The spread that would be realized over the whole risk-free spot rate curve if a given risky security such as…
A type of debt-based derivative instrument that provides a much safer investment than asset-backed or mortgaged-backed securities. This bond is…
A firm that generates cash in excess of what is needed to keep up its business or earning power. A…
A preferred stock that allows the holder to convert into common stock. It gives the holder a preference in the…
The price of a convertible as quoted exclusive of accrued interest. That is, the accrued coupon is not not part…
An adjustment to the market value of collateral (collateral securities posted to secure a lending/ borrowing transaction such as repo)...
A bond that belongs to the class of socially responsible bonds (or religiously responsible bonds so to speak). It is…
A callable preferred stock that which doesn’t allow the investor (holder) to convert into common stock. However, the issuer has…
An index that measures the 12-month average of the monthly average yields (dealer bid rates) of 3-month certificates of deposit…
A bond swap that aims to improve the overall credit quality of a portfolio. This involves swapping a low creditworthy…