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Autocallable Bond

A structured fixed-income security (bond) that allows the holder an early redemption if a predefined event (early redemption event, or…

Accumulated Dividends

All past unpaid dividends on preferred stock containing a cumulative dividend feature. That means dividend payments on cumulative preferred stock…

ACYN

It stands for auto-callable yield note; a structured note in which the coupon is linked to more than one underlying...

Auto-Callable ARBN

An absolute return barrier note (ARBN) which is generally “continously callable”- i.e., with continuous call dates. This allows the note…

Accommodation Paper

A negotiable instrument that is endorsed by a party that does not receive any compensation/reward in return. In other words,…

Accommodation Note

A negotiable instrument that is endorsed by a party that does not receive any compensation/reward in return. In other words,…

Agency CMO

A collateralized mortage obligation (CMO) that is issued by a government agency or a government-sponsored enterprise. Speicifically, the agency or…

After-Tax Yield

The yield on a taxable bond issue after income taxes are paid. It is computed as follows: after-tax yield =…

Autocallable with a Memory

An autocallable that has a memory coupon as part of its structure. It provides its holder with early redemption at...

Autocallable

A structured product that is linked to the performance of an underlying being either the spot price of a single...