Baby bond
Also written exchange-traded debt, ETD, exchange-traded note.
A $25-par corporate bond listed on a stock exchange. It pays interest and ranks ahead of preferred stock.
Definition
A corporate bond with a $25 par value that trades on a stock exchange rather than the over-the-counter bond market. It pays fixed interest, has a stated maturity and ranks ahead of preferred stock. Its payments are interest, taxed as ordinary income.
Definitions describe how YieldDesk reads the term. Nothing on this page is investment advice or a recommendation to buy, sell or hold.