Bonds - Definition of Terms
Bond Certificate - paper acknowledging the debt (typically has railroad cars on it)
Bond Issue - total amount issued at one time
Bond Indenture - legal document describing the rights of bondholders and restrictions on them
Secured vs. Unsecured - unsecured are call debenture bonds
Term vs. Serial - term comes due at a specified time, serial has payments over time. usually municipal and almost never corporate.
Registered vs. Coupon - almost all are registered now. firm knows who holds them.
Bond rate may be more or less than the market rate for comparably risky assets.
If bond rate is less than market, it will be sold at a discount.
If the bond rate is higher than market, it will be sold at a premium.
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