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A certificate of deposit ( CD) is a time deposit sold by banks, thrift institutions, and credit unions in the United States. CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty and generally higher interest rates. The bank expects the CDs to be held until maturity ...
In finance, the dirty price is the price of a bond including any interest that has accrued since issue of the most recent coupon payment. This is to be compared with the clean price, which is the price of a bond excluding the accrued interest . Dirty Price = Clean Price + Accrued Interest. When bond prices are quoted on a Bloomberg Terminal ...
In finance, a coupon is the interest payment received by a bondholder from the date of issuance until the date of maturity of a bond . Coupons are normally described in terms of the "coupon rate", which is calculated by adding the sum of coupons paid per year and dividing it by the bond's face value. For example, if a bond has a face value of ...
A high-yield savings account — or an HYSA — is a type of deposit account that can earn you a higher rate of interest on your savings than with a traditional account. The rate of interest is ...
A brokered CD is a certificate of deposit you buy through a brokerage firm, instead of from a bank or credit union. Like traditional CDs, you choose a term length that comes with a set interest ...
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Starting date for the accrual. It is usually the coupon payment date preceding Date2. Date2 (Y2.M2.D2) Date through which interest is being accrued. You could word this as the "to" date, with Date1 as the "from" date. For a bond trade, it is the settlement date of the trade. Date3 (Y3.M3.D3) Is the next coupon payment date, usually it is close ...
Z-spread. The Z-spread, ZSPRD, zero- volatility spread, or yield curve spread of a bond is the parallel shift or spread over the zero-coupon Treasury yield curve required for discounting a predetermined cash flow schedule to arrive at its present market price. The Z-spread is also widely used in the credit default swap (CDS) market as a measure ...