An acronym for single-tranche collateralized debt obligation; a synthetic structure that consists of a single tranche. It is simpler than…
The redemption of a serial bond. Such a bond may consist of a series of bonds each with its own…
A bond (a variable interest bond) whose coupon payment starts to increase after an initial period. It pays an initial…
A bond that is issued as part of a municipal bond issue not exceeding an aggregate face amount of $10…
In the context of subprime deals, it is a provision that entails the conversion of deal structure from sequential pay…
With respect to subprime deals, it a trigger that determines the collateral tests. It is one of the specific features…
The practice of granting options (employee or executive stock options– ESOs) just before the announcement of key information that is…
A bond issue (particularly a municipal issue) in which a certain proportion (installment) matures at regular intervals (e.g. each year)…
A bond (particularly issued by municipalities) in which a certain proportion (installment) matures at regular intervals (e.g. each year) until…
An artificially created security that combines a financial security (such as a bond, stock, etc) with another asset such as…