An alternative term for principal only tranche; a tranche, part of an IO/ OP structure, that receives only the principal...
A convertible that comes with no annual coupon, but rather it is issued at a deep discount to par. In...
The spread that would be realized over the whole risk-free spot rate curve if a given risky security such as...
The spread that would be realized over the whole risk-free spot rate curve if a given risky security such as...
The spread that would be realized over the whole risk-free spot rate curve if a given risky security such as...
A zero-coupon interest rate is the rate of interest earned on an investment that is made over a given period...
An abbreviation for zero-coupon convertible; a convertible that comes with no annual coupon, but rather it is issued at a...
It stands for zero-balance account; a corporate checking account in which a zero balance is maintained. Differently put, this constitutes...
A corporate checking account in which a zero balance is maintained. Differently put, this constitutes a disbursement account that always...
A highly speculative bond whose company has little or no chance of survival, and as such is mistaken for dead....