Usually refers to the area within an investment bank that deals with high grade fixed income. This group will not just trade bonds on the secondard market but will be actively involved in the debt financing of new projects. Many firms have Principal Finance Officers.
Nearby TermsPrincipal amount Principal Exchange-Rated-Linked Securities (PERLS) Principal Finance Principal Finance Officer Principal Investing
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University