19:11 Apr 16, 2008 |
German to English translations [PRO] Bus/Financial - Investment / Securities / Bonds | |||||||
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| Selected response from: Ralf Lemster Germany Local time: 12:33 | ||||||
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Summary of answers provided | ||||
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4 | split-coupon bond |
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Discussion entries: 1 | |
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split-coupon bond Explanation: For a split-coupon bond, the interest rate does not remain constant over the entire term. However, the amount of interest earned is fixed in advance and does not depend on developments on the capital markets. The interest rate changes according to a schedule agreed at the time of issue. The agreement generally provides for several interest-free years with an above-average coupon for the remaining years. Reference: http://www.db.com/lexikon/lexikon_de/content/index_e_1178.ht... |
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