Bond Glossary
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This Finance Wikia page gives a list of various terms associated with Bonds, a major segment of Investments.
Please feel free to update the list and add more information about these terms.
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[edit] A
- Accreted value
- Accretion bond
- Accrual bond
- Accrued interest
- Active tranche
- Ad valorem tax
- Adjustable-rate mortgage (ARM)
- Advance refunding
- Agency transaction
- Agreement Among Underwriters (AAU)
- Allotment
- All or none (AON)
- Alternative Minimum Tax (AMT)
- Amortization
- Arbitrage
- Arbitrage certificate
- Ask price
- Ask yield
- Assessed valuation
- Auction
- Auction rate bonds
- Authority
- Authorizing resolution
- Average life
[edit] B
- Basis point
- Basis price
- Bearer security
- Benchmark
- Beneficial owner
- Bid
- Bid list
- Bill
- Blended yield to maturity
- Blue-sky memorandum
- Bond
- Bond anticipation note (BAN)
- Bond bank
- Bond counsel
- Bond equivalent yield
- Bond funds
- Bond insurance
- Bond purchase agreement (BPA)
- Bond resolution
- Bond swap
- Bond year
- Book entry
- Bought deals
- Broker
- Bullet
[edit] C
- Call
- Callable
- Call date
- Call premium
- Call price
- Call protection
- Call risk
- Cap
- Carry
- Certificate of ownership
- Certificates of participation (COPs)
- Clean CMO
- Closed-end investment company
- Closing date
- Collar
- Collateralized mortgage obligation (CMO)
- Commission
- Common stock
- Companion tranche
- Competitive underwriting or sale
- Compound accreted value
- Concession
- Confirmation
- Constant maturity treasury (CMT)
- Confirmation
- Constant prepayment rate (CPR)
- Continuing disclosure
- Conventional mortgage loan
- Convertible
- Convexity
- Cost of Funds Index (COFI);
- Counterparty
- Coupon
- Covenant
- Cover bid
- CP Index
- CPI-U
- Credit enhancement
- Credit ratings
- Credit spread
- Current face
- Current refunding
- Current yield
- CUSIP
[edit] D
- Dated date (or issue date)
- Daycount
- Dealer
- Dealer bank
- Debenture
- Debt limit
- Debt service
- Debt service coverage
- Debt service requirements
- Debt service reserve fund
- Deep discount
- Default
- Default risk
- Defeasance
- Denomination
- Derivative
- Discount
- Discount bond
- Discount margin
- Discount note
- Discount rate
- Distribution of principal
- Divided account
- Dollar bond
- Double and triple tax-exemption
- Double-barreled bond
- Double exemption
- Downgrade risk
- Duration
[edit] E
- Embedded option
- Evaluator
- Excess spread
- Exempt facilities bond
- Expected maturity date
- Extension risk
- Extraordinary redemption
[edit] F
- Face amount
- Face value
- Factor
- Federal funds rate
- Federal Reserve commercial paper composite
- Final maturity date
- Financial advisor
- Financial and operations principal
- Firm
- Fixed-rate bond
- Fixed-rate mortgage
- Floating-rate bond
- Floor
- Flow of funds
- Forward cap
- Forward floor
- Forward swap
- Fully registered
- Futures contract
[edit] G
- General obligation bond (GO)
- Ginnie Mae I
- Ginnie Mae II
- Global debt facility
- Good-faith funds
- Government-sponsored enterprise (GSE)
- Grantor trust
[edit] H
- Hedge
- High-yield bond
[edit] I
- I Bonds
- Indenture
- Index ratio
- Indexed rate bonds
- Industrial revenue bond
- Inflation-adjusted principal
- Inflation-indexed securities
- Initial delivery
- Initial offering price
- Insurance
- Interest
- Interest rate cap
- Inverse floater
- Inverse floater bonds
- Inverted, or negative, yield curve
- Investment grade
- IO (interest-only) security
- Issue
- Issue date
- Issuer
[edit] J
- Joint managers
- Jumbo pools
- Jump Z-tranche
- Junior security
- Junk bond
[edit] K
[edit] L
- Legal opinion
- Letter of credit (LOC)
- Level debt service
- Level principal
- Leverage
- LIBOR (London Interbank Offered Rate)
- Limited-liability company
- Limited partnership
- Limited tax bond
- Line of credit
- Liquidation value
- Liquidity
- Lockout
- Long
- Long-term debt
[edit] M
- Manager (or senior manager)
- Mandatory sinking-fund redemption
- Marketability
