preliminary scale(redirected from Preliminary Scales)
The yield and price of a bond quoted by the issuer before it is issued and before any bids have been submitted. The preliminary scale may change as this process unfolds.
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The initial yields and prices for an upcoming bond issue prior to submission of a bid.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.