Basics

Bond

By Ryan Silk & Lawrence Polatchek · Reviewed April 2026 · Options Trading Glossary

Debt instrument paying fixed interest

What is Bond?

Bond A fixed-income debt instrument where an investor loans money to an entity (government or corporation) for a defined period at a fixed or variable interest rate. Bond yields affect the risk-free rate used in options pricing models like Black-Scholes.

Complete Definition

A fixed-income debt instrument where an investor loans money to an entity (government or corporation) for a defined period at a fixed or variable interest rate. Bond yields affect the risk-free rate used in options pricing models like Black-Scholes.

Related Terms

Rho Black Scholes Model

Written by

ApexVol Research Team

Quantitative options research

All calculations use live ORATS institutional data — the same source used by professional volatility desks.

Technical reviewer

Ryan Silk, ApexVol Founder

Reviewed for technical accuracy

10+ years trading options. Built ApexVol's pricing engine, Greeks model, and IV-rank methodology.

This guide is updated as market conditions and ORATS data change. Last revised 2026-05-12. How we research →

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