Related Words

Treasury Bill, Note, Bond: Treasury bill issued for less than a year, Treasury note issued from one to five years, Treasury bond issued from five to ten years.

Polar Bond: A bond involving electrons that are unequally shared. Polar bonds can be thought of as intermediate between the extremes represented by covalent bonds and ionic bonds.

Pickup Bond: A bond with a relatively high coupon that is close to the date at which it is callable, meaning that a fall in interest rates will most likely cause early redemption of the bond at a premium.

Polar Covalent Bond: A covalent bond in which atoms share electrons in an unequal fashion. The resulting molecule has regions with positive and negative charges. The presence of polar covalent bonds allows other . . . View Full Definition

Positive Covenant (Of A Bond): A bond covenant that specifies certain actions the firm must take. Also called an affirmative covenant.

Premium Bond: A bond that is selling for more than its par value.

Pi Bond: In the valence bond theory, a pi bond is a valence bond formed by side-by-side overlap of p orbitals on two bonded atoms. In most multiple bonds, the first bond is a sigma bond and all of th . . . View Full Definition

Policyholder Loan Bonds: Packaged loans acquired by policyholders that are secured by the cash surrender value of the policies, and are offered by a broker/dealer as bonds.

Perpetual Bond: Nonredeemable bond with no maturity date that pays regular interest rates indefinitely.

Passive Bond: A bond without any interest yield.