FLAT BOND
A debt instrument that is sold or traded without accrued interest, the fraction of the bond's coupon payment that the holder earns between periods of bond payments. There are three possible reasons that a bond would not have any accrued interest:
- No interest is presently due on the bond according to the date of sale and terms of the bond's issue.
- The bond is in default.
- The bond settles on the same date as the interest is paid and therefore no additional interest has accrued beyond the amount already paid out.
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Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
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Original Cost
It simply refers to the total cost associated in buying an asset.
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