Plain vanilla
A term that refers to a relatively simple derivative financial instrument, usually a swap or other derivative that is issued with standard features. |
Similar financial terms
Plain vanilla bondA typical ‘plain vanilla’ bond issued in the United States specifies (a) a fixed date (maturity or expiry date) when the amount borrowed (the principal or face value) is due, and (b) the contractual amount of interest which typically is paid every six months in the US and once a year on the European continent. A plain vanilla bond has a known cash flow pattern.
Vanilla issue
A security issue that has no unusual features.
