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Fixed interest securities relates to bonds, bills, stocks and debentures which offer a fixed rate of interest per period. The purchaser buys the income stream and the seller receives loan. .. leading to fixed income
Explanation: I wouldn't use "interest-bearing" - for example, a zero-coupon bond isn't "interest-bearing", but nevertheless an interest rate instrument (which can, of course, be used for arbitrage purposes).
Ralf Lemster Germany Local time: 04:04 Specializes in field Native speaker of: German PRO pts in category: 751