Fixed income securities is a term used to describe securities that have a fixed stream of payments. This is usually referring to bonds where the borrower is promising to pay a fixed interest payment at specified intervals and the principal at the end of a specified period. This counter category can be called Variable income securities where the return is not promised and is uncertain. Equity stock is an example where the company is not under any legal obligation to pay a dividend or cause an increase in stock price. [click to continue…]
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