Secured Loans
A nonnegotiable debt security that can be redeemed at some fixed price or
according to some schedule of fixed values, e.g., bank deposits and government
savings bonds.
Fixed-exchange rate
A countrys decision to tie the value of its currency to another countrys currency,
gold (or another commodity), or a basket of currencies.
Fixed-income equivalent
Also called a busted convertible, convertible security that is trading like a straight
security because the optioned common stock is trading well below the
conversion price.
Fixed-income instruments
Assets that pay a fixed-dollar amount, such as bonds and preferred stock.
Fixed-income market
The market for trading bonds and preferred stock.
Fixed price basis
An offering of securities at a fixed price.
Fixed-price tender offer
A one-time offer to purchase a stated number of shares at a stated fixed price,
usually a premium to the current market price.
Fixed-rate loan
A loan where the rate paid by the borrower is fixed for the life of the loan.
Fixed-rate payer
In an interest rate swap the counterparty who pays a fixed rate, usually in
exchange for a floating-rate payment.
Flat
Used in the context of general equities.
Convertibles: earning interest on the date of payment only
