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Real Yield Security (REALS)
Typically, a floating rate note with a coupon reset quarterly to the greater of the increase in the consumer price index plus a predetermined real yield spread or, if the consumer price index should be flat or decline, to the level of the real yield spread. Also called Inflation-Linked Debt, Inflation Derivative, Inflation- Rate Interest-Indexed Bond. See also Indexed-Linked Bonds or Notes, Indexed Notes.
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Glossary *
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