Fixed-Income Instrument Features
Free CFA Level I lesson in Fixed Income. 9 min read, ~1,422 words.
Core features: issuer, maturity, par value, coupon rate and frequency, currency, seniority, embedded options. Indenture = legal contract between issuer and bondholders, enforced by a trustee. Affirmative covenants tell the issuer what it MUST do (pay coupons, file statements, maintain insurance). Negative covenants tell the issuer what it must NOT...
Read the full lesson, free →
Worked examples, audio narration, and practice. No signup to read.
What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- instrument features
Browse all free CFA Level I lessons or jump into free CFA Level I practice questions.