The yield on a taxable bond issue after income taxes are paid. It is computed as follows: tax-equivalent yield =…
The yield on a taxable bond issue after income taxes are paid. It is computed as follows: taxable-equivalent yield =…
A time draft that is drawn by a provider of goods and services on a buyer/ importer (the drawee), who...
A gradual scale back of bond purchases by the U.S. Federal Reserve (the Fed). Usually, the Fed buys bonds in…
A certificate of deposit (CD) or savings account which is held in a bank or depository institution for a preset...
It stands for tranche thickness loss multiple; in relation to a tranche and tranche thickness, it is the loss coverage...
In relation to a tranche and tranche thickness, it is the loss coverage multiple defined by dividing the tranche thickness...
A measure of how much of losses a tranche can absorb as part of the overall securitized structure. It is...
A tranche that has a big width. In other words, the the difference between its exhaustion percentage (detachment point) and...
A tranche that has a small width. In other words, the the difference between its exhaustion percentage (detachment point) and...