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Credit Default Swap

A swap agreement that gives the holder the right to sell a contractual obligation (bond, loan) for its face value in the event...

Lookback Currency Option

A currency option which is enhanced by a lookback feature (lookback option), granting the holder the right to trade a specific amount...

Returns Inwards

Goods which are returned to the business (entity) by its customers for whatever reason (defective or damaged goods, different goods...

Sales Returns

Goods which are returned to the business (entity) by its customers for whatever reason (defective or damaged goods, different goods...

Duration Gap

A measure of the mismatch between assets and liabilities. By definition, it is the weighted duration of assets minus the product of the...

Tag Along

A type of shareholding rights whereby a minority shareholder is protected when a majority shareholder sells his/its stake. The minority...

Returns

It refers to all types of returns, whether returns outwards (purchases returns) or returns inwards (sales returns). By definition, returns...

Extendable Swap

A swap in which an extension option is embedded. This means, one party (typically the fixed-rate payer) has the option to extend or prolong the...

Extension Swap

A swap (interest rate swap, cross-currency swap) which initiates or kicks in at a forward start date which coincides with the date at...

Accumulated Depreciation

In connection with asset depreciation, it refers to the amount of depreciation written off to date. In other words, it...