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When you purchase a fixed interest security, the issuer agrees to pay
you a certain amount of interest at regular intervals.
These intervals vary, but usually you will receive your interest twice
yearly.
You continue to receive these payments until the maturity date, when
the face value of the security is repayed.
Although the likelihood of you receiving all of these payments is
usually high with most issuers, the terms of a security often stipulate
circumstances when an interest payment can be skipped, usually if the
issuer has insufficient funds to pay you.
You should always examine the terms for each individual security before
making an investment decision.
Our list of ASX fixed interest securites
can be helpful for this task.
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About Fixed Interest
