Offshore issue of a corporate or government bond, usually a bearer bond. Typically issued in Luxembourg or Netherlands Antilles. Exists beyond the regulations of the issuing country. Uses a currency other than the issuer’s country. They cannot be traded in the US. Non-European institutions sell them in Europe but they are cleared and settled using Euroclear and CEDEL, European bank-owned clearing houses. Their norm is a fixed final maturity of 10 to 15 years, but some are perpetual. Known also as global bond.

• BUSINESS RESUMPTION
• BUSINESS RISK
• BUSINESS RISK
• BUSINESS RISK EXCLUSION
• BUSINESS RULES
• BUSINESS SCENARIO
• BUSINESS SCHOOL
• BUSINESS SECTOR
• BUSINESS SERVICE PROVIDER
• BUSINESS SERVICES
• BUSINESS STARTS INDEX
• BUSINESS STRUCTURE
• BUSINESS SYSTEM
• BUSINESS TAX
• BUSINESS-TO-BUSINESS
• BUSINESS-TO-BUSINESS AGENCY
• BUSINESS-TO-BUSINESS AUCTION
• BUSINESS-TO-BUSINESS MARKETING
• BUSINESS-TO-CONSUMER
• BUSINESS-TO-CONSUMER
• BUSINESS-TO-CONSUMER STRATEGY
• BUSINESS-TO-EMPLOYEES
• BUSINESS TRANSACTION
• BUSINESS TRUST
• BUSINESS UNIT