minibond

English

Etymology

From mini- +‎ bond. The sense "credit-linked note" derives from the brand name Minibond, under which these were marketed by Lehman Brothers prior to the fall of 2008.

Noun

minibond (plural minibonds)

  1. (finance, chiefly East Asia) A credit-linked note.
    • 2008 December 5, “HKAB stops minibond buybacks”, in Hong Kong Standard‎:
      The Hong Kong Association of Banks confirmed that the association has stopped buying back Lehman Brothers' minibonds as the legal risk keeps increasing.
  2. (finance) A relatively small bond issue.
    • 2000 July 7, Barry M. Siegel, “New School Board Members Upbeat”, in Port Washington News‎, archived from the original on 9 January 2009:
      Failing that, consideration would have to be given this fall to a minibond to address short term needs.
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