- Market price or market value
- Material events
- Maturity date
- Maturity schedule
- Medium-term note
- Modified duration
- Monetary default
- Monoline bond insurer
- Moral obligation bond
- Mortgage
- Mortgage banker
- Mortgage loan
- Mortgage pass-through security
- Mortgage revenue bond
- Municipal bond
- Municipal over bond (MOB)
- Municipal securities principal
- Municipal securities representatives
- Municipal Securities Rulemaking Board (MSRB)
- Mutual fund
[edit] N
- NASD
- Negative convexity
- Negotiated underwriting
- Net direct debt
- Net interest cost
- Net order
- Net price
- New-issue market
- Noncallable bond
- Non-investment grade
- Notes
- Notice of sale
- Notional amount
- NRMSIRS
[edit] O
- Odd lot
- Offer
- Offering price
- Official statement (OS)
- Off-the-run Treasuries
- Option-adjusted duration (effective duration)
- Option-adjusted spread
- Optional principal redemption bond
- Optional redemption
- Order period
- Original delivery
- Original face
- Original-issue discount
- Original-issue discount bond (OID)
- Overcollateralization
- Overlapping debt
- Over-the-counter market (OTC)
- Owner trust
[edit] P
- P&I (Principal and Interest)
- PAC (Planned Amortization Class) tranche
- Par
- Par amount
- Parity debt
- Participation
- Party
- Paying agent
- Payment date
- Performance
- Perpetual floating-rate note
- Plain-vanilla CMO
- PO (principal-only) security
- Point
- Pollution control bond
- Pool
- Preferred stock
- Preliminary official statement
- Premium
- Premium bond
- Premium or discount price
- Prepayment
- Prepayment provision
- Prepayment risk
- Price
- Primary market (new-issue market)
- Primary tax-exempt derivative products
- Prime rate
- Principal
- Principal transaction
- Private activity bond
- Private label
- Private placement
- Public offering price
- Put bond
- Put bond
[edit] Q
[edit] R
- Ramp
- Rate covenant
- Rate reset
- Ratings
- Real yield
- Recession
- Reciprocal immunity doctrine
- Record date
- Redemption
- Red herring
- Redemption premium
- Redemption provisions
- Refunding
- Registered bond
- Registered owner
- Reinvestment risk
- Remarketing
- Remarketing agent
- REMIC (Real Estate Mortgage Investment Conduit)
- Request for proposals
- Residual
- Revenue anticipation note (RAN)
- Revenue bond
- Revolving trust
- Risk
- Round lot
[edit] S
- Safekeeping
- Scale
- Scenario analysis
- Seasoning
- Secondary market
- Section 501(c)(3)
- Sector
- Secured debt
- Security
- Selling group
- Senior manager
- Senior securities
- Sequential-pay CMO
- Serial bonds
- Servicing
- Servicing fee
- Settlement date
- Short
- Short-term debt
- Single monthly mortality (SMM)
- Sinker
- Sinking fund
- SMMEA
- SMMEA securities
- Special-purpose vehicle (SPV)
- Special tax bond
- Sponsor
- Spread
- Spread to Treasury
- Standard Prepayment Model of The Bond Market Association
- Stated maturity
- STRIPS
- Subordinated debt
- Super PO
- Superfloater
- Support tranche
- Surety bond
- Swap
- Syndicate
[edit] T
- TAC (targeted amortization class) tranche
- Take-down
- Tax Anticipation Note (TAN)
- Taxable municipal bond
- Tax-backed bond
- Tax base
- Tax-exempt bond
- Tax-exempt commercial paper
- Tax-exempt/taxable yield equivalent formula
- T-bill rate
- Technical default
- Term bonds
- Term funding
- Toggle tranche
- Total bonded debt
- Total direct debt
- Total return
- Trade date
- Tranche
- Transcript of proceedings
- Transfer agent
- Transparency
- Treasury Inflation-Indexed Securities (TIIS)
- Trigger
- Triple-A claims-paying rating
- True interest cost
- True sale
- True yield
- Trust agreement
- Trustee
[edit] U
- Undated issue
- Underwrite
- Underwriter
- Undivided account
- Unit
- Unit investment trust
- Unlimited tax bond
[edit] V
- Variable-rate demand obligation (VRDO)
- Volatility
- Volume cap
[edit] W
- Weighted average coupon (WAC)
- Weighted average loan age (WALA)
- Weighted average maturity (WAM)
- Window
[edit] X
[edit] Y
- Yield
- Yield burning
- Yield curve
- Yield spread
- Yield to call
- Yield to maturity
- Yield to worst
[edit] Z
- Zero-coupon bond
- Z-tranche
