Coupon: related pages

A type of stop loss order that essentially becomes a limit order once a price threshold is crossed.

The amount of interest accumulated on a bond but not yet paid.

The duration is a measure of the average time it takes a bondholder to get their money (both principal and interest).

Modified duration is a measure of the sensitivity of a bond price to interest rates.

The IRR a buyer would receive by purchasing a bond at the current market price.

British government bonds. A very wide range of gilts are in issue at any given time.

Bonds issued in a currency other than the issuer’s home currency. Usually outside the issuer’s home country as bearer bonds.

A hybrid security or hybrid instrument is a security that has characteristics of both debt and equity.

Securities issued by building societies that pay fixed interest. Often not redeemable.

Shares that pay fixed dividends: payment of both dividends and capital takes priority over that of ordinary shares.

The clean price of a bond is the dirty price less the accrued interest.

The dirty price of a bond is the actual amount paid to buy a bond. Unlike the clean price it is not adjusted for accrued interest.