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| Types of debt [[Security|securities]]:
| | {{essay|repack|Debt security|{{image|Transylvanian Bond|jpeg|A bond certificate with [[coupon]]s yesterday.}}{{Layman|Bond}} }} |
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| ===[[Senior]]===
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| [[Secured note|Secured notes]]
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| ===[[Pari passu]]===
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| *'''[[Bond]]''': {{bondcapsule}}}
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| *'''[[Note]]''': {{notecapsule}}
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| *'''[[Medium term note]]''' (or “[[MTN]]”): {{mtncapsule}} At one time, [[MTN]]s were typically issued only for a medium term — up to about 5 years — but that's all gone now. They still get called [[medium term note]]s though. In practice standalone {{tag|bonds}} and {{tag|notes}} are far less common these days, because they’re such a faff to issue and list, whereas MTNs are much easier and do pretty much the same job. I know how much you love a {{tag|metaphor}}, so think of [[bond|bonds]] and [[note|notes]] as broadsheet newspapers, and [[MTN|MTNs]] as an android app.
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| *'''[[Convertible bond]]''':
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| ===[[Subordinated]]===
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| *'''[[Subordinated note]]''':
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| {{c|Securities}}
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| ===See also===
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| *[[security]]
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