YANKEE BOND Definition

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YANKEE BOND is a dollar bond issued by a non-U.S. borrower in the United States.

Learn new Accounting Terms

MODIFIED ACCELERATED COST RECOVERY SYSTEM (MACRS) is a system used in accounting to define the rate and method under which a fixed asset will be depreciated for tax purposes.

CALL RISK is the risk that a bond will be prepaid before its maturity date, causing the investor to lose future interest payments, which may be at interest rates well above current market rates.

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