MISMATCH BOND
\mɪsmˈat͡ʃ bˈɒnd], \mɪsmˈatʃ bˈɒnd], \m_ɪ_s_m_ˈa_tʃ b_ˈɒ_n_d]\
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A floating rate type of note or bond. An interest rate gives added yield to this type of bond. Even though the rollover period is shorter, the rate is frequently set as a yearly interest rate, which is reset quarterly rather than biannually or even annually.
By Henry Campbell Black
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Nearby Words
- mismanners
- mismar
- mismark
- mismarry
- mismatch
- MISMATCH BOND
- mismatched
- mismate
- mismated
- mismeasure
- mismeasurement