- underlying bond
- noun
: a bond secured by a mortgage on corporate property prior to other claims
Useful english dictionary. 2012.
Useful english dictionary. 2012.
Bond option — In finance, a bond option is an OTC traded financial instrument that facilitates an option to buy or sell a particular bond at a certain date for a particular price. It is similar to a stock option with the difference that the underlying asset is … Wikipedia
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bond — payment by a tenant to a landlord before the tenant takes over the premises and from which the landlord may be able to deduct arrears of rent or the cost of rectifying damage. Glossary of Business Terms (1) A debt security. Sometimes used only in … Financial and business terms
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Underlying — 1. In derivatives, the security that must be delivered when a derivative contract, such as a put or call option, is exercised. 2. In equities, the common stock that must be delivered when a warrant is exercised, or when a convertible bond or… … Investment dictionary