imported>Doug Williamson |
imported>Doug Williamson |
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| 1. ''Securities - debt''.
| | '''Op'''erating '''Ex'''penditure. |
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| In the context of securities, a bond is a formal longer-term debt investment, usually tradeable, issued by a borrowing organisation and bought by a lender (= debt investor).
| | Opex is expenditure on items which are consumed, or whose benefits are otherwise enjoyed, in the short term, generally within the current financial reporting period. |
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| | | Opex is contrasted with capital expenditure ('capex'). |
| The bond is usually administered by a trustee.
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| Bonds typically require the issuer to repay the amount borrowed plus interest over a designated period of time.
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| The current market yield on the bond is both (1) the market rate of return to the debt investor and (2) the pre-tax market cost to the issuer of debt capital.
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| Issuers of bonds include a wide range of corporate and public sector entities, including central governments.
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| 2. ''Trade finance - credit support''.
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| In trade finance, a bond is an instrument issued by a bank or an insurance company, in favour of a buyer, on behalf of a supplier, as additional assurance to the buyer that the supplier will perform its obligations under the supply contract.
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| Such a bank bond or insurance company bond will be supported by an indemnity issued by the supplier in favour of the bank or insurance company.
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| Examples include advance payment bonds, bid bonds, customs bonds, performance bonds and retention bonds.
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| In this context, the terms "bond" and "guarantee" are often used interchangeably.
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| 3. ''Risk management - guarantee.''
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| A guarantee provided by one party to another.
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| 4. ''Risk management - collateral.''
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| An amount of money provided as security for a guarantee.
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| == See also == | | == See also == |
| * [[Advance payment bond]] | | * [[Capitalise]] |
| * [[Agent bank]] | | * [[Capital expenditure]] |
| * [[An introduction to debt securities]] | | * [[Expenditure]] |
| * [[Bearer bond ]] | | * [[Revenue expenditure]] |
| *[[Bid bond]] = tender bond
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| * [[Bond basis]]
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| * [[Bond equivalent yield]]
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| * [[Bond futures]]
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| * [[Bond indenture]]
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| * [[Bond issue]]
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| * [[Bond mandate]]
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| * [[Bond vigilante]]
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| * [[Bonding]]
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| * [[Bonding line]]
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| * [[Bulldog bond]]
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| * [[Callable bond]]
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| * [[Catastrophe bond]]
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| * [[Clean price]]
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| * [[Climate bond]]
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| * [[Collateralised Mortgage Obligation]]
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| * [[Convertible bonds]]
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| * [[Corporate bond]]
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| * [[Cost of debt]]
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| * [[Counter-indemnity]]
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| * [[Coupon]]
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| * [[Coupon bond]]
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| * [[Covered bond]]
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| * [[Credit rating]]
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| * [[Credit rating agency]]
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| * [[Credit support]]
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| * [[Customs bond]]
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| * [[Debenture]]
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| * [[Depositary]]
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| * [[Dim sum bond]]
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| * [[Documentation]]
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| * [[Domestic bond]]
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| * [[Dirty price]]
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| * [[Drop-lock bond]]
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| * [[Dual currency bond]]
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| * [[ESG bond]]
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| * [[Eurobond]]
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| * [[Exchangeable bond]]
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| * [[Floating rate note]]
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| * [[Foreign bond]]
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| * [[Gilts]]
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| * [[Global bond]]
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| * [[Government paper]]
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| * [[Green bond]]
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| * [[Guarantee]]
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| * [[High-yield bond]]
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| * [[Indemnity]]
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| * [[Indenture]]
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| * [[Index linked bond]]
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| * [[Interest determination date]]
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| * [[Internal rate of return]]
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| * [[International bond]]
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| * [[Investment-grade bond]]
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| * [[Irredeemable bond]]
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| * [[Jumbo]]
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| * [[Junk bond]]
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| * [[Loan]]
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| * [[Longer term]]
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| * [[My word is my bond]]
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| * [[Obligation]]
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| * [[On-demand bond]]
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| * [[Panda bond]]
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| * [[Paper]]
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| * [[Par bond]]
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| * [[Par yield]]
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| * [[Paying agent]]
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| * [[Performance bond]]
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| * [[Perpetual bond]]
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| * [[Principal]]
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| * [[Private bond]]
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| * [[Redeemable bond]]
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| * [[Retail bond]]
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| * [[Retained bonds]]
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| * [[Retention bond]]
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| * [[Samurai bond]]
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| * [[Secured]]
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| * [[Securitisation ]]
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| * [[Securitise]]
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| * [[Security]]
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| * [[Shallow discount bond]]
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| * [[Share]]
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| * [[Short term]]
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| * [[Social bond]]
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| * [[Social impact bond]]
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| * [[Social inclusion bond]]
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| * [[Standby letter of credit]]
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| * [[Straight bond]]
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| * [[Stock]]
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| * [[Stock exchange]]
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| * [[Sukuk]]
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| * [[Supranational bond]]
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| * [[Surety bond]]
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| * [[Sustainability bond]]
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| * [[Trustee]]
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| * [[Use of proceeds bond]]
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| * [[Yankee bond]]
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| * [[Yield]]
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| * [[Yield to maturity]]
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| * [[Zero coupon bond]]
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| [[Category:The_business_context]]
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| [[Category:Long_term_funding]]
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| [[Category:Compliance_and_audit]]
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| [[Category:Manage_risks]]
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| [[Category:Risk_frameworks]]
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| [[Category:Treasury_operations_infrastructure]]
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