Plain Vanilla

Plain vanilla is a financial term that refers to a basic or standard product or service. It is often used to describe investments or financial instruments that are not complex or risky. For example, a plain vanilla bond is a bond that pays a fixed interest rate and does not have any special features.

The term "plain vanilla" is often used in contrast to more complex or risky products or services. For example, a plain vanilla mutual fund is a mutual fund that invests in a diversified portfolio of stocks and bonds, while a more complex mutual fund might invest in more speculative investments, such as derivatives or commodities.

The term "plain vanilla" can also be used to describe a simple or straightforward process. For example, a plain vanilla loan is a loan that does not have any special terms or conditions.

In general, the term "plain vanilla" is used to describe something that is basic, standard, or simple. It is often used in financial contexts to describe investments or financial instruments that are not complex or risky.