A type of liability that arises unintentionally (i.e., without fault) or that is looked at without regard to fault. Typically,…
A collateralized mortgage obligation (CMO) that converts a long-term mortgage product with irregular and unstable cash flows into short, medium,…
A collateralized mortgage obligation (CMO) that converts a long-term mortgage product with irregular and unstable cash flows into short, medium,…
The process whereby a parent company divests itself of a subsidiary by distributing all shares in the subsidiary proportionally to…
A structuring technique which involves the purchase of ordinary bonds (usually, U.S. Treasury bonds) and the repackaging thereof in a…
A firm that is ripe for takeover but still not known enough to attract an acquirer. Such a firm usually...
A tranche that constitutes a special class of principal only (PO) tranches embedded in a securitized product (e.g., CMOs) with...
It stands for super principal only tranche; a tranche that constitutes a special class of principal only (PO) tranches embedded in...
It stands for super senior tranche; a senior CDO tranche that ranks at the very top of a CDO (collateralized...
A senior CDO tranche that ranks at the very top of a CDO (collateralized debt obligation) issue. Given its utmost,...