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Explain Composite Currency Bond
Composite currency bonds are denominated in a currency basket, like SDRs or ECUs, in place of a single currency.They are often known as currency cocktail bonds. They are usually straight fixed-rate bonds. The currency composite is a portfolio of currencies: while some currencies are depreciating others may be appreciating, thus yielding lower variability overall.
Debenture Debenture is a document holding an acknowledgment of indebtedness on the part of organizations, usually secured by a charge on the company's assets.
Definition of 'Hedge Fund': An aggressively managed portfolio of investments that uses advanced investment strategies define as leveraged, short, long and derivative positions
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