Reference
Fixed Income
The language of markets, defined plainly — the terms our coverage uses and what they actually mean.
B
- Bond
- A loan to a government or company that pays interest and returns the principal at maturity. Bondholders rank ahead of shareholders if the issuer fails.
Y
- Yield
- The income an asset produces as a percentage of its price. For a bond held to maturity, yield to maturity also accounts for any gain or loss against the price paid.