I did search over the internet and also wiki here. I don't see obvious answer. It must because it is just super obvious for guru here. Can anyone shed some light? thanks a lot!

Money posted to bail somebody out of jail.

That doesn't sounds related to mortgage or fixed income. Are you serious?

Bearish has provided one definition but it is for another context, namely posting bail to get one out of jail. And yes, he is having a bit of fun with you. What you are asking about is a bond or other fixed income transaction priced for regular settlement. For example, the last time I heard the settlement convention for the US Treasury market is the next good business day. So a cash bond trade in US Treasuries would be one that is conducted today and settled the next good business day. A forward bond trade would be a trade where the counterparties agree to fix the price today but exchange the bond and the cash at some specified time in the future after regular settlement.

an amalgamation of Johnny Cash and James Bond

QuoteOriginally posted by: daveangelan amalgamation of Johnny Cash and James BondMultiple Inheritance?

QuoteOriginally posted by: outrunQuoteOriginally posted by: CuchulainnQuoteOriginally posted by: daveangelan amalgamation of Johnny Cash and James BondMultiple Inheritance?mixin?Yes, that better.

Thanks. But I think we have a lot of fun on this posting

QuoteOriginally posted by: PerpetualThanks. But I think we have a lot of fun on this posting :)You bring out the best in us it seems!