单词 | fixed-interest security |
释义 | fixed-interest security A security whose return is fixed, up to some redemption date or indefinitely. The fixed amounts may be stated in money terms, or indexed to some measure of the price level. A fixed-interest security is liable to vary in price with the rate of interest, its price rising as the rate of interest used to find the present discounted value of the fixed receipts falls. This sensitivity to changes in the interest rate increases with the time to maturity of any security. |
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