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Joe wants to trade eggs for sausage.Lashonda wants to trade eggs for orange juice.Joe and Lashonda have a double coincidence of wants.
Annual Coupon
The yearly interest payment made by a bond to its holder.
Par Value
A legal amount per share established by a company's charter, not necessarily related to market value, often used for accounting purposes.
Zero-Coupon Bond
A debt security that does not pay interest (coupon) but is traded at a deep discount, rendering profit at maturity when the bond is redeemed for its face value.
Yield to Maturity
The total return anticipated on a bond if held until it matures, considering all payments of interest and principal and the time value of money.
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