Fixed-dollar security

(redirected from Fixed Rate Security)

Fixed-dollar security

A nonnegotiable debt security that can be redeemed at some fixed price or according to some schedule of fixed values, e.g., bank deposits and government savings bonds.

Fixed-Dollar Security

References in periodicals archive ?
With 90 per cent of borrowers opting for fixed rate security, those who are already financially stretched will find themselves paying a higher price for added peace of mind.
Through an asset swap, a fixed rate security is transformed into a variable rate instrument without affecting the underlying fixed interest position.
0 percent 30-year fixed rate security (CUSIP 31385XJX6), which was incorrectly stated as 0.