A bond issued in a country or currency other than that of the investor or broker. They include eurobonds, which are issued in a foreign currency, foreign bonds, which are issued by a foreign government or corporation in the domestic market, and global bonds, which are issued in both domestic and international markets. Unlike domestic bonds, crossborder bonds are usually subject to currency risk. Caution is required when investing in crossborder bonds because they may be subject to different regulatory and taxation requirements than the ones with which the investor or broker is familiar.
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A bond issued in a country other than the country of the issuer.
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.