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Parity Bond
What does it mean?
Two or more bond issues with equal rights to bond payments and pledged revenues.
In Other Words...
Also referred to as "part passu" or "pari passu" bonds, these types of fixed-income securities are commonly issued by municipalities as a way to gather finance capital.
Related Links
Bond Basics Tutorial - What are bonds and do they belong in your portfolio? Get all the answers in this comprehensive tutorial.
The Lowdown on Savings Bonds - They may not be sexy, but bonds offer undeniable benefits to investors.
Asset Allocation within Fixed Income - An investor's fixed-income portfolio can easily beat the average bond fund. Learn how and why!
Related Terms
Bond | Municipal Bond | Pari-passu
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A | B |
C | D |
E | F |
G | H |
I | J |
K | L |
M | N |
O | P |
Q | R |
S | T |
U | V |
W | X |
Y | Z
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