Par bond


 

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Par bond

A bond trading at its face value.



Par bond

Similar Matches

Federal agency bond

Federal agency bond

Fixed-income security issued by a government agency such as FNMA.


Utility revenue bond

Utility revenue bond

A municipal bond issued to finance the construction of public utility services. These bonds are repaid from the operating revenues the project produces after the utility is finished.


Refunded bond

Refunded bond

Also called a prerefunded bond, a bond that originally may have been issued as a general obligation or revenue bond but that is now secured by an escrow fund consisting entirely of direct U.S. government obligations that are sufficient for paying the bondholders.


Bond fund

Bond fund

A mutual fund that emphasizes income—consistent with risk, rather than growth—by investing in corporate, municipal, or US government debt obligations, or some combination of them.


Municipal bond insurance

Municipal bond insurance

An insurance policy which guarantees payment on municipal bonds in the event of default .


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