Definition of dollar bond

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TeachMeFinance.com - explain dollar bond



dollar bond -- a municipal bond that is quoted and traded on the basis of dollars rather than a percentage, or yield, to maturity. Term bonds , tax-exempt notes and public housing authority bonds are dollar bonds.

historic definition...

Dollar bond -- London Stock Exchange name for a bond the principal of and interest on which are payable in dollars, as is the case with an American bond.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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