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.
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Marty, W. (2017). Introduction. In: Fixed Income Analytics. Springer, Cham. https://doi.org/10.1007/978-3-319-48541-6_1
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DOI: https://doi.org/10.1007/978-3-319-48541-6_1
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Online ISBN: 978-3-319-48541-6
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