A provision, attached to a puttable bond, which allows the bondholder to put (give back) the bond to the issuer…
The memory of a phoenix (phoenix product) that allows the holder, as an option, to change the manner in which...
A phoenix autocall that has no memory. In other words, it is an income product (income-paying structure) that provides a...
Accounts payable, abbreviated as A/P or just payables, refer to the unpaid bills of a firm. That is, the short-term...
It stands for pay-in-kind debenture; a bond that confers on the issuer the option to pay interest with additional pay-in-kind...
A bond that confers on the issuer the option to pay interest with additional pay-in-kind (PIK) debentures (baby bonds) rather...
A PSA range within which the underlying mortgage collateral should remain over time so that a PAC bond would stick…
A bond which is payable at par to its holder on demand once the lock-out or deferment period expires. This…
The unit size of a convertible bond. It is amount for which a bond can be redeemed at maturity. It…
An absolute return barrier note (ARBN) (a structured product) in which the coupon is linked to an underlying security or…