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IMM Futures

A standardized, exchange-traded futures contract to buy or sell a money market security at a set price on a particular…

IHV

It stands for immediate historical volatility; the volatility value which is realized during the period immediately preceding the date of…

AB-i

An abbreviation for accepted bill-i or Islamic accepted bill; a bill of exchange which is drawn on or by a...

CGT

It stands for capital gain tax; a tax that an entity pays on capital gains- that is, gains arising from...

STIR Swap

An acronym for short-term interest rate swap. By definition, it is an interest rate swap (IRS) whose maturity doesn't exceed...

ECN

It stands for enhanced capital note; a capital note that is issued by a regulated institution (e.g., a bank) with...

CTS

It stands for conditional trigger swap; a trigger swap (a hybrid derivative/ hybrid product) that capitalizes on a combined performance...

GLP

It stands for guideline level premium; with respect to life insurance (particularly universal life insurance), it is the level annual...

GSP

It stands for guideline single premium; with respect to life insurance (particularly universal life insurance), it is the premium at...

CWP

A claim is said to be closed without payment (CWP) when it is dismissed and closed, by an insurance firm,...