10 points to the first one who knows what a Bond year is.?

Question

OOPS, I meant the SLANG definition for a Bond Year

Answer 1

Any year that ends in 007, such as 1007 or 2007.

Answer 2

a bond is a loan and you are the lender. Who's the borrower? Usually, it's either the U.S. government, a state, a local municipality or a big company like General Motors. All of these entities need money to operate -- to fund the federal deficit, for instance, or to build roads and finance factories -- so they borrow capital from the public by issuing bonds.

Now for a little bond-speak. When a bond is issued, the price you pay is known as its "face value." Once you buy it, the issuer promises to pay you back on a particular day -- the "maturity date" -- at a predetermined rate of interest -- the "coupon." Say, for instance, you buy a bond with a $1,000 face value, a 5% coupon and a 10-year maturity. You would collect interest payments totaling $50 in each of those 10 years. When the decade was up, you'd get back your $1,000 and walk away.

Answer 3

BOND YEAR – A unit of $1,000 of debt outstanding for one year. The number of bond years in an issue is equal to the product of the number of bonds (with one bond equal to $1,000 regardless of actual authorized denominations) and the number of years from the dated date (or other stated date) to the stated maturity. The total number of bond years is used in calculating the average life of an issue and its net interest cost. Computations are often made of bond years for each maturity or for each coupon rate, as well as total bond years for an entire issue.

Answer 4

BOND YEAR – A unit of $1,000 of debt outstanding for one year. The number of bond years in an issue is equal to the product of the number of bonds (with one bond equal to $1,000 regardless of actual authorized denominations) and the number of years from the dated date (or other stated date) to the stated maturity. The total number of bond years is used in calculating the average life of an issue and its net interest cost. Computations are often made of bond years for each maturity or for each coupon rate, as well as total bond years for an entire issue.

Answer 5

A unit of 1000 dollars outstanding for a year.

Answer 6

Any year that ends on 007 (like 2007)