| 释义 |
super sinker Super Sinker BondA short-term bond with a coupon equivalent to that of a long-term bond. That is, the bondholder receives a long-term yield in a short period of time. Most super sinker bonds are collateralized by mortgages and are used to reduce prepayment risk.super sinker A housing revenue bond issue in which mortgage prepayments are used to retire a specified maturity. Although this particular maturity is far in the future, the bond is likely to be paid off in a relatively short period. Even though an investor in the specified maturity bond is unsure when the security may be retired, the annual return is likely to be relatively high for a short- to intermediate-term holding period. |