Deterministic and Drop-lock bond: Difference between pages
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'' | ''Bond pricing.'' | ||
A bond or similar instrument which initially bears interest at a variable rate as if it were a floating rate obligation, but which will change to bear interest at a predetermined fixed rate in the event that a defined market rate falls to a stated level. | |||
== See also == | == See also == | ||
* [[ | * [[Bond]] | ||
* [[ | * [[Fixed rate]] | ||
* [[ | * [[Floating rate]] | ||
* [[ | * [[Market rate]] | ||
Revision as of 14:19, 23 October 2012
Bond pricing. A bond or similar instrument which initially bears interest at a variable rate as if it were a floating rate obligation, but which will change to bear interest at a predetermined fixed rate in the event that a defined market rate falls to a stated level.
See also
