An abbrevaition for par equivalent CDS spread; a measure of the creditworthiness of a bond. It sets the bond’s Z-spread…
A nine-character numbering system that is used to identify companies and individual securities in the United States and Canada. More…
A range accrual note (RAN) that has an embedded put option. It allows the holder (investor) to put the note…
A crossing network (CN) that is established and owned by a consortium- i.e., a number of partners, such as banks,…
An abbreviation for participating convertible preferred stock; a combination of a redeemable preferred stock with common stock. The resulting stock receives…
It stands for overall internal rate of return; in relation to private equity (PE) and venture capital (VC) funds, it is...
It stands for asset backed security; a security that is created by means of a process called "securitization"- the creation...
It stands for lifetime internal rate of return; in relation to private equity (PE) and venture capital (VC) funds, it is...
It stands for book-to-market effect; a measure that compares the book value of a company to the price of its...
An acronym for stand-by arrangement; an economic program (lending facility) of the International Monetary Fund (IMF) whereby a financial aid...