Dictionary of Banking Terms: dollar bond
dollar bond
- popular name for a municipal revenue bond quoted and traded in dollar price, rather than yield to maturity. Dollar bonds are usually municipal bonds with a single large amount due at one time, usually the term bond portion of a financing, as opposed to serial bonds, which consist of numerous maturities of smaller amounts. Dollar bonds come in the same $5,000 principal amounts as other bonds.
- eurobond denominated in U.S. dollars and issued in a financial center outside the United States. See also dual currency bond.
Dictionary of Finance and Investment Terms: dollar bond
dollar bond
- municipal revenue bond quoted and traded on a dollar price basis instead of yield to maturity.
- bond denominated in U.S. dollars but issued outside the United States, principally in Europe.
- bond denominated in U.S. dollars and issued in the United States by foreign companies.
