Clinton Bond
A bond that is said to have no principal, no interest and no maturity. Investopedia Says:
Named after former President Bill Clinton and his well-documented "extravagances". Also known as a Quayle Bond, named after former Vice-President Dan Quayle.
This rarely seen buzzword is more often used to make a point, than to actually represent a market stock. Related Terms:
A Ton Of Money
Bond
Fat Cat
Interest
Katie Couric Clause
Maturity
Principal |