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Jump bond

• Are issues which are conditioned on an event or series of events. When the event -such as breaking a prepayment collar -occurs, it triggers a predetermined movement to another payment arrangement. This type of bond occurs in collateralized obligation structures.

 
 

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 Embedded terms in definition
 Bond
Collar
Collateralized obligation
Event
Prepayment
Series
Type
 
 Related Terms
 

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