Corporate Bond Investment Glossary
Corporate bond and fixed income investment terminology explained
Make Whole Premium
Amount Outstanding
Accrued Interest
Administrator
Seniority/Asset Security
AT1s / Contingent Convertible
Bonds
How does the mid-market rate work?
Call Schedule
Capital Gains / Capital Loss
Capitalisation
Capitalisation LTV
Cashflow
Credit Rating
Coupon
Covenants
Current Yield
Default
Distressed Debt
EBITDA
EBITDA/Cash Interest
Equity
Fixed Charge over Assets
Fixed Rate
Floating Rate
Guarantees
High Yield Bonds
Impairments
ISIN codes
Leverage
LIBOR
LQA
Lower Tier 2 (LT2)
Loan-To-Value (“LTV”)
LTM
Market Price
Maturity Date
Minimum Investment Amount
Net Investible Assets
Net Debt to EBITDA
Perpetual
PIK
Principal
Sale Fee
Secondary Market
Senior Secured
Service Fee
Stressed Bond
Unsecured Bonds
Upper Tier 2 (UT2)
Volatility
Yield to Call
Yield to Maturity
Yield to Worst