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| Definition Of: |
Z bond
Also known as an accrual bond or accretion bond; a bond on which interest accrues interest but is not paid currently to the investor but rather is accrued, with accrual added to the principal balance of the Z and becoming payable upon satisfaction of all prior bond classes.
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Campbell R. Harvey's Hypertextual Finance Glossary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 A: Page 1 of 40.
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