Interest
The amount of compensation for the use of borrowed money paid to the bondholders by the issuer or the borrower.
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Interest Payment Dates
The dates when Interest on a Bond is payable, usually semiannually and usually on the first or fifteenth day of the month. In Variable Rate Issues and often in Private Placements, the Interest may be paid on some other periodic basis (e.g., first business day of the month, etc.).
Preparing Bonds
Learn about over various terms and concepts that may arise while preparing a bond issue.
See Also
Interest Rate
The rate expressed as a percentage of the principal amount of a bond used to determine the amount of interest to be paid by the issuer or the borrower.
Start with the Bond Basics
Hundreds of Terms and Concepts
Rebate
A requirement imposed under the Code to pay to the Internal Revenue Service an amount equal to the arbitrage earned on tax-exempt bonds.