A collateralized mortgage obligation (CMO) in which principal payment allocation is based on the value of a specific index. In...

A transaction that involves the sale of a given bond and the purchase of another with different features, in an...

A synthetic structure that consists of a single tranche. It is simpler than a standard synthetic tranche and can be...

A mortgage loan (fixed-rate mortgage) that pays flat interest only (IO) over an interest only period within its life (10,...

Profit that results from appreciation of the value of assets held in inventory. By nature, inventory does not relate to...

The price of a convertible at the time of issuance. When the issue price is equal to the bond's nominal...

The rate of return that a lender earns on loaned money, expressed as a percentage of the loaned money (or...

The amount of inventory that is lost, stolen, or spoiled during some period of time. It is usually figured out...

In connection with discount debt instruments, it is the interest that would be earned by holding an instrument to maturity....

A collateralized mortgage obligation (CMO) that is structured as inverse floater tranches. The CMO will earn interest at rates that...