👉 In the context of finance and economics, a "bango" is a term used to describe a financial instrument that pays interest only on a fixed amount of principal at regular intervals. The term was first coined in the 1950s by economists to describe a type of bond where payments are made based on the market value of the bond rather than on its face value. A bango is typically used when the issuer of the bond has the option to pay the investor a fixed amount of
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