Investment Guides 

Understanding the basic terms

Accrued interest - Interest earned by the seller of a bond when it is sold before its redemption date.

Bearer bonds - The money launderer's investment of choice before the US government cracked down on them in the early 1980s.

Callable bonds - Often a feature of permanent interest bearing shares (PIBS), rather than corporate bonds, the issuer can recall the bond on a mandatory basis.

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