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SSBs are not transferable, but the fact that they can be redeemed in any month for the face value of the bond plus accrued interest eliminates the interest-rate risk which is inherent in an ordinary bond (if interest rates rise, an ordinary bond loses value). The bonds are guaranteed by the government of Singapore.
Paper savings bonds: If your bank cashes paper savings bonds, you can bring yours to a branch to redeem them. You can also cash in paper bonds by sending them to Treasury Retail Securities ...
Safety: U.S. savings bonds are issued directly by the Treasury and backed by the U.S. government. Taxes: Only federal income tax applies to savings bonds, not state or local taxes (unless your ...
A spens, Spens, spens clause, or Spens clause is a provision in a security (for example a bond) which allows a borrower to repay the principal amount (and hence discharge their obligation to the lender) earlier than the contractual repayment date, on payment of a specified penalty, also referred to as a "make whole" payment, in excess of the principal (or face value) of the security.
In the case of an amortizing bond, it is the unpaid principal = outstanding principal amount (OPA) = principal balance. In the case of an accreting bond, where the principal increases with the accumulation of notional coupons that are not paid, Principal means principal balance (after the previous coupon). The latter is the most general ...
Savings EE bonds are a popular type of government bond: They earn a fixed rate of return, and only require $25 to buy. Like other savings bonds, they give consumers an opportunity to earn extra ...
If you lose your EE or I savings bond, you can request a replacement or ask to cash the bond. Start with the information you know about your lost U.S. savings bond, such as whose name is on it and ...
Redemption value is the price at which the issuing company may choose to repurchase a security before its maturity date. [1] A bond is purchased "at a discount" if its redemption value exceeds its purchase price. It is purchased "at a premium" if its purchase price exceeds its redemption value. [1] Thus, the right will only be exercised at a ...