The most highly regulated stock or company. The term is derived from the colour of the highest value poker chips. The security issued by a company, government, which is traded at a priceaccording to its yeild and issuer's credit rating. The borrower promises to repay the amount borrow at a specific date in the future, at an agreeg upon interest rate. The maturities of bonds vary but are usually longer than one year.
Issuers use the bond markets to raise debt capital.
Brokerage A commision or charge by an intermediary, such as a stock broke for the perfromed transaction. Buyout Buying control of a company. LBO are the leverages buyouts, where the buyout financed with outside debt. MBO is an own managment buyout, in which part of the managment team joins investment group to buy all of company's outstanding shares. A security which the seller can redeem before its maturity at a specific date or price.