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.
The amount of compensation for the use of borrowed money paid to the bondholders by the Issuer or the Borrower. The amount of Interest paid by the Issuer or the Borrower is based on the Interest Rate for the Bond and the time between each Interest Payment Date.
Learn about over various terms and concepts that may arise while preparing a bond issue.
The dates when interest on a bond is payable, usually semiannually and usually on the first or fifteenth day of the month.
The face amount or par amount of a bond, not including interest, payable on its maturity date.