flat bond
Definition
Bond being sold without any accrued interest because (1) no interest is due, (2) interest is due but the bond issuer is in default, or (3) bond's settlement date is the same as the interest payment date. Income bonds are normally sold as flat bonds.
flat bond is in the Banking, Commerce & Finance, Investing and Securities & Futures Trading subjects.
flat bond appears in the definition of the following term: income bond
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