Definitions for "reinvestment risk"
The risk resulting from the fact that interest or dividends earned from an investment...
The risk that an investor in bonds who chooses to spend the interest, or reinvests the coupon payments, will not receive the calculated yield to maturity due to changing interest rates. Yield to maturity assumes the reinvestment (or compounding) of interest.
See interest rate risk.
Keywords:  arbitrage, walk, random, reversal
reversal arbitrage Random walk