Fixed income

Refers to the class of investment assets that carry a normally regular, fixed payment to the investor, in obvious contrast to an equity investment, where payments to the investor come, if at all, in the form of variable dividends. The class of fixed income securities includes debt securities of all kinds, including bonds, money market instruments and cash, securitised debt, and, loosely, floating rate notes, inflation-linked bonds and other bond-like investments where payments are set according to a pre-determined formula. See equity/stock, asset class.