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Give up

• The loss in yield that occurs when a block of bonds is swapped for another block of lower coupon bonds. Can also be referred to as "after-tax give-up" when the implications of the profit (loss) on taxes are considered.

• The loss in yield that occurs when a block of bonds is swapped for another block of lower-coupon bonds. Can also be referred to as after-tax give up when the implications of the profit or loss on taxes are considered.

 
 Embedded terms in definition
 Coupon bond
Coupon
Profit
Yield
 
 Related Terms
 

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Always bear in mind that your own resolution to success is more important than any other one thing. - Abraham Lincoln

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