A "fairway Bond" (also called "corridor Bond" or "index floater") designates a Bond which doesn't pay interest when the Interest rate index to which it is referenced moves outside of a specific range.
Corridor bond
A "fairway Bond" (also called "corridor Bond" or "index floater") designates a Bond which doesn't pay interest when the Interest rate index to which it is referenced moves outside of a specific range.
A "fairway Bond" (also called "corridor Bond" or "index floater") designates a Bond which doesn't pay interest when the Interest rate index to which it is referenced moves outside of a specific range.