RECORD DATE

RECORD DATE

Last date for determining the bondholder or purchaser of any debt security for the next scheduled payment of  interest. 

REDEMPTION

REDEMPTION

Process by which the issuer buys back the bond.

REINVESTMENT RISK

REINVESTMENT RISK

Risk involved with respect to interest and the principal amount when reinvesting, the amount will have to be reinvested at a lower rate when the rates are declining in the market.