Abstract
A fixed-income security is a financial obligation of an entity that promises to pay a specified sum of money at specified future dates. The entity can be a government, a company, or an individual and is called an issuer. The investor lends a specified amount of money to the issuer. A bond is a legal engagement between the issuer and an investor.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2017 Springer International Publishing AG
About this chapter
Cite this chapter
Marty, W. (2017). Introduction. In: Fixed Income Analytics. Springer, Cham. https://doi.org/10.1007/978-3-319-48541-6_1
Download citation
DOI: https://doi.org/10.1007/978-3-319-48541-6_1
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-48540-9
Online ISBN: 978-3-319-48541-6
eBook Packages: Economics and FinanceEconomics and Finance (R0)