Glossary Terms > VRDO's (Variable Rate Demand Obligations) (1 entry)

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  • What are VRDO's?
    Floating rate obligations that have a nominal long-term maturity but have a coupon rate that is reset periodically ( e.g., daily or weekly). The investor has the option to put the ...

Sources of definitions:

FINRA website, investor words . com, US Legal definitions, MSRB website, dictionary . com, SEC website

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