Fixed-dollar 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

References in periodicals archive ?
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.
We present in Table 5 the inflation rate that equates the after-tax nominal yield on each TIPS with the after-tax nominal yield on the matched fixed-rate security (presented in Table 4).
By similar reasoning, an issuer of a fixed-rate security can use caps, floors, and collars to introduce elements of short-term debt into its obligation.
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