Risk

A measure of the degree of uncertainty and/or of financial loss inherent in an investment or decision. There are many different risks, including:
call risk?The risk that declining interest rates may accelerate the redemption of a callable security, causing an investor?s principal to be returned sooner than expected. As a consequence, investors may have to reinvest their principal at a lower rate of interest.
credit risk?The risk that the obligor on the bonds will be unable to make debt service payments due to a weakening of their credit.
event risk?The risk that an issuer?s ability to make debt service payments will change because of unanticipated changes, such as a corporate restructuring, a regulatory change or an accident, in their environment.
market risk?Potential price fluctuations in a bond due to changes in the general level of interest rates.
underwriting risk?The risk of pricing and underwriting securities and then ultimately not being able to sell them to the investor.
round lot
Block of bonds $100,000 or higher..