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Constructive Dividend

A corporate distribution to a stockholder that is viewed by the tax authorities (such as the IRS) as a dividend…

CMO FRN

An abbreviation collateralized mortgage obligation floating-rate note; a collateralized mortgage obligation (CMO) that pays an adjustable rate of interest that…

Call Protection Period

An period of time between the time a callable bond is issued and the time it can be called by…

CRAN

It stands for callable range accrual note; a debt instrument (range accrual note) where the issuer has the option (call…

Commodity Interest-Indexed Bond

An interest-indexed bond in which the coupon rate is linked to the price of a certain commodity such as oil,…

Covered Warrant

A third-party warrant that is issued by a company (usually a bank or financial institution) on the stock of another…

Calculation Agent

The party that is charged with the task of calculating the amounts payable under a swap agreement or the value…

Capital Index Bond

An instrument which is used to link the cash flows from a bond to an inflation index. In this bond,…

Capital Dividend

A dividend that is paid out of paid-in capital rather than from current net profits or retained earnings. Unlike, stock…

Convertible

An instrument (part debt and part equity) that gives the holder the right, but not the obligation, to exchange a...