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单词 vrdb
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VRDB


VRDB

See: Variable-rated demand bond

Variable-Rate Demand Note

A debt security that a holder may require the issuer to redeem before maturity. When this occurs, the issuer must pay par to the holder, and the holder loses any future coupon payments that he/she might otherwise have been due. An advantage to a variable-rate demand note from the holder's standpoint is the fact that the holder may reinvest the par value in a new bond in a time of rising interest rates. This protects the holder from certain types of interest rate risk.

Variable-rate demand notes come in two main forms. The first allows the holder to demand redemption on any of several days throughout the life of the bond, while the second only allows this on one particular day. Variable rate demand notes are also known as variable rate demand obligations, option tender bonds, or put bonds. In Canada, the most common term is a retractable bond.

VRDB


AcronymDefinition
VRDBVirus Recovery Data Base
VRDBVoter Registration Data Base
VRDBVolume Replication Data Base
VRDBVirus Recovery Database
VRDBVariable Rated Demand Bond
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更新时间:2024/11/14 0:35:03