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Story Bond

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story bond
A bond so unusual or having such complicated features that salespeople are frequently called on to explain its intricacies to customers. Story bonds sometimes offer slightly higher yields than ordinary bonds as a way of convincing investors that they are worth holding.
Story Bond
A bond with highly unusual characteristics that are often difficult to understand. Investors are usually hesitant to invest in bonds (or other securities) that they do not understand; thus, representatives of the issuer or the underwriters must explain the bond's features in such a way as to convince the investor to buy it. The term comes from the fact that having the bond explained can feel like having a story told to the investor.


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