- Types:
- show 19 types...
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bond issue
bonds sold by a corporation or government agency at a particular time and identifiable by date of maturity
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convertible bond
a bond that can be converted to other securities under certain conditions
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corporate bond
a bond issued by a corporation; carries no claim to ownership and pays no dividends but payments to bondholders have priority over payments to stockholders
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bearer bond, coupon bond
a bond issued with detachable coupons that must be presented to the issuer for interest payments
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government bond
a bond that is an IOU of the United States Treasury; considered the safest security in the investment world
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high-yield bond, junk bond
a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit
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municipal bond
a bond issued by a state or local government
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noncallable bond
a bond containing a provision that the holder cannot redeem the security before a specific date (usually at maturity)
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performance bond, surety bond
a bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformance
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post-obit bond
a bond made by a reversioner to secure a loan; payable out of his reversion
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registered bond
a bond whose owner is recorded on the books of the issuer; can be transferred to another owner only when endorsed by the registered owner
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revenue bond
a bond issued by an agency that is commissioned to finance public works; revenue from the public property is used to pay off the bond
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secured bond
a bond that is back by collateral
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debenture, debenture bond, unsecured bond
the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
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zero coupon bond, zero-coupon bond
a bond that is issued at a deep discount from its value at maturity and pays no interest during the life of the bond; the commonest form of zero-coupon security
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Premium Bond
a government bond that bears no interest or capital gains but enters the holder into lotteries
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savings bond
non-negotiable government bond; cannot be bought and sold once the original purchase is made
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utility bond, utility revenue bond
a bond issued to finance the construction of public utility services
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Treasury, Treasury obligations
negotiable debt obligations of the United States government which guarantees that interest and principal payments will be paid on time