单词 | precipice bond |
释义 | > as lemmasprecipice 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. < as lemmas |
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