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What does semiannual bond mean?

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semiannual bond
Noun


A bond that pays a fixed-rate of interest (coupon) twice a year (semiannually), including US Treasury notes and bonds as well as US municipal and corporate bonds, Canadian government bonds and UK gilts.

Comment: 
Semiannual interest is conventionally quoted on a simple interest basis for half-years, using half-years to calculate interest for each period of six months.
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