Unsecured stock delivered to an entity that has furnished a loan for a company. Loan stock earns interest at a fixed rate.

A security paying a fixed rate of interest which returns capital at the end of a stipulated period of time. Secured by the company's assets.

A fixed interest stock that may or may not be secured against all or a specific part of the assets of a company. The interest will be paid whether the company is profitable or not.

Lagging Last split

See Bonds.