Fixed-dollar security

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.

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Fixed-Dollar Security

1. See: Savings bond.

2. See: Fixed-income security.

Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved