The sale of one bond issue and purchase of another bond issue
simultaneously. See: Swap; swap order.
Similar Matches
Accrual bond
Accrual bond A bond on which interest accrues but is not paid to the investor during the time of accrual. The amount of accrued interest is added to the remaining principal of the bond and is paid at maturity.
Active bond crowd
Active bond crowd Refers to members of the bond department of the NYSE who trade the most bonds. Antithesis of cabinet crowd.
Additional bonds test
Additional bonds test A test for ensuring that bond issuers can meet the debt service requirements of issuing any new additional bonds.