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Glossary   >   C   >   "Cushion Bond" Definition            Cushion Bond A type of callable bond that sells at a premium because the issued coupon payments are above market interest rates. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Cushion Bond - A type of callable bond that sells at a premium because the issued coupon payments are above market interest rates.