Residual Interest Bond

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Definition: Residual Interest Bond

Residual Interest Bond

Quick Summary of Residual Interest Bond

A bond created by the split of income from a municipal bond into two securities: a residual inverse floating-rate bond and a primary direct floating-rate bond. RIBs are linked to the residual inverse floating-rate because income from the municipal bond is used to fund the direct floater and the left-over income is put into the inverse floater which makes up RIBs.

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Synonyms For Residual Interest Bond

RIB

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April 20, 2024 https://payrollheaven.com/define/residual-interest-bond/.
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, from PayrollHeaven.com website: https://payrollheaven.com/define/residual-interest-bond/

Definition Sources

Definitions for Residual Interest Bond are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.