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Fixed-Dollar Security
(redirected from Fixed-Rate Security)

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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


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Fixed-rate combination loans, employing a transactional piggyback fixed rate or closed-end home equity-based second to achieve the down-payment requirements on the first mortgage in the purchase, meet the desire for a mortgage product that combines purchase affordability benefits with fixed-rate security in a rising rate environment.
The $100 million offering is a five- year, fixed-rate security with no call or sinking fund provisions.
 
 
 
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