Examlex
The secondary bond market is significantly more active than the stock market.
Coupon Rate
The yearly interest rate a bond issuer pays to its holders, usually shown as a percent of the bond's nominal value.
Par Value
The nominal or face value of a bond, share of stock, or coupon as stated by the issuer, which is not related to its market value.
Moody's
A credit rating agency that evaluates the creditworthiness of borrowers, ranging from governments to private enterprises, and assigns ratings that reflect the risk of default.
Junk Bonds
High-risk, high-yield bonds rated below investment grade by credit rating agencies, often issued by companies with poorer credit ratings.
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