spot rate Treasury curve
spot yield curve
spread duration
spread to worst
spreadlock
staggered maturities
stamped security
stated maturity
step down note
step-up bond
stepped coupon bond
sterling warrant into gilt-edged stock
stock buyback
stop-out price
straight bond
straight value
strip
strippable bond
stripped coupon
stripped yield
structured note
structured yield product exchangeable for stock (STRYPES)
Student Loan Marketing Association
sub-sovereign obligation (SSO)
subordinated
subordinated bonds
subordinated debenture bond
subscription warrant
substantially identical security
substitution bond swap
substitution swap
super senior
super sinker bond
surety
surety bond
swap dealer
swap reversal
sweetener
systematic risk
T-Bill
TAC bond
targeted accrual redemption note (TARN)
targeted amortization class bond
tax anticipation note
tax renevue anticipation note
tax-exempt bond
tax-exempt security
tax-free bond
taxable bond
taxable municipal bond
ten percent guideline
term
term bond
term to maturity
terminal value
territory bond
thirty-day visible supply
TIPS
toggle note
toll revenue bond
ton
total bond fund
total return swap
trade
trading
tranche
transportation bond
Treasuries
Treasury auction
Treasury Bill
Treasury Bond
Treasury Direct
Treasury Inflation-Protected Security
treasury investment growth receipt (TIGR)
Treasury Investment Growth Receipts (TIGRs)
Treasury real yield curve
Treasury real yield curve rates
Treasury receipt
treasury yield
Treasury yield curve
triple exemption
triple tax exempt
Trust Indenture Act of 1939
trust-preferred security
twenty bond index
twenty-five percent rule
twenty-percent cushion rule
U.S. Government Agency Security
U.S. Government Securities
U.S. Savings Bond
U.S. Savings Bond Adjustment
U.S. Treasury
U.S. Treasury Bill
U.S. Treasury Bond
U.S. Treasury Note
U.S. Treasury Securities
underlying debt
underperformer
undiversifiable risk
Unified Managed Account (UMA)
unit
unlimited risk
unlimited tax bond
unlisted
unseasoned issue
unsecured bond
unsecured debt
unsubordinated debt
upgrade
value
variable coupon renewable note (VCR)
variable rate note
variable-price security
wallpaper
war bond
warrant
wasting asset
watch list
weighted average credit rating
White's rating
Whoops
Wiener Börse Ag
wild card option
wild card play
with interest
workout period
worth
worthless
wt
X or XD
Yankee bond market
yardstick
Yellow Sheets
yen bond
yield
yield advantage
yield burning
yield curve
yield curve risk
yield elbow
yield equivalence
yield rate
yield spread
yield to call
yield to maturity
yield to worst
Z-spread
Z-tranche
zero curve
zero-coupon bond
zero-coupon convertible
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