 |
 |
Articles / TULARC / Investing / Bonds / |  |
|
|
||||
|
|
|||
|
|
|||
|
||||
|
|
||||
|
   |
|
||
|
Glossary of Bond Terms: P-Y |
|
||
|
||||
|
|
|
||
|
||||
|
|
|
|
||
|
||
|
|
|
|
||
|
|
||
|
||
|
|
|
|
||
|
||
This article is from the Investing Articles: Bonds series.
The face value of a bond, generally $1,000.
A bond that is valued at more than its face amount.
The amount owed; the face value of a debt.
Bonds secured by all of the property taxes on the increase in assessed valuation above the base, on properties in the project.
Securities issued in anticipation of future revenue typically from the federal or state governments.
Bonds secured by the revenues derived from the earnings of a particular service provided by the issuer.
Describes the order of priority of a claim. Instruments which are senior to other instruments receive priority in re-paying debt in the case of a default.
A bond with special funds set aside to retire the term bonds of a revenue issue each year according to a set schedule. Usually takes effect 15 years from date of issuance. Bonds are retired through either calls, open market purchases, or tenders.
Securities issued in anticipation of future tax collections.
The taxable equivalent yield is equal to the tax free yield divided by the sum of 100 minus the current tax bracket. For example the taxable equivalent yield of a 6.50% tax free bond for someone in the 32% tax bracket would be: 6.5/(100-32) = 0.0955882 or 9.56%
A measure of the income generated by a bond. The amount of interest paid on a bond divided by the price.
The rate of return anticipated on a bond if it is held until the maturity date.
Continue to:
bonds, convertible bonds, federal funds, glossary, foreign currency, municipal, government, savings, tax exempt, yeilds, US Treasure bonds, financial information, investing, investment tools, reference
|
|
|
|
 |
|