Business / Taxes / Debt Security: Debt securities are interest-paying bonds, notes, bills, or money market instruments that are issued by governments or corporations. Some debt securities pay a fixed rate of interest over a fixed time period in exchange for the use of the principal. In that case, that principal, or par value, is repaid at maturity. Some are pass-through securities, with principal and interest repaid over the term of the loan. Still other issues are sold at discount, with interest included in the amount paid at maturity. US Treasury bills, corporate bonds, commercial paper, and mortgage-backed bonds are all examples of debt securities.
Debt Adjective Synonyms: obligation, due, indebtedness, liability, responsibility, accountability, encumbrance
Security Verb Synonyms: safety, shelter, protection, fastness, refuge, safe keeping, sanctuary, asylum
Business / Finance / Interest Rate On Debt: A futures contract based on an interbank deposit rate or an underlying debt security. The value of the contract rises and falls inversely to changes in interest rates. MORE
Business / Finance / Overlapping Debt: The portion of debt of political subdivisions or neighboring special districts that a municipality is responsible for. MORE