Redeemable: related pages

Embedded option
An option that is part of another security. It does not trade by itself, but it does affect the value of the security of which forms a part.
PIBS (permanent interest bearing shares)
Securities issued by building societies that pay fixed interest. Often not redeemable.
Preference shares
Shares that pay fixed dividends: payment of both dividends and capital takes priority over that of ordinary shares.
Returns of capital
Large payments to shareholders that change the companies’ financial structure. They may be made in several different ways.
Yield to worst
The lowest of the different measurements of yield on a bond.
YTC (Yield to Call)
The yield on a callable bond, between the present and the earliest date on which it is callable.
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