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Sector

• Refers to a group of securities that are similar with respect to maturity, type, rating, and/or coupon.

• Refers to a group of securities that are similar with respect to maturity, type, rating, industry, and/or coupon.

 
 Embedded terms in definition
 Coupon
Industry
Maturity
Rating
Securities
Type
 
 Referenced Terms
 Ambac: Is the holding company that provides financial guarantee insurance for both public and private Sector clients. This insurance can improve credit ratings.

 Attribute bias: The tendency of stocks preferred by the dividend discount model to share certain equity attributes such as low price-earnings ratios, high dividend yield, high book-value ratio or membership in a particular industry Sector.

 Generic: Refers to the characteristics and/or experience of the total universe of a coupon of MBS Sector type; that is, in contrast to a specific pool or collateral group, as in a specific CMO issue.

 Industry fund: See Sector Fund.

 Intramarket sector spread: The spread between two issues of the same maturity within a market Sector. For instance, the difference in interest rates offered for five-year industrial corporate bonds and five-year utility corporate bonds.

 
 Related Terms
 Industry sector
Intermarket sector spread
Intramarket sector spread
Sector fund
Tax exempt sector

<< Section 482 Sector fund >>

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