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Closed Mortgage

A mortgage/ mortgage bond/ home loan that is issued with an indenture disallowing repayment prior to maturity and the re-use...

Closed-End Mortgage

A mortgage/ mortgage bond/ home loan that is issued with an indenture disallowing repayment prior to maturity and the re-use...

CMBS B-Piece

A description of the credit quality of the classes or tranches of a commercial mortgage-backed security (CMBS), or any similar...

Catastrophe Bond

A high-yield, asset-based debt security that is issued by an insurance company with principal, interest, or both linked to the...

Convertible-Rate FRN

A floating-rate note (FRN) that grants issuers and investors the right to convert from a floating rate of interest to…

Cash Flow CDO

A cash CDO in which the underlying collateral pool generates sufficient cash flows to pay the stated coupon and principal…

Collared Floater

A floater (floating-rate note) which has a minimum and a maximum interest rate, i.e., an embedded collar. This collar has…

Carrot-and-Stick Bond

A convertible bond that comes with a carrot-and-stick provision. Differently stated, its carrot provision provides for a low conversion premium…

CMO Floater

A floater that involves a short position in a strip of caps over the life of collateralized motgage obligation (CMO)…

Cash Equivalent Value

For an asset, cash equivalent value (CEV) is a measure of revenue that a firm receives from customers. More specifically,...