interest on bonds
91Deferred Interest Bond — A debt instrument that pays no interest until a date specified in the future. Zero coupon bonds are a form of deferred interest bond …
92Term Structure Of Interest Rates — A yield curve displaying the relationship between spot rates of zero coupon securities and their term to maturity. The resulting curve allows an interest rate pattern to be determined, which can then be used to discount cash flows appropriately.… …
93Separate Trading of Registered Interest and Principal Securities — ( STRIPS ) long term notes and bonds divided into principal and interest paying components, which may be transferred and sold in amounts as small as $1000. STRIPS are sold at auction at a minimum par amount, varying for each issue. The amount is… …
94high-interest — UK US adjective [before noun] FINANCE ► used to describe bonds or other investments that earn a lot of money: »a high interest savings account …
95Exchequer bonds — Exchequer Ex*cheq uer, n. [OE. escheker, OF. eichekier, fr. LL. scaccarium. See {Checker}, {Chess}, {Check}.] 1. One of the superior courts of law; so called from a checkered cloth, which covers, or formerly covered, the table. [Eng.] [1913… …
96Municipals-Over-Bonds Spread - MOB — The difference in yields between a municipal bond and a Treasury bond with the same time to maturity. The MOB is sometimes used for determining tax strategies. Most MOB spread calculations actually use the yield implicit in futures prices… …
97municipal bonds — n. Securities sold by a city, county, state, or other local government body to raise money for municipal expenses and projects, payable at a specified future date with interest that is exempt from federal and some state income tax. The Essential… …
98special tax bonds — or notes Municipal securities that are repaid solely from specific taxes. These taxes are typically excise taxes imposed upon purchases of items such as gasoline, tobacco products, or liquor. Only the revenue collected from that specific tax is… …
99special tax bonds or notes — Municipal securities that are repaid solely from specific taxes. These taxes are typically excise taxes imposed upon purchases of items such as gasoline, tobacco products, or liquor. Only the revenue collected from that specific tax is available… …
100arbitrage bonds — municipality issued bonds issued intended to gain an interest rate advantage by refunding a higher rate bond in ahead of their call date. Lower rate refunding issue proceeds are invested in Treasuries until the first call date of the higher rate… …
