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Parity Bond

0.01 sec.

Parity Bond

Two or more bond issues with equal rights to bond payments.

Notes:

Also referred to as "part passu" or "pari passu" bonds, these types of fixed-income securities are commonly issued by municipalities as a way to gather finance capital.

See also: Bond, Fixed-Income Security, Municipal Bond, Pari-passu

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Paris Interbank Offer Rate
parity

Parity Bond
Parity value
parking
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