An isthmus is a land bridge bordered on both sides by water that connects two larger bodies of land. A narrow strip of land with sea on either side. (dictionary.com) An Isthmus is a narrow strip of land connecting two larger land areas usually with water on either side. Of note, the Isthmus of Corinth connects the peninsula of Peloponnese with the rest of the Greek peninsula, the Isthmus of Panama connects the continents of North and South America (the Americas), and the Isthmus of Suez in Egypt connects Africa and Asia (or Eurasia).
straight bond. Definition. Bond which will pay back the principal on its maturity date, will pay a specified amount of interest on specific dates, and does not carry a conversion privilege or other special features.
DEFINITION of 'Premium Bond'. 1) A bond that is trading above its par value. A bond will trade at a premium when it offers a coupon rate that is higher than prevailing interest rates. This is because investors want a higher yield, and will pay more for it.2) A specific type of bond issued in nations such as the United Kingdom and Canada. bond will trade at a premium when it offers a coupon rate that is higher than prevailing interest rates. This is because investors want a higher yield, and will pay more for it.