Indirect Bidder

Indirect bidder is the bidder that does not purchase securities directly from the US treasury department and prefers to buy treasury securities through a third party or an intermediary such as bank or a broker or a dealer. Indirect bidders include financial institutions that

Flat Bond

A flat bond can be defined as a financial instrument that is sold or traded among the investors without having an accrued interest rate associated with the bond. Accrued interest in actual is the portion or fraction of the bond coupon payment that the

Obligation Bond

Obligation bond can be defined as a municipal bond. This kind of municipal bond is used to secure a mortgage over the properties or any other physical asset that can be liquidated in near future. The objObligation bond can be defined as a municipal

Bond Covenant

Bond Covenant can be defined as a legally agreement or a legal binding force that exists between the bond issuer and the bond holder. These are the legal bindings that are designed to protect the rights of both the parties involved in bond issuing

Accumulation Bond

Accumulation bonds are the bonds where the interest keeps accumulating over the face value of the bond but it is not paid until the bond actually matures. If someone is using accumulation bonds they don’t need to pay coupon payments of interest that are

Amortizable Bond Premium

Amortizable bond premium is an accounting terms that defines the tax related to the excessive premium that is paid by the business entity over the face value of a given bond. The tax traits of the bond depends upon its type as there are

Bond Power

Bond power is a legal and ethical document that is used to transfer the bond ownership from one party to the other. This document is used as an authority document that transferred the power of a registered bond from one party to the other

Bond Yield

Bond Yield can be defined as the amount of the return that an investor or a bond holder is going to enjoy on its bonds. There are a number of different types of bond yields depending upon the types of the bonds and their