optional payment bond
A financial product consisting of a debt instrument allowing the bearer the choice of receiving back interest and principal in either domestic or foreign currency. An optional payment bond could be useful to a corporation with a large Exposure to a foreign currency.

Browse by Subjects

Popular Forex Terms

Change Machine
ex officio
managing director
Commodities Futures Exchange
hostile takeover
fiscal policy
fixed assets
automated bond system (ABS)
building and loan association
involuntary bankruptcy