Income bond

Definition:

A bond whose payment of interest is contingent on sufficient earnings. These bonds are commonly used during the reorganization of a failed or failing business.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Genetic Algorithms

Models that optimize rules by mimicking the Darwinian Law of survival of the fittest. A set of rules is chosen from those that work the best. The weakest are discarded. In addition, two successful... Read More

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