An overview of bond-rating agencies, their definitions, functions, and examples.
An irredeemable bond that pays interest indefinitely.
A put bond, also known as a retractable bond, allows the bondholder to force the issuer to repurchase the bond at specified dates before maturity.
The interest rate that equates the present value of interest receipts and principal repayments with the market price of a security when held to maturity.
