Meaning of “straight bond” in the English Dictionary

business-english dictionary

"straight bond" in Business English

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straight bondnoun [ C ]

uk us also plain vanilla bond FINANCE

a bond that pays interest twice a year and returns the original money invested at the end of the investment period, rather than one with special characteristics:

These fixed-interest securities are more complicated than straight bonds.

(Definition of “straight bond” from the Cambridge Business English Dictionary © Cambridge University Press)