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Glossary > V > "Variable rated demand bond (VRDB)" Definition

Variable rated demand bond (VRDB)

Floating rate bond that can be sold back periodically to the issuer.

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Variable rated demand bond (VRDB) - Floating rate bond that can be sold back periodically to the issuer.

Variable rated demand bond (VRDB) : floating rate bond that can be sold back periodically to the issuer.