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Hazard Rate

The instantaneous probability of default (conditional default rate) by an issuer. This risk management tool measures the probability of default...

Subsidiary

An entity that is controlled by another entity (known as the parent or parent company). The controlling entity/ parent can...

ALP

It stands for arm's length principle; a market standard that assumes a normal transaction to be one which is entered...

Arm’s Length Principle

A market standard that assumes a normal transaction to be one which is entered into by and between two unrelated...

Arm’s Length Transaction

A transaction which is entered into by and between two unrelated and well-informed parties, that is, those who have no...

Basket Credit Default Swap

A credit default swap (CDS) in which the protection buyer pays a fee (premium) to purchase default protection on a number of debtors or debt issuers....

Basket Default Swap

A credit default swap (CDS) in which the protection buyer pays a fee (premium) to purchase default protection on a number of debtors or debt issuers....

Basket CDS

A credit default swap (CDS) in which the protection buyer pays a fee (premium) to purchase default protection on a number of debtors or debt issuers....

Hiba

A method of possession transfer whereby an asset (or any form of wealth) is gifted to another party for free-...

Amortization

The systematic process of allocating the amortized amount/ amortized cost (the principal) of a financial asset (broadly any intangible asset)...