(British, finance) A type of investment that returns a fixed portion of the principal plus the result of equity trading with the balance.
Thus what is sometimes called a ladder structure can be created which can be added to the zero coupon bond to create an attractive guaranteed equity bond
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Regional slang from around the English-speaking world — British, Australian, Irish, Caribbean, Nigerian, Filipino, AAVE, and the hyphenated-English dialects that make the internet sound local.
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