Related Words

Debt Securities: The complete repayment of debt. See: Sinking fund.

Debt Security: Debt securities are interest-paying bonds, notes, bills, or money market instruments that are issued by governments or corporations. Some debt securities pay a fixed rate of interest over a . . . View Full Definition

Held-To-Maturity Securities: Debt securities purchased by an investor with the intent of holding the securities until they mature.

Debt: Means any money that is owed or due to someone else.

Subordinated Debt: Subordinated debt generally refers to debt securities that have a secondary or lesser claim to the issuer’s assets than more senior debt, should the issuer default on its obligations. In fac . . . View Full Definition

Overlapping Debt: The portion of debt of political subdivisions or neighboring special districts that a municipality is responsible for.

Original Issue Discount Debt (OID Debt): Debt that is initially offered at a price below par.

National Association Of Securities Dealers Automatic Quotation System (Nasdaq): An electronic quotation system that provides price quotations to market participants about the more actively traded common stock issues in the OTC market. About 4000 common stock issues are . . . View Full Definition

National Debt: The total debt accumulated by a government through the issue of government bonds, Treasury bills and Treasury notes. The government has to pay interest on its borrowings, and this obligation . . . View Full Definition

National Securities Clearing Corporation (NSCC): A clearing corporation that facilitates the settlement of accounts among brokerage firms, exchanges, and other clearing corporations.