It stands for point of non-viability; a situation where a bank or other regulated institutions experience serious financial stress due...
Introduced by Jack Treynor (1961, 1962), William Sharpe (1964), John Lintner (1965) and Jan Mossin (1966) independently, and capitalized on...
It stands for net charge-off; the difference between the amount of gross charge-offs (GCO), or simply charge-offs, and any recoveries...
It stands for forward-starting CDO; a single-tranche CDO (an exotic CDO product) with a premium starting at a pre-specified time…
An acronym for provision for credit losses; a provision that is created (set aside) by an entity, as an amount...
It stands for allowance for credit losses; an allowance that constitutes an estimate of a debt/ obligation (credit extended to...
It stands for inverse floating rate tranche; a tranche that is created from the collateral tranche (in a CMO structure),...
It stands for floating rate tranche; a CMO tranche (or a tranche in a similar structure) in which the monthly...
It stands for event risk covenant; a bond provision that requires that the bond is turned in, or redeemed, at…
An abbreviation for close-to-the-money option; an option contract in which the underlying’s market price is very near to the strike…