defined bond
[/dɪˈfaɪnd bɑːnd/]
nounpl: defined bonds
título definido / obrigação definida
1. A bond or debt instrument with clearly specified terms, including maturity date, coupon rate, and redemption conditions
The investor purchased a defined bond with a 5-year maturity and a 4% annual coupon payment.
O investidor comprou um título definido com vencimento de 5 anos e pagamento de cupom anual de 4%.
2. In finance, a bond whose characteristics and obligations are explicitly outlined in the bond agreement
A defined bond provides predictability for both the issuer and the bondholder.
Um título definido oferece previsibilidade tanto para o emissor quanto para o detentor do título.
3. A fixed-income security with predetermined cash flows and contractual terms
Unlike floating-rate bonds, a defined bond offers fixed returns.
Diferentemente dos títulos com taxa flutuante, um título definido oferece retornos fixos.
In both Brazilian and American financial markets, 'defined bonds' are fundamental investment instruments. Brazilian Portuguese financial professionals commonly use 'título definido' or 'obrigação' when discussing bonds with predetermined characteristics. This terminology is essential in banking, investment, and pension fund sectors in both countries.
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