Sentence examples for no fixed maturity from inspiring English sources
Unlike most bonds, MBSs have no fixed maturity.
The fact that early bonds had no fixed maturity date ensured that any change in interest rate was fully reflected in the capital value of the bond.
"There is no fixed maturity date" with funds, noted James A. Klotz, president of FMSbonds, a municipal bond dealer in Boca Raton, Fla., meaning that fund investors have no option of holding bonds until they come due and thus obtain full payment.
And unlike debt, it would have no fixed maturity date but rather would become redeemable in cash only when the secretary of the Treasury was able to certify that there's enough money available in the Treasury's general fund to cover it.
When a convertible bond is issued, it has a fixed maturity date at which time the holder can either convert it into a fixed number of shares or take the face value (usually $1,000) in cash.
Another of the hybrid types is the income bond, which has a fixed maturity but on which interest is paid only if it is earned.
In a rising rate environment, she likes the fixed maturity date of individual bonds, and wants to avoid the possibility of being caught in the wave of mutual fund redemptions if sentiment turns more bearish.
At time t, the firm issues debt with a fixed maturity structure of k periods.
A certificate of deposit (CD) is a reserve fund certificate with a fixed maturity date, indicated fixed interest and can be issued in any quantity beside minimum investment prerequisites.
As such, investors would do well to continue avoiding fixed maturity investments (don't fight the Fed) while focusing on value-oriented equities which may benefit from event-driven catalysts.
To deal with the counterparty credit risk, it suffices to replace A with the process A ♯ introduced in Section 2.8.1 and a fixed maturity T with the effective maturity of a contract at hand (for instance, by T∧τ where τ is the random time of the first default or, more generally, by the effective settlement date of a contract in the presence of the gap risk).
