Examlex
TQM links organizational objectives and the behavior of individuals.
Zero Coupon Bonds
Pay no coupons at all, but are offered at a substantial discount below their par value and hence provide capital appreciation rather than interest income. Sometimes referred to as “stripped bonds.”
Callable Bond
A bond that can be redeemed by the issuer before its maturity date at a specified call price.
Income Bonds
Bonds that pay interest only when the issuer has sufficient earnings, providing a variable income stream based on the issuer's profitability.
Yield to Maturity
The total return anticipated on a bond if it is held until the date it matures, reflecting interest and price appreciation.
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