The authority or power to influence (take charge in) normal business operations of a firm at the "operational" level including...
The default sensitivity of a tranche (to the default of a single name/ credit). It is a measure of the...
An issue of debt securities that carries an interest rate very close to the prevailing market rates (in the secondary...
A floating-rate note (FRN) in which coupon payments are subject to a floor set at the preceding coupon payment and...
The implied cost of an embedded option- i.e., an option embedded in a security. It is the difference between the...
An out-of-the-money convertible; a convertible whose underlying share price is below the conversion price. As share prices fall, the convertible's...
A financial transaction that involves trading a security that has not yet been issued, but rather is scheduled to be...
A warrant whose exercise price exceeds the price of its underlying at a given point in time. In other words,...
A convertible whose underlying share price is below the conversion price. As share prices fall, the convertible's price becomes less...
A floating-rate note (FRN) in which coupon payments are subject to a floor set at the preceding coupon payment and...