Business, Legal & Accounting Glossary
A bond paying its interest with one type of currency while paying out its principal in a differing currency. The principal repayment amount is set at the initiation of the transaction and it is paid out at maturity. Typically, the amount of principal will allow for a certain amount of appreciation based on the exchange rate of the currency that is stronger.
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This glossary post was last updated: 20th November, 2021 | 0 Views.