Bankrupt The quality of a person, corporation or other legal entity who, being unable to meet his or her financial obligations, must relinquish his or her property to a receiver or trustee for administration and distribution to creditor. Basis Point Smallest measure used in quoting yields on bonds and notes. The physical holder of the bearer bond receives the cash flows occurring from the bond. Benchmark A bond whose terms are used for comparison with other bonds of similar maturity. Bid Price at which a buyer is willing to purchase a security.
Bonds are long-term securities with a maturity of greater than one year.
The owner of the bond, according to company s books. Broker A firm or person who acts as an intermediary by buying and selling securities to dealers on an agency basis rather than for its own account. Bulldog Bond A nickname for foreign bonds traded in the United Kingdom. Call A call option rests with the issuer and is provided for in the structure of the instrument. The issuer excercises a call option to pay the prinicipal amount prior to the stated maturity date.