bondholders
Fixed-income investors
Bondholders are investors who own bonds—debt securities issued by governments or corporations.
When you buy a bond, you're lending money to the issuer in exchange for interest payments and eventual return of principal.
Bondholders are creditors, not owners, so in bankruptcy they're paid before shareholders but have no voting rights: Bondholders will receive sixty cents on the dollar.
Unsecured debt instrument
- treasuryStored organizational funds
- munisLocal government bonds
- callableSubject to early redemption
- convertibleCar with folding roof
zero-coupon · investment-grade · coupon · maturity · face-value · premium · discount · indenture
One owed money
- defaultPreset standard option
- insolvencyInability to pay debts
- bankruptcyLegal status when insolvent
- restructuringRearranging an existing framework
repayment · seniority · subordination · foreclosure · liquidation · arrears · obligation · liability
Produce or relinquish
- interestAttention, stake, or fee
- incomeRegular monetary receipts
- fixed-incomeAssets yielding constant returns
- payoutMoney distributed to recipient
accrual · spread · disbursement · distribution · cashflow · return · redemption
Formally registering a choice
- consentVoluntary agreement given
- accelerationRate velocity changes
- remedyCurative treatment or fix
- trusteeOne managing another's assets
amendment · waiver · proxy · representation · fiduciary · priority · enforcement
debenture
Unsecured debt instrument
convertible · zero-coupon · investment-grade · coupon · maturity · face-value · premium · discount · indenture · covenants
creditor
One owed money
- defaultPreset standard option
- insolvencyInability to pay debts
- bankruptcyLegal status when insolvent
restructuring · repayment · seniority · subordination · foreclosure · liquidation · arrears · obligation · liability · recovery
yield
Produce or relinquish
- interestAttention, stake, or fee
- incomeRegular monetary receipts
- fixed-incomeAssets yielding constant returns
payout · accrual · spread · disbursement · distribution · cashflow · return · redemption
voting
Formally registering a choice
- consentVoluntary agreement given
- accelerationRate velocity changes
- remedyCurative treatment or fix
trustee · amendment · waiver · proxy · representation · fiduciary · priority · enforcement
- bondsdebentures, gilts, eurobonds, ask price, bid price
- creditorslenders, moneylenders, banks, credit unions, loan sharks
- legal partiesassignee, assignor, creditor, debtor, beneficiary
- municipal bondsmunis, debt service, maturity date, credit ratings, principal payment
- creditor prioritysecured debt, unsecured debt, first lien, subordination, waterfall structure
- entitiesentity, being, object, thing, item