A security or bond which offers an annual guaranteed interest payment. There is usually a fixed date at which the bond is redeemed. Exchange Handbook Glossary
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fixed-interest security UK US noun [C] (plural fixed-interest securities) (also fixed-interest investment)
► FINANCE an investment, such as a bond, that pays interest at a rate that does not change: »
Most of the plans invest in a portfolio of equities and fixed-interest securities.
Financial and business terms. 2012.