Business, Legal & Accounting Glossary
Bonds, preferred stock, and treasury bills for which the issuer pays a fixed rate of interest and, upon maturity, a fixed amount of principal. For example, an issue of bonds that pays interest at a fixed percentage rate – thus the issuer knows exactly how much money is to be paid to the bond holders on the prearranged dates. also called fixed-dollar securities.
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This glossary post was last updated: 20th November, 2021 | 0 Views.