I love acronyms. They make everything seem so much fancier than it really is. I feel more important when I use acronyms. Then, when I see the look of fear and confusion in the eyes of the person I’m speaking to, I feel so powerful. I roll my eyes and sigh, and then go on [...]
I should preface this with letting you know that bonds are debt instruments. When you buy a bond–both corporate and muni, you are lending the company or government entity money in return for interest (also called coupon or yield) and repayment of the purchase price upon maturity.
When you buy a corporate bond, you are loaning [...]
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