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Glossary > F > "Fairway Bond" Definition

Fairway Bond

A type of bond that accrues interest if the embedded index or interest-rate option underlying the bond remains within a specified range.

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Fairway Bond - A type of bond that accrues interest if the embedded index or interest-rate option underlying the bond remains within a specified range.

Fairway Bond : a type of bond that accrues interest if the embedded index or interest-rate option underlying the bond remains within a specified range.