Bonds are regarded as fixed income investments. They obligate the borrower to pay the bond owner a fixed rate of interest during the term of the loan and to return the principal or face value when the loan matures, and a preferred shareholder would get a fixed dividend. A variety of institutions issue debt obligations, including governments and corporations. NYSE Euronext Glossary
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The generic term for debt instruments (such as bonds and loans) which pay interest in the form of a coupon. The rate of interest is often fixed, hence the term 'fixed income'.
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fixed income UK US noun [C or U] FINANCE
► an income, for example from a pension, that does not change over a period of time: »
Many senior citizens live on fixed incomes.
► investments that provide an income that does not change over a period of time: »
We can advise you on how to invest in fixed income (bonds and gilts).
Financial and business terms. 2012.