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ICDO

It stands for individual collateralized debt obligation (individual CDO); a synthetic structure that consists of a single tranche. It is...

ITM Convertible

A convertible that is in the money, i.e., it has its actual share price above the conversion price. As share...

Imputed Value

The value of a non-traded asset (or a service or product) which is deduced from information about the values of...

Indexed Bond

A bond whose cash flows are linked to movements in a given price index such as a consumer price index...

Interim Financing

A temporary, short-term loan that is required to complete the purchase of a new property. This loan is usually made...

In-The-Money Convertible

A convertible that has its actual share price above the conversion price. As share prices increase, a convertible tends to...

IIB

It stands for interest-indexed bond; an index linked bond (historically issued in Australia in the 1980s) that pays a fixed...

Inverse FRN

A floating-rate note (FRN) in which the coupon moves inversely to the movement of the reference rate. That is, if...

Interchangeable Bond

A bond that may be converted from coupon payment mode into registered form, or from registered form to coupon payment...

Initial Public Offering

The issuance by a privately-held company of stock to public investors for the first time, i.e. in the primary market....