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The American Heritage Dictionary of Business Terms » dollar bond
dollar bond
dollar bond definition - business
dollar bond
A bond that is traded and quoted on the basis of its dollar price rather than on its yield. Dollar quotations are fairly unusual, except in the case of municipal revenue bonds. Price quotes may or may not include any dealer fees, therefore it is important for an investor to determine which is the case.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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