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单词 precipice bond
释义

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precipice bond
precipice bond n. British Finance a bond which is issued for a fixed term, under conditions such that the customer's capital is at risk should investments perform below a certain preset level.
ΚΠ
1997 Scotl. on Sunday 20 Apr. (Business section) 6/7 The precipice bond is different. A 2.5% setback wipes out nearly a quarter of your money.
2004 Daily Tel. 7 Jan. 29/1 Two leading financial advisers have become insolvent after being overwhelmed by compensation claims from clients who believe they were mis-sold precipice bonds.
extracted from precipicen.
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