Kangaroo Bond What is 'Kangaroo Bond' A type of foreign bond that is issued in the Australian market by non-Australian firms and is denominated in Australian currency. The bond is subject

Harmless Warrant What is 'Harmless Warrant' A warrant that requires the holder to surrender a similar bond when purchasing a new fixed-income instrument. For the warrant to be exercisable,

Hard Call Protection What is 'Hard Call Protection' The period in the life of a callable bond during which the issuing company is not permitted to redeem the bond. Hard call bonds have thi

Yield To Worst (YTW) What is the 'Yield To Worst - YTW' The yield to worst (YTW) is the lowest potential yield that can be received on a bond without the issuer actually defaulting. The YT

Make Whole Call (Provision) What is a 'Make Whole Call (Provision)' A make whole call provision is a type of call provision on a bond allowing the issuer to pay off remaining debt early. T

Maintenance Bond What is 'Maintenance Bond' A type of surety bond purchased by a contractor that protects the owner of a completed construction project for a specified time period against

Mandatory Redemption Schedule What is 'Mandatory Redemption Schedule' Specified dates when a bond issuer is required to redeem all or a portion of the outstanding issues of a bond prior to

Samurai Market What is 'Samurai Market' A slang term for the stock market in Japan. Samurai market is usually used buy non-residents of Japan, with a reference to the iconic Japanese warri

DefinitionA samurai bond is a yen-denominated bond issued in Tokyo by non-Japanese companies, and is subject to Japanese regulations. These bonds provide the issuer with an access to Japanes

Backup Line What is 'Backup Line' A line of credit used by a bank to cover any issue of commercial paper for which financing from new paper may not be available. A backup line of credit ef