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  2. Floating rate note - Wikipedia

    en.wikipedia.org/wiki/Floating_rate_note

    The spread is a rate that remains constant. Almost all FRNs have quarterly coupons, i.e. they pay out interest every three months. At the beginning of each coupon period, the coupon is calculated by taking the fixing of the reference rate for that day and adding the spread. [1] [2] [3] A typical coupon would look like 3 months USD SOFR +0.20%.

  3. Risk-free bond - Wikipedia

    en.wikipedia.org/wiki/Risk-free_bond

    A risk-free bond is a theoretical bond that repays interest and principal with absolute certainty. The rate of return would be the risk-free interest rate . It is primary security, which pays off 1 unit no matter state of economy is realized at time t + 1 {\displaystyle t+1} .

  4. Coupon, Pennsylvania - Wikipedia

    en.wikipedia.org/wiki/Coupon,_Pennsylvania

    Coupon is located in the northeastern part of Gallitzin Township near the eastern border of Cambria County at the crest of the Allegheny Front, the eastern edge of the Allegheny Plateau. It is located at 40°32′12″N 78°33′54″W  /  40.53667°N 78.56500°W  / 40.53667; -78.56500 (40.5367356, -78.5150162), [ 1 ] about 87 miles ...

  5. Queenpins - Wikipedia

    en.wikipedia.org/wiki/Queenpins

    After a particularly frustrating day, Connie writes a complaint letter to General Mills about the Wheaties she ate being stale, and soon, she receives a coupon for a free box of cereal. Greg Garcia, a cashier at her local A&G Family Marts store, explains to her that companies habitually respond to complaint letters by sending coupons for free ...

  6. Zero-coupon bond - Wikipedia

    en.wikipedia.org/wiki/Zero-coupon_bond

    Zero coupon bonds have a duration equal to the bond's time to maturity, which makes them sensitive to any changes in the interest rates. Investment banks or dealers may separate coupons from the principal of coupon bonds, which is known as the residue, so that different investors may receive the principal and each of the coupon payments.

  7. PIK loan - Wikipedia

    en.wikipedia.org/wiki/PIK_loan

    A PIK, or payment in kind, is a type of high-risk loan or bond that allows borrowers to pay interest with additional debt, rather than cash. That makes it an expensive, high-risk financing instrument since the size of the debt may increase quickly, leaving lenders with big losses if the borrower is unable to pay back the loan.

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