La palabra del día: Bono

Masculine noun. In Business Spanish a bono is a fixed income security issued by a private company or by a public institution. E.g.: Sin consolidar en lo que se refiere a la participación en la emisión de bonos del Tesoro: Unbound for participation in issuance of treasury bonds.
We have different kind of bonos: bonos cupón cero (zero coupon bond), bonos a tasa de interés fija o flotante (floating or fixed rate bond), bonos amortizables durante la vida del mismo / al vencimiento (bullet), bonos convertibles (convertible bond), bonos con opción de recompra (callable bond), bonos con opción de reventa (putable bond).
In Spain, if bonos are issued for a term longer than five years, they are called obligaciones negociables.
By the way, bono also means voucher and James Bond should be translated Santiago Bono. dc

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