Fixed-dollar obligations

Fixed-dollar obligations

Conventional bonds for which the coupon rate is set at a fixed percentage of the par value.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Fixed-Income Security

A security with a guaranteed return. Common examples include bonds, which pay periodic coupons representing a certain interest rate, and preferred stocks, which are legally required to receive a specified dividend at certain times. Typically, fixed-income securities offer lower risk and lower returns than common stock and similar investment vehicles.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved