1. Baby bond
Convertible or straight debt bond having a par value of less than $1000, usually $500 to $25. Baby bonds bring the bond market within reach of small investors and, by the same token, open a source of funds to corporations that lack entree to the large institutional market. On the negative side, they entail higher administrative costs (relative to the total money raised) for distribution and processing and lack the large and active market that ensures the liquidity of conventional bonds.
2. Benchmark
A basis of measurement, such as an interest rate, an index or peer grouping of stock or bond prices or other values, used as a reference point. For example, the standard & poor's 500 composite index is the most commonly used benchmark for comparing the performance of stock portfolio managers . The 10-year Treasury note yield is a benchmark that might be used to adjust a floating rate note . Benchmark indexes are also called reference indexes.
3. Yield
It is the return on a loan or investment, stated as a percentage of price. Yield can be computed by dividing return by purchase price, by current market value, or by any other measure of value. In interest-earning investments, such as bank loans or deposits, yield is interest revenue earned divided by the average balance. In fixed income securities, such as bonds, yields fluctuate as bond prices rise or fall, which means that current yields will differ from redemption yields on the same investments.
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It is an independent multilateral agency administering world trade agreements. WTO, headquartered in Geneva , Switzerland , resulted from the Uruguay
