What Is a Fixed-Income Style Box? A fixed-income style box provides a visual representation of the investment characteristics of fixed-income investments. Fixed-income style boxes were created by Morningstar and are most commonly used for mutual funds. They are a valuable tool for investors to use in determining the risk-return structures of their fixed-income investments. They
What Is a Fixed-Interest Security? A fixed-interest security is a debt instrument such as a bond, debenture, or gilt-edged bond that investors use to loan money to a company in exchange for interest payments. A fixed-interest security pays a specified rate of interest that does not change over the life of the instrument. The face
What Is a Fixed Price Purchase Option? A fixed price purchase option is the right, but not the obligation, to buy a leased item at the end of a lease term at a price determined from the onset of the lease agreement. A fixed price purchase option’s purchase price is established when the lease terms
What Is a Fixed Rate Bond? A fixed rate bond is a bond that pays the same level of interest over its entire term. An investor who wants to earn a guaranteed interest rate for a specified term could purchase a fixed rate bond in the form of a Treasury, corporate bond, municipal bond, or
What Is a Fixed-Rate Certificate of Deposit (CD)? A fixed-rate certificate of deposit (CD) is an investment instrument that has a set interest rate over its entire term. CDs generally offer terms in increments of three months up to one year and then switch to two-, three-, and five-year terms. The longer the term of
What Is a Fixed-Rate Payment? A fixed-rate payment is an installment loan with an interest rate that cannot be changed during the life of the loan. The payment amount also will remain the same, though the proportions that go toward paying off the interest and paying off the principal will vary. A fixed-rate payment is
What Are Fixing-up Expenses? Fixing-up expenses are any repair-related expenditures an individual has incurred during the process of preparing their home for sale, such as replacing broken windows or painting. This type of expense is different from capital improvements, which increase the value of a home, such as the addition of a new room or
What Is the Fijian Dollar (FJD)? The Fijian Dollar (FJD) is the national currency of the Republic of Fiji, an archipelago nation with over 300 islands. The FJD was first introduced in 1867, but its most recent iteration has been in place since 1969. The currency sign for the Fijian dollar is $ or FJ$
What Is a Flag? In the context of technical analysis, a flag is a price pattern that, in a shorter time frame, moves counter to the prevailing price trend observed in a longer time frame on a price chart. It is named because of the way it reminds the viewer of a flag on a
What Was the First-Time Homebuyer Tax Credit? The federal first-time homebuyer tax credit was available to Americans purchasing their first homes from April 2008 through September 2010. It has expired, but prospective homeowners can still use a number of other federal policies and programs that encourage homeownership. In addition, most states have programs designed to
