- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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A conventional unit of measure for bond prices set at $1 and equivalent to 1% of the $100 face value of the bond. A price of 80 means that the bond is selling at 80% of its face or par value.
Industry:Financial services
A form used in the transfer of registered bonds from one owner to a different owner.
Industry:Financial services
A rating based on the possibility of default by a bond issuer. The ratings range from AAA (highly unlikely to default) to D (in default). See: Rating, investment grade.
Industry:Financial services
The percentage of a company's capitalization represented by bonds. The ratio is calculated by dividing the total bonds due after one year by that same figure plus all other equity. See: Debt-to-equity-ratio.
Industry:Financial services
The sale of one bond issue and purchase of another bond issue simultaneously. See: Swap; swap order.
Industry:Financial services
With respect to convertible bonds, the value the security would have if it were not convertible. That is the market value of the bond minus the value of the conversion option.
Industry:Financial services
The firm often has stockholders and bondholders. In a liquidation, the bondholders have first priority.
Industry:Financial services
