Examlex
A pay range includes which of the following?
Put Provision
A clause found in certain securities that allows the holder to force the issuer to repurchase the security at specified prices before maturity.
Fixed Rate Bond
A bond that pays a predetermined interest rate to investors for the entire term of the bond.
Fallen Angel
Originally investment-grade bonds that have been downgraded to junk bond status due to the issuer's weakened financial condition.
Investment-Grade Bond
A bond with a high credit rating, indicating lower risk of default, making it an attractive investment option for conservative investors.
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