Fixed Interest or Fixed Income is a term that is used to describe income assets like bonds, notes, and other debt and quasi-debt instruments. The term fixed interest is used because the securities in this asset class generally pay a fixed rate of interest, usually payable for a pre-determined period, and usually followed by the repayment of principal. Securities in the fixed income asset class can be issued by entities such as governments, local authorities and states, and both private and public corporations.
Synonyms: Bonds, Fixed income, Debt securities
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