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Chapter 13 Terms
Terms in this set (17)
The amount the bondholder will be repaid at maturity.
A bond that the issuer has the right to pay off before its maturity date.
A corporate bond that is based on the general creditworthiness of the company.
A bond that is backed by specific assets as collateral.
A corporate bond that can be exchanged for common stock.
A bond that is sold at a deep discount, makes no interest payments, and is redeemable for its face value at maturity.
A bond issued by state a local governments.
A municipal bond issued to raise money for a public-works project.
General obligation bond
A municipal bond backed by the power of the issuing state or local government to levy taxes to pay back the debt.
A bond issued by a federal agency.
Occurs when a bond is paid off at maturity.
Any investment or action that helps offset against loss from another investment or action.
Tells the investor the risk category that has been assigned to a bond.
When a bond issuer cannot meet the interest or principal payment on a bond.
A bond that is considered of the highest quality.
A bond that has a low rating or no rating at all.
A group of bonds that have been bundled together for investment purposes.
THIS SET IS OFTEN IN FOLDERS WITH...
Chapter 12 Terms
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