interest on bonds
61Net Interest Cost (NIC) — A mathematical formula that an issuer of bonds uses to compute the overall interest expense that is associated with their bonds, which they will have to pay. The formula for net interest cost (NIC) is based on the average coupon rate weighted to… …
62marine interest — The interest allowable on bottomry and respondentia bonds, such being at an exceptionally high rate on account of the hazard of loss of both principal and interest. 48 Am J1st Ship § 601. Although bottomry and respondentia bonds usually make… …
63Bowie Bonds — are asset backed securities of current and future revenues of the first 25 albums (287 songs) of David Bowie s collection recorded before 1990. Issued by David Bowie in 1997, they were bought for $55 million by the Prudential Insurance Company.… …
64high yield bonds — high yield debt/high yield bonds Also known as junk bonds. bonds rated by credit rating agencies as sub investment grade (in other words, below BBB in the case of Standard & Poor s or below BAA in the case of Moody s). They tend to be fixed rate …
65high-yield bonds — high yield debt/high yield bonds Also known as junk bonds. bonds rated by credit rating agencies as sub investment grade (in other words, below BBB in the case of Standard & Poor s or below BAA in the case of Moody s). They tend to be fixed rate …
66Build America Bonds - BABs — Taxable municipal bonds that feature tax credits and/or federal subsidies for bondholders and state and local government bond issuers. Build America Bonds (BABs) were introduced in 2009 as part of President Obama s American Recovery and… …
67zero coupon bonds — are corporate or municipal debt securities that trade at a deep discount from the face value, as the bond pays no interest to the bondholders during its lifetime. Exchange Handbook Glossary Zero coupon bonds are corporate or municipal debt… …
68zero-coupon bonds — are corporate or municipal debt securities that trade at a deep discount from the face value, as the bond pays no interest to the bondholders during its lifetime. Exchange Handbook Glossary Zero coupon bonds are corporate or municipal debt… …
69Housing Authority Bonds — A short term or long term bond issued by state or local governments to help finance the construction or rehabilitation of affordable rental housing. Under certain programs, the proceeds from Housing Authority bonds may also be used to help low… …
70mortgage bonds — A common type of secured corporate bond. The bond indenture for mortgage bonds, along with associated documents executed by the issuer, provides for the bondholders to have, through the trustee, an interest in real property collateral. For… …
